Catastrophe bond fund news

Catastrophe bond funds structured as UCITS investment strategies delivered strong returns in October to end the month with a 7.87% return for 2026 so far, while the rolling-twelve month average performance has declined further, according to the Plenum CAT Bond UCITS Fund Indices.

Embassy Asset Management, a registered US investment adviser, has announced that former Nephila Capital employee Bert Ji has taken over as the lead Portfolio Manager for the Ambassador mutual fund strategy that allocates to catastrophe bonds and private insurance-linked securities (ILS), as Niall MacGillivray has departed.

Catastrophe bond insurance risk spreads declined further in October 2026, as seasonal tightening continued to affect the overall yield of the cat bond market. Cat bond risk spreads now stand at their lowest since 2017 and while the tightening trend will end soon, it remains to be seen how lower spreads of new issuance affect […]

The European Fund and Asset Management Association (EFAMA) has urged European Union policymakers to leave the status of catastrophe bonds unchanged in the UCITS Eligible Assets Directive (EAD), calling the asset class a “precious diversifier” and saying that “limiting asset choice within UCITS per se is not in investors’ best interest.”

At our Artemis London 2026 catastrophe bond and insurance-linked securities conference in September, a session focused on catastrophe bonds explored how advances in modelling can help investors further assess risk, and why managers should be cautious about encouraging investors to over-allocate to the asset class when spreads are below average.

Insurance-linked securities  and third-party capital assets under management at Hiscox Capital Partners, the division of Hiscox Re that encompasses ILS fund investments and quota-share partnerships, rose $200 million in the third-quarter of 2026 on strong retained earnings, reaching a new high of $3.1 billion.

Atmos Capital Partners AG has launched as a new partner-led, independent investment manager based in Zurich, with a specialist focus on building and managing catastrophe bond portfolios for investors and a technology-first, entrepreneurial approach.

As yields in ILS remain above their historical averages, and underlying risk profiles continue to evolve, maintaining market discipline requires a key focus on instrument format. According to Jordan Nickerson, Co-founder at Icosa Investments AG, navigating the year-end renewals successfully will depend on how effectively ILS managers balance pricing adjustments with contract terms and liquidity.

Brookmont Capital Management has announced that the Brookmont Catastrophic Bond ETF (ticker ILS), has surpassed $150 million in assets under management as of October 28th, 2026, which comes shortly after the fund transitioned its primary listing from the New York Stock Exchange to the Texas Stock Exchange and secured a lead market maker.

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.