Here's our latest Friday wrap-up of key news from the week.
This week the only 144A cat bond currently in the market, the LADWP's 123 Lights Re wildfire cat bond, saw price prioritised over size as the target reduced to $100m at a lower spread.
We reported that seasonality lifted cat bond market returns to one of the best July's ever.
Those same seasonal effects also lowered the cat bond market discount margin, reducing its current yield.
We revealed more speakers for our upcoming Artemis London 2025 conference and published an outline of the agenda for the day.
We also covered another Mangrove private cat bond this week, a $22.43m Series 2025-C1 issuance.
TWIA may consider early redemption of some cat bonds depending on how its reinsurance needs evolve in 2026.
Gallagher Re said that artificial intelligence (AI) can help to shorten catastrophe bond issuance timelines.
We also reported that Fermat Capital Management has shuttered the long-standing GAM FCM Cat Bond Fund as substantially all of the investors move to its newer offshore Fermat Cat Bond Fund.
The agenda outline is now available for our Artemis London 2025 conference. Register soon to join us at the conference.
In other stories this week, Munich Re's CEO said that price pressure from ILS capital is "non-existent" in reinsurance, seeing conditions as sustainably attractive.
Aspen reported accelerating fee income from its third-party capital management business, as AUM rose 9% to $2.4bn.
We reported on changes to Zurich's reinsurance now its new global aggregate cover is in place.
Blackstone backed a new life and annuity sidecar reinsuer for F&G.
Hiscox ILS raised $300m that was deployed largely into property cat risks in H1.
We were first to report that insurer Progressive added a parametric SCS reinsurance arrangement this year.
Analysts at Berenberg estimated that maintaining attachment points could be worth a 20-30% pricing benefit for reinsurers.
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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