Here's our latest Friday wrap-up of key news from the week.
Catastrophe bond market activity remains brisk and we reported this week that the first-half issuance record has already been broken.
Just one new deal emerged this week as insurer The Hanover returned with a $150m Commonwealth Re 2025-1 cat bond.
Meanwhile, the Liongate Re cat bond secured its targeted $100m of Japan indemnity and German parametric quake reinsurance.
Kingstone Companies secured an upsized $125m of limit with its new 1886 Re cat bond pricing.
While Hannover Re's target for its new 3264 Re cat bond rose to an upsized $150m.
Also in cat bonds, we dived into the details of the NCIUA's recent cat bond deal, which featured an innovative integration of disaster resilience features.
We also reported that two new Bermuda SPI's have been registered that both use the Merna Re name, so are presumably for US insurer State Farm's future use for cat bonds or other ILS arrangements.
Registration is still open for our cat bond and ILS market conditions at mid-year 2025 live webinar. Sign up to attend.
You can also now register for a Super Early Bird ticket to attend our next conference, Artemis London 2025 on September 2nd.
In other stories this week, we spoke with Siena Capital about the start-ups plans to launch a daily pricing platform for catastrophe bonds.
We published the next video from our ILS NYC 2025 conference, a discussion titled "The casualty ILS investment opportunity".
Reporting from the IRLA conference in Brighton, it was clear the legacy market sees an opportunity to collaborate with alternative capital and ILS.
We were first to report that former Ontario Teachers' exec Philippe Trahan has teamed up with former Blackstone exec Daniel Miller to launch a new venture named Calidris Investment Partners.
We also reported first that asset manager Stone Ridge is set to liquidate its Post-Event Reinsurance Fund structure.
Losses to the Florida Hurricane Catastrophe Fund (FHCF) from hurricanes Helene and Milton in 2024 are set to come in lower than estimates.
Leadenhall Capital Partners' Nectaris Re and LGT ILS Partners' Lumen Re both had their ratings affirmed by AM Best.
Conduit Re evolved its retrocession program with new puchases, which CEO Neil Eckert said is designed to complement the firm's peak peril cover.
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.
If you prefer to listen, subscribe to our podcast series for audio interviews & additional special episodes.
We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
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