Reinsurance News
catastrophe bonds
Catastrophe bonds are an insurance-linked securities (ILS) instrument, where insurance and reinsurance related risks are transferred to the capital markets in Rule 144A securitized formats.
Read our catastrophe bond news and analysis below.
Pool Re lifts ILS protection to £200m with latest cat bond
31st March 2026
Britain’s government-backed terrorism reinsurer Pool Re has sponsored its fourth £100 million catastrophe bond, supporting UK economic resilience and protecting businesses from terrorism-related losses while keeping risk in the private markets. Issued through the UK-domiciled special purpose vehicle Baltic PCC Limited, the transaction provides Pool Re with £100 million of collateralised ... Read the full article
Reinsurance pools, retro underpin terrorism risk resilience in a complex threat landscape: Guy Carpenter’s Gallagher
20th March 2026
Tony Gallagher, Regional CEO for Asia Pacific at Guy Carpenter, the global reinsurance broking business and part of Marsh, has set out a detailed case for the central role of reinsurance, retrocession and terrorism pools in supporting market capacity amid a rapidly shifting threat landscape. Speaking at the global forum for ... Read the full article
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 Auros complete $175m US multi-peril cat bond issuance
6th March 2026
SageSure, a US residential property managing general underwriter operating in catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned property insurer, have confirmed the completion of the $175 million Gateway Re Ltd. Series 2026-2 catastrophe bond issuance. The transaction adds to SageSure’s activity in the insurance-linked securities (ILS) ... Read the full article
Lumen Re secures $175m of collateralised protection with inaugural cat bond
26th February 2026
Lumen Re Ltd., the Bermuda-based property catastrophe reinsurer within the insurance-linked securities (ILS) platform of LGT Capital Partners, has closed its inaugural Rule 144A catastrophe bond, Photon Re, securing $175 million of collateralised, index-based protection against severe U.S. and Canadian hurricane and earthquake events across two classes over a four-year ... Read the full article
Humanitarian adoption of cat bonds faces cost, speed, and operational hurdles: Global Parametrics
23rd February 2026
A new report from Global Parametrics has noted that, while catastrophe bond structures can be robust and replicated across different triggers and territories, several hurdles still remain to their effective application in the context of humanitarian organisations. The parametric climate risk insurance provider, part of CelsiusPro Group, has therefore called for ... 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
Catastrophe bonds continued shift into mainstream reinsurance at 1.1: Howden
17th February 2026
Through 2025 and into the January 1, 2026 reinsurance renewals, catastrophe bonds firmly established themselves as a core component of clients’ risk management frameworks, according to Howden Capital Markets & Advisory (HCMA). HCMA noted that catastrophe bond issuance reached record levels in 2025, with volumes approximately 45% higher compared to 2024, ... Read the full article
Fidelis secures $75m of reinsurance protection with latest cat bond
23rd January 2026
Fidelis Insurance Bermuda Limited (FIBL), part of Fidelis Insurance Group, has successfully placed a new catastrophe bond, providing its parent with annual aggregate, industry-loss triggered protection against losses from earthquakes affecting the United States and the District of Columbia. The new catastrophe bond was placed through the issuance of Series 2026-1 ... 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
Groupama sponsors €120m dedicated hail risk cat bond
13th January 2026
Mutual insurance and reinsurance group Groupama has issued the first hail-focused catastrophe bond, structured as an aggregate indemnity to protect its property and motor portfolios in metropolitan France against annual losses from this peril. The €120 million Quercus II Re DAC issuance, effective from January 1, 2026, stands for a duration ... 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
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
Inigo secures $255m of retro reinsurance with fifth cat bond
23rd December 2025
Specialist insurer and reinsurer Inigo Limited has returned to the catastrophe bond market for the fifth consecutive year, issuing its largest series of cat bonds totalling $255 million via Montoya Re Ltd., featuring multiple tranches and introducing cover for Australian earthquake risk for the first time. Inigo’s Syndicate 1301 at Lloyd’s ... Read the full article
Farmers secures $400m indemnity-based coverage through new cat bond
19th December 2025
Farmers Insurance Exchange and its subsidiaries and affiliates, collectively known as the Farmers Insurance Group, have closed a $400 million catastrophe bond, providing indemnity-based coverage that complements their traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners ... Read the full article
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