Patriot Select Secures $310m of Catastrophe Reinsurance, with $145m for Second Events
Patriot Select Property and Casualty Insurance completed its 2026 catastrophe reinsurance renewal, securing $310 million of coverage. The program includes $220 million from private markets, $90 million from the Florida Hurricane Catastrophe Fund, and $145 million dedicated to second‑event protection. Improved market conditions and Florida’s legislative reforms helped lower reinsurance costs, allowing the insurer to retain only $3 million of risk per storm. The renewed tower exceeds rating agency requirements and supports double‑digit rate reductions for policyholders.
60% of Institutional Investors Intend to Increase ILS Allocations: Gallagher Securities Survey
A Gallagher Securities survey of more than 60 large institutional investors reveals that 60% plan to increase allocations to insurance‑linked securities (ILS) over the next two years. Catastrophe bonds dominate the interest, with 79% of respondents targeting them, while 53%...
NCDEX Launches India’s First Exchange-Traded Parametric Weather Derivative RAINMUMBAI
The National Commodity and Derivatives Exchange (NCDEX) has launched RAINMUMBAI, India’s first SEBI‑approved exchange‑traded parametric weather derivative. The contract lets market participants hedge financial exposure to extreme or variable rainfall in Mumbai and surrounding areas. Developed with IIT Bombay and...
Favourable Mountain Re 2026-1 Cat Bond Execution Reflects Carrier Strength: Hippo’s McCathron
Hippo Holdings’ subsidiary Spinnaker Insurance closed a $100 million Mountain Re Ltd. Series 2026‑1 catastrophe bond, pricing at the low‑end of its guidance. The three‑year, per‑occurrence bond covers five U.S. perils, adding wildfire exposure for the first time. Strong investor demand highlights...
Solid Underwriting Results Continued in 2025 for Leadenhall Backed Nectaris Re: Am Best
Nectaris Re Ltd., the Leadenhall‑backed Class 3A reinsurance platform, received a third consecutive affirmation of its ‘A’ (excellent) rating from AM Best, citing solid underwriting results from 2023 through 2025. The company generated roughly $13 million in profit after tax in both 2023...
i.AM Innovation Lab Lays Groundwork for Wider ILS Investor Base with Reusable Tokenisation Platform
i.AM Innovation Lab has upgraded its tokenised insurance‑linked securities (ILS) solution from a 2024 pilot with Schroders Capital and Hannover Re to a reusable, institutional‑grade platform. The new system supports larger transactions, allowing funds and pension managers to invest via digital...
Global Property Softening Met by Underwriting Discipline and Rising ART Interest: Aon
Aon’s Q1 2026 Global Insurance Market Overview shows a softening global property re/insurance market, yet underwriting discipline remains strong as insurers focus on risk selection and technical pricing amid climate, secondary peril and geopolitical concerns. Abundant capacity and fierce competition...
AXIS Capital’s Fee Income From Strategic Capital Partner Arrangements Rises in Q1 2026
Axis Capital reported that fee income from its strategic capital partner arrangements climbed to $23 million in the first quarter of 2026, up from $16 million a year earlier. Of that amount, $18 million was recognized as a reimbursement of general and administrative...
As Legacy Market Gets Closer to Live, ILS Exit Opportunity Expected to Persist: IRLA Congress
The IRLA Congress in Brighton highlighted that the legacy and run‑off reinsurance market is increasingly trading like the live market, driven by capital‑light solutions and ILS exit products. Speakers cited growing use of forward‑exit options, rolling capital structures and casualty...
Willis Unveils Sensor-Based Parametric Flood Insurance Solution for UK Racecourses
Willis, the insurance broker of WTW, has introduced a sensor‑based parametric flood insurance product for UK racecourses, developed with Previsico, Descartes Underwriting and Generali. The solution installs flood‑depth sensors at each venue and triggers automatic payouts when pre‑set water‑level thresholds...
Recoletos Re 2026-1 Cat Bond Underscores Mapfre Re’s Disciplined Risk Management: CEO Rosa
Mapfre Re, the reinsurance arm of Spain’s Mapfre Group, closed its third and largest catastrophe bond, the $200 million Recoletos Re DAC Series 2026‑1, at the low‑end of its pricing guidance. The deal introduces the first indemnity‑based, per‑occurrence U.S. named‑storm coverage fully...
TWIA Lifts Alamo Re 2026-1 Cat Bond Target Size to Between $600m and $750m
The Texas Windstorm Insurance Association (TWIA) has increased the target size of its Alamo Re Series 2026‑1 catastrophe bond to between $600 million and $750 million, up from the original $450 million goal. All three tranches – Class A, B and C –...
