reinsurance

Issuance of catastrophe bonds and related insurance-linked securities (ILS) approached a massive $10.5 billion for the second-quarter of 2025, growing the outstanding cat bond market by $4.6 billion to a new end of quarter high of $56.7 billion, Artemis’ new quarterly cat bond market report shows.

SageSure is now targeting slightly reduced pricing for its latest catastrophe bond, with the target remaining to secure $100 million or more in U.S. named storm reinsurance, from the Gateway Re Ltd. (Series 2025-3) issuance, that will protect the Aurous and Elevate reciprocal exchanges, Artemis has learned.

The global reinsurance sector has entered the second half of 2025 with strong momentum, driven by a potent mix of capital inflows, favourable underwriting conditions, and robust investor returns, according to reinsurance broker Guy Carpenter.

Accelerant Holdings, the tech-focused company that helps its members exchange or transfer risk more effectively, while connecting them with long-term capital, has upsized and renewed its Flywheel Re collateralized reinsurance sidecar, securing meaningfully increased capital backing from core investor Barings, LLC in the process.

A wave of alternative capital, led by a record-setting surge in catastrophe bond issuance, helped reinsurers meet growing demand without pushing prices higher at the July 1 renewals, according to Gallagher Re, as cedants secured improved terms in property and specialty lines.

Cedar Trace, the Bermuda-based insurance, reinsurance, and asset management group formerly operating under the Mereo brand, has made three senior appointments to its insurance-linked securities (ILS) platform.

Australian primary insurance giant Suncorp Group has purchased a smaller reinsurance tower at the mid-year 2025 renewals and despite having spent time assessing alternative reinsurance structures, at this stage there appears to have been minimal change to its protection buying strategy.

Cedar Trace Group, the Bermuda based insurance, reinsurance and asset management specialist, has established a partnership with Austin, Texas based fixed income and alternative solutions manager Sage Advisory Services Ltd. Co., to deliver insurance-linked securities (ILS) enhanced credit opportunities to investors.

Global reinsurance capital outpaced demand at the 2025 mid-year renewals, fostering a more competitive environment for buyers, according to Aon. The firm also estimated that insurance-linked securities (ILS) capital remained stable at $115 billion as of the end of the first quarter, underscoring the ongoing strength and resilience of alternative capital sources.

Across the insurance-linked securities (ILS) fund sector the month of May 2025 was a positive one, with the average across all private ILS and catastrophe bond funds tracked by the ILS Advisers Fund Index reaching a +0.79% return for the period.