Catastrophe bonds and insurance-linked securities news

The Bermuda Stock Exchange (BSX) continues to optimise its process for listing new insurance-linked securities (ILS), with a streamlining announced that will allow for guaranteed next day listings, with same day possible in certain cases, for previously approved insurance-linked securities (ILS) programmes.

As the insurance-linked securities (ILS) and catastrophe bond markets continue to embrace artificial intelligence (AI), the technology has the potential to help expand the market into new sectors like data centre risks, according to Ethan Powell, Principal and CIO of Brookmont Capital Management.

US insurer Progressive has renewed its per-occurrence property catastrophe excess-of-loss reinsurance program to provide it with $2.19 billion of limits for first events affecting Florida and $1.85 billion of coverage for first events impacting other states, at the June 1 renewals.

With just a few weeks until our next catastrophe bond and insurance-linked securities (ILS) market conference, we have added three more expert speakers to the Artemis London 2026 website today. You must register soon to attend and join us on September 1st, for a full-day of in-depth ILS market discussion and valuable networking.

Seasonal tightening of catastrophe bond spreads accelerated in the month of July 2026, resulting in the catastrophe bond market yield or coupon available to investors declining to 9.29% by the end of the month, according to the latest data on cat bond yields from Plenum Investments.

Catastrophe bond fund strategies in the UCITS format saw performance accelerate through recent weeks as seasonality boosted returns, but the 12-month rolling return average across the Plenum CAT Bond UCITS Fund Indices has now declined to just under 10% for the first time this year.

Third-party capital in reinsurance, deployed through alternative capital vehicles, catastrophe bonds and insurance-linked securities, is projected to grow roughly 6% over the course of this year, to end 2026 around a record $130 billion level, according to the latest data from AM Best and Guy Carpenter.

Twelve Securis is combining its catastrophe bond and private ILS focused investment teams, to consolidate and optimise its approach to managing dedicated strategies and blended portfolios, while at the same time the firm also stated that long-standing senior employee Etienne Schwartz is departing the firm.

A new report from analysts at J.P. Morgan has suggested that while the catastrophe bond market has witnessed exceptional growth in 2026, insurance-linked securities (ILS) and alternative capital are looking more disciplined, exhibiting few of the undisciplined behaviours witnessed in the last soft market.

Speaking this morning during an earnings call, Munich Re’s CFO Andrew Buchanan gave the clearest explanation for why the global reinsurance company has reduced its retrocessional protection considerably, saying the company puts the effort into underwriting so it can keep the risk and has the financial strength to warehouse it.