Floridians for Lawsuit Reform has announced a significant increase in catastrophe bond sponsors issuing over $500 million, citing data from Artemis. The organization attributes this growth to Florida's litigation reforms, which they say have attracted new capital to the insurance market. This announcement was made on the social media platform X.
According to Artemis, the number of catastrophe bond sponsors with more than $500 million of outstanding cat bond protection increased from 22 in 2024 to 32 in 2025. This represents a 46% year-over-year increase, identified by Artemis as one of the largest jumps in recent years for this market segment. The publication notes that this surge reflects renewed investor confidence and a growing recognition of cat bonds as a key risk-transfer tool in the global insurance sector.
Artemis also reports that 31 out of these 32 sponsors have more than one cat bond issuance outstanding at present. This finding underscores the growing commitment of large sponsors to the insurance-linked securities (ILS) market and indicates a willingness to use multiple structures for risk management. The trend is particularly important for catastrophe-prone states like Florida, as it means more diversified capital sources are available to support property insurance.
The same analysis by Artemis identifies seven sponsor names that now each have more than $2 billion of cat bonds in force, marking a substantial concentration of risk capital among leading issuers. These large-scale sponsors are crucial to the growth and stability of the catastrophe bond market, especially as regions like Florida seek to attract more capital. Artemis concludes that having multiple billion-dollar sponsors enhances the resilience and capacity of the global reinsurance market.
According to its official website, Floridians for Lawsuit Reform is a non-profit advocacy organization dedicated to advancing legal reforms aimed at reducing lawsuit abuse and creating a more stable insurance market in Florida. The group regularly highlights the link between legal reform and market confidence while promoting policy solutions that support both consumers and insurers. Its mission is to ensure Florida remains an attractive environment for private investment and competitive insurance options.