Catastrophe bonds and insurance-linked securities news

Tower Hill Insurance Exchange has now successfully priced its latest catastrophe bond to secure the two-third upsized $375 million of fully-collateralized reinsurance protection against named storm losses in Florida from the Winston Re Ltd. (Series 2026-1) issuance, while each of the three tranches of notes priced well below their initial guidance ranges, Artemis can report.

Florida’s Citizens Property Insurance Corporation is back in the market looking to sponsor another catastrophe bond, with an initial target to secure $450 million or more in reinsurance protection from a new Everglades Re II Ltd. (Series 2026-1), Artemis has learned.

American Coastal Insurance Company (AmCoastal Insurance) continues to seek $200 million in multi-peril reinsurance from the capital markets from its Armor Re II Ltd. (Series 2026-1) catastrophe bond issuance, but the company is now aiming to capitalize on investor appetite and has adjusted and tightened the price guidance for the notes on offer, Artemis has […]

Coming off a remarkable 2025, which saw the registration of new collateralized insurer class of companies in Bermuda climb to its highest level ever, early indicators for Q1 2026 suggest a continuation of this growth trend with seven new special purpose insurers (SPIs) and two new collateralized insurers having registered in Bermuda during the opening […]

The catastrophe bond and insurance-linked securities sector can be a significant beneficiary of the revolution in artificial intelligence (AI), with applications such as process improvement, enhanced underwriting and analytics, as well as powering the ILS industry to do more, speakers discussed at the SIFMA ILS conference in Miami last week.

As the data centre build-out continues to expand as an emerging field across the industry, it appears very likely that insurers, reinsurers and various organisations may turn towards catastrophe bonds to source risk capital for these facilities, according to John Seo of Fermat Capital Management LLC.

A magnitude 7.5 earthquake struck off the northeastern Japanese coast along the Sanriku region of Hokkaido and Iwate prefecture at around 4.50pm local time Monday (8.50am UK), with small tsunami waves already reported and a warning of the potential for higher waves imminently.

Tower Hill Insurance Exchange is now targeting a second reduction in pricing for its new catastrophe bond sponsorship, maintaining the top-end $375 million target for reinsurance protection from the Winston Re Ltd. (Series 2026-1) issuance, while lowering price guidance again for all three tranches of notes on offer, Artemis can report.

The Prudential Regulation Authority (PRA) of the Bank of England has confirmed that it will continue to work with the HM Treasury on further reforms to enhance insurance-linked securities (ILS) and catastrophe bond frameworks in the United Kingdom in order to amplify competitiveness within the market.

Zurich’s successful sponsorship of its $150 million Turicum Re Ltd. (Series 2026-1) issuance, which provides the firm with a multi-year and fully-collateralized source of US named storm and earthquake reinsurance protection, enables the company to re-establish its presence and reputation in the growing insurance-linked securities (ILS) market, Paolo Mantero, Head of Group Reinsurance has said.