Florida Citizens Now Targets up to $600m of Reinsurance From Everglades Re II 2026-1 Cat Bond
Florida’s Citizens Property Insurance Corp has increased its reinsurance target for the Everglades Re II Ltd. Series 2026‑1 catastrophe bond from $450 million to as much as $600 million. The three tranches—Class A, B and C—have been expanded in size and their...
UCITS Cat Bond Fund Assets Rise 6.5% YTD in 2026, Near $20.5bn After April
UCITS catastrophe bond funds added $650 million in April, pushing total assets under management to $20.5 bn, a 6.5% year‑to‑date increase. The sector, now composed of 20 pure UCITS funds, has grown 133% since the end of 2022 and accounts for roughly...
Cabrillo’s US Coastal Insurers to Expand Cat Bond Cover with $100m Second Chartwell Re
US Coastal Insurance Company and US Coastal Property & Casualty Insurance Company, administered by Cabrillo Coastal General Insurance Agency, have launched a second catastrophe‑bond program with Chartwell Re Ltd. targeting $100 million of fully‑collateralized reinsurance. The issuance comprises two tranches—a $55 million...
SEADRIF & WFP Launch US$1.1m Parametric Policy to Boost Disaster Resilience in Lao PDR
SEADRIF Insurance Company and the UN World Food Programme have launched a US$1.1 million parametric insurance policy in Lao PDR. The policy provides pre‑arranged financing for floods, tropical cyclones, earthquakes and landslides, triggering payouts when at least 200,000 people are affected....
Howden Re Appoints Tim Radford as Managing Director, Head of Lloyd’s Capital
Howden Re has created a new Managing Director role, appointing Tim Radford as Head of Lloyd’s Capital. The position sits within the firm’s Capital Solutions platform and will coordinate Lloyd’s market capital strategy across Howden Re Capital Solutions and Howden...
Korean Re Seeks Second Solomon Re Cat Bond, Adds Parametric Israel Quake as Covered Peril
Korean Re is sponsoring its second catastrophe bond through Solomon Re Ltd., targeting at least $75 million of retrocession capital. The new Series 2026-1 bond adds a parametric Israel earthquake peril, a rarity in the cat‑bond market. Two tranches are offered: a...
Spinnaker Targets Lower Pricing for New $100m Mountain Re 2026-1 Cat Bond
Spinnaker Insurance is preparing its second catastrophe bond, Mountain Re Ltd. Series 2026‑1, targeting $100 million of multi‑peril reinsurance. The sponsor has reduced the pricing spread to 7.25%‑7.75%, down from an initial 7.75%‑8.5% range. The new issuance adds fire coverage, primarily...
PGGM / PFZW ILS Investments Returned 12.4% in USD, Ended 2025 at $8.904bn AUM
PGGM’s insurance‑linked securities (ILS) portfolio, managed for Dutch pension fund PFZW, posted a 12.4% return in US dollars for full‑year 2025. The portfolio’s assets under management rose to $8.904 bn, a modest increase from $8.68 bn at the end of 2024. ILS...
Swiss Re Targets Lower Pricing for $250m Matterhorn Re 2026-2 Retro Cat Bond
Swiss Re is pursuing $250 million of US named‑storm retrocession through the Matterhorn Re Series 2026‑2 catastrophe bond, its sixteenth takedown under the Bermuda‑based program. The sponsor has lowered pricing guidance, offering Class A notes at a 5.5‑5.75% spread and Class B notes at...
Hiscox Capital Partners ILS Assets Soar to $2.4bn, on $1bn of Inflows Largely to Cat Bond Fund
Hiscox Capital Partners, the ILS arm of Hiscox Re, lifted its assets under management to $2.4 bn as of April 1, 2026 – a 60% increase from the start of the year. The surge reflects roughly $1 bn of new capital, primarily directed...
White Mountains Gets Positive Income From Ark’s Outrigger Re Sidecar in Q1 2026
White Mountains reported that its Ark subsidiary’s Outrigger Re sidecar delivered positive income in Q1 2026 despite no fresh capital injection for the year. The sidecar’s capital fell to $70 million, fully supplied by unaffiliated investors, while the vehicle posted a...
Insurtech AkinovA Hires Gilpin as Group Chief Operating Officer
AkinovA, a technology‑driven re/insurance platform, has appointed Matthew Gilpin as Group Chief Operating Officer. Gilpin, a qualified UK barrister with over 20 years of senior leadership in regulated finance, joins as the firm moves into a new growth phase. His...
Fuse Expands Real-Time Peril Intelligence Platform Watch to Global Markets
Fuse International has launched the global rollout of its Watch platform, a live peril dashboard that aggregates real‑time catastrophe data for commercial insurers. The expansion adds coverage across five macro regions and 22 sub‑regions, integrating ten live feeds from agencies...
