Artemis Newsletter - February 5th 2025

Our news and analysis from the last week ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Web version |  Update preferences |  Forward Artemis Newsletter - February 5th 2025 Artemis News Log - $40bn+ LA wildfire loss could disrupt retro market and potentially ILS: SCOR's Conoscente - Cat bond price mark-down from LA wildfires expands, with new names in focus - PartnerRe promotes Theokli to Head of Group Retrocession - 2024 cat bond returns to consolidate value proposition, maintain attractiveness: Swiss Re - Tower Hill lifts target 75% to $175m for Winston Re 2025-1 catastrophe bond - LA wildfires trigger cat bond market's first-ever negative January return: Icosa - "Breakthrough" parametric ILS fund is "capacity for profitable growth" – GC&C / Descartes - Everest estimates net CA wildfire loss at 1% of industry, $350m – $450m - SCOR renewals: Risk partner capital rises. Retro dynamic. Cat premium flat, exposure up - Aon Insurance Managers hires Shreeve as Director of ILS North America - Fitch forecasts robust growth in alternative reinsurance capital for 2025 - American Integrity returns with $325m target for Integrity Re III catastrophe bond - Leadenhall hires PartnerRe's Thomas as Director within its business development team - Twelve Capital launches Parametric ILS Fund. Partners with Descartes / Generali for origination - Hannover Re vehicle Kaith Re issues $84m Seaside Re 2025 private cat bonds - ILS continues to be a 'boutique business' within reinsurance for Aon: Andersen - GeoVera secures its largest cat bond yet, as $450m Veraison Re 2025-1 priced - RenRe sees mid-year opportunity. ILS structures and JV's well-positioned: Execs - Sidecars help fuel renewal growth for reinsurers in EMEA, says Gallagher Re - Private ILS funds outpace cat bond funds in 13.10% ILS Advisers Index 2024 return - Cumulative catastrophe bonds & related ILS tracked by Artemis breaks $180bn milestone - Capital growth expected to outstrip demand in property cat reinsurance: Evercore ISI - IDF names Swiss Re's Menzinger Chair, OpCo, succeeding Rowan Douglas - Underlying ILS capital expands in 2024 as investors reinvest earnings: AM Best - SBAI releases new consultation on valuation standards for private market asset managers - Hiscox sponsoring second Ocelot Re cat bond with $200m target - Ariel Re Capital Partners completes first fund-raise, using London Bridge 2 transformer - CFO Keese to depart Lloyd's, remain advisor with focus on development of London Bridge - AXIS Capital's third-party capital partner fee income rises 39% in 2024 - Transformational expansion of risk transfer to capital markets needed to finance future crises - Argenta Private Capital & Helios launch capital efficient Lloyd's Starter Homes for 2025 - LA fires a tail event. Most of our US property cat programs loss impacted: RenRe CEO O'Donnell - Reinsurance capital to assume at least 30% of total insured losses from LA wildfires: Moody's - Two occurrence cat bonds believed affected by LA wildfires: Twelve Capital - Strong ILS market performance helps reopen retro market at 1/1: SI Re - RenRe works off $50bn LA wildfire industry loss, Chubb also appears to pick a high figure - MS Amlin grows Phoenix Re sidecar to $90m for 2025 - RenRe raised $238m ILS capital for 1/1, strong earnings flowed to investors in 2024 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 - Sold out   February 7th, 2025 We are sold out for our next catastrophe bond and insurance-linked securities (ILS) market conference in New York. Wait list open. 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. 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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