Artemis Newsletter - January 22nd 2025

Our news and analysis from the last week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward Artemis Newsletter - January 22nd 2025 Artemis News Log ILS NYC 2025 - Not long left to register to attend! - Fermat Capital Management hits milestone $10bn cat bond and ILS assets managed - New capital & ILS to support growth of the cyber market: Johansmeyer, Price Forbes Re - ILS NYC 2025: With over 200 organisations attending, who can you meet? - Catastrophe bond prices move again on LA wildfires, ~$200m write-down so far - UK ILS regime changes a priority for competitiveness & growth: PRA CEO Woods - Annual insured catastrophe loss new normal of $150bn approaching: Gallagher Re - Swiss Re's target for Matterhorn Re 2025-1 cat bond lifted to as much as $225m - Mercury says TBC whether LA wildfire losses one event or two under its reinsurance - Brookmont Cat Bond ETF definitive prospectus filed. NYSE ticker to be ILS - Cat bond index falls -0.27% on wildfires, market implies roughly $30bn industry event: Plenum - LA wildfires: 17,027 structures damaged or destroyed. Insured loss estimates avg $32.5bn - SageSure seeks $410m first/second event Gateway Re 2025-1 cat bond, largest yet - LA wildfires: Moody's RMS estimates insured losses to-date of $20bn to $30bn - Lloyd's reaches $1.92bn of capital deployed through London Bridge ILS platform - Tower Hill seeks second Florida named storm cat bond, $100m Winston Re 2025-1 - CEA targets $200m of quake reinsurance with Ursa Re 2025-1 catastrophe bond - Previsico and Descartes partner on sensor / forecast based UK parametric flood cover - Cat bonds & ILS continued to dominate Bermuda re/insurance registrations in 2024 - ILS market remains attractive and should deliver strong returns in 2025: Cambridge Associates - LA wildfires: Gallagher Re estimates industry insured losses at $20bn to $30bn - LA wildfires: CoreLogic initial insured loss estimate is $35bn to $45bn - ILS NYC 2025: Announcing our full conference agenda. Register soon if you want to attend - Amundi US cat bond fund returned 14.27% in year to Oct 31st, AUM growth continues - Howden names Kusche Chairman, HCMA, Europe. Rosenberg becomes Co-Head of Global ILS - Fermat announces new range of commingled ILS strategies, two investor relations hires - Retro demand broadly stable at 1/1, but increased capacity shifted dynamics: Gallagher Re - CEA mulls second-event tower, with potential role for reinsurance / cat bonds - FEMA renews $757.8m of NFIP flood reinsurance for 2025, gets broader market participation - Alternative capital can provide wildfire capacity, but pricing a sticking point: Morningstar DBRS - Stone Ridge marks mutual cat bond / ILS funds the most on LA wildfires - Euler ILS Partners puts wildfire industry loss at $15bn-$17bn, highlights BI / ALE uncertainty - Elementum launches Enhanced Yield Strategy, expands collateralized reinsurance investment range - Wildfire losses may cause re/insurance pricing to firm as payback sought: Berenberg - BMS says LA wildfire insured losses likely to exceed $25bn. KBW analyses up to $40bn - Polo Insurance Managers launches Guernsey-based reinsurer Clockwork Re 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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