Here's our latest Friday wrap-up of key news from the week.
Catastrophe bond market activity continues apace, with settled issuance now surpassing $15bn for the year and the market over 15% bigger than at the end of 2024.
This week in the cat bond market, we reported new issues launching from Canopius with a $125m Finca Re, AmTrust with a $100m Solis Re, and Vermont Mutual with a $200m Baldwin Re.
Of cat bond issues already in the market prior to this week, the Massachusetts MPIUA secured a 50% upsized $225m Mayflower Re deal.
Fidelis secured an upsized $90m of retro with its latest Herbie Re.
While The Hanover raised its target for its new Commonwealth Re cat bond to as much as $200m.
Also in cat bonds, we revealed more information about State Farm's record $1.55bn Merna cat bond sponsorship.
We also launched two new interactive charts, that help you analyse how cat bond offering pricing and sizes change over the course of their issuance.
There are now just a few Super Early Bird tickets left for our next conference, Artemis London 2025 on September 2nd.
Registration is still open for our cat bond and ILS market conditions at mid-year 2025 live webinar. Sign up to attend.
In other stories this week, the ILS Advisers Fund Index turned positive for the year after April on the back of another strong month of private ILS fund returns.
We reported that the GAM Star Cat Bond Fund UCITS strategy saw its AUM rise at the latest reporting of net asset values, halting a recent decline.
Peel Hunt analysts said that returns on capital remain very attractive in property cat reinsurance.
While Howden Re reported that the June 1 renewals saw property cat rates land between flat and down 20%.
Accelerant CEO Jeff Radke told us that the firms Risk Exchnage is one of the few opportunities for investors to gain "a fair slice of the whole book of business."
Laurent Montador, Deputy CEO of French reinsurer Arundo Re, told us that the 157 Re sidecar enhances the company's capability to allocate more capacity in targeted areas while strengthening alignment with investors.
We were first to report that Swiss pension GastroSocial has allocated 2% of the fund to ILS.
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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