Catastrophe bonds and insurance-linked securities news

Allstate is now focused on securing a $200 million four year source of Florida catastrophe reinsurance protection with its latest catastrophe bond, as a three year tranche of notes has now been dropped from this Sanders Re III Ltd. (Series 2026-2) issuance, Artemis has been told.

Mangrove Property Insurance continues to target between $100 million and $111 million of named storm reinsurance protection from its debut Buttonwood Re Ltd. (Series 2026-1) catastrophe bond sponsorship, but the company seeks to capitalise on investor appetite and has lowered and adjusted the price guidance for the notes on offer again, Artemis has learned.

With the catastrophe bond asset class continuing to gain awareness and traction across investors worldwide, atmencapital is the first asset manager to plan to launch a UCITS catastrophe bond fund that will be domiciled and regulated in France.

Oak Global, the specialist Lloyd’s underwriting company, is in the catastrophe bond market as a sponsor for the first time seeking protection from the capital markets through a $75 million 144A issuance of Arthur Re Ltd. – Quercian Re 2026-1 cat bond notes, Artemis understands.

SCOR, the France-headquartered global reinsurance company, is now targeting lower pricing for its latest catastrophe bond sponsorship, with the price guidance reduced for the $75 million of multi-peril fully-collateralized retrocession it seeks from the Atlas Capital DAC (Series 2026-1) issuance, Artemis can report.

The Government of Jamaica has now successfully secured its one-third upsized target of $200 million of parametric named storm and hurricane insurance protection from its new World Bank facilitated IBRD CAR Jamaica 2026 catastrophe bond issuance, pricing the coverage within guidance, while ILS funds were the main supporters of this deal.

American Coastal Insurance Company (AmCoastal) has successfully renewed its core catastrophe reinsurance program for 2026/27, with first event limit now extending to $1.68 billion, as the company secured 14.4% more in coverage for $1.918 billion of occurrence-based limit in the aggregate.

NJM Insurance has returned to the catastrophe bond market to sponsor its third transaction, initially seeking $150 million or more in northeast US named storm reinsurance from the capital markets with this Lower Ferry Re Ltd. (Series 2026-1) issuance, Artemis has learned.

Nationwide Mutual Insurance Company has successfully secured the upsized target of $350 million of reinsurance from its new Aquila Re I Ltd. (Series 2026-1) catastrophe bond sponsorship, Artemis has learned.

The Texas Windstorm Insurance Association (TWIA) has now successfully priced its new Alamo Re Ltd. (Series 2026-1) catastrophe bond sponsorship, securing the upper-end target for $750 million of capital markets backed reinsurance limit from this issuance, Artemis can report.