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.
One Alliance North America enters cat bond market with $115m issuance through One Shield Re
22nd May 2026
One Alliance North America Insurance Company, formerly known as Universal North America Insurance Company, has entered the catastrophe bond market through One Shield Re Ltd., its newly established Bermuda-based Special Purpose Insurer. One Shield Re issued $115 million of Series 2026-1 Class A notes, providing three years of fully collateralized ... Read the full article
Gallagher Securities report finds institutional investors increasing exposure to insurance-linked assets
21st May 2026
Gallagher Securities, the capital markets and advisory division of Arthur J. Gallagher & Co., has reported rising institutional investor interest in insurance-linked assets, with investors increasingly favouring structures that offer scalability, transparency and direct participation in underwriting performance. In its latest report, Unlocking Insurance Capital: The View from Investors, Gallagher Securities ... Read the full article
TWIA’s $2.28bn reinsurance renewal almost signed at comparable ROL to last year
20th May 2026
The Texas Windstorm Insurance Association (TWIA) looks set to secure the entirety of the $1.23 billion of fresh reinsurance it requires to meet its 1-in-50 year probable maximum loss from the traditional market, with Gallagher Re's Allen Cashin confirming yesterday that the programme is now fully committed and will be ... Read the full article
Hippo expands multi-peril coverage to include wildfire with latest catastrophe bond
19th May 2026
Hippo, a technology-native insurance group, has announced the closing of Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond which provides multi-year collateralized reinsurance protection against a broad range of U.S. perils. Sponsored by Spinnaker Insurance Company, a wholly owned subsidiary of Hippo, the issuance consists of a $100 ... Read the full article
Jamaica secures new parametric hurricane cover via World Bank cat bond
19th May 2026
The Government of Jamaica has returned to the catastrophe bond market for a third time with an issuance from the World Bank’s International Bank for Reconstruction and Development (IBRD), renewing a key part of its disaster risk financing infrastructure after its second catastrophe bond was triggered and paid out ... Read the full article
TWIA requires a further $1.23bn of reinsurance to meet 2026 risk transfer needs
18th May 2026
After successfully pricing its latest catastrophe bond, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis, the Texas Windstorm Insurance Association (TWIA) now requires around $1.23 billion of fresh reinsurance to fulfil its risk transfer requirements for 2026. We reported back in February that the TWIA board adopted ... Read the full article
Alternative capital redesigning reinsurance, but still has challenges to face: Guy Carpenter
13th May 2026
Alternative capital is rewriting the rules of reinsurance, and while it seems it is here to stay, its rapid integration brings distinct structural challenges, a recent Guy Carpenter report highlights. The ‘Convergence of Financial and Reinsurance Capital: How catastrophe bonds, sidecars, and financial investors are redesigning the architecture of global reinsurance’ ... Read the full article
Mapfre Re secures $200m US named storm coverage with new cat bond
11th May 2026
Mapfre Re, the reinsurance arm of Mapfre, has completed a $200 million catastrophe bond via its special purpose vehicle Recoletos Re DAC, providing indemnity-based U.S. named storm coverage on a per-occurrence basis over a three-year risk period through June 2029. Mapfre Re explained that with this transaction, it continues to reinforce ... Read the full article
Palomar reports improved reinsurance terms and expands catastrophe bond protection in Q1’26
8th May 2026
Mac Armstrong, the CEO of Palomar Holdings, a US-based speciality insurance company focused on property and casualty coverage, said the firm's 2026 reinsurance renewals delivered stronger economic terms across both property and casualty business lines, while the company also increased its catastrophe protection through the latest Torrey Pines Re bond ... Read the full article
Kin Insurance secures record $335m catastrophe bond deal
7th May 2026
Kin Insurance, a direct-to-consumer digital home insurance company focused on providing cover in regions exposed to severe weather risks, has completed its largest catastrophe bond transaction to date. The agreement, arranged through Hestia Re Ltd. (Series 2026-1), totals $335 million across four separate bonds and is intended to provide long-term financial ... Read the full article
ADB issues inaugural catastrophe bonds for Kyrgyz Republic & Tajikistan
5th May 2026
The Asian Development Bank (ADB) has issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, with two transactions covering earthquake and extreme precipitation risks in Tajikistan and the Kyrgyz Republic. The DRBs will provide rapid and targeted financial support to both countries following severe earthquake or flood ... Read the full article
BMA reports sustained growth in alternative capital and ILS market
20th April 2026
The Bermuda Monetary Authority (BMA), the organisation responsible for regulating Bermuda’s financial services sector, has released data for Q4 2025 showing continued expansion in the island’s alternative capital and insurance-linked securities (ILS) market. According to the figures, Bermuda remains a significant global centre for alternative capital and ILS activity. By the ... Read the full article
Zurich closes $150m cat bond covering U.S. named storms and earthquakes
17th April 2026
Large insurer Zurich has returned to the catastrophe bond market, successfully closing a $150 million catastrophe bond covering U.S. named storms and earthquakes through the Turicum Re 2026-1 issuance. This Turicum Re Ltd. Series 2026-1 issuance is the first Rule 144A natural catastrophe bond sponsored by Zurich since late 2012. Turicum ... Read the full article
Catastrophe bond issuance hits $6.7bn in Q1’26 after record 2025: Artemis
16th April 2026
Catastrophe bond and related insurance-linked securities (ILS) issuance hit $6.7 billion in the first quarter of 2026, as a Q1 record 35 transactions came to market from a host of repeat and three first time sponsors, reports Artemis. The Artemis Q1 2026 catastrophe bond and ... Read the full article
Florida-based Olympus launches inaugural $120m cat bond
15th April 2026
Florida-based homeowners insurance specialist Olympus Insurance has entered the catastrophe bond market for the first time, completing a $120 million multi-year issuance through the newly established Abacab Re Ltd. that provides capital markets-backed reinsurance protection against Florida named storm risk. Initially launched at $100 million in size, with a price guidance ... Read the full article
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