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MS Amlin places new Phoenix Re securitized sidecar notes (Artemis.bm)
MS Amlin places new Phoenix Re securitized sidecar notes (Artemis.bm)
MS Amlin issued $24.5 million participating 12-year notes through its Singapore-based Phoenix 2 Re Pte. Ltd. sidecar vehicle for the 2026 underwriting year. The Phoenix Re platform provides investors access to MS Amlin's diverse portfolio of natural catastrophe risks across Asia-Pacific and MENA regions, functioning similarly to catastrophe bonds, and has grown from $42.14 million in its inaugural 2021 deal to $90 million in total protection for 2025, with additional tranches potentially forthcoming for 2026 given rising investor appetite for Asian catastrophe risk exposure. [Source: Artemis.bm]
#ILS#ART
·artemis.bm·
MS Amlin places new Phoenix Re securitized sidecar notes (Artemis.bm)
QBE secures 33% upsized $400m Bridge Street Re 2025-2 cat bond at mid-guidance (Artemis.bm)
QBE secures 33% upsized $400m Bridge Street Re 2025-2 cat bond at mid-guidance (Artemis.bm)
Australia-based QBE Insurance Group will issue $400 million Bridge Street Re Ltd. (Series 2025-2) single-tranche three-year catastrophe (CAT) bonds, versus the original $300 million target. They will cover losses from named storms and earthquakes in the U.S., as well as earthquakes in Australia and New Zealand on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
QBE secures 33% upsized $400m Bridge Street Re 2025-2 cat bond at mid-guidance (Artemis.bm)
Meritage Re 2026-1 cat bond priced to provide GeoVera and SafePort $200m of reinsurance (Artemis.bm)
Meritage Re 2026-1 cat bond priced to provide GeoVera and SafePort $200m of reinsurance (Artemis.bm)
Three MGU SageSure insurers will issue $200 million Meritage Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. The three ceding insurers, overseen by GeoVera Nova, are GeoVera Insurance Company, GeoVera Specialty Insurance Services, and SafePort Insurance Company. The bonds will cover losses from U.S. named storms on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Meritage Re 2026-1 cat bond priced to provide GeoVera and SafePort $200m of reinsurance (Artemis.bm)
Germania Insurance secures debut $100m Handshake Re cat bond, priced below guidance (Artemis.bm)
Germania Insurance secures debut $100m Handshake Re cat bond, priced below guidance (Artemis.bm)
Texas-based Germania Farm Mutual Insurance Association will issue $100 million Handshake Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from losses from named storms, severe thunderstorms and winter storms in the state of Texas on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Germania Insurance secures debut $100m Handshake Re cat bond, priced below guidance (Artemis.bm)
Chubb targets $150m East Lane cyber cat bond (Artemis.bm)
Chubb targets $150m East Lane cyber cat bond (Artemis.bm)
[December 4, 2025] Chubb is looking to issue at least $150 million East Lane Re VII Ltd. (Series 2026-1) single-tranche two-year cyber catastrophe (CAT) bonds. They will cover losses on Chubb's cyber reinsurance agreements on an indemnity trigger basis, but Chubb is seeking market feedback as to whether it should be on a per-occurance or annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#CyberRisk#ART
·artemis.bm·
Chubb targets $150m East Lane cyber cat bond (Artemis.bm)
Peel Ports pension scheme secures safe harbour with £230m buy-in (PensionsAge)
Peel Ports pension scheme secures safe harbour with £230m buy-in (PensionsAge)
The trustee of the Peel Ports Final Salary Pension Scheme has completed a £230 million buy-in deal with Pension Insurance Corporation (PIC), securing pensions for approximately 2,000 members across various Peel Ports Group companies including Mersey Docks and Harbour Company and Manchester Ship Canal Company. This marks the second partnership between PIC and Peel Ports Group, following a previous £725 million buy-in in 2017, and represents the scheme's achievement of its long-standing goal to fully buy-in the scheme, thereby improving financial security for members while reducing pension-related risks for the company. [Source: PensionsAge]
#Pensions#ART#Longevity
·pensionsage.com·
Peel Ports pension scheme secures safe harbour with £230m buy-in (PensionsAge)
Skanska Pension Fund completes £525m full buy-in with Standard Life (PensionsAge)
Skanska Pension Fund completes £525m full buy-in with Standard Life (PensionsAge)
The Skanska Pension Fund completed a £525 million full buy-in with Standard Life in October 2025, securing benefits for approximately 5,500 members. The transaction, which also included transferring an existing longevity swap from Zurich Assurance Ltd (in place since 2017), represents the culmination of a long-term de-risking strategy by the fund's trustees working with Skanska UK and its parent company Skanska AB. [Source: PensionsAge]
