Luke Gallin

Brighton

Senior Journalist at Artemis

Senior Journalist at Reinsurance News

Senior journalist/analyst at https://t.co/TbKMTS5wyG & https://t.co/fMQlEOERoE. All things ILS and reinsurance. MUFC, Murray, Hamilton, & Joshua. Views my own.

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Articles

Great American lifts Riverfront Re 2025 cat bond target to up to $350m

1 week ago | artemis.bm | Luke Gallin

Great American Insurance Group is now targeting between $300 million and $350 million in multi-peril collateralized reinsurance through its Riverfront Re Ltd. (Series 2025-1) transaction, so likely to be its largest catastrophe bond issuance yet, while price spread guidance has been updated for the tranches of notes, Artemis has learned.
Louisiana Citizens targets its largest cat bond with $280m Bayou Re 2025-1 as price guidance narrows

1 week ago | artemis.bm | Luke Gallin

Louisiana Citizens Property Insurance Corporation, a non-profit residential and commercial property insurer for those unable to access private market insurance in the state, is now targeting $280 million of collateralized named storm reinsurance from its Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, while the spread guidance has narrowed from initial guidance, Artemis has learned. Bayou Re Ltd.
Guy Carpenter's revenue up 5% to $1.2bn in Q1'25

1 week ago | reinsurancene.ws | Luke Gallin

Global broking group Marsh McLennan’s reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter’s revenue increased by 5% year on year on both a GAAP and underlying basis and follows strong revenue of approximately $2.4 billion for full year 2024.
PERILS adds severe convective storm to 2025 IED as exposure growth persists

1 week ago | artemis.bm | Luke Gallin

The 2025 Industry Exposure Database (IED) from Zurich-based catastrophe loss data aggregator, PERILS AG, includes market sums insured for the severe convective storm (SCS) peril for the first time, while exposure growth across all markets continues. The 2025 PERILS IED includes markets sums insured exposed to natural perils for 21 countries, containing 67 individual market portfolios.
Artemis webinar: Cat bond and ILS market conditions at mid-year 2025

1 week ago | reinsurancene.ws | Luke Gallin

Our insurance-linked securities (ILS) focused sister publication, Artemis, has partnered with Computershare to host a live webinar during which speakers will discuss catastrophe bond and ILS market conditions at mid-year 2025. Registration is open for this live and free-to-attend webcast, which will be held at 10am EST in the US (3pm BST UK) on June 17th, 2025, and will last for approximately one hour.
Arundo Re expands Indian sub-continent presence with addition of Kshitij Chirimar

1 week ago | reinsurancene.ws | Luke Gallin

French reinsurer Arundo Re has hired Kshitij Chirimar as Senior Underwriter for the Indian sub-continent, expanding the company’s presence across the region. Chirimar brings more than 10 years of reinsurance industry experience to the role, with expertise across a range of non-life business lines.
Record Q1'25 cat bond issuance of $7.1bn the second largest single quarter ever: Report

1 week ago | reinsurancene.ws | Luke Gallin

The catastrophe bond and related insurance-linked securities (ILS) market witnessed a huge $7.1 billion of issuance in the first quarter of 2025, a new record for the period, which helped take the outstanding market size to a new high of $52.2 billion, according to Artemis’ data. The Artemis Q1 2025 Catastrophe Bond and related insurance-linked securities (ILS) Market Report is available to download for free.
SCOR gets $240m of retrocession protection with latest cat bond

2 weeks ago | reinsurancene.ws | Luke Gallin

French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capital DAC (Series 2025-1) is the nineteenth cat bond from SCOR under the Atlas name and the twentieth issuance from the company since 2000.
Sompo names Jason Burns as SVP, Ceded Reinsurance

2 weeks ago | reinsurancene.ws | Luke Gallin

Jason Burns, previously of Chubb and Blue Atlantic Reinsurance, joined property and casualty (P&C) insurer and reinsurer Sompo last month as Senior Vice President (SVP), Ceded Reinsurance. Burns brings more than two decades of re/insurance industry experience to Sompo, having started his career with The Hartford in 2002 as a Financial Analyst.
Sutton National & Bamboo complete reinsurance renewal with new sidecar & cat bond

2 weeks ago | reinsurancene.ws | Luke Gallin

Property and casualty insurer Sutton National and Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., have announced the completion of Bamboo’s reinsurance programme, which includes a debut catastrophe bond and the execution and funding of a 2025 sidecar transaction. As listed on our insurance-linked securities (ILS) focused sister publication, Artemis’ extensive Deal Directory of hundreds of catastrophe bonds, Greengrove Re Ltd.