Here's our latest Friday wrap-up of key news from the week.
More new catastrophe bonds appeared this week, as Core Specialty returned for a new Yosemite Re to protect its Starstone US entities.
BAM also returned for another Fidus Re financial guarantee cat bond.
Meanhwile, insurer American Integrity, insurer Security First, wind pool the NCIUA, and insurtech Kin, all finalised and priced what will become each's largest cat bond ever.
With all this catastrophe bond market activity, Artemis' measure for the size of the cat bond market surpassed $50bn for the first time.
California wildfire loss estimates continue to be announced, with State Farm saying it expects a $7.6bn gross loss, but with only $212m retained after reinsurance.
Berkshire Hathaway reported a wildfire loss of $1.3bn, Munich Re said its loss would be E1.2bn, while Swiss Re said its would be below $700m.
In other news this week, Hong Kong is planning to extend its ILS Grant Scheme for a further three years.
TWIA is set to need $4.227bn of reinsurance and cat bonds in-force for the 2025 wind season.
RenRe is raising private debt for DaVinciRe as the company looks to build-out its capital base further.
AXIS registered another collateralized insurer for its Monarch Point Re casualty ILS strategy.
Munich Re's retrocession and sidecar program has been renewed at stable levels for 2025.
Twelve Securis highlighted in a report that evolving catastrophe models and climate are driving an attraction to ILS for both sponsors and investors.
Finally, if you haven't seen them, Artemis has a wealth of data and analytics on the catastrophe bond and broader ILS market. View our charts and Deal Directory.
Catch up on our video interviews with ILS market leaders here.
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We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
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