Jack Willard

Bexhill

Junior Journalist at Reinsurance News

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Articles

Q1'25 insured losses hit $56bn, driven by LA wildfires: Gallagher Re

2 days ago | artemis.bm | Jack Willard

Reinsurance broker Gallagher Re has estimated that preliminary total insured catastrophe losses for the first quarter of 2025 reached $56 billion, which makes it the costliest first quarter for the private insurance market and government-sponsored insurance entities since 2011, and 176% higher than the Q1 decadal average of $20 billion (2015–2024).
California wildfires drive Q1 insured cat losses of at least $53bn: Aon

2 days ago | artemis.bm | Jack Willard

According to broker Aon’s Q1 Global Catastrophe Recap, insured losses in the opening quarter of 2025 exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011. Aon’s report notes that the California wildfires contributed approximately $38 billion, or 71% towards this insured loss total.
Rochdale ILW & cat bond fund returns 11.77% with only modest catastrophe impacts

1 week ago | artemis.bm | Jack Willard

The City National Rochdale Select Strategies Fund, a mutual insurance-linked securities (ILS) strategy focused on industry loss warranties (ILWs) and catastrophe bonds, delivered a net return of 11.77% for the year ended January 31, 2025. While down from the 15.58% return recorded the previous year, 2024’s performance still marked a second consecutive year of strong, above-average gains for the interval-style fund.
Investor appetite for cat bonds grows amid market volatility: Guatteri, SRILIAC

1 week ago | artemis.bm | Jack Willard

Institutional investors are increasingly turning to catastrophe bonds and other insurance-linked securities (ILS) as a reliable source of yield, diversification, and macroeconomic resilience, according to Mariagiovanna Guatteri, CEO of Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC). Interest in ILS has been growing steadily since the market’s inception in the 1990s, but macroeconomic conditions in recent years have accelerated institutional demand.
IDB to support LatAm & Caribbean countries on cat bonds & cat swaps

1 week ago | artemis.bm | Jack Willard

The Inter-American Development Bank (IDB) has announced plans to support Latin American and Caribbean nations in issuing catastrophe bonds and swaps, as part of a broader initiative aimed at strengthening financial resilience against natural disasters. This comes as the IDB recently launched its Ready and Resilient Americas program, a regional effort designed to improve disaster preparedness and response while expanding access to financial protection mechanisms.
Generali GC&C to scale up ART & Parametrics, names Pignoli Head

1 week ago | artemis.bm | Jack Willard

Generali Global Corporate & Commercial (GC&C) has named Michele Pignoli as Head of a newly established unit focused on Alternative Risk Transfer (ART) and Parametric insurance solutions, as the company sets its sights on scaling up this segment under its new 2025–2027 Next Level strategic plan.
S&P turns positive on RenRe, cites third-party capital as competitive edge

2 weeks ago | artemis.bm | Jack Willard

RenaissanceRe’s key position in third-party capital management and property-catastrophe reinsurance has cemented its competitive edge, according to S&P Global Ratings, which has revised the outlook on the Bermuda-based reinsurer and its subsidiaries to positive from stable. S&P also affirmed its ‘A-‘ issuer credit ratings on RenRe and its intermediate holding company, DaVinciRe Holdings Ltd., as well as its ‘A+’ issuer credit and financial strength ratings on all core operating subsidiaries.
Hudson Structured (HSCM) promotes Gokul Sudarsana to Partner

2 weeks ago | artemis.bm | Jack Willard

Amid a range of promotions, Hudson Structured Capital Management Ltd. (HSCM), the reinsurance, insurtech, insurance-linked securities (ILS) and transportation focused investment manager, has announced that Gokul Sudarsana has been promoted to become a Partner at the firm. An experienced figure across the sector, Sudarsana also serves as Chief Investment Officer of HSCM’s life insurance investment strategy, and Co-Chief Investment Officer of the firm’s re/insurance strategy.
Fidelis Partnership hires Erik Manning as Head of Ceded Reinsurance

2 weeks ago | artemis.bm | Jack Willard

The Fidelis Partnership (TFP) a privately owned, Bermuda-domiciled managing general underwriter, has appointed reinsurance and insurance-linked securities (ILS) veteran Erik Manning from BMS Re as Head of Ceded Reinsurance. According to the announcement, Manning will start his new role this month. Based in Bermuda, Manning has more than two decades of experience across reinsurance, with a particular focus on retrocession and ILS, including roles in fund management and structuring.
Price guidance narrows for Zenkyoren's $100m Nakama Re 2025-1 quake cat bond

2 weeks ago | artemis.bm | Jack Willard

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, continues to target $100 million or more in aggregate Japan earthquake reinsurance from its latest catastrophe bond, but we’re told the price guidance for the new Nakama Re Pte. Ltd. (Series 2025-1) issuance has now tightened towards the lower-end of initial guidance.