Reinsurance News
insurance-linked securities
Insurance-linked securities (ILS) are a specialist asset class where capital market investors allocate to instruments exposed to insurance and reinsurance risks.
Read our insurance-linked securities 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
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 secures $200m in reinsurance through expanded sidecar platform
10th March 2026
SageSure, the specialist catastrophe-exposed property managing general underwriter (MGU), has closed its second reinsurance sidecar transaction with Seawall Re II Ltd., securing $200 million in capital. Including the debut Seawall Re transaction in July 2025, the SageSure-sponsored sidecar platform has now secured $250 million in less than a year. According to ... 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
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
MS Amlin renews and grows Phoenix Re sidecar to record $115m for 2026
6th January 2026
Global insurer and reinsurer MS Amlin has announced that Phoenix Re, its Asian-focused insurance-linked securities (ILS) vehicle, has been renewed for 2026 to a record $115 million, an increase of $25 million on 2025. As revealed by our ILS-focused sister publication, Artemis, back on December 24th, 2025, this is the ... 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
Swiss Re to create single platform for ILS investment management offering
17th September 2025
Swiss Re has announced the formation of a single platform for its insurance-linked securities (ILS) investment management offering, combining two teams to provide investors with access to its entire suite of products through a single manager. Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC) was established in 2022 and is a SEC-registered ... Read the full article
Aon’s global reinsurance capabilities continue to get stronger, says CEO Greg Case
25th July 2025
After posting 6% organic revenue growth for the second quarter of 2025 in its Reinsurance Solutions operation, global broking giant Aon's Chief Executive Officer (CEO), Greg Case, has highlighted the firm's client-oriented approach and strengthening global capabilities. Earlier today, Aon reported a strong set of Q2 and H1 2025 results, with ... 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
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
Reminder: Register for the Artemis live webinar on cat bond and ILS market trends at mid-year 2025
10th June 2025
Artemis, our insurance-linked securities (ILS) focused sister publication, is hosting a webinar on June 17th, 2025, at 10am EST in the US (3pm BST UK), in collaboration with Computershare, during which market experts will discuss the state of the catastrophe bond and related ILS sector at mid-year 2025. Read the full article
IRB(Re) sponsors Brazil’s inaugural ILS transaction, R$33.7m Andrina
30th May 2025
Brazilian reinsurer IRB(Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE), has issued the first insurance-linked securities (ILS) transaction in the country, a R$33.7 million transaction (USD 5.9m) covering risks related to the reinsurer's surety bond portfolio. This issuance of the first ILS transaction in Brazil comes after ... Read the full article
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