Catastrophe bond issuance for the first-half of 2026 is now projected to reach $16.3 billion according to the latest Artemis Deal Directory data, which could rise further as there remain a number of offerings in the market which could upsize, while further new deals could emerge.
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Tradecraft ILS Advisors has been launched as a new independent consulting and advisory firm focused on the insurance-linked securities (ILS) market by well-known industry executive and former AXIS ILS leader Kyle Freeman.
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US primary insurer Allstate has begun the new annual aggregate risk period, that its catastrophe bonds and excess of loss reinsurance are subject to, with a reported $870 million of pre-tax catastrophe losses in April 2026.
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The mid-year 2026 property catastrophe reinsurance renewals are seeing pricing outcomes skewing towards the worst end of a -15% to-20%+ range, while catastrophe bonds have become more of a competitive threat to reinsurers now given longer-durations of cover and better rates, according to Aditya Dutt, President of Aeolus Capital Management.
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The Massachusetts Property Insurance Underwriting Association (MPIUA) has returned to the catastrophe bond market with an initial target to secure $150 million or more in multi-peril aggregate reinsurance protection through this new Mayflower Re Ltd. (Series 2026-1) issuance, our sources have explained.
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Allstate has now secured its targeted $200 million four year source of Florida catastrophe reinsurance protection with its latest catastrophe bond, pricing the notes from this Sanders Re III Ltd. (Series 2026-2) issuance below guidance, Artemis understands.
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We’ve learned that State Farm returned to the catastrophe bond market in recent weeks and has now secured a significant $1.5 billion of reinsurance protection through a Merna Re Enterprise Ltd. (Series 2026-1) issuance, which becomes one of the largest cat bond offerings ever.
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US weather agency NOAA anticipates an 82% chance of El Niño between May to July and with the warm phase of the El Niño-Southern Oscillation seen to moderate tropical activity in the Atlantic, the first forecast from NOAA for the 2026 Atlantic hurricane season is for a 55% chance of below-normal activity levels.
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Mangrove Property Insurance has successfully secured an upsized $111 million of named storm reinsurance protection from its debut Buttonwood Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with all four tranches of notes pricing for spreads at the bottom ends of initial guidance or lower, Artemis can report.
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When deciding whether to access insurance-linked securities (ILS) and non-traditional sources of reinsurance capital, the question is no longer whether to engage. Rather it has shifted to identifying how to bring it into your capital model effectively and meet medium to long-term strategic goals, Jason Bolding, CEO of Gallagher Securities has said.
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Patriot Select Property and Casualty Insurance Company, a Florida based insurer, has announced the completion of its 2026 catastrophe reinsurance renewal, with $220 million of private market limit, $90 million of FHCF cover and $145 million to protect against second and subsequent events.
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Insurance broker Willis and Global Parametrics, a CelsiusPro Group company, have delivered the first payout to coffee farmers in the Central Highlands of Vietnam under a high rainfall parametric solution placed with Bao Minh Insurance Corporation in Vietnam in late 2025.
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A survey of institutional investors recently undertaken by Gallagher Securities found that 60% are intending to increase their allocations to insurance-linked investments, with catastrophe bonds and similar insurance-linked securities (ILS) seen as the main type of assets in focus.
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Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced the hiring of Tarek Frahi as Head of Data Science, a move designed to help the company enhance its modelling and analytical capabilities.
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