USAA gets upsized $400m Res Re 2025-2 cat bond with meaningfully reduced pricing
Insurer USAA has secured its upsized $400 million target for multi-peril per-occurrence reinsurance from its latest catastrophe bond issuance, as the Residential Reinsurance 2025 Limited (Series 2025-2) deal has now been priced with its spreads finalised at the low-ends of their twice-reduced guidance. USAA ventured back into the cat bond market read the full article →
Hannover Re secures upsized $240m Acorn Re parametric cat bond priced below guidance
The sixth transaction in the Acorn Re parametric earthquake catastrophe bond series from global reinsurance firm Hannover Re has now been finalised so that this Acorn Re Ltd. (Series 2025-1) transaction will provide $240 million of protection, while the spread paid to noteholders will be below the initial price guidance. As read the full article →
Best of Artemis, week ending October 19th 2025
Here are the ten most popular news articles, week ending October 19th 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 →
Dedicated reinsurance capital expected to reach $650bn by end of 2025: Doyle, MMC
Speaking during Marsh McLennan’s Q3 2025 earnings call, John Doyle, President of the firm said that dedicated reinsurance capital is projected to reach $650 billion by the end of 2025, while also stating that the reinsurance market remains resilient in the face of elevated nat cat losses, geopolitical instability and read the full article →
Federal lawsuit against Wander, 777 et al highlights misuse, double-pledging of collateral
Investment firm 777 Partners and its co-founders including Josh Wander are facing fraud charges filed against them by the US Securities and Exchange Commission (SEC), in a lawsuit that alleges misuse of funds and collateral, while also highlighting the double-pledging of assets that should have backed a lending facility. Wander et read the full article →
Integral ILS hires Walsh from Artex as Financial Controller
Integral ILS Ltd., an independent alternative investment manager focused on natural catastrophe insurance and reinsurance investments, has appointed Kenny Walsh in Bermuda, who joins the organisation as a Financial Controller. Walsh was most recently working at Artex Risk Solutions, a Bermuda-based firm that specialises in risk management and alternative risk solutions, read the full article →
Cat bonds & ILS funds projected to see biggest increases in demand: Moody’s
As per a survey by Moody’s Ratings, over the next year, reinsurance buyers have indicated a strong preference for catastrophe bonds when it comes to utilising alternative capital, while insurance-linked securities (ILS) funds are expected to see increased demand too. Each year in advance of the annual Monte Carlo Rendez-Vous event, read the full article →
London Bridge 2 has become a ‘really attractive’ place for third-party capital: Turk
Speaking today during Aon’s Navigating Market Cycles panel, Rachel Turk, Chief Underwriting Officer at Lloyd’s of London, the specialist insurance and reinsurance marketplace, said that the market’s London Bridge 2 PCC insurance-linked securities (ILS) structure has become an attractive place for third-party capital. London Bridge 2 PCC, is a regulated insurance-linked read the full article →
Global insured natural catastrophe losses reach $114bn after lightest Q3 in decades: Aon
According to insurance and reinsurance broker Aon, global insured losses from natural catastrophes reached $114 billion after one of the lightest (in loss terms) third-quarters in decades, thanks in part to the quiet hurricane season. Economic losses from natural catastrophes in Q3 2025 were "exceptionally low" Aon explained, with global economic read the full article →
Price guidance slashed a second time for USAA’s new Residential Re 2025-2 cat bond
We're told that insurer USAA is targeting even lower pricing for its new multi-peril per-occurrence catastrophe bond issuance, the Residential Reinsurance 2025 Limited (Series 2025-2) deal, with the guidance for both tranches of notes on offer reduced for a second time. USAA returned to the cat bond market at the end read the full article →
