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

This is a recording of our "Catastrophe Bond and ILS Market Conditions at Mid-Year 2025" live webinar that was held on June 17th 2025 and featured catastrophe bond and insurance-linked security (ILS) industry experts that joined us to discuss the state of the market around the middle of the year. While our expert speakers explored the fact the ILS market has become a foundational component for many reinsurance and retrocession buyers, occupying an increasingly large share of some towers, they also highlighted an expectation that growth of the asset class continues. This Artemis Live webinar was moderated by Steve Evans and featured participants: Paul Schultz, Vice Chairman, Aon Reinsurance Solutions; Jennifer Montero, Chief Financial Officer, Citizens Property Insurance Corporation; Stephen Velotti, CEO and CIO, Pillar Capital Management; and Michael Alfano, Vice President, Business Development Officer, Computershare Corporate Trust. Our speakers discussed the state of the market around the mid-year renewals, how investors have responded to the robust levels of catastrophe bond issuance activity in 2025, the ability of the market to continue meeting sponsor needs, as well as the outlook for the rest of the year. Listen to the full podcast episode to gain insights into what matters at the mid-year point of 2025 for the catastrophe bond, insurance-linked securities (ILS) and reinsurance capital market.

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 July 13th 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 a full-year record for the catastrophe bond market which fell by the first week of July in 2025, the latest data on property catastrophe reinsurance rates-on-line, Florida market dynamics, retrocession buyers being more commercial on trapped collateral, catastrophe exposure growth, the latest hurricane forecasts, cat bond market yields and pricing, plus aggregate reinsurance demand being increasingly met.

By Artemis.bm's figures, annual catastrophe bond issuance across all the types of deals we track has now shattered the previous full-year record in just over six months in 2025. At over $17.8 billion, new issues of Rule 144A catastrophe bonds and private cat bonds have broken the record set in full-year 2024. The outstanding cat bond market has grown by roughly 15% since the end of last year and average cat bond deal sizes are up notably as well. Listen to this podcast episode for more insights into the record year of catastrophe bond issuance in 2025, according to Artemis.bm's data.

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 July 6th 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 the fact the record set in the cat bond market for the first-half of the year, commentary on the reinsurance renewals and the fact capital outstripped demand, a number of people moves in the ILS fund sector, new initiatives and innovation, as well as news on the sidecar sector and other areas of insurance-linked securities.

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 22nd 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 the fact the cat bond market is nearing the annual issuance record already in 2025, AIG's expectations for meaningful fee income from its sidecar syndicate at Lloyd's, Vermont Mutual's largest cat bond yet, Everest lifting its target to $1 billion for its new cat bonds, investor sentiment for ILS and the fact ILS is increasingly an ESG diversifier, as well as 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 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.