Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending June 15th 2025. Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories. This week we covered more news related to the Vesttoo fraud, catastrophe bond issuance news, some analysis on the reinsurance renewals, people moves, rebranding of an ILS manager, and much more.

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending June 8th 2025. Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories. This week we cover the continuing record pace of catastrophe bond issuance, the influence on cat bonds on the June renewals, MGA's use of ILS capital, key hires for the week and the recent launch of criminal proceedings in a Hong Kong court related to the Vesttoo fraud saga, and much more.

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending June 1st 2025. Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories. This week we cover the June reinsurance renewals, reinsurance capital trends, cat bond market records, and much more. Featuring news about the catastrophe bond market and record issuance levels tracked by Artemis, new ILS focused launches, and much more.

As Artemis.bm continues to track catastrophe bond market activity through this very busy year of 2025, total settled issuance analysed by Artemis has already surpassed $15 billion, while the outstanding cat bond market has grown by 15.5% since the end of 2024. Catastrophe bond issuance is breaking all records so far in 2025, with now $15.025 billion of offerings settled across Rule 144A cat bonds and the few privately placed deals Artemis has tracked. Impressively, the level of issuance now settled in 2025 has already broken the record for first-eleven month issuance. Meaning, in every previous year the catastrophe bond market has existed, Artemis hadn’t ever seen that volume of deals settle between January and the end of November. Given we are still at the end of May, with a whole month to run until the middle of 2025, it’s clear the first-half cat bond issuance record is being broken by a particularly significant margin. The previous record for first-half cat bond issuance came in 2024, when just over $12.6 billion of deals were tracked by Artemis. Remember you can use all the interactive charts and visualisations over at www.artemis.bm to analyse catastrophe bond issuance, the outstanding market and view leaderboards of the top cat bond sponsors and service providers. Cat bond issuance settled in the month of May has reached a significant record high of almost $5.9 billion in 2025. Which beats the previous record for the month by approaching $2 billion. It also makes May 2025 the biggest single month of catastrophe bond issuance in the market’s history, another very notable record that has been soundly broken this year. The rapid rate of catastrophe bond market activity seen in 2025 has also helped to propel the size of the market considerably higher already. Recall that 2025 has seen the highest level of cat bond maturities ever for the first-half, but the market has outpaced that with new issuance, to grow by around 15.5% since the end of 2024. Artemis’ measure for the outstanding cat bond market, which does include some private deals and also may not factor in all principal reductions, or extensions of maturity, as we don’t always receive that data, has now reached just over $57.12 billion. Which, as Artemis said, represents 15.5% growth in the outstanding catastrophe bond market since December 31st 2024, when the total stood at just under $49.48 billion. Artemis has seen more first-time cat bond sponsors come to market in H1 2025 than any other half-year so far, which has helped to propel this market expansion and growth. Alongside that, repeat sponsors have been issuing larger deals and growing cat bond’s share of their reinsurance towers, in some cases, while other sponsors have seen an increased need for reinsurance and grown their cat bond coverage proportionally with that. The catastrophe bond market is well on-course to break the annual issuance record in 2025, as a reminder that stood at almost $17.7 billion by Artemis' numbers for 2024. Whether it is broken will depend on loss activity through the wind season, any other particularly impactful catastrophe losses, or if some kind of disruption to capital markets occurs. However, with only just under $1.6 billion of additional issuance needed to come to market, beyond what we have seen already and what is scheduled in the pipeline for June, it is now hard to think the annual record won’t be broken in 2025. Stay tuned to Artemis for critical catastrophe bond market insights as the rest of 2025 progresses!

Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending May 25th 2025. Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories. Featuring news about the catastrophe bond market and record issuance levels tracked by Artemis, new ILS focused launches, and much more.

Listen to a recap of our most read catastrophe bond and insurance-linked securities (ILS) news of the last week. As we continue to experiment with artificial intelligence tools, we hope this summary provides an easy way to listen to a recap of some of last week's top stories. Featuring news about the catastrophe bond market and record issuance levels tracked by Artemis, new ILS focused launches, and much more. Listen to this podcast episode for a handy recap of our most read catastrophe bond, insurance-linked securities and alternative reinsurance capital news, from the week-ending May 18th 2025.

This podcast episode features the fourth panel session of the day at our Artemis ILS NYC 2025 conference, which was held on February 7th in New York City. ILS NYC 2025 was Artemis' eighth catastrophe bond and insurance-linked securities (ILS) conference held in-person in New York and saw more than 425 registered attendees enjoying insightful debates from our expert speakers, as well as valuable networking opportunities throughout the day. Attendees from across the globe assembled to hear thought-provoking insights from insurance-linked securities (ILS) market leaders, all under the theme of "Capturing opportunities (established & new)." Our next audio from the ILS NYC 2025 conference features the fourth panel discussion of the day, which was focused on the emerging casualty insurance-linked securities (ILS) market where investors are accessing the returns of longer-tailed casualty insurance risks. The panel discussion was moderated by John Seo, Co-Founder, Managing Director, Fermat Capital Management. He was joined by: David Ni, Chief Strategy Officer, Enstar Group; Andras Bohm, Head of U.S. Capital Solutions & Advisory, BMS Group; Amy Stern, Chief Executive, Reinsurance, Ledger Investing; and Bob Forness, CEO, MultiStrat Group. While casualty insurance-linked securities (ILS) may seem nascent to some, the market has been in development for a number of years now. The panellists set the scene and explained what this segment of the ILS asset class is, as well as why casualty risks can be attractive investments. This panel discussed the evolution and potential of the casualty insurance-linked securities (ILS) market, forecasting an opportunity to grow the segment from an estimated $3-4 billion current base to potentially exceeding $10 billion by 2026. Key points in the discussion included the shift from catastrophe-focused ILS to casualty ILS, driven by improvements to the infrastructure of the ILS market, as well as investor interest in accessing new classes of insurance risk.  The casualty ILS market’s growth is largely attributed to risk sourced through whole account quota shares, which the panel said enable stable, diversified portfolios to be constructed for investors.  The discussion also highlighted the importance of exit solutions to provide investor certainty of liquidity, the need for strong partnerships, and that underwriting discipline is key to manage risks and ensure sustainable growth of the casualty ILS space. Listen to the full podcast episode of this casualty insurance-linked securities (ILS) focused panel discussion at ILS NYC 2025, for unique insights into the developing casualty ILS market, what investors need to know about this asset class, and how cedents can benefit from access to efficient capacity from the capital markets.

