Artex Axcell Re – Macclesfield 2026-1 notes

A new private catastrophe bond transaction has been issued by an Artex Risk Solutions entity, with this being the first we’ve seen in 2026 so far from the Artex Axcell Re (Bermuda) Limited structure.

This new private catastrophe bond arrangement saw almost $28.26 million of Macclesfield 2026-1 notes brought to market and sold to qualified investors.

Artex Axcell Re has been regularly used over the years for transacting or transforming reinsurance related risks, including through the issuance of private insurance-linked securities (ILS) notes, ranging from collateralized reinsurance to private cat bonds with the help of facilitator Artex.

Artex Axcell Re (Bermuda) Limited, under its ILS Note Program II, has issued almost $28.26 million of Macclesfield 2026-1 notes on behalf of a segregated account, we understand.

This latest private cat bond issuance has a maturity date of September 30th 2031, so may represent a transaction providing reinsurance or retrocessional coverage over a more than one year term.

The almost $28.26 million of Macclesfield 2026-1 notes issued by Artex Axcell Re have been privately placed with qualified institutional investors and are now listed on the Bermuda Stock Exchange (BSX).

As with all of the private ILS or cat bond deals that we report on, until we learn more details we assume this covers a property catastrophe reinsurance or retrocession risk.