American Integrity’s new $565m cat bond reflects ILS investor confidence in Florida: CEO
With American Integrity Insurance Company securing its largest catastrophe bond to date, the $565 million Integrity Re III Ltd. (Series 2025-1), CEO Robert Ritchie stated that the issuance reflects the strong confidence and enthusiasm of insurance-linked securities (ILS) investors for the Florida market. In late February, American Integrity Insurance Company successfully read the full article →
Flood Re lifts Vision 2039 cat bond target to £140m, price narrows towards upper-end
Flood Re, the state-backed flood reinsurance pool in the United Kingdom, has increased the target size for its debut catastrophe bond, with now UK £140 million in fully-collateralized flood retrocessional reinsurance sought from the London Bridge 2 PCC Limited (Vision 2039 – 2025-1) transaction. Flood Re entered the market a few read the full article →
Positive U.S. P&C result momentum set to continue in 2025: AM Best
The U.S. property and casualty (P&C) insurance industry saw significant improvement in 2024 compared to 2023, with momentum expected to continue in 2025 as higher interest rates drive stronger investment yields for insurers, providing a financial buffer against the volatility of weather-related losses, according to a new report from AM read the full article →
Lancashire has ‘plenty’ of aggregate reinsurance limit left despite erosion from LA wildfires: CUO
Bermuda-based Lancashire Holdings Limited has reported that losses from the devastating Los Angeles wildfires have eroded “a good portion” of the annual deductible of the organisation's aggregate reinsurance cover, but the company has plenty of limit available for the rest of the year, according to Chief Underwriting Officer (CUO) Paul read the full article →
Acrisure Re expands Corporate Advisory & Solutions team
Acrisure Re, the reinsurance and insurance division of global fintech Acrisure, has expanded its Corporate Advisory & Solutions (ARCAS) division with a number of key appointments, including Lauren Johnson, who has been named Head of Funds at Lloyd’s (FAL). Johnson, who recently rejoined Acrisure Re's London ARCAS team will lead the read the full article →
Mixed views on property cat rates, terms still in focus, top-layers to be competitive: AIFA
Following the annual AIFA conference held in Florida this week, equity analysts noted mixed views on the mid-year renewal outlook for property catastrophe reinsurance rates. Pricing in upper-layers of reinsurance towers is expected to see the greatest competition, but there are no signs of overly aggressive behaviour at this stage. Analysts read the full article →
RenaissanceRe launches Medici UCITS catastrophe bond fund with $340m
RenaissanceRe, the Bermuda-based reinsurance company and third-party ILS capital manager, has now officially launched its first UCITS compliant property catastrophe bond fund strategy, the RenaissanceRe Medici UCITS Fund, with $340 million of capital allocated, confirming our reporting from three months ago. Back on December 4th 2024, Artemis reported that RenaissanceRe (RenRe) read the full article →
Heritage secures $200m Citrus Re 2025-1 catastrophe bond at reduced pricing
Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, has now secured its targeted $200 million of reinsurance from the new Citrus Re Ltd. (Series 2025-1) catastrophe bond issuance, as the notes have now been priced at reduced levels. Heritage Insurance returned to the catastrophe bond market read the full article →
SafePoint returns with $100m target for Nature Coast Re 2025-2 cat bond
SafePoint Insurance Company is back in the catastrophe bond market, with a target to secure $100 million in reinsurance protection from capital market investors through a Nature Coast Re Ltd. (Series 2025-2) issuance, which sees the company back looking for indemnity, per-occurrence coverage. Last time SafePoint sponsored a catastrophe bond was read the full article →
Sutton seeks CA wildfire cover with $75m Greengrove Re 2025-1 catastrophe bond
Sutton National Group has entered the catastrophe bond market for the first time and intriguingly is seeking a capital markets backed $75 million or larger source of fire reinsurance protection in California from this debut Greengrove Re Ltd. (Series 2025-1) issuance, we have learned. Sutton National Group underwrites through its Sutton read the full article →