Allstate Returns with $200m Target for Florida-Focused Sanders Re III 2026-2 Cat Bond
Allstate is back in the catastrophe‑bond market, targeting a $200 million Florida‑focused issuance under the Sanders Re III 2026‑2 vehicle, with the potential to expand to $400 million if both tranches sell. The deal offers two identical $200 million layers—one with a three‑year term ending...
People’s Trust Targets Mid-Guidance Pricing for Debut $100m GWS Re Cat Bond
People’s Trust Insurance Company, a Florida homeowners specialist, is preparing its debut catastrophe bond issuance through Bermuda‑based GWS Re Limited. The $100 million Series 2026‑1 Class A notes will provide three years of fully‑collateralized Florida named‑storm reinsurance with an indemnity trigger. Pricing guidance...
SCOR Continues to Grow in Property Cat Reinsurance, Sees Market as Competitive
SCOR kicked off 2026 with €220 million ($240 million) adjusted net income and a 21.15% return on equity, both higher than a year earlier. The combined P&C ratio fell to 80.2% thanks to a 4.2% natural‑catastrophe loss ratio, while the firm added...
PRA Reforms Make UK ILS Hub Highly Competitive Globally: Pool Re CEO
The Prudential Regulation Authority’s recent reforms have streamlined the UK insurance‑linked securities (ILS) approval process, turning the market into a highly competitive global hub. Pool Re CEO Tom Clementi highlighted that the new framework reduces red tape, enabling annual catastrophe‑bond...
California Earthquake Authority Returns to Sponsor $300m Sutter Re 2026-1 Cat Bond
The California Earthquake Authority (CEA) is re‑entering the catastrophe‑bond market, targeting $300 million of fully‑collateralized earthquake reinsurance via the Sutter Re Ltd. Series 2026‑1 issuance. The deal will consist of two tranches—a $200 million Class C at a $5.503 billion attachment and a $100 million Class F...
SCOR Returns with $75m Initial Target for Atlas Capital 2026-1 Multi-Peril Cat Bond
SCOR is re‑entering the catastrophe‑bond market with the Atlas Capital DAC Series 2026‑1, initially targeting $75 million of multi‑peril fully‑collateralized retrocession. The bond provides three‑year coverage for U.S., Caribbean, Canada and Europe storms, earthquakes and European windstorms, maturing in June 2029. Pricing guidance...
Best of Artemis, Week Ending May 3rd 2026
Artemis’ weekly roundup highlights accelerating activity in the catastrophe‑bond and insurance‑linked securities space. Notable deals include Jamaica’s $150 million World Bank‑backed storm bond, the UN World Food Programme’s plan to mobilise $100 million for a food‑security cat bond, and Allstate’s record $11.5 billion...
ADB’s Inaugural Catastrophe Bonds to “Pave Way for Future Issuances” – VP Roberta Casali
The Asian Development Bank completed its first disaster‑relief catastrophe bond issuance, raising $160 million—$80 million each for the Kyrgyz Republic and Tajikistan. The capital‑at‑risk notes are priced at par, carry a SOFR‑based coupon plus a 600‑basis‑point risk margin, and mature in May 2029....
Technology Adoption and AI Expands Addressable Markets, Access to Capital: Aon CEO Case
Aon’s CEO Greg Case said AI and advanced technology are expanding the insurer’s addressable market and unlocking new sources of capital. The firm boosted its data‑centre lifecycle insurance capacity to $3.5 billion, positioning itself as a market‑maker for digital‑infrastructure risk. AI‑driven...
Capital Partners an “Important Source of Resilience” For RenaissanceRe: CEO O’Donnell
RenaissanceRe’s Capital Partners unit reported $94 million in total fee income for Q1 2026, with performance fees driving most of the upside. Management fees were $48 million and performance fees $46 million, boosted by strong underwriting and a one‑time deferred fee recognition. CEO Kevin...
Slide Lifting Reinsurance Tower to ~$3.5bn for 2026, Rate Decreases Substantial: CEO Lucas
Slide Insurance Company announced that its first‑event catastrophe reinsurance tower for 2026 will be about $3.5 billion, roughly $1 billion higher than the 2025 program. CEO Bruce Lucas said risk‑adjusted pricing in the Florida market has fallen substantially, with every layer of...
Mt. Logan Has Increasingly Important Role in Everest’s Capital Model. AUM Tops $2.6bn: Williamson
Everest’s third‑party capital vehicle, Mt. Logan Re, reported assets under management of over $2.6 billion, up from $2.5 billion at the start of 2026. President and CEO Jim Williamson said the fund is playing an increasingly pivotal role in Everest’s capital model,...
