Market Brief
Market developments in reinsurance and ILS
Wednesday, June 3, 2026
Market Memo
BMS Group has appointed Catarine Xavier Silva as Operations Manager for BMS Re Brazil to enhance its Premium and Claims department, aiming to strengthen its operational framework in the Brazilian market. Additionally, AM Best upgraded FuSure Re's Financial Strength Rating to A, citing improved capital strength and support from Tencent, which suggests a positive outlook for the reinsurer's growth in the Asia-Pacific region. Meanwhile, cat bond yields increased to 9.42% in May, indicating a softening market despite a year-over-year decline of nearly 14%.
Today's developments align with a week of notable activity in the reinsurance sector, including strategic appointments and rating upgrades. The rise in cat bond yields also reflects ongoing trends in the ILS market, highlighting investor sentiment as the hurricane season approaches.