Here's our latest Friday wrap-up of key news from the week.
Catastrophe bond issuance keeps building and is already set to break the H1 record by a significant margin, making 2025 the third biggest year of cat bond issuance before the end of June.
This week, the CEA launched its latest cat bond, seeking $250m or more in California quake reinsurance.
We were first to report that State Farm secured a record amount of reinsurance from a single visit to the cat bond market, at $1.55bn across four series of notes.
We then learned that State Farm had secured this record amount of cat bond limit using three Bermuda SPI's including its two recently registered vehicles.
Also in cat bond issuance, Hannover Re secured the 50% upsized target for $150 million of retro with its latest deal, while Generali successfully renewed its second green cat bond on target and Allstate secured its targeted Florida deal.
Meanwhile, the MPIUA raised the size target for its latest cat bond, as did Fidelis with its new retro cat bond likely to upsize.
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, Artemis celebrated its 26th birthday earlier this month, with now over $192bn in cat bonds tracked.
SV SparkassenVersicherung's CEO spotlighted its new strategic partnership with Japan's Zenkyoren as a cornerstone of its first catastrophe bond.
The CEO of Kingstone Companies said its debut cat bond enhances its access to efficient, diversified capital and also helped manage its costs of reinsurance protection.
The June property cat renewals are expected to average down around 10%, but with significant variation between layers.
Blackstone added its first direct cat bond investment to a flagship multi-strat alternatives fund.
As investors consider their options amind market volatility, investment giant KKR cited insurance as an asset class for its diversification benefits.
Recent US severe weather, hails and tornadoes are expected to add billions in insured losses, with potential ramifications for some aggregate structures.
Mark Gibson from Schroders Capital highlighted the need for a continued focus on risk fundamentals and portfolio diversification as hurricane season approaches.
US weather agency NOAA said there is a 60% chance that the Atlantic hurricane season sees above-normal levels of activity this year.
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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