Global Parametrics Highlights How Parametric Products & Cat Bonds Can Scale Humanitarian Risk Financing
Global Parametrics’ new whitepaper argues that catastrophe bonds and parametric insurance can help bridge the widening humanitarian financing gap, which stands at roughly 36% of the projected $50 billion need in 2024. The report highlights that multi‑year cat bonds can unlock large pools of private capital, offering longer‑term protection than traditional reinsurance. It also notes that several NGOs, including UNICEF and IFRC, have already piloted climate‑linked insurance, while cat bonds remain nascent in the sector. The firm cautions that higher costs, payout speed, and operational complexity must be weighed against the benefits.
LGT Reinsurer Lumen Re Secures $175m of Retro From Debut Photon Re 2026-1 Cat Bond
Lumen Re, the reinsurance arm of LGT ILS Partners, completed its debut Photon Re Series 2026‑1 catastrophe bond, locking in $175 million of fully‑collateralized retrocession protection against North American peak perils. The issuance was priced below the original guidance, with the...
Slide Secures Its Largest Cat Bond yet, as $320m Purple Re 2026-1 Issuance Priced
Slide Insurance Company priced its Purple Re Ltd. Series 2026‑1 catastrophe bond, upsizing the issuance to $320 million and securing a 6.5% risk‑interest spread below initial guidance. The fully collateralized, three‑year named‑storm reinsurance covers Florida, South Carolina, Rhode Island, New Jersey and New York,...
SageSure Moves up to Third in Our Cat Bond Sponsor Leaderboard, as Largest Gateway Re Closes
SageSure has risen to third place on the Artemis catastrophe‑bond sponsor leaderboard after closing its largest Gateway Re issuance, a $670 million multi‑peril cat bond. The transaction brings the MGU’s outstanding risk capital to just over $3.1 billion across 12 issuances. The...
L&G to Maintain Exposure to Catastrophe Bonds Despite Spread Tightening
Legal & General Investment Management will keep its catastrophe‑bond exposure despite recent spread compression. The firm’s portfolio, estimated at a minimum of $400 million, remains in diversified multi‑asset funds while it waits for more attractive entry points. Turner and Dietz note...
Challenger Life’s Cat Bond Investments Beat Benchmark in Last Half-Year
Challenger Life, an Australian life insurer, reported that its catastrophe bond and broader insurance‑linked securities (ILS) investments outperformed the Plenum CAT Bond UCITS Fund Index over the last six months. The cat bond segment delivered a return above the index’s...
Florida State Pension Invests $200m in Tangency Q/S Fund, $200m in Nephila Specialty Vehicle
The Florida State Board of Administration allocated $400 million to insurance‑linked securities on behalf of the Florida Retirement System Pension Plan. $200 million went to Tangency Capital’s Select Market Access Fund, a quota‑share reinsurance vehicle, while another $200 million was placed in Nephila...
RenRe’s New Stratos Fund Is a Managed Cat Bond Account for a Single Institutional Investor
RenaissanceRe launched the Stratos Fund, a $260.4 million catastrophe‑bond segregated account managed exclusively for a single institutional investor. The capital was transferred from the co‑mingled Medici cat‑bond strategy, making Stratos a fund‑of‑one rather than a multi‑investor vehicle. It is the second...
Oxbridge Re Unveils New Tokenized Reinsurance Sidecar Securities with 20% & 42% Return Targets
Oxbridge Re Holdings has launched two new tokenized reinsurance sidecar tranches, T20-2027 and T42-2027, targeting 20% and 42% annual returns. The securities are issued on the Solana blockchain, replacing the earlier Avalanche platform. Prior token offerings delivered strong performance, including...
Arbol and Pollen Systems Partner on Parametric Product for Agricultural & Climate Challenges
Arbol and Pollen Systems, backed by Esri and Omniris, have launched a parametric insurance product that fuses AI‑driven risk models with real‑time satellite, drone and field data. The solution leverages Esri’s GIS platform to deliver location‑aware insights throughout the policy...
Plymouth Rock Sponsoring Debut Catastrophe Bond, $100m Tremont Re 2026-1
Plymouth Rock, a northeastern U.S. insurer, has launched its first catastrophe bond, seeking $100 million of named‑storm reinsurance through the Tremont Re Ltd. Series 2026‑1 issuance. The Bermuda‑based issuer will sell a single Class A tranche with a three‑year term, an attachment point...
Global Warming Expected to Drive Structural Growth in ILS Spreads: Solidum Partners
Solidum Partners says global warming will structurally expand ILS spreads. As natural disaster frequency and severity increase, traditional reinsurers face capital constraints under Solvency II, limiting their capacity. ILS instruments, being event‑specific and fully collateralized, can absorb tail risk, leading investors...
DClimate Launches Tyche to Bring On-Chain Transparency to Catastrophe Reinsurance
Decentralised climate platform dClimate has launched Tyche, a blockchain‑based marketplace that tokenises catastrophe reinsurance using ERC‑20 assets. The platform recorded $20 million of notional risk during last year’s hurricane season and relies on dClimate’s AI‑driven Aegis engine for real‑time pricing and...