Best of Artemis, week ending January 26th 2025

Here are the ten most popular news articles, week ending January 26th 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.


Ten most read articles on Artemis.bm, week ending January 26th 2025:

1. LA wildfires: 17,027 structures damaged or destroyed. Insured loss estimates avg $32.5bn
   According to official data from California fire authorities, the wildfires in the Los Angeles region have damaged or destroyed 17,027 structures so far, while the early insurance industry loss estimates from risk modellers average $32.5 billion.
2. Catastrophe bond prices move again on LA wildfires, ~$200m write-down so far
   Some catastrophe bonds saw further negative secondary market price movements due to potential exposure to aggregate attachment erosion, or actual losses, from the Los Angeles and Southern California wildfires.
3. Lloyd’s reaches $1.92bn of capital deployed through London Bridge ILS platform
   The Lloyd’s insurance and reinsurance market has reported that its London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed.
4. Brookmont Cat Bond ETF definitive prospectus filed. NYSE ticker to be ILS
   A definitive prospectus has now been filed with the SEC for the Brookmont Catastrophic Bond ETF, a new exchange traded fund strategy that will be predominantly focused on the catastrophe bond and insurance-linked securities (ILS) asset class.
5. Aetna secures sixteenth Vitality Re health ILS as largest ever at $250m
   Aetna, the health, medical and benefits insurance unit of CVS Health, has now finalised the details of its sixteenth health and medical benefit claim linked insurance-linked securities (ILS) deal, securing the targeted $250 million of reinsurance from the Vitality Re XVI Ltd (Series 2025) issuance and making it the largest Vitality Re deal yet.
6. Mercury says TBC whether LA wildfire losses one event or two under its reinsurance
   Mercury General Corporation, one insurance company with meaningful exposure to claims from the Los Angeles, California wildfires, has said today that it has not yet determined whether it will consider the fires as two separate events under its reinsurance arrangements.
7. Catastrophe bond sponsor leaderboard added 40+ new entries in just over three years
   One of the imperatives for growth of the catastrophe bond market has always been the onboarding of new first time cat bond sponsors into the market and Artemis’ data indicates over 40 have been added to our catastrophe bond sponsor leaderboard in just over three years.
8. Fermat Capital Management hits milestone $10bn cat bond and ILS assets managed
   Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, reached a new milestone in terms of cat bond and ILS assets under management at the end of 2024, surpassing the $10 billion level for the first time.
9. Larger ILS market to offer broader risk management, more diversification: Jefferies
   With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators.
10. Reinsurance losses from LA wildfires unlikely to change trajectory of pricing: Evercore ISI
    In a recent update on the Los Angeles and Southern California wildfires, Evercore ISI analysts have said they believe that losses from the event are unlikely to change the trajectory of reinsurance pricing, which the firm anticipates will still be down 10% to 20% at the mid-year renewals.

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 36 new articles published in the last week.

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