Markel’s Wilson Concerned About Sidecar-Backed MGA’s Chasing US Casualty Pricing Down
Markel Insurance CEO Simon Wilson warned that sidecar‑backed MGAs are driving US casualty pricing lower, potentially eroding underwriting discipline. He noted that while some MGAs use private capital to expand capacity, aggressive pricing in volatile casualty lines could lead to...
Mapfre Re Targets Low-End Pricing for $200m Recoletos Re 2026-1 Cat Bond
Mapfre Re is targeting the low‑end of its pricing guidance for the $200 million Recoletos Re DAC Series 2026‑1 catastrophe bond, fixing the spread at 4.25% after a prior range of 4.25‑4.75%. The bond will provide indemnity‑triggered retrocession protection for all U.S....
Allstate Buys Nationwide Occurrence Reinsurance to $11.5bn, Gets $1bn New Aggregate Cover
Allstate’s April 2026 reinsurance renewal lifted its Nationwide per‑occurrence excess catastrophe tower to a record $11.5 billion, while securing a new $1 billion aggregate excess reinsurance program covering all property and auto lines, including Florida. The move follows a series of incremental...
Jamaica Returns for New $150m World Bank Cat Bond to Replace Coverage Triggered by Melissa
Jamaica is issuing a $150 million parametric catastrophe bond through the World Bank’s IBRD, slated for a 2026‑2030 term. The new CAR Jamaica 2026 bond replaces the coverage that paid out after Hurricane Melissa triggered the 2024 issuance. It uses a...
Northern Re to Scale Capital Intelligence via Palantir Platform Selection
Northern Re, a collateralized reinsurance firm, announced the selection of Palantir Technologies as its core data platform to enhance capital intelligence. The integration will give underwriting and capital teams a shared, real‑time view of portfolio performance, improving governance and decision‑making....
Palomar Raises Target for Torrey Pines Re 2026-1 Catastrophe Bond to as Much as $410m
Palomar Insurance Holdings has increased the size of its Torrey Pines Re 2026-1 catastrophe bond to a target range of $380 million‑$410 million, up from the original $375 million request. The issuance comprises four tranches—three for California earthquake risk and one for Hawaii...
Convex Reduces Hypatia 2026-1 Retro Cat Bond Size Target to Between $150m – $175m
Convex Group has lowered its target for the Hypatia Ltd. Series 2026‑1 catastrophe bond to a retrocession range of $150 million to $175 million. The tranche of Class A notes will be priced at the midpoint of the original guidance, roughly a 5%...
UK Gov to Legislate for Risk Transformation and ILS Flexibility to Promote Innovation and Growth
The UK Treasury will push primary and secondary legislation to make the risk transformation regime for insurance‑linked securities (ILS) more flexible. Reforms will loosen funding rules, allowing the PRA to waive full paid‑in capital, and broaden authorisation processes for insurance...
USAA Now Targets up to $825m of Reinsurance From Residential Re 2026-1 Cat Bond
USAA has increased its target for the Residential Re 2026‑1 catastrophe bond to between $800 million and $825 million, making it potentially the insurer’s largest ever cat‑bond sponsorship. The issuance comprises three tranches – a $150 million Class 14 aggregate, a $150‑$175 million Class 15 aggregate,...
Travelers Returns with $500m Target for New Long Point Re IV 2026-1 Cat Bond
Travelers Companies is re‑entering the catastrophe‑bond market with a $500 million target for the Long Point Re IV 2026‑1 issuance, a multi‑peril reinsurance deal covering the Northeastern United States. The bond will issue a single Class A tranche, attaching at $2.85 billion of losses...
Notable Rise in ILS Investor Appetite and Sophistication Evident in 2026: Gallagher Re
A Gallagher Re survey of more than 60 insurance‑linked securities (ILS) investors shows a clear majority planning to increase exposure through 2026, with virtually no respondents looking to cut positions. Returns on ILS fell from roughly 14% in 2023 to...
Casualty ILS Transparency Must Match Nat-Cat Standards: Allphins
Allphins warns that casualty insurance‑linked securities (ILS) must achieve the same level of transparency as natural‑cat ILS, citing the market’s rapid expansion to over $5 billion—up from under $1 billion in 2022. The firm argues that investors need granular exposure data and...
Expanding the ILS Perimeter – New Risks, Markets, Capital: ILS NYC 2026 Video
Artemis hosted its tenth ILS NYC conference on February 6, 2026, attracting more than 450 attendees – the largest turnout in the series. A high‑profile panel, moderated by Kathleen Faries, examined how insurance‑linked securities are moving beyond traditional property catastrophe into casualty,...