US Coastal secures $330m in US named storm reinsurance with first cat bond
US Insurance Company (USCIC) and US Coastal Property and Casualty Insurance Company (USCPC)—together known as US Coastal—have sponsored a debut catastrophe bond, securing $330 million in US named storm reinsurance through its Chartwell Re Ltd. (Series 2025-1) issuance.
The cat bond provides indemnity-triggered, per-occurrence reinsurance protection against named storm losses across US Coastal’s hurricane-exposed states: Alabama, Florida, Mississippi, New Jersey, New York, Rhode Island, and Texas.
It features a cascading, shared-limit structure across both entities—each with partially distinct ownership—allowing for coordinated and efficient capital deployment across the group.
This deal represents a significant milestone in US Coastal’s risk transfer evolution, consolidating two reinsurance programs into a single, streamlined platform designed for long-term engagement with capital markets.
The issuance was upsized from an initial $310 million target and priced below initial guidance across all tranches, reflecting strong investor demand and confidence in both the structure and the sponsor.
Programme & Agenda
Our agenda is in the early stages of development at this time, but expect a full-day of catastrophe bond and insurance-linked securities (ILS) focused insights.
The Artemis London 2025 conference will be filled with insightful talks and panel discussions from leading ILS, reinsurance and capital market executives, as well as plenty of time for valuable networking and meetings.
Expect a full day of forward-looking discussion from catastrophe bond, ILS, insurance and reinsurance market thought-leaders and guests, as well as opportunities to learn from and interact with our speaker faculty and a chance to network with senior decision makers from across the insurance-linked securities (ILS), reinsurance and investment market.
