Catastrophe bond news

USAA has now priced and secured the 56% upsized target of $350 million of multi-year per-occurrence reinsurance coverage from its new Residential Reinsurance 2026 Limited (Series 2026-2) catastrophe bond issuance, getting the capital markets coverage at pricing levels below guidance, Artemis can report.

As the catastrophe bond market pipeline builds for the fourth-quarter of 2026, we are already tracking what will be only the second ever year where issuance of 144A catastrophe bonds and private cat bond deals has exceeded the $20 billion level, while currently the market remains on a faster issuance pace than 2025.

A survey of 105 institutional investors across the DACH-region undertaken by the German association for alternative investments, shows that an increasing number of allocators in the region are choosing catastrophe bonds and insurance-linked securities, while more indicate they intend to enter the sector.

This new video features the third panel discussion of the day at our recent Artemis London 2026 catastrophe bond and insurance-linked securities conference, a session focused on achieving diversification within the cat bond and ILS asset class and what that actually means for investors.

Hannover Re has for a second time increased the target size of what will be the seventh catastrophe bond offering in the annual Acorn Re parametric US earthquake series of deals, now seeking $450 million of limit from the Acorn Re Ltd. (Series 2026-1) issuance, Artemis understands.

The Government of Mexico has received its first World Bank Catastrophe Deferred Drawdown Option (Cat DDO), which will help the country prepare better and respond more quickly to natural disasters, while also complementing both of its IBRD CAR Mexico 2024 and IBRD CAR Mexico 2024 (Pacific) catastrophe bonds and parametric insurance protection.

Fermat Capital Management, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, is celebrating its 25th birthday this year. The company has published a fantastic article listing 25 catastrophe bonds it feels were particularly notable from over its history, so we spoke with the co-founders to learn more.

US military mutual insurer USAA’s new Residential Reinsurance 2026 Limited (Series 2026-2) catastrophe bond issuance remains at the upsized $350 million target size, but the company seeks to capitalise on investor appetite and has lowered and adjusted the price guidance for the notes on offer again, Artemis has learned.

Hamilton Insurance Group has returned to renew its catastrophe bond and we’re told by sources is looking to upsize on the protection it provides, seeking $250 million or more in collateralized multi-peril retrocessional reinsurance from an Easton Re Ltd. (Series 2027-1) transaction.

Hannover Re’s seventh catastrophe bond offering in the annual Acorn Re parametric US earthquake series of deals looks set to grow, as the target size for this issuance has been raised by 75% to now seek $350 million of limit from the Acorn Re Ltd. (Series 2026-1) issuance, sources have said.