Here are the ten most popular news articles, week ending July 20th 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics.To ensure you never miss a thing or get our email alerts for every article we publish..

Nephila leadership: Six years into Markel Group ownership, platform has evolved materially In an exclusive interview, Co-Founder Greg Hagood and Chief Investment Officer Jessica Laird of Nephila Capital, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, told Artemis that during the past six years of Markel Group ownership, the Nephila business is a “materially enhanced platform offering a broader suite of investment portfolios for its investors.” TWIA reinsurance and cat bond tower may shrink as loss funding mandate drops to 1-in-50 year Recent legislative changes enacted in Texas have halved the state mandated calculation for the amount of loss funding the Texas Windstorm Insurance Association (TWIA) is required to have in place, from a 1-in-100 year minimum, down to a 1-in-50 year, which may result in less reinsurance and catastrophe bonds being purchased in 2026.Another cat bond market record: 12-month issuance near $23 billion The catastrophe bond market has just had its busiest 12-month period on record, as issuance between August 2024 and July 2025 has now reached just slightly under $23 billion, marking a landmark stretch of activity for this segment of the insurance-linked securities (ILS) market.Arch’s Claveau Re retro cat bond a total loss as remaining $48m to pay out Arch Capital is set to recover the remainder of its $150 million of retrocessional reinsurance protection from what was its debut property catastrophe bond issuance, the global multi-peril focused Claveau Re Ltd.

(Series 2021-1).Covered aggregate losses are now understood to have eroded the remaining principal, Artemis has learned.UK Gov confirms new cat bond, ISPV timelines.

Launches new consultation to enhance ILS regime The Government of the United Kingdom has confirmed new authorisation targets for new insurance special purpose vehicle (ISPV) applications, as well as a 10-day target for certain insurance-linked securities (ILS) arrangements, while also launching a new consultation on a more flexible and extended risk transformation regime.Aon estimates global insured catastrophe losses at $100bn for H1 2025 Insured losses from catastrophe events across the globe in the first half of 2025 increased to at least $100 billion, which marks the second highest recorded after 2011’s $140 billion, with the increase heavily driven by the California wildfires and severe convective storm (SCS) activity in the US, according to broker Aon.Casualty ILS growth calls for built-in legacy exit strategies: Augment Risk’s Jass As the insurance-linked securities (ILS) market continues to evolve, one of the most significant emerging areas is casualty ILS, and Jag Jass, Partner, Retrospective at reinsurance broker Augment Risk, argues that every casualty ILS transaction should also include built-in exit options with the legacy market to help expand and deepen that base.

Artemis London 2025: Already 60 organisations registered.Who can you meet? We wanted to provide an early view of who you can meet if you register to join our upcoming catastrophe bond and insurance-linked securities (ILS) conference, .Held in London on September 2nd, the event will feature a full-day of in-depth discussion about the ILS market and valuable networking.

ILS helps absorb the megaton risks insurers can’t carry alone: MLC As climate-driven disasters continue to intensify globally, insurance-linked securities (ILS) are being positioned not only as a source of uncorrelated returns but as essential social infrastructure, according to Gareth Abley and Jehan Sukhla, Co-Heads of Alternatives at MLC Asset Management.HSBC Bank USA hires Commisso to enhance cat bond and ILS trust capabilities HSBC Bank USA, N.A.has announced a key hire to enhance its capabilities in the provision of corporate trusts to the insurance-linked securities (ILS) market, bringing Michael Commisso to the firm from his previous role at BNY.

This is not every article published on Artemis during the last week, just the most popular among our readers over the last seven days..To ensure you always stay up to date with Artemis and never miss a story .

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