Reinsurance News
cat bond
Private ILS premium environment remains healthy: Artemis ILS NYC 2026 video
11th March 2026
The track record of private insurance-linked securities (ILS) fund strategies continues to attract greater attention, and while capital raising is more challenging in private ILS and blended strategies, in comparison to pure catastrophe bonds, conditions in this part of the market continue to improve, according to industry experts at the ... Read the full article
SageSure and SURE close record-breaking $670m cat bond
19th February 2026
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, and SureChoice Underwriters Reciprocal Exchange (SURE), a member-owned reciprocal exchange, have successfully closed the Gateway Re Ltd. Series 2026-1 catastrophe bond. The transaction closed at an original principal amount of $670 million, marking the franchise’s largest issuance ... Read the full article
TD Insurance sponsors second cat bond focused on Canadian risks
30th January 2026
TD Insurance (TDI) has successfully sponsored its second catastrophe bond, MMIFS Re Ltd. (Series 2026-1), which will provide additional reinsurance capacity through a multi-year risk transfer of C$115m aggregate protection against named storms, earthquakes, severe convective storms, winter storms, and wildfires in Canada. The reinsurance from this cat bond will ... Read the full article
SageSure and GeoVera Nova close $200mn cat bond, Meritage Re’s first issuance
22nd January 2026
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, and GeoVera Nova, a provider of earthquake, wind, and residential and commercial property insurance, have announced the closing of the inaugural Meritage Re Ltd. Series 2026-1 catastrophe bond at $200 million. This is the first issuance of ... Read the full article
Record $7bn+ Q4 catastrophe bond issuance takes market to new heights: Artemis
7th January 2026
The catastrophe bond and related insurance-linked securities (ILS) marketplace broke numerous records in 2025, as a huge 122 transactions brought a record $25.6 billion of new issuance to market, supported by 15 new market entrants, according to the latest Artemis report. The Artemis Q4 and ... Read the full article
Willis Re expects further easing of conditions, greater competition & continued new supply in 2026
31st December 2025
Willis Re, a reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a softening in reinsurance pricing over 2025, with ... Read the full article
QBE secures $400m of international peak peril reinsurance with latest cat bond
30th December 2025
QBE, the Australia-headquartered global insurance and reinsurance company, has now successfully closed its latest catastrophe bond to secure the $400 million of international peak peril reinsurance from the Bridge Street Re Ltd. (Series 2025-2) issuance. This is the second issuance of Notes for Bridge Street Re, and will provide QBE and ... Read the full article
Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilience
17th November 2025
Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-linked loans. Swiss Re says insurance-linked loans, alongside parametric insurance, catastrophe bonds, and contingent ... Read the full article
Hurricane Melissa triggers $150mn World Bank cat bond for Jamaica
7th November 2025
The Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage, backed by a World Bank catastrophe bond, following the devastating impact of Hurricane Melissa. Hurricane Melissa was the thirteenth named storm and the fourth major hurricane of the 2025 North Atlantic hurricane season. For ... Read the full article
Q3 2025 cat bond issuance of $1bn+ takes nine-month total to record $18.6bn: Artemis
2nd October 2025
Catastrophe bond and related insurance-linked securities (ILS) issuance of $1.036 billion in the third quarter of 2025 has taken issuance for the nine-month period to September 30th, 2025, to $18.6 billion, which is a new annual record for the market, according to the latest quarterly report from Artemis. Read the full article
ILS market continues to break records: Fitch Ratings
28th August 2025
Insurance linked securities (ILS) capital has continued to break records in 2025, according to a recent report by Fitch Ratings, with catastrophe bonds issuance reaching unprecedented numbers, total alternative capital also hitting a record high, and sidecar growth. A surge in investor interest, both existing players and new entrants, has funnelled ... Read the full article
Q2 2025 cat bond issuance hits record $10.5bn: Artemis
3rd July 2025
The second quarter of 2025 was another record period for the catastrophe bond market, with issuance of $10.5 billion from 38 transactions comprised of 58 tranches of notes, ensuring that new annual records have been set for 144A property cat bond and total 144A cat bond and related ILS issuance, ... Read the full article
Ariel Re secures $150m of multi-peril retro reinsurance with latest cat bond
2nd July 2025
Global reinsurer Ariel Re has successfully sponsored its fifth catastrophe bond, Titania Re 2025-1, providing it with $150 million of multi-peril retrocessional reinsurance protection with a state-weighted industry loss trigger over four years. Consistent with prior transactions, detailed in the Deal Directory of our sister publication, Artemis, the bond offers ... Read the full article
Retained earnings lift global reinsurer capital to record $720bn in Q1’25: Aon
1st July 2025
Analysis by insurance and reinsurance broking group Aon estimates that global reinsurer capital increased by almost 1%, or $5 billion in the first quarter of 2025 to $720 billion, driven by growth in traditional capital as the alternative portion remained at a record high. In 2024, global reinsurer capital grew by ... Read the full article
ILS and collateralised reinsurers dominate Florida Citizens 2025 renewal
24th June 2025
Final lines for Florida Citizens Property Insurance Corporation's 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower for the year ahead. Yesterday, we reported that Citizens, Florida's insurer of last resort, had successfully secured ... Read the full article
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