This latest podcast episode is a bit of an experiment, as we've utilised NotebookLM to transform one of our recent articles that analyses catastrophe bond issuance through April 25th 2025 into an audio podcast episode. Even with a few days to run of the fourth month of the year, catastrophe bond market issuance in 2025 is already on-track to set a new record for issuance through May, as the pipeline of new cat bond deals continues to build. With new catastrophe bond issuances that have completed and settled this week, the total cat bond issuance tracked in the Artemis Deal Directory has already reached almost $8.25 billion this year. But, impressively, the pipeline of new cat bonds slated for completion and settlement up to and including the month of May so far has now reached $3.82 billion. As a result, our forecast for catastrophe bond issuance across Rule 144A cat bonds and the privately placed deals we’ve tracked so far in 2025 has now reached $12.07 billion, with all of that issuance currently scheduled to settle by the end of the week of May 19th at this stage. Please note, dates of settlement for new catastrophe bond issues can change, so the forecasts could adjust over the coming weeks, but the main story does not change.  The catastrophe bond market remains on record-setting pace and further growth of the outstanding cat bond market is anticipated.

This podcast episode features the third panel session of the day at our Artemis ILS NYC 2025 conference, which was held on February 7th in New York City. ILS NYC 2025 was Artemis' eighth catastrophe bond and insurance-linked securities (ILS) conference held in-person in New York and saw more than 425 registered attendees enjoying insightful debates from our expert speakers, as well as valuable networking opportunities throughout the day. Attendees from across the globe assembled to hear thought-provoking insights from insurance-linked securities (ILS) market leaders, all under the theme of "Capturing opportunities (established & new)." Our next podcast from the ILS NYC 2025 conference features the third panel discussion of the day, which was focused on the catastrophe bond market and explored how it can find a balance to support the ongoing needs of both sponsors and investors. The panel discussion was moderated by Philipp Kusche, Global Head of ILS, Howden Capital Markets & Advisory. He was joined by: Zhak Cohen, Managing Director, Gallatin Point Capital; Jennifer Montero, Chief Financial Officer, Citizens Property Insurance Corporation; Chin Liu, Director - Insurance Linked Securities, Fixed Income Solutions, Amundi US; and Peter Miller, Senior Vice President, Neuberger Berman. Significant growth is forecast for the catastrophe bond market, with the panellists stating that they believe 2025 could be another record year for issuance. Investors emphasised the importance of long-term profitability and the need for rate and premiums to remain adequate for the risks being assumed through catastrophe bonds. Sponsors on the panel also shared their experiences, noting the difficulty in securing full capacity requirements at times and so the importance of strategic planning and management of the cat bond pipeline. Listen to the full episode of this catastrophe bond market focused panel discussion at ILS NYC 2025, for unique insights into how sponsors and investors think about balancing priorities, while ensuring the cat bond instrument continues to deliver to both constituencies.

This podcast episode features the second panel session of the day at our Artemis ILS NYC 2025 conference, which was held on February 7th in New York City. ILS NYC 2025 was Artemis' eighth catastrophe bond and insurance-linked securities (ILS) conference held in-person in New York and saw more than 425 registered attendees enjoying insightful debates from our expert speakers, as well as valuable networking opportunities throughout the day. Attendees from across the globe assembled to hear thought-provoking insights from insurance-linked securities (ILS) market leaders, all under the theme of "Capturing opportunities (established & new)." Our next episode from the ILS NYC 2025 conference features the second panel discussion of the day, which was focused on the expansion of parametric risk transfer investment opportunities in the insurance-linked securities (ILS) market. The panel discussion was moderated by Martin Malinow, CEO, Parameter Climate. He was joined by: Sandra DeSilva, President & CEO, Mythen Re Ltd.; Tanguy Touffut, CEO, Descartes Underwriting; Urs Ramseier, Executive Chairman & CIO, Twelve Capital; and Sandeep Ramachandran, Portfolio Manager, Pier61 Partners. Panellists discussed the evolution of the parametric insurance, reinsurance and risk transfer market, speaking about the history of this segment and its maturity into a parametric ILS opportunity for investors. Speakers also explored what it is that makes parametric risk transfer an investable asset class in its own right, how this can be an attractive portfolio complement for ILS investors and where they expect to see growth in the use of third-party investor capital to support parametric insurance and reinsurance market growth. Listen to the full podcast episode of this parametric ILS focused panel discussion at ILS NYC 2025, for unique insights into developments in the parametric risk transfer market and how these present attractive investment opportunities and an area where the ILS market can expand its scope.