Best of Artemis, week ending June 15th 2025

Here are the ten most popular news articles, week ending June 15th 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

1. Aon’s White Rock spotlights HK bribery case in Vesttoo-lawsuit against China Construction Bank
   In its New York lawsuit against China Construction Bank (CCB) over the Vesttoo fraud, Aon’s segregated accounts company White Rock Insurance (SAC) Ltd. has raised the recent emergence of a criminal bribery case in Hong Kong and suggests this means CCB must have relevant communications and documentation that would support its own claims.
2. Aon seeks to scale risk capital for clients. Add ILS resources. Parametric limits at $3bn
   Aon aims to, through its strategic plan, scale more risk capital for its clients, bringing more of the capital markets into its offering with an ambition to add more resources to its insurance-linked securities (ILS) business and highlighting $3 billion of parametric limits bound.
3. Mereo ILS management business and funds rebranded as Cedar Trace
   Mereo Advisors, the Bermuda based insurance, reinsurance and asset management group that also manages insurance-linked securities (ILS) funds, has been rebranded as Cedar Trace.
4. UCITS cat bond fund twelve-month return rises back to 12% after positive May
   With UCITS catastrophe bond funds delivering positive returns to their investors for the month of May, it has helped to lift the trailing twelve-month return for the UCITS cat bond fund sector back to an average of 12%, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.
5. AmTrust secures 50% upsized $150m Solis Re cat bond at low-end of guidance
   AmTrust Financial Services has now secured its latest catastrophe bond, at the 50% upsized top-end target size to source $150 million of northeast US named storm reinsurance protection from the capital markets with its new Solis Re Ltd. (Series 2025-1) issuance, at a spread fixed at the low-end of guidance.
6. Mercury seeks $100m California fire reinsurance with Luca Re catastrophe bond
   Mercury General Corporation, the California headquartered insurer, has entered the 144A catastrophe bond market for the first time, seeking $100 million or more in reinsurance from the capital markets with a Luca Re Ltd. (Series 2025-1) issuance that will cover it for wildfire and fire-following earthquake losses in its home state.
7. HSCM’s Rachel Bardon appointed Chief Underwriting Officer, Compre
   Hudson Structured Capital Management’s (HSCM) Rachel Bardon has been appointed to the newly-created role of Chief Underwriting Officer (CUO) at Compre, the Bermuda-domiciled international specialty reinsurance group, effective September 1st, 2025.
8. Florida reinsurance & retro capacity increased at mid-year, with ILS support: Fitch
   Reinsurance and retrocession capacity for Florida surged at the June–July 2025 renewals, supported by strong investor appetite in the insurance-linked securities (ILS) space and growing confidence in the state’s reformed legal environment, according to Fitch Ratings.
9. Increased reinsurance purchasing anticipated in working layers of towers: Jefferies
   With property catastrophe reinsurance pricing having now softened from its recent hard market highs, there is an expectation that ceding companies and buyers will look to take the opportunity to secure more protection lower down in the working layers of their reinsurance towers, analysts at Jefferies have stated.
10. Twelve Cat Bond Fund becomes first UCITS strategy to surpass $4 billion in assets
    The Twelve Cat Bond Fund, the flagship UCITS catastrophe bond fund strategy operated by insurance-linked securities (ILS) manager Twelve Securis, has reached a new milestone in terms of its size, becoming the first UCITS cat bond fund to surpass US $4 billion of assets under management.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days. There were 29 new articles published in the last week.

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