Japan Post Insurance could invest up to $2bn in new Global Atlantic reinsurance sidecar
Japan Post Insurance is considering making an investment of as much as $2 billion into a new reinsurance sidecar-like co-investment vehicle to be sponsored by U.S. life, retirement and annuities insurance and reinsurance company, Global Atlantic Financial Group. The company said it anticipates owning more than 50% of the reinsurance investment read the full article →
Best of Artemis, week ending March 2nd 2025
Here are the ten most popular news articles, week ending March 2nd 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 →
Artemis’ measure of catastrophe bond market size surpasses $50bn for the first time
For the first time since we've been tracking the catastrophe bond marketplace, Artemis' measure for the size of the market, based on our estimate of catastrophe bond risk capital outstanding, has surpassed the $50 billion mark, as 2025 issuance continues to outpace the heavy maturity schedule. As of Thursday 27th February read the full article →
SageSure proud to support carrier partners, CEO McLean says, as its largest cat bond closes
Coastal property managing general underwriter SageSure's CEO said it is "proud to support" its carrier partners, as its largest catastrophe bond transaction yet closes, the $520 million Gateway Re Ltd. (Series 2025-1), while executives also expressed gratitude to the insurance-linked securities (ILS) community for supporting the Gateway Re series. SageSure returned read the full article →
Kin secures 50% upsized $300m Hestia Re 2025-1, its largest cat bond yet
Artemis has learned that direct-to-consumer insurtech company, Kin Insurance, has now successfully priced its latest catastrophe bond transaction, securing the 50% upsized target of $300 million of Florida named storm reinsurance protection from the Hestia Re Ltd. (Series 2025-1) issuance, which marks the company's largest cat bond yet. At the same read the full article →
Aspen Capital Markets fee income grew 25% to $169m, as AUM hit $2.2bn in 2024
Aspen Capital Markets, the third-party, ILS and alternative reinsurance capital management unit of global re/insurer Aspen, has continued to expand its business throughout 2024, with assets under management reaching a new high of $2.2 billion and fee income earned for the year rising by 25%. The companies multi-line of business approach read the full article →
NCIUA secures its largest cat bond at $600m, as Cape Lookout Re 2025-1 priced
The North Carolina Insurance Underwriting Association (NCIUA) has now secured its largest catastrophe bond yet, as the Cape Lookout Re Ltd. (Series 2025-1) issuance has been priced at the almost doubled $600 million issuance size, while pricing of the notes was finalised just below the mid-point of initial guidance, Artemis read the full article →
TD Insurance’s debut cat bond could attract more Canadian sponsors: Morningstar DBRS
With TD Insurance (TDI) successfully sponsoring the first catastrophe bond covering only perils in Canada this year, the debut issuance from the organisation could potentially make cat bonds more attractive to other Canadian insurers in the future, according to analysts at Morningstar DBRS. In January, TD Insurance, part of Canada’s TD read the full article →
RenaissanceRe added $860m or 12% in third-party capital in last year to hit $7.81bn
Over the twelve months to January 1st 2025, Bermudian global reinsurer and third-party reinsurance capital manager RenaissanceRe added $860 million in third-party assets to its range of joint-venture vehicles and ILS funds, taking overall third-party capital to $7.81 billion. That's an increase of 12% over the year to January 1st, which read the full article →
Hong Kong ILS Grant Scheme to be extended again, this time by three years
The government of Hong Kong is budgeting for a further three year extension to its Pilot ILS Grant Scheme, as the Special Administrative Region continues to target bringing catastrophe bond and insurance-linked securities (ILS) issuance to its financial market. Hong Kong aims to continue developing its still nascent insurance‑linked securities (ILS) read the full article →
