Retro market softened to a degree at Jan 1 renewals: Carvey, Conduit Re CEO
Similar to the catastrophe excess of loss marketplace, the retrocession market softened to a degree at the January 1st, 2025, reinsurance renewals, and was generally more responsive to Bermuda-based reinsurer Conduit Re's needs, according to Chief Executive Officer (CEO), Trevor Carvey. This morning, as reported by our sister publication Reinsurance News, read the full article →
Farmers pegs LA wildfire loss at $600m after reinsurance and reinstatement premium
U.S. primary carrier Farmers Insurance Group has announced that initial estimates point to an expected loss of $600 million for the Los Angeles wildfires, net of its per-occurrence reinsurance coverage and gross of tax, and a roughly $250 million reinstatement premium payment. This $600 million net loss estimate follows the $1.6 read the full article →
Retro market bolsters reinsurance capacity, cat bonds provide competitive pressure at 1/1: Aon
According to global insurance and reinsurance broking group Aon, the healthy retro reinsurance market helped bolster reinsurance capacity at the key 1/1 renewals, while catastrophe bonds provided “significant competitive pressure" during the January renewal period. In their Reinsurance Market Dynamics January 2025 Renewal report, the broker states that the retrocession market read the full article →
Security First targets second price reduction for $250m First Coast Re IV 2025 cat bond
Security First Insurance Company, a specialist Florida domestic homeowners insurer, has seen the price guidance for its First Coast Re IV Ltd. (Series 2025-1) catastrophe bond issuance decline further, while the Class A tranche of notes are now targeting $100 million in size, Artemis has learned. First Coast Re IV Ltd. read the full article →
UBS has high conviction for ILS. Takes some profits, maintains exposure
UBS Hedge Fund Solutions, a division of UBS Asset Management focused on managing and advising on a range of alternative assets for clients, has revealed that looking across 2025, the group continues to see reinsurance and insurance-linked securities (ILS) as one of its highest conviction themes in Credit & Income. A read the full article →
Cat bond market poised for another strong year in 2025: Brad Adderley, Appleby
Following a record year for the catastrophe bond market in 2024, with issuance increasing by over $1 billion to a new annual high of $17.7 billion, 2025 is set to be another busy year for the market, according to Brad Adderley, Partner at global law firm Appleby. Artemis spoke with Adderley read the full article →
Investing in ILS the right decision. Buying every cat bond less advisable: Icosa
While allocating capital into the insurance-linked securities (ILS) sector is "certainly the right decision for asset allocators" at this time, manager Icosa Investments cautions that with some challenges in the sector it is not advisable for cat bond fund managers to buy everything in the asset class. Icosa Investments commented on read the full article →
Elementum launches Njord Cat Bond Fund, with higher-yield US wind-focus
Elementum Advisors, LLC, the alternative investment manager that specialises in collateralized natural catastrophe event reinsurance investments, has announced the launch of a new higher-yield focused, multi-investor catastrophe bond fund strategy. The Elementum Njord Cat Bond Fund, Ltd. was launched on February 15th and will have a focus on investments into higher-risk read the full article →
American Integrity increases Integrity Re III cat bond target 69% to $550m
American Integrity Insurance Company has raised its target for reinsurance limit to be raised from its latest catastrophe bond to now $550 million, as the Integrity Re III Ltd. (Series 2025-1) deal upsized from an initial target of $325 million, but with now one higher-risk tranche dropped from the issuance. American read the full article →
Man AHL planning to launch UCITS catastrophe bond fund strategy
Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources. Man Group already invests in catastrophe bonds across alternative investment funds under its Man AHL arm, the unit that read the full article →
