Nationwide Mutual Returns with $200m Target for Aquila Re I 2026-1 Catastrophe Bond
Nationwide Mutual Insurance Co. is re‑entering the catastrophe‑bond market with a target of at least $200 million in multi‑peril reinsurance through the Aquila Re I Ltd. Series 2026‑1 transaction. The deal will issue two $100 million tranches—Class A‑1 priced at 4‑4.75% and Class B‑1 at 4.75‑5.5%—and will provide coverage for U.S. named storms, earthquakes, wildfires and other perils from June 2026 through May 2030. This four‑year bond extends the term beyond Nationwide’s prior three‑year cat bonds and will replace the $300 million 2023‑1 bond that matures in 2024.
Tower Hill Lifts Winston Re 2026-1 Cat Bond Target to as Much as $375m
Tower Hill Insurance Exchange has increased its target for the Winston Re Ltd. Series 2026‑1 catastrophe bond to as much as $375 million, up from the original $225 million goal. The upsized issuance covers three tranches—Class A, B and C—with each tranche’s size and...
Ariel Re Secures $125m of Retro From First Titania Re Cat Bond to Use London Bridge 2 PCC
Ariel Re has priced its sixth catastrophe bond, securing $125 million of U.S. multi‑peril retrocession through the Titania Re 2026‑1 issuance. The deal uses the Lloyd’s‑backed London Bridge 2 PCC structure, marking the first time a Titania Re cat bond has employed this...
Cat Bond Market Fundamentals Are Tremendous. Growth Absolutely Expected & Sustainable: John Seo
John Seo, co‑founder of Fermat Capital, said the catastrophe bond market’s fundamentals are "tremendous" and that recent growth is both expected and sustainable. He highlighted the surge in US catastrophe insurance risk and a shifting institutional mindset that now treats...
Galapagos Capital SSPE Issues R$13.5m LRS, Its Second Under the Brazilian ILS Regime
Galapagos Capital’s Brazil‑based SSPE has issued a second Letra de Risco de Seguro (LRS) worth R$13.5 million (≈ $2.7 million), this time to guarantee a tax‑contingency that enabled an agribusiness M&A deal. The transaction was completed in just 20 days, underscoring the speed...
Enstar and Artex Partner on Exit Solutions for ILS Structures, Aim to Solve Trapped Capital Issue
Enstar and Artex Capital Solutions have teamed up to embed structured exit options within Artex‑managed insurance‑linked securities (ILS) vehicles. The partnership introduces forward‑exit and retrospective solutions designed to free up trapped capital that often locks investors’ funds in legacy reinsurance...
Moody’s Seeks Feedback on Pooled Structures of Insurance-Linked Securities (ILS)
Moody’s Ratings has released a discussion paper seeking market feedback on pooled structures of insurance‑linked securities (ILS). The agency wants input on investor appetite, risk‑assessment data needs, modeling approaches, and legal considerations for ILS‑backed securities that bundle multiple cat bonds...
AI Treated as Force-Multiplier for Cyber Losses. Introduces Aggregation, Correlation Risks: CyberCube
CyberCube warns that artificial intelligence is becoming a force‑multiplier for cyber losses, accelerating attack speed and scale. The firm says AI compresses the cyber‑attack lifecycle, making recovery capability a key loss driver. It urges insurers and reinsurers to embed AI‑specific...
Convex Targets $200m of Retrocession with Its Fourth Hypatia Catastrophe Bond
Convex Group is launching its fourth catastrophe bond through Bermuda‑based Hypatia Ltd., aiming to raise at least $200 million of retrocession. The Series 2026‑1 bond will provide aggregate industry‑loss‑triggered protection for U.S. hurricane and earthquake risks, with an attachment point of $150 billion...
Collateralised Fronting the Centrepiece of Hannover Re’s Broad ILS Offering: Sehm & Horstmann
Hannover Re has bolstered its insurance‑linked securities (ILS) platform with the launch of Hannover Re Capital Partners, a Bermuda‑based sidecar structure that began operations in early 2026. Executives Silke Sehm and Patrick Horstmann highlighted collateralised fronting as the firm’s largest...
NYC 100-Year Hurricane Insured Losses Could Reach $100bn, Says KCC
Karen Clark & Company warns that a 100‑year return period hurricane striking New York could generate over $100 billion in insured losses. The state holds roughly $9 trillion of insured property value, with $6 trillion concentrated along its coast. A rarer 250‑year event...
Catastrophe Bonds Highlighted as a Critical Tool for Impact-Focused Fixed Income
Catastrophe bonds, a subset of insurance‑linked securities, are gaining attention as an impact‑focused fixed‑income tool. As climate‑driven disasters increase, these bonds transfer disaster risk to capital markets, delivering rapid liquidity for sovereign and sub‑sovereign issuers such as Mexico and Jamaica....
Arch Capital’s Voussoir Re Sidecar Issues and Lists 2026-3 Preferred Shares
Arch Capital’s Bermuda‑based Voussoir Re sidecar has issued 1,000 Series 2026‑3 non‑voting, redeemable preferred shares, each with a $0.01 par value. The shares were privately placed with qualified investors and listed on the Bermuda Stock Exchange under sponsor Artex Corporate Services....
EU Nat Cat Insurance Pool Could Be Enhanced by Cat Bonds and ILS: EIOPA / ESM Paper
The European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM) have proposed a premium‑financed, EU‑wide natural catastrophe insurance pool backed by a loan‑based backstop of up to €65 bn (about $70 bn). The pool would diversify risk across...
How PCS Integrates Contributor, Verisk, and Public Data to Define Industry Losses: White
Property Claim Services (PCS), Verisk’s specialist unit for industry loss estimates, detailed its methodology for designating and quantifying U.S. tropical cyclones, severe thunderstorms and winter storms. The process blends data from roughly 150 contributor insurers, Verisk’s own claims databases, and...
