Here's our latest Friday wrap-up of key news from the week.
We added two new catastrophe bonds to the pipeline this week.
Kingstone Companies is seeking $100m in named storm reinsurance from a debut 1886 Re.
A Liongate Re cat bond also joined the pipeline, aiming for $100m of limit to provide earthquake reinsurance to Zenkyoren and entities of the Sparkassen-Finanzgruppe.
Meanwhile, Peak Re secured the targeted $50m of protection from its second Black Kite Re cat bond.
Louisiana Citizens secured its largest cat bond yet, with a $280m Bayou Re deal.
As too did Great American Insurance, with its Riverfront Re deal reaching $310m in size.
While insurer Palomar raised the target size for its latest Torrey Pines Re cat bond to as much as $525m, and Utica National is also looking to upsize its Genesee Street Re deal.
We also reported on the continued accelerated pace of catastrophe bond issuance in 2025, with the market now set to break the record for new cat bonds issued in the first five months of the year.
Registration is now open for our cat bond and ILS market conditions at mid-year 2025 live webinar. Sign up to attend.
In addition, Allstate is anticipating $123m in reinsurance recoveries from its aggregate cat bonds after recent severe weather activated the cover in the risk period that ended March 31st.
In other stories this week, we explored the emerging trend for sponsors to bring wind season cat bonds to market earlier in the year and paying a partial or full risk premium spread right from settlement.
We published the third video from our ILS NYC 2025 conference, a catastrophe bond focused panel discussion.
We also wrote that Zenkyoren's latest Nakama Re cat bond is the first ever to use an ADB note as a collateral asset.
Aon estimated Q1 insured catastrophe losses at $53bn, while Gallagher Re estimated it was $56bn.
RenaissanceRe raised $462m of third-party capital in Q1, but was hit by catastrophe losses from the wildfires and shared some of those with its investors.
While RenRe's CEO said there is no indication that reinsurance pricing is trending back to pre-2023 levels.
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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