Artemis Newsletter - January 15th 2025

Our news and analysis from the last week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward Artemis Newsletter - January 15th 2025 Artemis News Log ILS NYC 2025 - Not long to go. Register now! - NFIP's Helene loss estimate rises to $6.75bn. Two cat bonds extended with partial repayment - UCITS cat bond funds grow 26% in 2024, end year with $13.8bn under management - Autonomous raises its LA wildfire loss estimate to $25bn, $18bn from Palisades fire - ILS NYC 2025: Announcing our final wave of expert speakers for the conference - Altor Re launches as reinsurance and ILS focused broker in London - Alternative capital growth to continue in 2025, given high returns for ILS: Thad Hall, Augment Risk - Northern Re hires former Munich Re exec Touahri, to advance casualty ILS strategy - California wildfires: Subrogation topic raised, as utilities come into focus - Canada insured catastrophe losses hit record C$8.5bn in 2024: CatIQ - ICEYE satellite analysis: Over 10,900 buildings likely destroyed in Palisades and Eaton fires - Hannover Re makes Jaramillo Associate Underwriter in Capital Markets & ILS team - Moody's announces acquisition of geospatial AI intelligence provider CAPE Analytics - BSX maintains position as ILS listings leader, with ~92% of cat bond market - ILS Advisers Index returns 1.03% for November 2024 with all funds positive - Catastrophe bond price movements due to LA wildfire exposure - Evercore ISI: LA wildfire insured loss $20bn-$25bn. Could be one event under reinsurance - LA wildfire losses to "notably exceed" $10bn, could approach $20bn: Gallagher Re - Mercury says LA wildfire losses to exceed reinsurance retention - ILS manager & investor success at matching risk returns vital for market growth: Dubinsky, Gallagher Securities - LA fires: "Considerable attachment erosion" likely for some aggregate cat bonds – Steiger, Icosa - Cat bond market yield falls back into single figures at 9.94%, spreads compress on demand - LA wildfires: Over 10k structures destroyed. Insured losses up to ~$20bn, economic $150bn - Munich Re estimates 2024 insured catastrophe losses at $140bn - LA wildfire losses unlikely to significantly affect cat bond market: Twelve Capital - LA wildfires unlikely to cause meaningful catastrophe bond impact: Plenum Investments - JP Morgan analysts double LA wildfire insurance loss estimate to ~$20bn - TD Insurance secures debut C$150m MMIFS Re cat bond priced at lowest-end - GeoVera targets largest Veraison Re earthquake cat bond yet, at $275m - Ark renews Outrigger Re sidecar for 2025 at slightly smaller $230m - QBE sees Bridge Street Re catastrophe bond as "important enabler": Killourhy - Swiss Re seeks $150m wind / quake retrocession from Matterhorn Re 2025-1 cat bond - American Coastal renews other perils reinsurance, adds new aggregate XoL coverage - John Neal to depart Lloyd's, join Aon as Global CEO, Reinsurance & Global Chairman, Climate Solutions - Despite tightening, cat bond spreads still around 280bps above US high-yield: Twelve Capital - LA wildfires bring aggregate cat bond attachment erosion into focus: Icosa Investments - Howden Capital Markets & Advisory hires Gallagher Re's Paul Poschmann as Vice President - Hard market structural changes likely to endure in reinsurance: Howden - Hannover Re seeks worldwide peril aggregate retro with $175m 3264 Re 2025 cat bond - CCR Re launches seventh 157 Re reinsurance sidecar, adds efficient collateral reuse feature For continuous coverage in real-time visit Artemis. For details of the latest catastrophe bonds visit our Deal Directory (containing over 1,000 entries.) Featured Conferences & Events ILS NYC 2025 - Register to attend!   February 7th, 2025 Registration is still open for our next catastrophe bond and insurance-linked securities (ILS) market conference in New York! Register soon - tickets selling fast! 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. The Reinsurance News website has over 200k readers every single month and it covers 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. 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