Jamaica cat bond marked near zero after Melissa landfall. Calculation process underway
Jamaica’s $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond notes were marked down to nearly zero by one pricing sheet team after major hurricane Melissa's landfall and the calculation agent process has already been activated by the Government of Jamaica, Artemis has learned. The expectation has always been that Jamaica's read the full article →
Aon reports “significant growth” of insurance-linked securities business in Q3
The expansion of catastrophe bond and insurance-linked securities (ILS) market activity in 2025 is driving higher earnings for bankers and brokers, with Aon reporting today that the third-quarter of 2025 saw its ILS business experiencing "significant growth" in revenue terms. Investment banks and broker-dealers have been raking in record-high levels of read the full article →
Blackstone to fund new Fidelis Partnership syndicate 2126 at Lloyd’s via London Bridge 2
Alternative investment giant Blackstone has partnered with The Fidelis Partnership on a new Lloyd's syndicate launch, with Blackstone set to fund Syndicate 2126 through the London Bridge 2 PCC insurance-linked securities (ILS) structure. Blackstone is not just funding this new Lloyd's syndicate, it is also set to act as asset manager read the full article →
Heightened competition expected at renewal as capital outstrips demand: SCOR CEO
Thierry Léger, CEO of global reinsurer SCOR, said this morning that it's too early to tell whether property catastrophe reinsurance remains attractively priced at the end of year renewals, but his company is anticipating heightened competition in the market as capital build-up outstrips still-rising demand. Reporting its third-quarter 2025 results this read the full article →
Hurricane Melissa estimated single-digit billion insured loss. Cat bond payout likely: Aon
In the weekly Impact Forecasting report from Aon, the company said that major hurricane Melissa's impacts on Jamaica are likely to drive economic and insured losses into the single-digit billions of dollars, while also confirming parametric structures are likely to respond due to the storms severity. The insurance and reinsurance broker read the full article →
Migdal Insurance sponsoring $100m Turris Re Israel earthquake cat bond
Migdal Insurance Company Ltd., an Israeli insurance, pension and financial service company, is the latest first-time sponsor entrant to the catastrophe bond market, as it targets $100 million of earthquake reinsurance covering exposure in Israel through a new Turris Re Ltd. (Series 2025-1) transaction, Artemis understands from sources. This year has read the full article →
Nephila fronted programs performing very well amid low cat activity: Markel CFO
Brian Costanzo, Chief Financial Officer at Markel, indicated that the business that is fronted for Nephila Capital through Markel Bermuda Ltd (MBL) is performing very well this year, given the low level of catastrophe losses experienced. Nephila Capital is the specialist reinsurance and insurance-linked securities (ILS) manager owned by Markel. In its read the full article →
ESMA UCITS cat bond issue “a kind of power struggle between national regulators” – Plenum’s Grieger
With some months now passed since the ESMA recommendation regarding the eligibility of catastrophe bonds within UCITS investment fund structures, Daniel Grieger of Plenum Investments has highlighted how national regulators are not all in agreement. The European Securities and Markets Authority’s (ESMA) made a recommendation in June to the European Commission read the full article →
Covéa secures €250m Hexagon IV Re 2025-1 cat bond, priced at bottom of reduced guidance
Covéa Group, the French mutual insurer, has now successfully priced its new Hexagon IV Re Ltd. (Series 2025-1) catastrophe bond issuance, securing the upsized target of €250 million in fully-collateralized reinsurance protection, while both tranches of notes were eventually priced at the bottom end of reduced guidance, Artemis has learned. Covéa read the full article →
RenRe grew Medici UCITS catastrophe bond fund to almost $400m by Sept 30th
Having launched its first UCITS compliant property catastrophe bond fund strategy earlier this year, the RenaissanceRe Medici UCITS Fund, the reinsurance company had grown the fund to almost $400 million in net assets by the end of the third-quarter of 2025. RenaissanceRe, the global reinsurer and third-party capital manager launched the read the full article →
