Market Brief
Strong performance in ILS and reinsurance
Sunday, May 31, 2026
Market Memo
Aspen Insurance reported a significant Q1 2026 underwriting income of $79.1 million, driven by a combined ratio improvement to 89.1% and lower catastrophe losses. Additionally, Aspen Capital Markets saw an 11% rise in fee income to $50.6 million, supported by a 23% increase in assets under management to $2.73 billion. Meanwhile, Jamaica issued a $200 million catastrophe bond, indicating strong investor confidence in the ILS market.
This positive trend in the reinsurance market continues from earlier this week, where reports indicated a growing appetite for ILS products and improved operational efficiencies among key players. The issuance of Jamaica's cat bond aligns with the ongoing increase in institutional investor interest in alternative risk transfer solutions.