Everest Group has now priced its latest catastrophe bonds, securing the upsized $630 million of multi-peril collateralized North America focused retrocession from its new Kilimanjaro III Re Ltd. (Series 2026-1) and Kilimanjaro III Re Ltd. (Series 2026-2) transactions, while the six tranches of notes all priced at their lowest ends of guidance, Artemis can report.
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The Florida State Board of Administration has reiterated its view that, with property catastrophe reinsurance rates softening fast catastrophe exposed insurance-linked securities (ILS) could become less attractive and the investor is even envisioning a potential “significant reduction” if the direction of travel persists.
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Pre-arranged financing through macro-level disaster risk instruments, including catastrophe bonds and parametric insurance, are deemed a practical, scalable solution that can deliver financial support for early action to support recovery and resilience, the United Nations World Food Programme (WFP) has explained.
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A new study, co-authored by Dr. Benjamin Hohermuth of Schroders Capital, alongside researchers from ETH Zurich, MeteoSwiss, and Stanford University, suggests that standard vendor models used by the majority of insurance-linked securities (ILS) managers contain inherent limitations by overlooking changes in hurricane frequency.
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The Natural Disaster Fund (NDF), a largely parametric risk transfer focused public-private partnership funded by UK and German governmental entities and managed by Global Parametrics (part of CelsiusPro Group) has signed up a major new capacity provider in global re/insurer MS Amlin.
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The Los Angeles Department of Water and Power (LADWP) is back in the catastrophe bond market for its fourth deal sponsorship, seeking up to $100 million of California wildfire protection from a 123 Lights Re Ltd. (Series 2026-1) offering, Artemis can report.
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Andrew Creed, Group President and Group Chief Financial Officer of legacy acquirer RiverStone International, highlighted that as the legacy and run-off market continues to evolve, having insurance-linked securities (ILS) solutions readily available is becoming increasingly valuable for global operators.
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The ability of insurance-linked securities investments to deliver a differentiated source of returns compared to broader capital market instruments remains primary in the list of motivations for investing into the asset class, analysis from Gallagher Securities found.
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German insurer Gothaer Allgemeine Versicherungs AG has now secured its targeted €100 million of reinsurance limit to cover flood events in Germany through its debut catastrophe bond, as the Yardstick Re DAC (Series 2026-1) issuance has been priced below initial guidance, Artemis has learned.
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The $75 million Arthur Re Ltd. – Woody Re 2026-1 catastrophe bond issuance that is coming to market to provide industry-loss triggered multi-peril reinsurance to benefit the Fidelis Partnership linked Syndicate 3123 at Lloyd’s, is now targeted for lower pricing, Artemis can report.
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Florida’s Citizens Property Insurance Corporation once again benefited from meaningful ILS manager and capital markets support for its traditional reinsurance needs in 2026, with these third-party capital investors taking 52% of the placement, while Nephila Capital was the largest single participant.
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Everest Group has fixed its target on an upsized $630 million of multi-peril collateralized North America focused retrocession from its new Kilimanjaro III Re Ltd. (Series 2026-1) and Kilimanjaro III Re Ltd. (Series 2026-2) catastrophe bonds, while the price guidance has fallen for a second time, Artemis has learned.
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Ariel Sociedade Seguradora de Propósito Específico S.A. (Ariel SSPE), the insurance-linked securities (ILS) platform in Brazil, has announced that it has appointed Laercio Vicente to its executive team, who brings direct experience in structuring Brazil’s Letras de Risco de Seguro (LRS, Insurance Risk Letters), the country’s unique ILS instrument.
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Porch Group, the US homeowners specialist insurer, has entered the catastrophe bond market for the first time, aiming to secure $100 million in multi-peril collateralized catastrophe reinsurance through a debut Harbor Crest Re Ltd. (Series 2026-1) issuance, Artemis has learned.
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