Catch up on our top stories of the last week
Best of Artemis, week ending February 2nd 2025 | | |  - LA fires a tail event. Most of our US property cat programs loss impacted: RenRe CEO O'Donnell
The Los Angeles, California wildfires are a tail event for the peril and will demonstrate the continued and growing relevance of reinsurance, according to RenaissanceRe CEO Kevin O'Donnell, who also explained today that "most of our US property catastrophe programs are loss impacted." - Cumulative catastrophe bonds & related ILS tracked by Artemis breaks $180bn milestone
Since the very first deal came to market almost three decades ago, the cumulative value of catastrophe bonds and related insurance-linked securities (ILS) we've analysed and tracked has now surpassed $180 billion of issuance, according to our Artemis Deal Directory. - Aetna secures sixteenth Vitality Re health ILS as largest ever at $250m
Aetna, the health, medical and benefits insurance unit of CVS Health, has now finalised the details of its sixteenth health and medical benefit claim linked insurance-linked securities (ILS) deal, securing the targeted $250 million of reinsurance from the Vitality Re XVI Ltd (Series 2025) issuance and making it the largest Vitality Re deal yet. - Hiscox sponsoring second Ocelot Re cat bond with $200m target
Hiscox Group is back in the catastrophe bond market seeking $200 million in retrocessional North American peak peril reinsurance protection from the capital markets with an Ocelot Re Ltd. (Series 2025-1) issuance. - Two occurrence cat bonds believed affected by LA wildfires: Twelve Capital
Twelve Capital has said that it believes two per-occurrence catastrophe bond structures are likely affected by the loss impact of the Los Angeles, California wildfires at this stage, while the impact of aggregate erosion for other cat bonds is still being assessed. - Radix Insurance Linked Strategies (Radix ILS) launched by former-Hamilton exec Hanni Ali
Radix Insurance Linked Strategies (Radix ILS) has been founded by former Hamilton ILS executive Hanni Ali as a new Bermuda-based third-party capital manager and reinsurance capacity deployment company with a technology-first focus. - Montauk Point launched by Szakmary to provide independent strategic advice to third-party capital
Montauk Point has been launched in Bermuda by well-known reinsurance industry executive Adam Szakmary to provide independent advisory services to third-party risk capital providers. - Securis hires Armand Foy from Pillar to boost North American distribution
Securis Investment Partners, the London-headquartered specialist insurance-linked securities (ILS) investment manager, has announced the hiring of Armand Foy to the role of Investor Relations (North America). - Reinsurance capital to assume at least 30% of total insured losses from LA wildfires: Moody's
Based on preliminary insured loss estimates, the reinsurance sector and its capital providers are expected to assume at least 30% of total insured losses from the Palisades and Eaton wildfires in Los Angeles, according to analysts at Moody's. - Renewed interest in cat bonds indicates favourable market entry point for new sponsors: Acrisure Re
A renewed interest in catastrophe bonds is being seen across the insurance-linked securities (ILS) market, as spreads have started to become more "attractive", which indicates a favourable market entry point for new sponsors, according to Sandro Kriesch, Head of Insurance-Linked Securities (ILS), and Sophie Worsnop, Assistant Vice President, Acrisure Re Corporate Advisory & Solutions (ARCAS). | Featured Conferences & Events | 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. | Stay in touch with Artemis | | | | |
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