Catch up on our top stories of the last week
Best of Artemis, week ending February 9th 2025 | | |  - Twelve Capital launches Parametric ILS Fund. Partners with Descartes / Generali for origination
Twelve Capital has launched its first parametric ILS fund, working with Lumyna Investments for infrastructure and distribution, and parametric specialist Descartes Underwriting alongside Generali's Global Corporate & Commercial arm for origination. - USAA estimates $1.8bn of losses from LA wildfires
Insurer USAA revealed that it has received more than 3,500 claims related to the California wildfires, with 86% of claims receiving initial payments of more than $1 billion, with the company projecting that its members' wildfire losses will reach roughly $1.8 billion. - Cat bond price mark-down from LA wildfires expands, with new names in focus
The mark-to-market impact to catastrophe bonds from the Los Angeles, California wildfires has risen, as a number of cat bond names saw further mark-downs on pricing sheets last Friday, while some aggregate cat bonds saw negative movements that had not done so before. - LA wildfires trigger cat bond market's first-ever negative January return: Icosa
Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market's benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund manager Icosa Investments AG. - $40bn+ LA wildfire loss could disrupt retro market and potentially ILS: SCOR's Conoscente
According to Jean-Paul Conoscente, SCOR Global P&C CEO, if insurance and reinsurance market losses from the Los Angeles wildfires reach or surpass $40 billion, the retro market could potentially face significant disruption throughout 2025. - Aon Insurance Managers hires Shreeve as Director of ILS North America
Aon Insurance Managers (IM), the unit of the global insurance and reinsurance broker that provides insurance management services, across commercial, captive and insurance-linked securities (ILS) vehicles, has hired Charlotte Shreeve as its new Director of ILS North America. - Leadenhall hires PartnerRe's Thomas as Director within its business development team
Leadenhall Capital Partners, the London headquartered specialist insurance linked securities (ILS) and reinsurance related investments manager, has hired experienced ILS fundraising executive Barthelemy Thomas as Director within its business development team, where he will report to Lorenzo Volpi, Managing Partner and Deputy CEO. - Cat Bond ETF liquidity Q&A: Brookmont Capital Management and King Ridge Capital Advisors
The awaited launch of the Brookmont Catastrophic Bond ETF is nearing and Artemis spoke with Ethan Powell, Principal & Chief Investment Officer of Brookmont Capital Management, LLC and Rick Pagnani, co-founder of King Ridge Capital Advisors LLC, to learn more about the strategy and their thoughts on how they see it developing. - Allstate expects $1.1bn, pre-tax, net of reinsurance loss from CA wildfires
Allstate expects its losses from the recent Los Angeles, California wildfires will be around $1.1 billion, pre-tax and net of reinsurance, which has implications for the erosion of aggregate Sanders Re catastrophe bond deductibles and may result in recoveries under its Nationwide excess-of-loss reinsurance tower. - Gallagher Securities promotes Bolding to CEO as Dubinsky transitions to Chairman
Gallagher Re has announced that insurance-linked securities (ILS) veteran Jason Bolding has been promoted to Chief Executive Officer (CEO) of Gallagher Securities, the firm's ILS and capital markets broker-dealer division, while Bill Dubinsky moves into the role of Chairman. | Featured Conferences & Events | Stay tuned for future Artemis ILS conferences We will soon be announcing dates for our next ILS market conferences in 2025. Stay tuned to be informed and ensure you can register early. | 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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