Best of Artemis, week ending June 22nd 2025

Here are the ten most popular news articles, week ending June 22nd 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. AIG’s sidecar syndicate at Lloyd’s an opportunity to generate “sizeable” fee income: Fry
   For AIG its deeper partnership with asset manager Blackstone, which was established with the launch of a multi-year reinsurance sidecar-like syndicate last year, represents a way to optimise for the most efficient capital and an opportunity to generate sizeable fee income, according to Charlie Fry, EVP Reinsurance & Risk Capital Optimization.
2. CSU forecasts above-average 2025 Atlantic hurricane season, citing low odds of El Niño
   The Colorado State University (CSU) tropical meteorology team has maintained its forecast for the 2025 Atlantic hurricane season to see above-average levels of activity, citing low odds of El Niño occurring during the peak season and keeping its forecast numbers relatively aligned with the recent 10-year average.
3. 144A catastrophe bond annual issuance record now in sight for H1 2025
   With targets upsized for two 144A catastrophe bond sponsorships that are in the market at this time, the annual record for 144A cat bond issuance could now be exceeded before the end of the first-half of 2025, with close to $17.5 billion now a possible H1 issuance total, if the remaining 144A cat bonds all settle at their increased sizes.
4. Vermont Mutual secures its largest cat bond, 25% upsized $250m Baldwin Re 2025
   Vermont Mutual Insurance Company has now secured the 25% upsized target for $250 million of fully-collateralized multi-peril reinsurance from its new Baldwin Re Ltd. (Series 2025-1) catastrophe bond issuance.
5. Everest now targets up to $1bn across its two Kilimanjaro Re II catastrophe bond series
   Everest Group is now aiming to secure as much as $1 billion of collateralized retrocessional reinsurance limit from the capital markets across its two new Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) transactions.
6. Hurricane Erick: No cat bond or private ILS impact expected by Twelve Securis
   Twelve Securis, the specialist insurance-linked securities investment manager, is not anticipating any impact to the World Bank catastrophe bond or any of the firm’s private ILS positions due to losses caused by major hurricane Erick in Mexico last week.
7. Investors see insurance-linked securities as one of the best income yield opportunities
   Institutional investors are searching for diversification, income generation and also defensiveness in their asset selection, as they strive to build resilient portfolios to suit a world defined by fragmentation and flux, a survey from asset manager Schroders explains.
8. Advantageous ILS market conditions see cat bonds at 70% of Citizens program: CFO Montero
   Florida’s Citizens Property Insurance Corporation has leaned more heavily on the catastrophe bond market for its 2025 risk transfer strategy, with CFO Jennifer Montero revealing that 70% of the insurer’s total risk transfer program, including both new and continuing coverage, is now backed by cat bonds.
9. ILS gain ground as ESG diversification tool: IPS Capital’s Maida
   As investors grapple with the challenges of market concentration, rate uncertainty, and sustainability underperformance, insurance-linked securities (ILS) are emerging as a compelling solution for ESG-focused portfolios, according to Tiziana Maida, Head of Research at investment management, wealth planning and consulting specialist IPS Capital LLP.
10. After May, Allstate’s cat losses reach $1.37bn pre-tax for 2025 aggregate risk period
    US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of May 2025 of $777 million, which when added to the cat losses from April takes the total for its 2025 annual risk period for its aggregate catastrophe bonds to $1.37 billion.

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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