With the National Flood Insurance Program’s (NFIP) latest loss estimate for 2024’s hurricane Helene understood to be standing higher than the attachment levels for a number of its FloodSmart Re catastrophe bonds, we have learned of further extensions of maturity and one tranche being allowed to mature as now deemed not at-risk.
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Price Forbes Capital Markets, the investment banking and ILS capital raising unit of reinsurance broker Price Forbes Re, has hired Mike Ward from Artex Risk Solutions as Vice President of its Capital Markets team in Bermuda.
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Nascent Re Ltd. a licensed reinsurance transformer owned and operated by Bermuda-based Nascent Group, has completed its first issuance of listed insurance-linked securities, as a €10 million tranche of OFS Re Series 2026-001 preferred shares have been admitted to the Bermuda Stock Exchange (BSX).
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Heritage Insurance Holdings, Inc. continues to seek $250 million or more in collateralized US named storm reinsurance from its Citrus Re Ltd. (Series 2026-1) issuance, but the company is now aiming to capitalize on investor appetite and has lowered and tightened the price guidance for the notes on offer, this publication has learned.
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With the conflict in the Middle East continuing to drive uncertainty and financial market volatility, Hong Kong based specialist insurance-linked securities (ILS) investment firm ILS Advisers has highlighted how catastrophe bonds can present a “compelling fixed income refuge” for allocators.
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Kin Insurance, the direct to consumer insurtech, is back in the catastrophe bond market and for the first time seeking hurricane reinsurance across more states than just Florida, with an initial $300 million target for this new Hestia Re Ltd. (Series 2026-1) issuance, Artemis understands.
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Severe convective storm (SCS) outbreaks across parts of the United States this week are anticipated to drive insurance market losses in the low to mid-single-digit range, according to initial analysis from reinsurance brokers Gallagher Re and Aon.
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The Government of Jamaica has announced its intention to renew its Caribbean Catastrophe Risk Insurance Facility (CCRIF-SPC) parametric risk transfer coverage in May 2026. However, there has been no confirmation regarding the potential for any renewal of its World Bank-facilitated catastrophe bond.
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Ernie Garateix, CEO of Heritage Insurance Holdings, Inc., the nationally expansive, Florida headquartered property and casualty insurer, anticipates the June reinsurance renewals offering his company a chance to secure incremental capacity and improved pricing.
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Speaking today, Hannover Re’s Sven Althoff explained that softening trends seen in property catastrophe reinsurance are expected to continue through 2026, while he also said that the ongoing conflict in the Middle East could have ramifications for certain specialty lines the reinsurance firm underwrites.
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Tokio Marine & Nichido Fire Insurance Co. Ltd. is now targeting mid-guidance pricing for the $100 million of multi-year collateralized earthquake reinsurance protection it aims to secure from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, Artemis has learned.
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As the catastrophe bond market continues to expand, WTW has highlighted these instruments as an appropriate asset class within a total portfolio approach (TPA). The company notes that cat bonds enhance both portfolio return distribution and diversification, offering returns that remain uncorrelated to traditional asset classes.
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Hannover Re has reported its full-year 2025 results this morning, with a meaningful increase to net income and clear growth in property and casualty risks, while on the large loss side insurance-linked securities (ILS) capital sources ended up supporting roughly 20% of the large losses it experienced.
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Catastrophe data aggregator PERILS AG has published a fourth and final industry loss estimate of nearly AU $1.88 billion for Cyclone Alfred, which affected the Australian states of Queensland and New South Wales during the period of February 28 to March 12, 2025.
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