Hurricane losses in 2025 could re-firm reinsurance, but not as much as post-2022: Jefferies
While the reinsurance market and its pricing would be expected to re-firm after any large hurricane losses suffered during the 2025 season, it is not expected to drive a severe market hardening as was seen after 2022, according to analysts at investment bank Jefferies. The reason being the strong capitalisation of read the full article →
ILS investors have ‘reason to be optimistic’ heading into 2025 hurricane season: Allgäuer, VP Bank
In a recent commentary, Bernhard Allgäuer, Senior Investment Strategist at VP Bank, outlined why insurance-linked securities (ILS) investors “have reason to be optimistic” heading into the 2025 Atlantic hurricane season, citing elevated risk premia and a favourable technical setup that could support returns. A key part of that setup lies in read the full article →
Best of Artemis, week ending June 22nd 2025
Here are the ten most popular news articles, week ending June 22nd 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. Ten most read the full article →
Convex gets 50% upsized $150m Hypatia 2025-1 cat bond, priced 17% below mid-guidance
Convex Group, the specialty insurance and reinsurance company, has now secured its latest catastrophe bond to provide the 50% upsized $150 million of capital markets retrocession from the new Hypatia Ltd. (Series 2025-1) issuance, with the spread priced 17% below the mid-point of the initial guidance range. Convex made its return read the full article →
Hurricane Erick: No cat bond or private ILS impact expected by Twelve Securis
Twelve Securis, the specialist insurance-linked securities investment manager, is not anticipating any impact to the World Bank catastrophe bond or any of the firm's private ILS positions due to losses caused by major hurricane Erick in Mexico yesterday. As we had reported, Erick rapidly intensified into a major hurricane as it read the full article →
PGGM / PFZW ILS allocation range reduced for Munich Re sidecar Leo Re
The target allocation range has been reduced for an investment into a Munich Re reinsurance sidecar that features in the insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client Dutch pension PFZW. PGGM has been investing in the Leo Re quota share read the full article →
North America property claims volume hit five-year low in Q1’25: Verisk
As per Verisk’s latest Quarterly Property Report, claims volume in the U.S. and Canada continued to decline in the first quarter of 2025, reaching a five-year low, even amid significant weather events across several regions. The first three months of 2025 brought devastating wildfires to California, along with significant wind and read the full article →
Everest now targets up to $1bn across its two Kilimanjaro Re II catastrophe bond series
Everest Group is now aiming to secure as much as $1 billion of collateralized retrocessional reinsurance limit from the capital markets across its two new Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) transactions, Artemis can report. Everest's reinsurance entity, Everest Re, returned to the catastrophe read the full article →
Swiss pension Nest gets 20%+ returns from ILS and cat bond investments in 2024
Switzerland based pension fund Nest Sammelstiftung, or the Nest Collective Foundation, saw catastrophe bonds and insurance-linked securities (ILS) as one of its best investment asset classes in performance terms in 2024, benefiting from over 20% across its cat bond and reinsurance allocations. Nest Sammelstiftung positions as an ecological-ethical pension investor, adopting read the full article →
Investors see insurance-linked securities as one of the best income yield opportunities
Institutional investors are searching for diversification, income generation and also defensiveness in their asset selection, as they strive to build resilient portfolios to suit a world defined by fragmentation and flux, a survey from asset manager Schroders explains. Given the current macro-economic and geopolitical backdrop, institutional investors are rethinking their allocation read the full article →