#ART#Longevity#Pensions
·pensionsage.com·
Skanska Pension Fund completes £525m full buy-in with Standard Life (PensionsAge)
RenaissanceRe secures 100% upsized $400m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
RenaissanceRe secures 100% upsized $400m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
RenaissanceRe will issue $400 million Mona Lisa Re Ltd. (Series 2026-1) two-tranche catastrophe (CAT) bonds ($200 million Class A five-year notes and $200 million Class B four-year notes). The original issuance target was $200 million ($100 million + $100 million). They will cover losses caused by U.S., Puerto Rico, U.S. Virgin Islands, and D.C. named storm and earthquake events, as well as Canadian earthquakes, on an annual aggregate industry-loss trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
RenaissanceRe secures 100% upsized $400m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
AIG sets up another sidecar-style syndicate at Lloyd's with Blackstone, Amwins (Artemis.bm)
AIG sets up another sidecar-style syndicate at Lloyd's with Blackstone, Amwins (Artemis.bm)
AIG has launched Syndicate 2479, a new special purpose vehicle at Lloyd's of London, partnering with Blackstone and Amwins to provide $300 million in risk capacity for portfolio solutions starting January 2026. The syndicate will underwrite a diversified cross-section of Amwins' approximately $6 billion in delegated authority premiums, managed by Talbot Underwriting Limited. The venture incorporates artificial intelligence through Palantir's Foundry platform, using generative AI and large language models to analyze insurance risk portfolios and evaluate how Amwins' program business aligns with the syndicate's risk appetite, accessing over four million industry data points. This follows AIG's previous sidecar-style syndicate 2478, also backed by Blackstone. [Source: Artemis.bm]
#ILS#ART
·artemis.bm·
AIG sets up another sidecar-style syndicate at Lloyd's with Blackstone, Amwins (Artemis.bm)
Groupama gets upsized €120m convective storm reinsurance with Quercus II Re cat bond (Artemis.bm)
Groupama gets upsized €120m convective storm reinsurance with Quercus II Re cat bond (Artemis.bm)
France-based Groupama will issue €120 million Quercus Re II DAC single-tranche two-year catastrophe (CAT) bonds, versus the original €100 million target. They will cover losses from convective storms affecting France on an indemnity-triggered annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Groupama gets upsized €120m convective storm reinsurance with Quercus II Re cat bond (Artemis.bm)
Hannover Re secures $250m 3264 Re retro cat bond (Artemis.bm)
Hannover Re secures $250m 3264 Re retro cat bond (Artemis.bm)
Hannover Re will issue $250 million 3264 Re Ltd. (Series 2025-3) two-tranche three-year catastrophe (CAT) bonds, versus the original $200 million target. A targeted $100 million Class A tranche will cover losses from named storm and earthquake cover across North America for the U.S. and Canada on an annual aggregate industry loss trigger basis. A targeted $100 million Class B tranche will provide two sections of cover, the first being Northeast US named storms on a per-occurrence basis, and the second being North American (U.S. and Canada) on an annual aggregate basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Hannover Re secures $250m 3264 Re retro cat bond (Artemis.bm)
Inigo secures its largest Montoya Re catastrophe bond yet (Artemis.bm)
Inigo secures its largest Montoya Re catastrophe bond yet (Artemis.bm)
Inigo Insurance will issue $255 million Montoya Re Ltd. (Series 2025-2) three-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms and U.S. and Canada earthquakes on an annual aggregate industry loss trigger basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Inigo secures its largest Montoya Re catastrophe bond yet (Artemis.bm)
Beazley prices $100m Fuchsia nat cat bond ~21% below initial mid-point of guidance (Artemis.bm)
Beazley prices $100m Fuchsia nat cat bond ~21% below initial mid-point of guidance (Artemis.bm)
U.K.-based Beazley will issue $100 million London Bridge 2 PCC Limited (Fuchsia 3 – 2025-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storm and earthquake events that impact the United States, Canada and certain parts of the Caribbean, on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Beazley prices $100m Fuchsia nat cat bond ~21% below initial mid-point of guidance (Artemis.bm)
U.S. Pension Risk Transfer Buy-in Sales Triple in Q3 2025 (LIMRA)
U.S. Pension Risk Transfer Buy-in Sales Triple in Q3 2025 (LIMRA)
