Kin’s Hestia Re 2022-1 cat bond to repay $170m majority of principal back to investors
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Artemis has learned from sources that the vast majority of principal from insurtech Kin’s $175 million Hestia Re Ltd. (Series 2022-1) catastrophe bond is expected to be returned to investors at the upcoming risk period end, while just…
Ocean Ledger sees potential for long-term cat bonds for coastal risks: CEO Roepers
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Paige Roepers, CEO and Co-Founder of Ocean Ledger recently discussed with Artemis how the company’s high-resolution geospatial analytics can help the insurance-linked securities (ILS) market identify long-term catastrophe bond opportunities to cover coastal risks. Established in 2024, Ocean…
Could wildfire subrogation drive more competitive mid-year renewal? Evercore ISI asks
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. While the mid-year reinsurance renewals are forecast to see further softening of between 5% and 10% as a base case, according to analysts at Evercore ISI, the team there asks whether subrogation potential for the January California wildfires…
Reinsurance sidecar market seen ~50% bigger by Gallagher. Aon notes Q1 wildfire impacts
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Reinsurance sidecars have continued to gain in popularity and brokers have commented today on the expansion of this third-party investor supported segment of the insurance-linked securities (ILS) market, seeing it as one area driving robust capital growth into…
Porch complaint against Gallagher Re over Vesttoo fraud dismissed with prejudice
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The lawsuit filed by Porch Group against broker Gallagher Re regarding the Vesttoo reinsurance letter of credit (LOC) collateral fraud has been dismissed with prejudice by the Texas court. But Porch has said it intends to continue to…
MultiStrat’s growth across the ILS market to continue throughout 2025: CUO
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. During a recent interview with Artemis, Kier James, Chief Underwriting Officer of MultiStrat, discussed the firm’s recent growth across the insurance-linked securities (ILS) market, while also highlighting how retro market conditions have become more favourable for buyers throughout…
US property cat demand to rise ~$7.5bn at mid-year renewals, Florida taking up to $5bn: Aon
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Aon’s Reinsurance Solutions division forecasts increased demand for property catastrophe reinsurance protection in the United States at the key mid-year renewal season, with additional limit of as much as $7.5 billion expected to be sought out by cedants,…
Kin highlights “substantially lower pricing” of new Hestia Re 2025-1 cat bond
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Direct-to-consumer insurtech company, Kin Insurance has hailed the substantial improvement in pricing for its latest catastrophe bond issuance, the $300 million Hestia Re Ltd. (Series 2025-1) transaction, the company’s largest cat bond yet. Kin sponsored its debut $175…
Ambassador mutual cat bond fund grows to $428m, more ILW investments made
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has now expanded its insurance-linked securities (ILS) fund’s assets under management to $428 million, with expansion across the portfolio and more industry-loss warranty (ILW)…
Private ILS strategies, primed for expansion and growth? – ILS NYC 2025 video
This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. This video features an expert panel discussing investment trends in private insurance-linked securities (ILS) at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025. ILS NYC 2025 was Artemis’ eighth catastrophe…
