Cat bond news

Liberty Mutual Insurance has adjusted its target for its latest catastrophe bond sponsorship, with now between $120 million and $150 million of catastrophe reinsurance limit sought from the Mystic Re IV Ltd. (Series 2026-1) issuance, while the riskiest tranche of notes has been dropped from the offering, Artemis has learned.

American Family Mutual Insurance Company (AmFam) is looking to upsize its latest catastrophe bond, with the target raised to $200 million of multi-peril US catastrophe reinsurance protection from this Four Lakes Re Ltd. (Series 2025-1)  cat bond issuance, Artemis understands from sources.

Azimut Investments, part of the independent European asset management and financial services group, has gained approval from the regulator in Ireland for a new UCITS catastrophe bond fund, which will be named AZ Alternative – Insurance Linked Premium Yield, Artemis can report.

Migdal Insurance Company’s sponsorship of a $100 million Turris Re Ltd. (Series 2025-1) Israel earthquake catastrophe bond, which delivered an entirely new peril to the cat bond market, represents an important development for Israel and a strong example of the work Howden Capital Markets & Advisory (HCMA) is delivering across global markets, according to Jarad […]

AXA XL has now successfully secured its targeted $175 million of industry loss based retrocession from the capital markets through the Galileo Re Ltd. (Series 2025-1) catastrophe bond, with one tranche of notes priced at the bottom of initial guidance, the other below its initially marketed range.

Having upsized the target for its debut wildfire catastrophe bond sponsorship to a significant $750 million of reinsurance, we’ve now learned that the California FAIR Plan Association is also seeking to reduce the risk interest spread it will pay for the Golden Bear Re Ltd. (Series 2026-1) issuance as well.

Inflows of capital to the catastrophe bond and insurance-linked securities (ILS) market are expected to continue in 2026,which could drive as much as a $20 billion increase in capital within the ILS sector, Michael Millette, Co-founder and Managing Partner at Hudson Structured Capital Management Ltd. told Jefferies analysts recently.

With the fourth-quarter of the year racing away, there are just under two months until we return to New York on February 6th 2026 for the tenth insurance-linked securities conference in the ILS NYC series. Please register soon to attend if you want to benefit from the Early Bird rate for ILS NYC 2026, as this […]

The average year-to-date return of catastrophe bond investment funds in the UCITS format in 2025 reached 9.60% by November 28th, while some strategies in the category of pure cat bond funds have moved into the double-digits at this stage, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

Germania Insurance, the largest farm mutual insurance company in Texas, is in the market to sponsor its debut catastrophe bond, with a Handshake Re Ltd. (Series 2025-1) issuance that targets $100 million in reinsurance for catastrophe losses from multiple perils in its home state, Artemis understands.