Catastrophe bonds and insurance-linked securities news

SafePoint Insurance Company has successfully secured its largest catastrophe bond yet, as the Nature Coast Re Ltd. (Series 2026-2) issuance has been priced to provide a 160% upsized $650 million of collateralized reinsurance protection, while the company also managed to get the coverage at a pricing level below initial guidance, Artemis has learned.

The European Fund and Asset Management Association (EFAMA) has urged European Union policymakers to leave the status of catastrophe bonds unchanged in the UCITS Eligible Assets Directive (EAD), calling the asset class a “precious diversifier” and saying that “limiting asset choice within UCITS per se is not in investors’ best interest.”

At our Artemis London 2026 catastrophe bond and insurance-linked securities conference in September, a session focused on catastrophe bonds explored how advances in modelling can help investors further assess risk, and why managers should be cautious about encouraging investors to over-allocate to the asset class when spreads are below average.

Hamilton Insurance Group has secured its largest catastrophe bond yet, as the Easton Re Ltd. (Series 2027-1) deal has now been priced to provide an upsized $300 million of collateralized multi-peril retrocessional reinsurance protection, getting the capital markets coverage at a pricing level below initial guidance, Artemis understands.

NN Group, or Nationale-Nederlanden, has returned to the catastrophe bond market with a target to secure €75 million or more in collateralised reinsurance to cover European perils through sponsorship of an Orange Capital Re DAC (Series 2026-1) offering, Artemis has learned.

Ahead of the Singapore International Reinsurance Conference (SIRC), executives from Howden Re and Howden Capital Markets & Advisory (HCMA) emphasized that regional cedents should incorporate alternative capital into their broader toolkits to negotiate deeper partnerships and maximize optionality as reinsurers seek growth across Asia-Pacific (APAC).

SafePoint, the expansive US primary insurer, is now seeking $100 million of annual aggregate and industry-loss index triggered named storm protection through an Arthur Re Ltd. – Nature Coast Re 2026-3 catastrophe bond offering, that will provide retro reinsurance to its captive reinsurer, sources have said.

The Texas Farm Bureau Insurance Companies has returned to the catastrophe bond market for its second sponsorship, seeking $250 million of named storm reinsurance from a Fish Pond Re Ltd. (Series 2026-1) issuance that looks set to be a renewal of its soon to mature debut cat bond deal, we have been told.

SafePoint Insurance Company has raised the target size for its latest catastrophe bond sponsorship a second time, now seeking $650 million of collateralized reinsurance from its new Nature Coast Re Ltd. (Series 2026-2)  cat bond issuance, Artemis has learned.

Speaking during a recent webinar, executives at Plenum Investments AG outlined that while catastrophe bond risk spreads have tightened around 15% and are expected to decrease around 10% in 2027, cat bonds remain a healthy and very diversifying and attractive asset class.