Catastrophe bonds and insurance-linked securities news

While the industry has spent considerable time implementing ways that capital enters ILS vehicles, the mechanism for how it exits has often been treated as an afterthought. Artex Capital Solutions is dedicating effort towards building vehicles that provide a clear entry and a clear exit, with CEO Kathleen Faries emphasising that delivering clarity at the […]

While the insurance-linked securities (ILS) market stands as foundational source of reinsurance capital and continues to expand across various products, regions and perils, ILS Bermuda has highlighted the island’s central role in driving the global sector forward.

As major hurricane Simon’s path shifted west it appears to have remained offshore of the important parametric trigger zones related to the $175 million IBRD CAR Mexico 2024 (Pacific) catastrophe bond, according to analysis by Isacco Loconte an insurance-linked securities (ILS) Investment Specialist at asset manager Azimut Switzerland SA.

The Bermuda Stock Exchange (BSX) has now listed in total 169 new catastrophe bond notes and insurance-linked securities structures in the first three-quarters of 2026, maintaining its global position as ILS listings leader and becoming home to the vast majority of listed ILS issuance so far this year.

Hurricane Simon in the Pacific remains a very strong storm at major hurricane strength and is expected to sustain that status when it nears landfall on the Mexico coastline on Sunday, with its intensification and deeper pressure now putting the $175 million IBRD CAR Mexico 2024 (Pacific) parametric catastrophe bond at potential risk.

According to reports from Nepalese news sources, the country’s government Council of Ministers has approved signing a Mandate Agreement for the Nepal Earthquake Catastrophe Bond project with the World Bank.

Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned.

US military mutual insurer USAA has returned to the catastrophe bond market to sponsor what will be the 48th cat bond that we have analysed and tracked from the company, with an initial target for $225 million or more in reinsurance from this Residential Reinsurance 2026 Limited (Series 2026-2) issuance, Artemis has learned.

Our latest video features the second panel discussion of the day at our recent Artemis London 2026 catastrophe bond and insurance-linked securities conference, a session focused on catastrophe bonds and what the current state of the market means for investor, ILS investment manager and sponsor discipline.

We’ve learned that the new Great Wall Re Limited catastrophe bond issuance is $12 million in size, so presumably will provide an equivalent amount of capital markets backed reinsurance to the sponsoring Chinese domestic insurer, PICC Property and Casualty Company Limited.