Catch up on our top stories of the last week
Best of Artemis, week ending April 6th 2025 | | |  - April reinsurance renewal sees softening trend continue, but discipline maintained
The April 1st 2025 reinsurance renewals are said to have seen a continuation of the gradual softening trend experienced at the start of the year, with reinsurance capital providers displaying strong appetites for growth still, but sources suggesting the overall outcome has remained disciplined. - Record $7.1bn first-quarter drives cat bond market growth to 17% year-on-year: Report
Catastrophe bond and related insurance-linked securities (ILS) market issuance reached a huge $7.1 billion for the first-quarter of 2025, which has driven the size of the outstanding market to a new all-time-high of $52.2 billion, Artemis' new quarterly cat bond market report shows. - Brookmont cat bond ETF trades over 150k shares totalling $3.03m, in first day
The Brookmont Catastrophic Bond ETF (ILS), saw 150,750 shares traded in its first day listed on the New York Stock Exchange (NYSE), resulting in $3.03 million of trading volume in dollar terms, which is well above the median for all exchange traded funds. - Early 2025 hurricane forecasts suggest seasonal activity aligned with 10-year average
There are now a number of long-range forecasts available for the upcoming 2025 Atlantic hurricane season and between them the indication is that meteorologists are anticipating a season about in-line with the recent historical ten-year average. - Swiss Re names Bachmann CEO SRILIM, as Bisping moves to CRO, Servatius now CIO
Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM), one of the specialist insurance-linked securities (ILS) fund management units of the global reinsurance firm, has a new Chief Executive Officer (CEO), as long-standing employee Bernard Bachmann stepped into the role this month, Artemis has learned. - Alternative reinsurance capital hit new $115bn high at end of 2024: Aon
The amount of alternative capital from insurance-linked security (ILS) and third-party investor sources in the global reinsurance market grew by 7% in 2024, to end the year at a new high of $115 billion, according to Aon. - Cat bond market yield stable at 10.43%, as seasonality and demand compete in March
The opposing forces of seasonality and demand continued to drive the overall yield of the catastrophe bond market sideways through March, ending the month at 10.43% so remaining relatively flat over the period, according to the latest data from Plenum Investments. - Porch complaint against Gallagher Re over Vesttoo fraud dismissed with prejudice
The lawsuit filed by Porch Group against broker Gallagher Re regarding the Vesttoo reinsurance letter of credit (LOC) collateral fraud has been dismissed with prejudice by the Texas court. But Porch has said it intends to continue to pursue recourse in the matter. - US property cat demand to rise ~$7.5bn at mid-year renewals, Florida taking up to $5bn: Aon
Aon's Reinsurance Solutions division forecasts increased demand for property catastrophe reinsurance protection in the United States at the key mid-year renewal season, with additional limit of as much as $7.5 billion expected to be sought out by cedants, much of which will be for risks in Florida. - AmRisc renews Trouvaille Re coastal E&S property sidecar at enlarged $580m
AmRisc, LLC, a coastal commercial property insurance specialist subsidiary of CRC Group, has renewed its E&S property focused collateralized reinsurance sidecar named Trouvaille Re Ltd. at an upsized $580 million for the coming year, with alternative investment firm Stone Point again in support, as well as fronting specialist MS Transverse. | Featured Conferences & Events | Conferences in 2025 and beyond? Please save these dates for upcoming Artemis conferences: Artemis London 2025 - September 2nd, 2025, London UK.
We will be at a new and larger venue in the centre of the City this year, with space for 300 or more attendees. Tickets will be on sale soon! Artemis ILS NYC 2026 - February 6th, 2026, New York City.
We will be back at our usual venue in Midtown NYC for our next installment of the ILS NYC event, with space for up to 450 attendees. | 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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