Steve Evans

2 days ago | artemis.bm | Steve Evans

The insurance-linked securities (ILS) fund allocation of the Florida State Board of Administration experienced a negative first-quarter of performance due to the wildfire losses at the start of this year. But, the impact seemingly turned out to be less than feared and now staff of the SBA appear to be considering a new ILS fund allocation. Recall that, the Florida State Board of Administration invests into insurance-linked securities (ILS) funds via a number of specialist ILS managers.

2 days ago | artemis.bm | Steve Evans

A former China Construction Bank employee is facing bribery charges in Hong Kong, accused of accepting payments in a crypto currency amounting to US $470,000 from a Vesttoo employee, to authenticate false letters of credit and collateral documentation.

2 days ago | artemis.bm | Steve Evans

Catastrophe bond issuance in 2025 has continued at record pace and already this year is on-track to be the second biggest ever for cat bond issuance, once the current pipeline has settled, with only a further $815 million required to break the annual market record as well, according to Artemis’ data. We’re not even at the half-way point of 2025 and Artemis has now tracked almost $15.06 billion of new issuance across 144A catastrophe bonds and the few private cat bond deals seen year-to-date.

3 days ago | artemis.bm | Steve Evans

Reinsurance broker Guy Carpenter has announced the hire of former Moody’s Insurance Solutions cyber risk modelling and analytics specialist Damini Mago, as its new North American Head of Cyber ILS. Mago had spent more than six years working at Moody’s, having joined when the modelling division was named RMS. She began her career as a Data Scientist at Siemens, joining risk modeller RMS in early 2019 as a Cyber Risk Analyst.

3 days ago | artemis.bm | Steve Evans

Ariel Re, the Bermuda headquartered global reinsurer, is back in the catastrophe bond market this time seeking to add wildfire as a covered peril, as it brings a new $125 million Titania Re Ltd. (Series 2025-1) transaction to build out its capital markets backed retrocessional reinsurance, Artemis can report. This will be the fifth Titania Re catastrophe bond to benefit Ariel Re since the firm’s debut back in 2021.