Here's our latest Friday wrap-up of key news from the week.
In the catastrophe bond market this week, we saw Covéa return seeking €200m or greater in fully-collateralized reinsurance protection with a Hexagon IV Re 2025-1 deal.
USAA increased the target size and slashed the price guidance twice for its new Residential Re 2025-2 cat bond.
While, the sixth transaction in the Acorn Re parametric earthquake catastrophe bonds from global reinsurance firm Hannover Re also now looks set to upsize and price down.
We broke the news that quant and systematic investment manager QRT has hired Dr. John Ery, an experienced ILS portfolio manager from reinsurance firm SI Re.
Rest Super grew its allocation to catastrophe bonds through Twelve Securis over the last year to around US $242m.
Michael Stahel, Partner and Portfolio Manager at LGT ILS Partners told us that his firm expects any new cat bond fund structure that emerges after the ESMA recommendation would still remain available to the same investors as UCITS.
In other stories this week, we attended and covered the ILS Bermuda Convergence 2025 conference, which was held from Monday to Wednesday.
One panel at the event said the institutionalisation of ILS and continuing efforts in educating investors remain key.
Another discussed where new pockets of capital are coming into ILS space from, with pensions highlighted as being a main source of additional capital.
It was announced that the Bermuda Monetary Authority (BMA) is currently in the final stages of implementing a new special purpose insurer (SPI) class that will primarily focus on the use of parametric triggers.
A cyber cat bond panel explored whether it will reach peak peril status, while emphasizing that ongoing efforts in educating remain key as the cyber market continues to grow.
In addition, a panel of ILS and reinsurance industry senior leaders highlighted Bermuda's ability to stay ahead, through its reputation for adaptability, collaboration and foresight.
Also notable news this week, is the fact reinsurance broking brand name Guy Carpenter will cease to exist in 2027, with the company going to market as Marsh Re instead. At this time no decision has been made on any name change for GC Securities.
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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