Bermuda Monetary Authority confirms plans for parametric SPI consultation
The Bermuda Monetary Authority (BMA) has confirmed that it plans to release a consultation paper in the fourth quarter of 2025 regarding the establishment of a new special purpose insurer (SPI) that will primarily focus on the use of parametric triggers. We reported earlier this month that the BMA was in read the full article →
One William Street targets second price reduction for $135m Meadows cat bond
The price guidance has been reduced a second time for the debut Meadows Ltd. (Series 2025-1) catastrophe bond for One William Street Capital Management, L.P., while the deal is still targeted to secure a slightly upsized $135 million in US named storm retrocessional reinsurance protection for the investment manager, Artemis read the full article →
TWIA Board approve new catastrophe model weights, 2026 PML expected $4bn – $4.5bn
At a meeting of the Texas Windstorm Insurance Association (TWIA) Board today, the recently proposed new weighting methodology for a blending of catastrophe risk models to derive the 1-in-50 year PML was approved. If TWIA opts to buy reinsurance and catastrophe bond risk transfer up to its new 1-in-50 year statutory prescribed read the full article →
W. R. Berkley hits record $482m in Lifson Re sidecar ceded premiums in Q3’25
US-headquartered insurance holding company W. R. Berkley Corporation has continued to expand its use of its Lifson Re collateralized reinsurance sidecar through the third quarter of 2025, with written premiums ceded to the sidecar rising 53% year-on-year to $482 million, the highest level the company has recorded to date. As a read the full article →
Vantage expands Partnership Capital platform & reinsurance division with key promotions
Bermuda headquartered re/insurer Vantage Risk has expanded its leadership team with a number of key promotions across its Reinsurance division and Partnership Capital platform, including Brant Loucks, who has been promoted to Managing Director, Partnership Capital & ILS. Since joining Vantage in 2024, Loucks has played a crucial role in enhancing read the full article →
Nephila Capital assets under management rose $600m in a year to $7.6bn
Nephila Capital, the specialist insurance-linked securities and catastrophe reinsurance investment manager had a successful twelve months of capital raising, with its assets under management (AUM) rising by $600 million to reach $7.6 billion as of September 30th 2025, Artemis can report. When Nephila Capital's AUM was last reported by its parent read the full article →
Soft property re/insurance a “pricing correction” after market over-reacted: Aon’s Peiser
The insurance and reinsurance market over-reacted in the fourth-quarter of 2022 and now with property pricing softening across the board, Aon's Joe Peiser, Chief Executive Officer of Commercial Risk Solutions, has said the broker would characterise this soft market as a "pricing correction." Peiser explained in Aon's latest Global Insurance Market read the full article →
CEA seeks $600m Ursa Re II 2025-2 cat bond to grow capital markets quake reinsurance
The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its third issuance this year and with an initial target to secure $600 million in fully-collateralized earthquake reinsurance from this Ursa Re II Ltd. (Series 2025-2) issuance it could become one of its largest cat bonds read the full article →
Cat bond market yield falls to 8.81% at Oct 31st 2025, risk spreads lowest since Nov 2019
The overall yield of the catastrophe bond market declined to 8.81% as of October 31st 2025, falling back to levels last seen in June 2022, while the insurance risk spread, or discount margin, has now declined to its lowest point since November 2019, the latest data from Plenum Investments shows. Seasonal read the full article →
Singapore to extend ILS grant scheme to cover non-APAC cat bond risks again
Having made its insurance-linked securities (ILS) grant scheme more restrictive back in 2023, to only offer the grant to catastrophe bonds or ILS covering regional risks from Asia Pacific, Singapore is reversing that move and expanding the ILS grant offering once again to cover cat bond risks from other locations read the full article →
