The awaited launch of the Brookmont Catastrophic Bond ETF is nearing and Artemis spoke with Ethan Powell, Principal & Chief Investment Officer of Brookmont Capital Management, LLC and Rick Pagnani, co-founder of King Ridge Capital Advisors LLC, to learn more about the strategy and their thoughts on how they see it developing.Recall that a definitive … Read more
Recent estimates suggest that insured losses from the Los Angeles, California wildfires could be higher than anticipated. As a result, catastrophe bond prices are showing signs of weakness, with the market’s benchmark recording its first-ever negative January return since its inception over two decades ago, according to cat bond fund manager Icosa Investments AG.With a … Read more
GeoVera Insurance Holdings, Ltd. has secured its largest catastrophe bond issuance yet, as the Veraison Re Ltd. (Series 2025-1) deal has now been priced to provide the company its upsized $450 million target for earthquake reinsurance protection.As we had reported, GeoVera Insurance Holdings, Ltd returned to the cat bond market with an initial target to … Read more
Artemis has learned that GeoVera Insurance Holdings, Ltd. is now targeting as much as $400 million in earthquake reinsurance protection from capital market investors through its new Veraison Re Ltd. (Series 2025-1) catastrophe bond.As we reported earlier this month, GeoVera Insurance Holdings, Ltd ventured back to the cat bond market with an initial target to secure … Read more
The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance.The CEA last sponsored a catastrophe bond in December 2023 and in … Read more
