reinsurance

Insurer USAA has extended the maturity for $225 million of catastrophe bond notes issued under its originally $400 million Residential Reinsurance 2021 Limited (Series 2021-1) aggregate cat bond issuance, allowing for further development of losses to identify if any reinsurance recoveries become due.

This is a final reminder to register for our upcoming live Catastrophe Bond and ILS Market Conditions at Mid-Year 2025 webinar that is being held on June 17th 2025, in which our industry expert speakers will discuss market conditions and provide thoughts on the ILS market outlook at the mid-point of the year.

Specialty insurer Beazley is enhancing its property parametric underwriting capabilities with the appointment of Swiss Re’s Stefan Wunderlich as Head of Parametric Insurance.

Specialty insurance and reinsurance company Convex Group is back in the catastrophe bond market with an initial $100 million or greater target for its third sponsorship, a Hypatia Ltd. (Series 2025-1)  cat bond issuance, Artemis has learned.

Mereo Advisors, the Bermuda based insurance, reinsurance and asset management group that also manages insurance-linked securities (ILS) funds, has been rebranded as Cedar Trace.

Reinsurance and retrocession capacity for Florida surged at the June–July 2025 renewals, supported by strong investor appetite in the insurance-linked securities (ILS) space and growing confidence in the state’s reformed legal environment, according to Fitch Ratings.

American Integrity Insurance is set to benefit from a roughly $13.2 million recovery from the original $75 million of Integrity Re Ltd. (Series 2022-1) catastrophe bond notes, with the remaining ~$61.8 million of principal now having its maturity extended by a further year, Artemis can report.

With UCITS catastrophe bond funds delivering positive returns to their investors for the month of May, it has helped to lift the trailing twelve-month return for the UCITS cat bond fund sector back to an average of 12%, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

The California Earthquake Authority (CEA) has now priced its latest catastrophe bond, securing the 60% top-end target size for $400 million of earthquake reinsurance limit from this Ursa Re II Ltd. (Series 2025-1) issuance, Artemis has learned.

Here are the ten most popular news articles, week ending June 8th 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.