reinsurance

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.

The California Earthquake Authority’s (CEA) risk transfer tower increased in size after the organisation renewed slightly more reinsurance protection at April 1st than was maturing, leaving it with almost $7.8 billion of risk transfer in-force.

Reinsurers’ probable maximum loss (PML) exposures as a percentage of equity capital have remained relatively flat year-over-year at January 1, 2025, even as property catastrophe reinsurance pricing begins to decline, according to a new report from Moody’s Ratings.

Catastrophe data aggregator PERILS has issued its fourth and final industry loss estimate for the floods that impacted southern Germany between May 31 and June 6, 2024, putting the insured market loss at €1.564 billion.