ILS & Cat Bonds

Insurance-Linked Securities

Cat bond issuance, ILS fund performance, sidecars, retrocession, and market structure.

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Insurance-Linked Securities ·Catastrophe Bonds

NOAA forecasts 55% chance of below-normal Atlantic hurricane season, as El Nino nears

NOAA projects a 55% likelihood of below-normal Atlantic hurricane activity for the 2026 season, influenced by an 82% chance of El Niño developing between May and July. This forecast is significant for reinsurance and insurance-linked securities markets, as reduced hurricane activity could impact risk assessments and pricing strategies.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

Mangrove secures upsized $111m of reinsurance from debut Buttonwood Re cat bond

Mangrove Property Insurance has raised $111 million in named storm reinsurance through its inaugural Buttonwood Re catastrophe bond, with all tranches pricing at the lower end of initial guidance. This upsized issuance underscores strong market demand for insurance-linked securities, particularly in the homeowners' insurance sector, and enhances Mangrove's capacity to manage risk.

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Insurance-Linked Securities ·Catastrophe Bonds

ILS / non-traditional capital a “critical extension” of traditional reinsurance: Bolding, Gallagher Securities

Jason Bolding, CEO of Gallagher Securities, emphasized that insurance-linked securities (ILS) and non-traditional reinsurance capital have become essential components of capital models for insurers, shifting the focus from whether to engage with these instruments to how to integrate them effectively. This evolution highlights the growing importance of ILS in achieving medium to long-term strategic objectives in the reinsurance market.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

Patriot Select secures $310m of catastrophe reinsurance, with $145m for second events

Patriot Select Property and Casualty Insurance Company has finalized its 2026 catastrophe reinsurance renewal, securing a total of $310 million, which includes $220 million from the private market and $90 million from the Florida Hurricane Catastrophe Fund (FHCF), along with $145 million specifically for second events. This move highlights improving market conditions and the company's strategic focus on risk management in a volatile environment.

Artemis·
Insurance-Linked Securities ·Reinsurance

Gallagher Securities report finds institutional investors increasing exposure to insurance-linked assets

Gallagher Securities reports a growing interest among institutional investors in insurance-linked assets, with 60% of surveyed investors prioritizing scalable, transparent structures that enhance direct participation in underwriting performance. This trend underscores a shift towards more integrated investment strategies in the reinsurance sector, highlighting the potential for increased capital inflow into these assets.

Reinsurance News·
Insurance-Linked Securities ·Catastrophe Bonds

Willis, Global Parametrics deliver parametric rainfall payout to coffee farmers in Vietnam

Willis and Global Parametrics have executed the first parametric rainfall payout to coffee farmers in Vietnam, facilitated by a policy with Bao Minh Insurance Corporation. This initiative, launched in late 2025, highlights the growing importance of parametric insurance solutions in agriculture, addressing climate-related risks and providing timely financial support to farmers.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

60% of institutional investors intend to increase ILS allocations: Gallagher Securities survey

A Gallagher Securities survey reveals that 60% of institutional investors plan to boost their allocations to insurance-linked securities (ILS), particularly catastrophe bonds. This trend highlights a growing confidence in ILS as a viable investment strategy amid market volatility, signaling potential increased capital flow into this sector.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

Northern Re adds Head of Data Science to enhance modelling and analytical capabilities

Northern Re has appointed Tarek Frahi as Head of Data Science to strengthen its modelling and analytical capabilities, aiming to improve its long-tail casualty underwriting business. This strategic hire is significant for institutional investors as it signals Northern Re's commitment to leveraging advanced data analytics to enhance risk assessment and investment returns in the reinsurance and insurance-linked securities sectors.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

SCOR secures $75m Atlas Capital 2026-1 cat bond priced at low-end, bolstering retrocession

SCOR has successfully issued a $75 million catastrophe bond under its Atlas Capital DAC (Series 2026-1), priced at the low end of initial guidance, enhancing its retrocession capacity. This move reflects SCOR's strategy to strengthen its risk management framework amid evolving market conditions. The issuance underscores the ongoing demand for insurance-linked securities as a tool for capital management in the reinsurance sector.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

NCDEX launches India’s first exchange-traded parametric weather derivative RAINMUMBAI

NCDEX has launched India's first exchange-traded parametric weather derivative, RAINMUMBAI, aimed at helping participants manage financial risks associated with rainfall variability in Mumbai. This development is significant for institutional investors in reinsurance and insurance-linked securities, as it introduces a new hedging tool in the Indian market. The product's success could enhance market liquidity and attract further investment in weather-related financial instruments.

Artemis·
Insurance-Linked Securities ·Catastrophe Bonds

One Alliance North America: Debut cat bond supports ability to protect policyholders

One Alliance North America has successfully issued its inaugural $115 million catastrophe bond, One Shield Re Ltd. (Series 2026-1), aimed at enhancing its capacity to protect policyholders and communities. This upsized transaction underscores the growing importance of catastrophe bonds in the reinsurance market, providing critical risk transfer solutions amid increasing climate-related challenges.

Artemis·

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