reinsurance

Everest Group, the global insurer and reinsurer, has estimated its pre-tax net catastrophe losses from the California wildfires at between $350 million and $450 million, which suggests a 1% of industry loss market share.

SCOR has reported more competitive market conditions at the January reinsurance renewals, with increased capital supply the main driver, leading it to stay disciplined in property catastrophe risks, where it noted premiums were flat, but its net exposure slightly higher after the contract signings.

Aon Insurance Managers (IM), the unit of the global insurance and reinsurance broker that provides insurance management services, across commercial, captive and insurance-linked securities (ILS) vehicles, has hired Charlotte Shreeve as its new Director of ILS North America.

With capital levels of insurance-linked securities (ILS) reaching new highs in 2024, and returns across the market remaining attractive, “with particularly strong catastrophe bond issuance,” rating agency Fitch anticipates sustained robust growth in the supply of alternative reinsurance capital throughout 2025.

American Integrity Insurance Company is back in the catastrophe bond market with a multi-layered transaction that could secure the firm as much as $325 million of fully-collateralized US named storm reinsurance across southeast states, through an Integrity Re III Ltd. (Series 2025-1) issuance, this publication has learned.

Kaith Re Ltd., the transformer vehicle owned by global reinsurance firm Hannover Re, has issued seven series of private catastrophe bond notes, all Seaside Re (Series 2025), for a total of $84 million of notes sold to investors.

Here are the ten most popular news articles, week ending February 2nd 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.

According to Eric Andersen, President of broking giant, Aon, the insurance-linked securities (ILS) market continues to be a very “boutique business within reinsurance” for the firm, in terms of the scale of the traditional reinsurance treaties seen across the industry on property cat, liability and specialty.

GeoVera Insurance Holdings, Ltd. has secured its largest catastrophe bond issuance yet, as the Veraison Re Ltd. (Series 2025-1) deal has now been priced to provide the company its upsized $450 million target for earthquake reinsurance protection.

Executives at RenaissanceRe (RenRe), the Bermuda-based reinsurer and third party capital manager, have said that the California wildfires may drive underwriting opportunities for the industry at the mid-year renewals, while also stating that the company’s insurance-linked securities (ILS) structures and JV’s remain well-positioned following the event.