Cat bond news

Speaking during a recent webinar, executives at Plenum Investments AG outlined that while catastrophe bond risk spreads have tightened around 15% and are expected to decrease around 10% in 2027, cat bonds remain a healthy and very diversifying and attractive asset class.

SafePoint Insurance Company is now seeking its largest catastrophe bond sponsorship ever, as the expansive insurance platform has more than doubled the target size to $600 million for its new Nature Coast Re Ltd. (Series 2026-2)  cat bond issuance, we are told.

The Hartford, a US primary property and casualty insurer, has returned to the catastrophe bond market with an initial target to secure $280 million or more in multi-peril collateralized catastrophe reinsurance protection from the capital markets through sponsorship of a Foundation Re IV Ltd. (Series 2027-1) cat bond issuance, Artemis has learned.

The California Earthquake Authority (CEA) has returned to the catastrophe bond market for its second sponsorship of this year, with an initial target to secure $600 million of fully-collateralized earthquake reinsurance from a new Ursa Re Ltd. (Series 2026-1) issuance, Artemis can report.

As the insurance-linked securities (ILS) market moves into a softer phase, Quentin Perrot, Managing Director at Marsh Securities, said during a recent AM Best webinar that while terms for catastrophe bonds may loosen next year, he does not foresee discipline in the asset class breaking.

Hamilton Insurance Group is now aiming to upsize its new Easton Re Ltd. (Series 2027-1) catastrophe bond transaction to provide it with $300 million of collateralized multi-peril retrocession, while the price guidance on the notes has been lowered, Artemis has learned.

Insurance-linked securities investment fund strategies, across catastrophe bonds and private ILS, delivered another strong month of returns in September 2026 with their upward momentum continuing, as the average ILS fund performance reached 1.55%, the latest data from the ILS Advisers Fund Index shows.

The GAM Swiss Re Cat Bond investment fund strategy will now be available to investors in New Zealand in the tax efficient Portfolio Investment Entities format, as the GAM Swiss Re ILS Income NZ PIE Fund opens for business on November 6th.

VIG Re, the reinsurance arm of Vienna Insurance Group, is the latest first-time sponsor to enter the catastrophe bond market, as the company seeks a €50 million or greater source of fully-collateralized European windstorm retrocession through a Charles Bridge Re 2026 DAC issuance, Artemis has learned.

The government of Morocco is now aiming to prepare a regulatory framework to allow for the securitization of insurance risks, including through catastrophe bonds, as the country seemingly aims to support issuance as well as to be a beneficiary of risk transfer to the capital markets.