reinsurance

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.

The insurance-linked securities (ILS) fund allocation of the Florida State Board of Administration experienced a negative first-quarter of performance due to the wildfire losses at the start of this year. But, the impact seemingly turned out to be less than feared and now staff of the SBA appear to be considering a new ILS fund […]

Global insurance and reinsurance broker Aon has appointed Dan Hartung as global head of event response within its Risk Capital division, as the firm seeks to strengthen its real-time catastrophe intelligence capabilities amid increasing demand for responsive and integrated disaster analytics.

New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC), formerly known as New Zealand’s Earthquake Commission (EQC) Toka Tū Ake, has added more limit to its reinsurance tower, lifting the top by $1.15 billion for 2025, in a renewal securing $10.3 billion of cover for disaster losses in the country.

Ariel Re, the Bermuda headquartered global reinsurer, is back in the catastrophe bond market this time seeking to add wildfire as a covered peril, as it brings a new $125 million Titania Re Ltd. (Series 2025-1) transaction to build out its capital markets backed retrocessional reinsurance, Artemis can report.

Canopius Group, the global specialty insurance and reinsurance underwriter, has successfully secured a renewal and upsizing for its catastrophe bond, with the new Finca Re Ltd. (Series 2025-1) issuance priced to provide the targeted $125 million of protection at a spread fixed at the low-end of guidance, Artemis can report.