Reinsurance News
insurance-linked securities
Insurance-linked securities (ILS) are a specialist asset class where capital market investors allocate to instruments exposed to insurance and reinsurance risks.
Read our insurance-linked securities news and analysis below.
Q2 2025 cat bond issuance hits record $10.5bn: Artemis
3rd July 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond and total 144A cat bond and related ILS issuance, ... Read the full article
Retained earnings lift global reinsurer capital to record $720bn in Q1’25: Aon
1st July 2025
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion, driven by growth in traditional capital as the alternative portion remained at a record high. In 2024, global reinsurer capital grew by ... Read the full article
ILS and collateralised reinsurers dominate Florida Citizens 2025 renewal
24th June 2025
Final lines for Florida Citizens Property Insurance Corporation's 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead. Yesterday, we reported that Citizens, Florida's insurer of last resort, had successfully secured ... Read the full article
Reminder: Register for the Artemis live webinar on cat bond and ILS market trends at mid-year 2025
10th June 2025
Artemis, our insurance-linked securities (ILS) focused sister publication, is hosting a webinar on June 17th, 2025, at 10am EST in the US (3pm BST UK), in collaboration with Computershare, during which market experts will discuss the state of the catastrophe bond and related ILS sector at mid-year 2025. Read the full article
IRB(Re) sponsors Brazil’s inaugural ILS transaction, R$33.7m Andrina
30th May 2025
Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer's surety bond portfolio. This issuance of the first ILS transaction in Brazil comes after ... Read the full article
Slide secures its largest cat bond yet with $250m Purple Re
16th May 2025
Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 cat bond was offered in two separate fully collateralised classes of $125 million, ... Read the full article
Register for Artemis’ live webinar on the state of the cat bond and ILS market at mid-year 2025
8th May 2025
Registration is open for a live and free-to-attend webcast hosted by Artemis, our insurance-linked securities (ILS) focused sister publication, in collaboration with Computershare, which will delve into the state of the catastrophe bond and related ILS marketplace at mid-year 2025. This webinar, which will last for approximately ... Read the full article
Artemis webinar: Cat bond and ILS market conditions at mid-year 2025
16th April 2025
Our insurance-linked securities (ILS) focused sister publication, Artemis, has partnered with Computershare to host a live webinar during which speakers will discuss catastrophe bond and ILS market conditions at mid-year 2025. Registration is open for this live and free-to-attend webcast, which will be held at 10am EST ... Read the full article
Record Q1’25 cat bond issuance of $7.1bn the second largest single quarter ever: Report
14th April 2025
The catastrophe bond and related insurance-linked securities (ILS) market witnessed a huge $7.1 billion of issuance in the first quarter of 2025, a new record for the period, which helped take the outstanding market size to a new high of $52.2 billion, according to Artemis' data. The ... Read the full article
SCOR gets $240m of retrocession protection with latest cat bond
10th April 2025
French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capital DAC (Series 2025-1) is the nineteenth cat bond from SCOR under the Atlas ... Read the full article
Sutton National & Bamboo complete reinsurance renewal with new sidecar & cat bond
8th April 2025
Property and casualty insurer Sutton National and Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., have announced the completion of Bamboo's reinsurance programme, which includes a debut catastrophe bond and the execution and funding of a 2025 sidecar transaction. As listed on our insurance-linked securities (ILS) focused ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
Kin secures $300m of Florida named storm reinsurance
25th March 2025
Kin Interinsurance Network, one of the reciprocal exchanges managed by digital home insurance provider Kin, has closed a $300 million catastrophe bond transaction through Hestia Re Ltd. According to Kin, the new cat bond, which provides multi-year indemnity-based protection against named storms in Florida, was upsized 50% from the initial 2025 ... Read the full article
Twelve Capital, Generali, Descartes partner on Parametric ILS Fund
3rd February 2025
Twelve Capital and Lumyna Investments, part of Generali Investments, have launched the Lumyna – Twelve Capital Parametric ILS Fund, designed to provide diversification, enhanced returns, and de-correlated performance by investing in innovative parametric insurance transactions. Backed by a prominent European institutional investor, the fund will partner with fintech leader Descartes Underwriting ... Read the full article
MS Amlin completes Phoenix Re sidecar renewal, lifts capacity to $90m for 2025
29th January 2025
Insurer and reinsurer MS Amlin has renewed its Asian-focused insurance-linked securities (ILS) sidecar, Phoenix Re, for the fifth consecutive year, increasing the available collateralised capacity to over $90 million, the company has announced. The Phoenix Re sidecar vehicle provides the re/insurer with quota share support for its reinsurance book in Asia ... Read the full article
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