Best of Artemis, week ending July 13th 2025

Here are the ten most popular news articles, week ending July 13th 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.

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1. Catastrophe bond issuance breaks annual record already in 2025 at over $17.8bn
   Catastrophe bond issuance has already beaten the headline annual record in 2025, as new deals have taken the figure to over $17.8 billion, beating last year’s record and putting the $20 billion milestone clearly in sight, according to Artemis’ data on the market.
2. Property cat rates down 8.1% globally, 6.7% in US, 15.9% in APAC in 2025: Guy Carpenter
   Reinsurance broker Guy Carpenter has updated its property catastrophe reinsurance rate on line indices today and the latest data shows that after the April and mid-year renewals, property cat reinsurance rates have fallen 8.1% globally, 6.7% in the United States and a more significant 15.9% in the Asia Pacific region.
3. Florida reinsurance dynamics adjust again after RAP shrinks, FORA repealed
   Insurance carriers in Florida are likely to turn to the private reinsurance and capital markets for even more limit after two state funded reinsurance facilities were amended in recent days.
4. Some retro buyers more “commercial” on rolling trapped collateral at renewals: Gallagher Re
   The supply-demand balance for global non-marine retrocession continued to tilt in buyers’ favour, as cedants were presented with opportunities to expand their retro purchases at the mid-year reinsurance renewals and some market participants took a commercial view on collateral trapping, according to Gallagher Re.
5. Catastrophe exposure growth to keep outpacing insurance premiums: Swiss Re
   According to global reinsurance firm Swiss Re, inflation adjusted exposure to natural catastrophe losses is set to continue growing at a faster pace than insurance premiums around the world, which will drive the expanding protection gap even wider over the coming years.
6. CSU lowers 2025 hurricane forecast, citing elevated Caribbean wind shear
   The Colorado State University (CSU) tropical meteorology team has lowered its forecast for the 2025 Atlantic hurricane season slightly on all counts, citing strong observed and forecast Caribbean wind shear as an inhibitor to Atlantic hurricane activity, but continuing to predict an above-normal level of activity.
7. Bank transfer to Vesttoo deal investor Yu Po’s CCB account raised in NY court case
   A bank transfer has been highlighted in an ongoing Vesttoo fraud legal case, showing $4 million in funds sent to a China Construction Bank account in the name of Yu Po Holdings, the entity that was purported to have been the main investor providing collateral behind reinsurance deals where letters of credit (LOC) proved to be forged.
8. Cat bond yields rise above 11%, discount margin to decrease through wind season: Plenum
   The overall yield of the catastrophe bond market increased to above the 11% mark in June 2025, the first time it has surpassed that level since October 2024, but with the hurricane season now underway the expectation is for the discount margin to decrease, according to cat bond fund manager Plenum Investments.
9. Cat bond pricing in neutral zone, with 8.5% expected return in sight for 2025: Lane Financial
   Catastrophe bond pricing remains firmly in the “neutral zone” according to the latest analysis from consultancy Lane Financial LLC, but the firm maintains its prediction that the market is still on-track for an expected 8.5% total return in 2025.
10. Unipol reportedly secured €300m aggregate reinsurance cover
    News continues to emerge that reflects the increased availability of aggregate reinsurance protection, as an analyst report shows Italian insurance and financial services group Unipol secured a planned €300 million aggregate reinsurance treaty to better protect it against smaller catastrophes and weather losses.

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 30 new articles published in the last week.

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