capital markets

The Texas Windstorm Insurance Association (TWIA) has made some progress in determining how much in reinsurance and catastrophe bonds it will buy in 2026, as its Actuarial & Underwriting Committee met yesterday in a lengthy meeting to select a weighting methodology for a blending of risk models to derive the 1-in-50 year PML.

Our latest video features the second panel discussion of the day at Artemis London 2025, a session focused on the catastrophe bond market segment, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.

Fundamental Global Inc. (FG Nexus) has entered an agreement to sell a majority stake of its FG Reinsurance Division (FGRe) to Devondale Holdings LLC, led by renowned industry veteran Tom Heise.

Some 67% of insurers and reinsurers surveyed by investment giant BlackRock said they intend to utilise reinsurance sidecars over the coming year, while 54% expect to increase their use of third-party capital sources, underscoring the continued push to more efficient management of capital in the sector.

As investor appetite continues to broaden beyond property catastrophe, Vantage Risk is building a “mosaic of capital providers,” matching different investors with different risks, from short-tail cat exposures to long-tail casualty and credit lines, according to Chris McKeown, Chief Executive, Reinsurance, ILS, and Innovation.

Irrespective of lower claims experience over the last year in natural catastrophe reinsurance business, Hannover Re’s German subsidiary E+S Rückversicherung AG has said that it expects demand for property catastrophe reinsurance will continue to rise, while insurance-linked securities (ILS) business is also seen as an area of opportunity for the group.

Speaking during Marsh McLennan’s Q3 2025 earnings call, John Doyle, President of the firm said that dedicated reinsurance capital is projected to reach $650 billion by the end of 2025, while also stating that the reinsurance market remains resilient in the face of elevated nat cat losses, geopolitical instability and an uncertain macroeconomic landscape.

Integral ILS Ltd., an independent alternative investment manager focused on natural catastrophe insurance and reinsurance investments, has appointed Kenny Walsh in Bermuda, who joins the organisation as a Financial Controller.

Clarisse Kopff, Member of the Board of Management at Munich Re, expressed that the company expects pricing to be a key topic of discussion at the 2025 Baden-Baden Reinsurance Meeting next week, while also emphasizing that the reinsurer is ready to deploy more capital ahead of the January renewals with structures projected to hold.

Insurance-linked securities (ILS) capital is shaping reinsurance pricing in the upper-layers, but how the year-end renewals will play out depends on the rest of hurricane season, the potential for any capital to be trapped and the amount of fresh inflows, according to Mike van der Straaten, the CEO of Antares Global.