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Lloyds Banking Group Pensions Trustees Limited has entered into two longevity swaps covering a combined £5.1 billion of liabilities. Both transactions are structured as insurance policies with Rothesay Life Plc as the insurer, while reinsurance was provided by Pacific Life Re International Limited (£2.1 billion) and an insurance subsidiary of Prudential Financial Inc. (£3.0 billion). [Source: PensionsAge]

SafePoint Insurance Company will issue $150 million Nature Coast Re Ltd. (Series 2025-2) single-tranche four-year catastrophe (CAT) bonds, versus the original target of $100 million. They will cover losses from named storms across the states of Florida, Louisiana, Alabama, Mississippi, and Texas, on an indemnity and per-occurrence trigger basis. [Source: Artemis.bm]

Hannover Re will issue $20 million Cumulus Re (Series 2025-1) single-tranche one-year catastrophe (CAT) bonds. They will cover losses from specific cloud services, in certain U.S. cloud regions, by one or more named cloud service providers, that are interrupted in excess of 24 hours on the basis of a parametric trigger designed by specialist risk analytics provider Parametrix. [Source: Artemis.bm]

Great American Insurance Group is looking to issue at least $225 million Riverfront Re Ltd. (Series 2025-1) two-tranche three and a half-year catastrophe (CAT) bonds. They will cover losses from U.S., DC and Canada named storms, earthquakes, severe thunderstorms, winter storms, wildfires, meteorite impact, and volcanic eruption on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, is looking to issue at least $100 million Nakama Re Pte. Ltd. (Series 2025-1) single-tranche five-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquake shake and related perils, including tsunami’s, fire, flooding and sprinkler leakage, on a three-year aggregate, indemnity triggered basis. [Source: Artemis.bm]

SCOR is looking to issue at least $200 million Atlas Capital DAC (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms in the U.S. and Caribbean (inc. DC, Puerto Rico & Virgin Islands), as well as earthquakes in the U.S. (inc. DC, Puerto Rico & Virgin Islands) and Canada, and windstorms in Europe, on an annual aggregate, weighted industry loss trigger basis. [Source: Artemis.bm]

Pool Re, the UK government-backed mutual terrorism reinsurance facility, will issue £100 million Baltic PCC Limited (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from terrorist events across England, Scotland and Wales, but not Northern Ireland, on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]

Sompo Japan will issue $150 million Sakura Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from Japanese typhoons and flood losses on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Brit Limited will issue its targeted $100 million Lapis Series 2025-1 single-tranche four-year catastrophe (CAT) bonds. They will cover losses from US named storms including DC, Puerto Rico and the US Virgin Islands, as well as earthquakes in the US, those same additional territories and Canada on a weighted industry-loss trigger based annual aggregate basis. [Source: Artemis.bm]

SageSure will issue $150 million Gateway Re Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds, versus the original target of $125 million. They will cover losses from US named storms on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Legal & General (L&G) completed three buy-ins totaling £785 million with pension schemes sponsored by the UK arm of mining company Anglo American. The buy-ins – completed as a single transaction – covered the benefits of more than 5,100 pensioners and 2,500 deferred members, according to a press release from the insurer. The buy-ins are L&G’s first announced transaction of the year, although it said it had completed on deals worth a combined £1.2 billion in 2025 so far. [Source: Pensions Expert]

Sutton National Group will issue $100million Greengrove Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $75 million target. The covered region and perils will be California and wildfires as well as fires following earthquake events, on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Core Specialty Insurance Holdings will issue $95 million Yosemite Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the initial target of $75 million. They will cover losses from named storms and earthquakes across the United States on an indemnity and per-occurrence basis. [Source: Artemis.bm]

AXIS Capital will issue $200 million Northshore Re II Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $150 million target. They will cover losses from North American named storms and earthquakes on a per-occurrence territory-weighted industry loss trigger basis. [Source: Artemis.bm]

Allstate will issue $750 million Sanders Re II Ltd. (Series 2025-1) four-tranche catastrophe (CAT) bonds, versus the original $300 million target. Two tranches will run for three years, and the others for five years. They will cover property and auto losses from named storm, earthquake, severe weather, wildfire, volcanic eruption, or meteorite impact events, across all US states except for Florida, on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]

"The Fuller’s Defined Benefit Pension Plan has secured a full buy-in with Legal & General, following recent funding improvements. According to a business update from the group, the scheme trustee and the company were keen to move to a full buy-in “swiftly” given recent improvements in the funding position." According to Fuller's 2024 annual report the pension scheme had assets of £112.3 million. [Source: Pensions Age]

Pool Re, the UK government-backed mutual terrorism reinsurance facility, is looking to issue at least £100 million Baltic PCC Limited (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from terrorist events across England, Scotland and Wales, but not Northern Ireland, on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]

Canada Life has completed a £361 million buy-in with an unnamed pension scheme. The transaction covers more than 850 deferred members and approximately 650 pensioners. [Source: Pensions Expert]

The A Gomez Limited Retirement Benefits Scheme has completed a £4.8 million buyout with Aviva following a six-month process. The deal, which builds on a previous buy-in in July 2024, is the latest in a series of deals completed through Aviva Clarity, the insurer’s streamlined service designed to make the bulk purchase annuity market more accessible for smaller schemes. [Source: PensionsAge]

Brit Limited is looking to issue at least $100 million Lapis Series 2025-1 single-tranche four-year catastrophe (CAT) bonds. They will cover losses from US named storms including DC, Puerto Rico and the US Virgin Islands, as well as earthquakes in the US, those same additional territories and Canada on a weighted industry-loss trigger based annual aggregate basis. [Source: Artemis.bm]

U.K.-based Flood Re will issue £140 million London Bridge 2 PCC Limited (Vision 2039 – 2025-1) single-tranche three-year catastrophe (CAT) bonds, versus the original £140 million target. They will cover losses from U.K. floods on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]

SafePoint Insurance Company is looking to issue at least $100 million Nature Coast Re Ltd. (Series 2025-2) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from named storms across the states of Florida, Louisiana, Alabama, Mississippi, and Texas, on an indemnity and per-occurrence trigger basis. [Source: Artemis.bm]

Sutton National Group is looking to issue at least $75million Greengrove Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. The covered region and perils are set to be California and wildfires as well as fires following earthquake events, on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Heritage Insurance Holdings will issue $200 million Citrus Re Ltd. (Series 2025-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms that hit the U.S. states of Alabama, Florida, Georgia, Hawaii, Mississippi, North Carolina and South Carolina on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Sompo Japan is looking to issue at least $150 million Sakura Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from Japanese typhoons and flood losses on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Florida Peninsula Insurance Company is looking to issue at least $175 million Palm Re Ltd. (Series 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storms on an indemnity-trigger per-occurrence basis. [Source: Artemis.bm]