Catastrophe bonds and insurance-linked securities news

Netherlands headquartered European insurance group Achmea is back in the catastrophe bond market again, looking to secure at least €75 million in collateralized European windstorm reinsurance protection from the capital markets with a Windmill III Re DAC (2026-1) issuance, Artemis can report.

Howden Capital Markets & Advisory (HCMA), the insurance and reinsurance broker’s investment banking and insurance-linked securities (ILS) specialist unit, has announced the hire of Adil Imani from Verisk, who joins as an ILS focused Vice President.

American Integrity Insurance Company has renewed a solid $409.1 million increase in reinsurance limit this year, helped by its latest catastrophe bond transaction, resulting in a reinsurance tower that now extends to $2.99 billion.

Another new Japanese denominated private catastrophe bond arrangement has been issued by Artex Axcell Re, the Bermuda based Artex Risk Solutions operated transformer entity, with the roughly US $3.8 million Artex Axcell Re (Series FE0005) transaction potentially another renewal of a recently matured private cat bond deal.

The Hanover Insurance Group, Inc. has raised the target size for its fourth catastrophe bond sponsorship by 50%, with now up $150 million of US-wide multi-peril reinsurance protection being sought from the Commonwealth Re Ltd. (Series 2026-1) transaction, Artemis has learned.

The California Earthquake Authority (CEA) has raised the target size of its latest catastrophe bond sponsorship a second time, now seeking up to $425 million of fully-collateralized earthquake reinsurance protection from this Sutter Re Ltd. (Series 2026-1) issuance, Artemis can report.

Palomar Insurance Holdings, the speciality US insurer that offers largely catastrophe exposed property products, has lifted the top of its reinsurance tower to provide as much as $3.92 billion of earthquake reinsurance protection at the renewals, with multi-year catastrophe bonds set to provide $1.28 billion of coverage for 2026.

The California Earthquake Authority (CEA) is looking to upsize its latest catastrophe bond sponsorship, with the target raised one-third to $400 million of fully-collateralized earthquake reinsurance protection from this Sutter Re Ltd. (Series 2026-1) issuance, Artemis has learned.

Oak Global, the specialist Lloyd’s underwriting company, has successfully priced its debut catastrophe bond sponsorship, securing a 100% upsized $150 million of retrocessional protection from the capital markets from its Arthur Re Ltd. – Quercian Re 2026-1 cat bond issuance, while the notes priced below initial guidance, Artemis has learned.

Reinsurance buyers in Florida continue to turn to and leverage the catastrophe bond amidst rising appetite for risks from the state and softening of property catastrophe rates, with over $3.2 billion of new Florida-focused cat bonds having been issued thus far for 12 sponsors in 2026 year-to-date (up to May 12, 2026), according to Guy […]