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.
ILS capacity reaches new highs as growth weighs on reinsurance pricing: AM Best
27th August 2026
A new AM Best report, part of the rating agency’s pre-RVS 2026 review of the global reinsurance industry, has suggested that ILS capacity continues to reach new highs, with market participants citing the growth as a driver of softer reinsurance pricing at mid-year renewals, and its expansion outpacing that of ... Read the full article
More favourable reinsurance conditions strengthen insurers ahead of 2026 hurricane season: KBRA
7th July 2026
KBRA, the US-based global credit ratings agency, says that more favourable reinsurance conditions are providing insurers with stronger protection ahead of the 2026 Atlantic hurricane season, despite warning that a quieter seasonal outlook does not remove the threat of significant catastrophe losses. The ratings agency argues that greater reinsurance availability, lower ... Read the full article
Catastrophe bond issuance exceeds $11.3bn in record second quarter: Artemis
7th July 2026
After a busy opening quarter of the year, strong catastrophe bond and related insurance-linked securities (ILS) issuance momentum continued in the second quarter of 2026, with a quarterly record of more than $11.3 billion of issuance from a record 48 transactions, reports Artemis. Now available ... Read the full article
TFP’s Syndicate 3123 secures $75m of multi-year nat cat reinsurance via first cat bond
2nd July 2026
The Fidelis Partnership (TFP), a specialty insurance and reinsurance group, has announced that Syndicate 3123, one of its Lloyd's syndicates, has successfully secured $75 million of reinsurance protection from the capital markets through its first catastrophe bond transaction, Woody Re 2026-1. Facilitated through a segregated account of Arthur Re Ltd., a ... Read the full article
Achmea Reinsurance secures €100m of European windstorm & severe thunderstorm retro with latest cat bond
26th June 2026
Achmea Reinsurance Company N.V. has returned to the insurance-linked securities (ILS) market with a €100 million Windmill III Re Series 2026-1 catastrophe bond, providing cover for European windstorm and severe thunderstorm losses on an ultimate net loss, per-occurrence basis. Achmea Reinsurance has entered into a four-year reinsurance agreement with Windmill III ... Read the full article
Artemis Bermuda ILS Roundtable highlights strong market momentum
25th June 2026
In April 2026, our sister publication Artemis held its seventh Bermuda ILS Executive Roundtable in Hamilton, where leaders and experts across the insurance-linked securities (ILS) and reinsurance sector discussed current market trends and future opportunities. In partnership with international law firm Appleby and Moody’s Analytics, a global provider ... Read the full article
Ample capacity drives Florida Citizens’ 2026 risk transfer program amid strong cat bond demand
24th June 2026
Final lines for Florida Citizens Property Insurance Corporation's 2026 risk transfer program reveal that insurance-linked securities (ILS), catastrophe bonds and collateralised markets continue to dominate the insurer's protection purchases, with identifiable third-party capital backing more than half of the traditional reinsurance placement and almost 90% of the overall tower. Two days ... Read the full article
Mexico lifts 2026–2027 parametric-led insurance cover to $596.3m
10th June 2026
The Mexican government is strengthening its commitment to protecting the population from natural disasters by renewing its 2026–2027 catastrophe insurance programme and doubling the insured sum to 10.4 billion pesos (US $596.3 million). According to a government announcement, the renewal will expand the State’s capacity to protect public assets and provide ... Read the full article
Gallagher Re supports OAK Global’s debut cat bond, issued through new platform Arthur Re
4th June 2026
Global reinsurance broker and advisory firm Gallagher Re supported OAK Global’s inaugural entry into the insurance-linked securities (ILS) market via Arthur Re Ltd., its Bermuda-based platform, which is designed to streamline the issuance of index catastrophe bonds by reducing both cost and time to market. OAK Global, a global risk ... Read the full article
CEA’s risk transfer reaches $8.2bn driven by increase in traditional reinsurance
4th June 2026
The California Earthquake Authority (CEA) has increased its total risk transfer limit from $7.912 billion at year-end 2025 to $8.214 billion as of 30th April 2026, driven solely by an increase in traditional reinsurance limit from $5.037 billion to approximately $5.34 billion during the first four months of 2026. As ... Read the full article
OAK Global enters cat bond market with upsized $150m Quercian Re issuance
3rd June 2026
OAK Global, a global risk partner underwriting through two dedicated syndicates at Lloyd's, has sponsored its debut catastrophe bond through an upsized $150 million Quercian Re 2026-1 issuance. Structured on an annual aggregate industry loss trigger basis, the transaction provides OAK Reinsurance Syndicate 2843 with fully collateralised, multi-year retrocession protection against ... Read the full article
Palomar’s earthquake reinsurance limit up to $3.92bn after June renewal
29th May 2026
Palomar Holdings, Inc., a US-based specialty insurance company focused on property and casualty coverage, has successfully completed its June 1st reinsurance placement, securing approximately $421 million of incremental limit to support the growth of its earthquake franchise. The company’s reinsurance coverage now extends to $3.92 billion for earthquake events and $135 ... Read the full article
T&Cs hold firm, catastrophe reinsurance rates down closer to 20% at mid-year renewals: KBW
29th May 2026
KBW, the investment bank and financial services research firm specialising in the insurance sector, has indicated a more challenging mid-year catastrophe reinsurance renewal environment for sellers, with pricing reductions nearer 20% than 15%, particularly for Florida-focused business, while terms and conditions (T&Cs) are seen as largely holding firm. This conclusion was ... Read the full article
Heritage Insurance secures more multi-year protection at reinsurance renewal
29th May 2026
Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has confirmed the completion of its 2026-2027 indemnity-based catastrophe excess-of-loss reinsurance programme for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company and Zephyr Insurance Company. The overall consolidated cost of the programme is expected to ... Read the full article
SCOR gets $75m of multi-year nat cat reinsurance with latest cat bond
28th May 2026
SCOR, the France-based global reinsurance group, has completed the sponsorship of a new catastrophe bond, Atlas Capital DAC Series 2026-1, securing USD 75 million in multi-year protection against a range of natural catastrophe risks. The issuance provides cover for named storms across the United States and the Caribbean, earthquakes in the ... Read the full article
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