Catch up on our top stories of the last week
Best of Artemis, week ending May 4th 2025 | | |  - Northern Re raises $100m to accelerate growth in the casualty ILS market
Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced raising an additional $100 million from existing and new institutional investor partners. - Cat bonds structurally sound and increasingly attractive to investors: JANA
Catastrophe bonds are increasingly gaining ground with institutional investors and provide a compelling source of diversification and income at this time, according to Martin Rea, Senior Consultant at JANA Investment Advisers Pty Limited. - Allstate lifts Nationwide reinsurance tower to $9.5bn. Agg cat bonds attach at $4bn in 2025
Allstate has lifted the top of its main occurrence Nationwide Excess Catastrophe Reinsurance Program to a new high of $9.5 billion at its recent renewal, with catastrophe bond coverage a growing component, while its retention has also increased to now $1 billion across the tower. - New chart: First-time catastrophe bond sponsors by quarter and year
One of the data points we track related to catastrophe bond issuance is the number of debut cat bond sponsors that enter the market for the first time by quarter and year. We've created a new chart to allow our readers to visualise and analyse this trend in the cat bond sponsor-base. - Catastrophe bonds could make-up 70% of Florida Citizens reinsurance in 2025
With Florida's Citizens Property Insurance Corporation now aiming to upsize its new catastrophe bond issuance to between $1.4 billion and a record $1.525 billion in size, while its overall target for reinsurance has fallen slightly to $4.49 billion, once in-force cat bonds are added to the new issuance, the cat bond market could make up roughly 70% of its risk transfer in 2025. - Cat bond market repriced to lower margin: Arch CEO
Arch Capital Group CEO Nicolas Papadopoulo says downward repricing in the catastrophe bond market is creating pressure at the top of reinsurance programs, even as structural supply constraints in peak zones like Florida could temper broader softening across the mid-year renewals. - Brookmont cat bond ETF aims for deep diversification and risk-adjusted outperformance
The team behind the Brookmont Catastrophic Bond ETF (ILS) says its strategy is built on deep diversification and a long-term aim to outperform the broader catastrophe bond market on a risk-adjusted basis. - Utica National secures debut Genesee Street Re cat bond 21% upsized to $150m
Utica National Insurance Group has now successfully priced its debut Genesee Street Re Ltd. (Series 2025-1) catastrophe bond to provide a 21% upsized $150 million in US named storm and severe thunderstorm reinsurance protection, with the spread finalised at the mid-point of guidance. - Florida Citizens targets largest cat bond ever, with now up to $1.525bn Everglades Re II
Florida's Citizens Property Insurance Corporation is now targeting what could become the largest catastrophe bond issuance ever, as its target has lifted to between $1.4 billion and $1.525 billion of reinsurance from the new Everglades Re II Ltd. (Series 2025-1) issuance. - Hiscox ILS hires Ellison from Walkers as Head of Legal
Hiscox ILS, the dedicated ILS investment management arm of the global insurance and reinsurance group, has hired Jack Ellison, formerly of Walkers, as its new Head of Legal. | 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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