This video features an expert panel discussing finding balance for sponsors and investors in the catastrophe bond segment of the insurance-linked securities (ILS) market at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.ILS NYC 2025 was Artemis’ eighth catastrophe bond and insurance-linked securities (ILS) conference held in-person
Despite global insured losses from natural catastrophes reaching $145 billion in 2024, the catastrophe bond market emerged largely unscathed, despite it being a heavy year for nat cat events, according to an analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies.Last year, the insurance and reinsurance market witnessed
Allstate reported a relatively low level of catastrophe losses for February, meaning qualifying losses under its aggregate Sanders Re catastrophe bonds remain a reasonable distance from attachment ponts, we are told, so with the annual risk period nearing its end these notes are now being viewed as safer, according to sources.US insurer Allstate has only
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is aiming to purchase $2.94 billion of new traditional reinsurance and catastrophe bonds for the 2025 hurricane season, which would take its total risk transfer to $4.54 billion this year.Florida Citizens still has $1.6 billion of catastrophe bonds outstanding to provide protection through the
The California Earthquake Authority (CEA) shrank its risk transfer tower through the January renewals, as its traditional reinsurance placements saw further contracts expire, resulting in its catastrophe bonds making up a larger share of the overall at now more than 31%.When we last reported on the CEA’s risk transfer tower, made up of reinsurance and
Speaking earlier today during Beazley’s earnings call for its Q4’24 results, Chief Executive Officer (CEO), Adrian Cox, revealed that the London headquartered specialty insurance and reinsurance underwriter, plans to sponsor more cyber catastrophe bonds in 2025 as it continues to grow.It’s no secret, that Beazley is a key figure within the cyber cat bond market,
Fitch Ratings, a provider of credit ratings, research, and risk analysis, expects to see a further expansion of alternative reinsurance capacity in 2025, supported by cyber catastrophe bond issuances, which will add to the reinsurance sector’s capital base and help absorb earnings volatility.Looking back at 2024, three cyber cat bonds were introduced to the insurance-linked