LIMRA's Q3 2025 survey reveals a mixed picture for the U.S. pension risk transfer (PRT) market. While overall PRT sales fell 32% year-over-year to $10.6 billion in Q3, buy-in sales surged 328% to $4.3 billion—a quarterly record. Year-to-date PRT sales totaled $21.6 billion, down 48% from 2024's record levels. However, the market shows signs of broadening, with over 80% of contracts under $50 million as more carriers enter the space and engage smaller plan sponsors. Buy-out sales declined 60% to $5.2 billion in Q3, though total PRT assets reached $319 billion, up 7% year-over-year, indicating the market remains substantial despite cyclical fluctuations in new sales activity. [Source: LIMRA]
#ART#Longevity#Pensions#UnitedStates
·limra.com·
U.S. Pension Risk Transfer Buy-in Sales Triple in Q3 2025 (LIMRA)
AmFam secures 33% upsized $200m Four Lakes Re 2025-1 cat bond at reduced pricing (Artemis.bm)
AmFam secures 33% upsized $200m Four Lakes Re 2025-1 cat bond at reduced pricing (Artemis.bm)
American Family Mutual Insurance Company will issue $200 million Four Lakes Re Ltd. (Series 2025-1) two-tranche three-year catastrophe (CAT) bonds, versus the original $150 million target. They will cover losses from U.S. named storm, earthquake, severe thunderstorm, winter storm and wildfire events on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
AmFam secures 33% upsized $200m Four Lakes Re 2025-1 cat bond at reduced pricing (Artemis.bm)
California FAIR Plan secures $750m Golden Bear Re, the largest wildfire cat bond ever (Artemis.bm)
California FAIR Plan secures $750m Golden Bear Re, the largest wildfire cat bond ever (Artemis.bm)
The California FAIR Plan Association will issue $750 million Golden Bear Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $250 million target. They will cover losses from California wildfire losses on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
California FAIR Plan secures $750m Golden Bear Re, the largest wildfire cat bond ever (Artemis.bm)
Liberty Mutual prices eleventh Mystic Re cat bond for upsized $150m reinsurance (Artemis.bm)
Liberty Mutual prices eleventh Mystic Re cat bond for upsized $150m reinsurance (Artemis.bm)
Liberty Mutual Insurance will issue $150 million Mystic Re IV Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds, versus the original $125 million target for a three-tranche issuance. They will cover losses from U.S., Canadian and Caribbean named storms, earthquakes, severe weather and wildfires on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
Liberty Mutual prices eleventh Mystic Re cat bond for upsized $150m reinsurance (Artemis.bm)
TD Insurance targets C$125m MMIFS Re 2026-1 aggregate cat bond (Artemis.bm)
TD Insurance targets C$125m MMIFS Re 2026-1 aggregate cat bond (Artemis.bm)
TD Insurance is looking to issue at least C$125 million MMIFS Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms, earthquakes, severe convective storms (SCS), winter storms and wildfires in Canada on an annual aggregate indemnity triggered basis. [Source: Artemis.bm]
#CAT#ILS#Canada#ART
·artemis.bm·
TD Insurance targets C$125m MMIFS Re 2026-1 aggregate cat bond (Artemis.bm)
Inigo seeks largest Montoya Re cat bond yet at $255m (Artemis.bm)
Inigo seeks largest Montoya Re cat bond yet at $255m (Artemis.bm)
[November 20, 2025] Inigo Insurance is looking to issue at least $255 million Montoya Re Ltd. (Series 2025-2) three-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms and U.S. and Canada earthquakes on an annual aggregate industry loss trigger basis. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
Inigo seeks largest Montoya Re cat bond yet at $255m (Artemis.bm)
Liberty Mutual adjusts target for 11th Mystic cat bond, now $120m-$150m (Artemis.bm)
Liberty Mutual adjusts target for 11th Mystic cat bond, now $120m-$150m (Artemis.bm)
Liberty Mutual Insurance has adjusted the issuance target of its Mystic Re IV Ltd. (Series 2026-1) three-year catastrophe (CAT) bonds from $125 million to a $120 million to $150 million range. They will still cover losses from U.S., Canadian and Caribbean named storms, earthquakes, severe weather and wildfires on an indemnity trigger and per-occurrence basis, but it will now be a two-tranche issue. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
Liberty Mutual adjusts target for 11th Mystic cat bond, now $120m-$150m (Artemis.bm)
Lloyds pension scheme completes three longevity swaps totalling £4.8bn (PensionsAge)
Lloyds pension scheme completes three longevity swaps totalling £4.8bn (PensionsAge)
Lloyds Banking Group Pensions Trustees Limited has completed three longevity hedging transactions with Rothesay Life totaling £4.8 billion, covering liabilities across three pension schemes: Lloyds Bank Pension Scheme No.1 (£3.1 billion), Lloyds Bank Pension Scheme No.2 (£0.7 billion), and HBOS Final Salary Pension Scheme (£1 billion). These insurance policies, backed by major global reinsurers including Prudential Financial, protect the schemes from unexpected increases in members' life expectancy and build on two previous swaps announced in March 2025 worth £5.1 billion. The transactions closed between September and December 2025. [Source: PensionsAge]
