Here's our latest Friday wrap-up of key news from the week.
Two new 144A catastrophe bonds began marketing this week, while issuance including the pipeline year-to-date already makes 2025 the second biggest year of cat bond issuance ever.
Everest returned with a new Kilimanjaro Re cat bond seeking $450m+ in retrocession.
While Ariel Re came back with another Titania Re deal, seeking $125m of limit including for wildfire risks.
We also revealed a new private cat bond deal, Koi Re, which we later learned was sponsored by Lilypad Insurance.
Also in cat bonds, The Hanover priced its new Commonwealth Re deal to provide $200m of reinsurance, while the CEA lifted its target for its new Ursa Re II deal, and Canopius secured its Finca Re cat bond renewal.
We also wanted to highlight that we have redesigned the holding page for our catastrophe bond market charts to make it easier for you to use.
There are now only a handful of 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 Vesttoo fraud saga returned as we reported first on a new case in Hong Kong where a China Construction Bank manager has been accused of accepting bribes from a Vesttoo employee.
The Florida State Board of Administration's ILS investments experienced a negative first-quarter of performance due to the wildfires and the SBA appear to be considering a new ILS fund allocation.
Broker Gallagher Re said ILS capital is helping replace capacity from major reinsurers that have reduced their participation in the MGA marketplace.
There were also a flurry of people moves this week.
Tangency Capital hired an investor relations specialist and have also recently added a new senior analyst as well.
Gallagher hired Ben Lyon as Head of Capital Advisory in London, and Chief Executive Officer (CEO) of Gallagher Securities Limited.
MultiStrat hired former Securis investor relations employee Weston Tompkins as its new Executive Director of Capital Markets.
Guy Carpenter has announced the hire of former Moody's Insurance Solutions cyber risk modelling and analytics specialist Damini Mago, as its new North American Head of Cyber ILS.
Aon has appointed Dan Hartung as global head of event response within its Risk Capital division.
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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