Catastrophe

RenaissanceRe launches Medici UCITS catastrophe bond fund with $340m – Go Health Pro

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RenaissanceRe launches Medici UCITS catastrophe bond fund with 0m – Go Health Pro

RenaissanceRe, the Bermuda-based reinsurance company and third-party ILS capital manager, has now officially launched its first UCITS compliant property catastrophe bond fund strategy, the RenaissanceRe Medici UCITS Fund, with $340 million of capital allocated, confirming our reporting from three months ago.Back on December 4th 2024, Artemis reported that RenaissanceRe (RenRe) was expected to become the … Read more

Artemis’ measure of catastrophe bond market size surpasses $50bn for the first time – Go Health Pro

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Artemis’ measure of catastrophe bond market size surpasses bn for the first time – Go Health Pro

For the first time since we’ve been tracking the catastrophe bond marketplace, Artemis’ measure for the size of the market, based on our estimate of catastrophe bond risk capital outstanding, has surpassed the $50 billion mark, as 2025 issuance continues to outpace the heavy maturity schedule.As of Thursday 27th February 2025, our figure for risk … Read more

Allstate Announces January 2025 Catastrophe Losses and Policies in Force – Go Health Pro

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Allstate Announces January 2025 Catastrophe Losses and Policies in Force – Go Health Pro

NORTHBROOK, Ill., February 20, 2025 – The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $1.08 billion or $849 million, after-tax. Catastrophe losses included three events with approximately $1.07 billion related to the California wildfires. The California wildfire event estimate includes reinsurance reinstatement premiums, an estimated California FAIR Plan assessment and is net of estimated … Read more

Potential $200bn catastrophe loss year in 2025 could recalibrate entire industry: Zaffino, AIG – Go Health Pro

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Potential 0bn catastrophe loss year in 2025 could recalibrate entire industry: Zaffino, AIG – Go Health Pro

With the recent California wildfires seen as likely to drive the second most costly first-quarter on record for the global insurance and reinsurance industry, AIG CEO Peter Zaffino has warned that a $200 billion annual catastrophe loss year in 2025 could “recalibrate the entire industry.”Zaffino highlighted that, “Much more of the risk is now being … Read more

CEA targets $200m of quake reinsurance with Ursa Re 2025-1 catastrophe bond – Go Health Pro

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CEA targets 0m of quake reinsurance with Ursa Re 2025-1 catastrophe bond – Go Health Pro

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

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