#Longevity#Pensions#UnitedKingdom#ART
·pensionsage.com·
Lloyds pension scheme completes three longevity swaps totalling £4.8bn (PensionsAge)
AXA XL secures $175m Galileo Re 2025-1 retro cat bond, priced at low-end (Artemis.bm)
AXA XL secures $175m Galileo Re 2025-1 retro cat bond, priced at low-end (Artemis.bm)
AXA XL will issue $175 million Galileo Re Ltd. (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S., DC, Puerto Rico, and Virgin Islands named storms, as well as U.S. and Canada earthquakes, on a per-occurrence and weighted industry loss index trigger basis.. [Source: Artemis.bm]
#CAT#ILS#ART
·artemis.bm·
AXA XL secures $175m Galileo Re 2025-1 retro cat bond, priced at low-end (Artemis.bm)
Germania Insurance to sponsor debut $100m Handshake Re cat bond (Artemis.bm)
Germania Insurance to sponsor debut $100m Handshake Re cat bond (Artemis.bm)
Texas-based Germania Farm Mutual Insurance Association is looking to issue at least $100 million Handshake Re Ltd. (Series 2025-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from losses from named storms, severe thunderstorms and winter storms in the state of Texas on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#ART#ILS#CAT#UnitedStates
·artemis.bm·
Germania Insurance to sponsor debut $100m Handshake Re cat bond (Artemis.bm)
RenaissanceRe sponsoring $200m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
RenaissanceRe sponsoring $200m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
RenaissanceRe is looking to issue at least $200 million Mona Lisa Re Ltd. (Series 2026-1) two-tranche catastrophe (CAT) bonds ($100 million Class A five-year notes and $100 million Class B four-year notes). They will cover losses caused by U.S., Puerto Rico, U.S. Virgin Islands, and D.C. named storm and earthquake events, as well as Canadian earthquakes, on an annual aggregate industry-loss trigger basis. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
RenaissanceRe sponsoring $200m Mona Lisa Re 2026-1 retro cat bond (Artemis.bm)
Beazley secures the biggest cyber cat bond so far, as PoleStar Re 2026-1 priced at $300m (Artemis.bm)
Beazley secures the biggest cyber cat bond so far, as PoleStar Re 2026-1 priced at $300m (Artemis.bm)
U.K.-based Beazley will issue $300 million PoleStar Re Ltd. (Series 2026-1) three-tranche three-year cyber catastrophe (CAT) bonds, versus the original $200 million target. They will cover losses from major cyber loss events that impact its underwriting entities on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#ILS#CAT#ART#UnitedKingdom#CyberRisk
·artemis.bm·
Beazley secures the biggest cyber cat bond so far, as PoleStar Re 2026-1 priced at $300m (Artemis.bm)
The Hartford secures $270m Foundation Re IV 2026-1 cat bond priced below guidance (Artemis.bm)
The Hartford secures $270m Foundation Re IV 2026-1 cat bond priced below guidance (Artemis.bm)
U.S.-based Hartford will issue $270 million Foundation Re IV Ltd. (Series 2026-1) single-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms and earthquakes, including for D.C. and Puerto Rico, on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
The Hartford secures $270m Foundation Re IV 2026-1 cat bond priced below guidance (Artemis.bm)
AXA XL seeks capital markets retrocession with $175m Galileo Re 2025-1 cat bond (Artemis.bm)
AXA XL seeks capital markets retrocession with $175m Galileo Re 2025-1 cat bond (Artemis.bm)
[November 17, 2025] AXA XL is looking to issue at least $175 million Galileo Re Ltd. (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from U.S., DC, Puerto Rico, and Virgin Islands named storms, as well as U.S. and Canada earthquakes, on a per-occurrence and weighted industry loss index trigger basis.. [Source: Artemis.bm]
#ART#ILS#CAT
·artemis.bm·
AXA XL seeks capital markets retrocession with $175m Galileo Re 2025-1 cat bond (Artemis.bm)
Farmers secures upsized $400m Topanga Re 2025-1 cat bond at reduced pricing (Artemis.bm)
Farmers secures upsized $400m Topanga Re 2025-1 cat bond at reduced pricing (Artemis.bm)
U.S.-based Farmers Insurance Group will issue $300 million Topanga Re (Series 2025-1) two-tranche four-year catastrophe (CAT) bonds versus the original $300 million target. They will cover certain losses from named storms, earthquakes, severe weather and wildfires affecting the United States on a per-occurrence and indemnity trigger basis. [Source: Artemis.bm]
#ART#CAT#ILS#UnitedStates
·artemis.bm·
Farmers secures upsized $400m Topanga Re 2025-1 cat bond at reduced pricing (Artemis.bm)