reinsurance

Insurance industry losses from the wildfires that impacted the Municipality of Jasper and Jasper National Park in Alberta, Canada between July 22 and August 17, 2024 are estimated to have reached CAD $1.31 billion, according to CatIQ, Canada’s insured loss and exposure indices provider.

Two new companies have been registered in Bermuda that use the name Radix Re, Artemis has learned, a non-life underwriting entity and a holding company structure. We suspect these entities may be for Radix Insurance Linked Strategies (Radix ILS), the Bermuda-based third-party capital manager and reinsurance capacity deployment company.

Broking giant Aon has reported that its organic revenue generated from insurance-linked securities (ILS) placements grew by double-digits in the second-quarter of 2025.

The executive leadership of Bermuda headquartered reinsurer RenaissanceRe have explained during an earnings call that the company has already recaptured most of the third-party reinsurance capital management fee income that had been deferred after the California wildfire loss activity experienced earlier in 2025.

Today it is our pleasure to reveal another wave of expert speakers set to appear at our upcoming catastrophe bond and insurance-linked securities (ILS) conference, Artemis London 2025. Held in London on September 2nd, the event will feature a full-day of in-depth discussion about the ILS market and valuable networking. Register to attend here.

Speaking during a second-quarter earnings call today, Kevin O’Donnell, CEO of Bermuda based underwriter and third-party reinsurance capital manager RenaissanceRe, said that he doesn’t see issues with capital wanting to enter the sector regardless of return.

Everest Group, the global insurance and reinsurance specialist, has appointed Jill Beggs to Executive Vice President (EVP) and Chief Executive Officer (CEO) of Reinsurance, a promotion from her previous role as Chief Operating Officer (COO) of the company’s reinsurance arm.

Catastrophe bond funds structured in the UCITS format continued to rapidly expand through the second-quarter of 2025, with the sector as a whole having grown its combined cat bond assets under management by an impressive 24%, or over $3.31 billion, just since the end of last year.

RenaissanceRe, the Bermuda headquartered reinsurance company and third-party capital manager, has reported that its Capital Partners business generated record fee income from its range of joint ventures and insurance-linked securities (ILS) funds in the second-quarter of 2025, while profits shared with investors in the vehicles also rose to one of its highest levels ever.

German reinsurer Munich Re has announced today that Dr. Christoph Jurecka, who is currently the company’s Chief Financial Officer (CFO), will become its new Chair of the Board of Management, succeeding Dr. Joachim Wenning who is set to retire.