End of week Artemis update - December 12th 2025

A round-up of our ILS focused news from this week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward End of week Artemis update - December 12th 2025 End of week Artemis update Here's our latest Friday wrap-up of key news from the week. The cat bond market continues to fly, with three new deals and a raft of updates this week. RenaissanceRe returned for a $200m+ Mona Lisa Re, Germania Insurance entered the market for its debut cat bond Handshake Re, and Canadian insurer TD returned for its second MMIFS Re. Beazley secured the largest cyber cat bond yet as its PoleStar Re deal priced to provide $300m of reinsurance. The California FAIR Plan secured the largest wildfire cat bond ever, with its $750m Golden Bear Re now priced. AXA XL secured its latest retro cat bond, pricing the Galileo Re deal at $175m in size. Liberty Mutual also finalised its latest cat bond, securing an upsized $150m of protection. The Hartford, Farmers and AmFam also finalised their new cat bond issues, each benefiting from attractive market conditions. There were also updates this week to a number of other deals that have yet to price, including for: Progressive's aggregate deal; Beazley's nat cat bond; and Inigo's new Montoya. In other stories this week, Azimut Investments has been approved to launch a new UCITS cat bond fund. We revealed the second wave of speakers for our upcoming ILS NYC 2026 conference in New York. The Iowa Public Employees' Retirement System (IPERS) conceptually approved a new allocation to a Man AHL managed catastrophe bond fund. Michael Millette of Hudson Structured Capital Management told Jefferies analysts that the ILS market could grow another $10bn to $20bn in 2026. Galapagos Capital announced the issuance of up to R$100m in Insurance Risk Letters (LRS), the Brazilian regulatory regime version of insurance-linked securities (ILS). The decline in cat bond market yields slowed in November, while UCITS cat bond funds averaged 9.60% for the year by the end of that month. Allianz and Oaktree Capital Management are partnering on a sidecar-like reinsurance syndicate in the Lloyd's market. Ledger Investing announced the launch of casualty ILS focused SaaS platform Korra. Finally, if you haven't seen them, Artemis has a wealth of data and analytics on the catastrophe bond and broader ILS market. View our charts and Deal Directory. Catch up on our video interviews with ILS market leaders here. If you prefer to listen, subscribe to our podcast series for audio interviews & additional special episodes. We'll be back next week with more regular coverage. We hope you have a safe & relaxing weekend. Featured Conferences & Events Artemis ILS NYC 2026 - February 6th, 2026, New York City   We return to our usual venue in Midtown NYC on February 6th 2026, for the next installment of our popular ILS NYC event. We will have space for up to 450 attendees to join us. Tickets are selling fast! Register soon to secure your place at ILS NYC 2026! Reinsurance News Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. This single daily email contains the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. Sign up here to receive your daily Reinsurance News. Stay in touch with Artemis Please get in touch if you would like to submit news, events or information for publication. We welcome submission of useful market data which we can publish to help expand your reach. Advertising and sponsorship opportunities are available. With a large audience of 60,000+ readers every month Artemis is the perfect place to showcase your specialty to ILS industry professionals. Contact us for more details. You can unsubscribe from these newsletters at any time using the link at the foot of this email. We hope you won't and promise to only send market update and news, or relevant updates related to our services. Best wishes and enjoy Artemis. Steve Evans. Owner, Editor - Artemis E-Mail: steve@artemis.bm Tel: +44(0)7711-244697 If you enjoy this newsletter and find it useful please pass it on and share it with your colleagues. If you've been forwarded this but want to subscribe, visit artemis.bm.     Our Sponsors               ADVERTISE YOUR BRAND OR SERVICES HERE DEAL DIRECTORY View details of almost 1,000 catastrophe bonds and related ILS deals CHARTS & VISUALISATIONS View our range of catastrophe bond market charts and visualisations CAT BOND MARKET REPORTS Download our quarterly cat bond market reports VIDEOS & PODCASTS Watch video interviews, panel discussions and listen to our podcast EVENTS CALENDAR View details of and register for our next ILS market conferences

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	Forwarded this email? Subscribe here for more What you have available. It's more than you think. Matthew Fried Dec 12   READ IN APP   About a year after my daughter was born our family moved out of our small city apartment and into a home in the suburbs. This added 2+ hours to my daily commute. I did not let that stop me from continuing to workout. I built a gym in my garage to remove the need to go to an outside gym. You don’t need to do that, however. In fact, you don’t need any equipment at all. If you do want some, you can get very strong with very little equipment, as little as one kettlebell. So, it’s not about whether or not you have a garage gym or a long commute. It’s about what you choose to do with what you have available. Men’s Group • LinkedIn • Instagram • X   Like Comment Restack   © 2025 Matthew Fried 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe