reinsurance

Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.

A number of aggregate catastrophe bonds have already seen their annual deductibles severely eroded by previous catastrophes and with this weekend’s severe weather activity in the United States providing a reminder of the tornado threat, cat bond fund manager Icosa Investments has cautioned investors to assess the risk of certain deals wisely.

Perry Thomas, Chief Executive Officer (CEO) of Flood Re, has announced the successful completion of the company’s debut catastrophe bond, the £140 million London Bridge 2 PCC Limited (Vision 2039 – 2025-1) issuance, stating that it represents an “innovative transaction” that strengthens the firm’s reinsurance programme and enhances protection for UK households against flooding.

Greg Case, CEO of insurance and reinsurance broking giant Aon, is taking on the additional responsibilities of company President, as long-standing senior Aon executive Eric Andersen is transitioning into a role as a senior advisor to Case.

Insurance technology veteran Sandra DeSilva has announced the launch of Mythen, an artificial intelligence (AI)-powered parametric insurance platform and reinsurer, based in Bermuda and Texas, that specialises in writing natural catastrophe risks.

An outbreak of severe and convective weather across the US Midwest and South looks set to be costly for the insurance and reinsurance industry as tornadoes, large hail, strong winds, dust storms, wildfires and flooding all turned deadly over the weekend.

AXIS Capital, the global specialty insurance and reinsurance underwriter, has now successfully priced its latest catastrophe bond issuance, securing the 33% upsized $200 million in North American named storm and earthquake protection from the Northshore Re II Ltd. (Series 2025-1) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending March 16th 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Global insurance and reinsurance player Everest Group has reported significantly increased cessions from its property catastrophe line of business to cells of its Mt. Logan Re Ltd. third-party capitalised sidecar-like structure in 2024.

US primary insurer Allstate has now successfully priced its latest catastrophe bond transaction, securing the upsized 150% target of $750 million of collateralized multi-peril and multi-year catastrophe reinsurance protection from the Sanders Re II Ltd. (Series 2025-1) issuance, which marks the company’s joint-largest cat bond sponsorship ever.