Catastrophe bond news

Palomar Insurance Holdings, the speciality US insurer that offers largely catastrophe exposed property products, has lifted the top of its reinsurance tower to provide as much as $3.92 billion of earthquake reinsurance protection at the renewals, with multi-year catastrophe bonds set to provide $1.28 billion of coverage for 2026.

The California Earthquake Authority (CEA) is looking to upsize its latest catastrophe bond sponsorship, with the target raised one-third to $400 million of fully-collateralized earthquake reinsurance protection from this Sutter Re Ltd. (Series 2026-1) issuance, Artemis has learned.

Heritage Insurance Holdings, Inc., a nationally expansive, Florida headquartered property and casualty insurer, has renewed reinsurance and catastrophe bond limit totalling $2.2 billion for 2026, with the firm’s CEO citing “substantial cost savings” and more multi-year protection.

Oak Global, the specialist Lloyd’s underwriting company, has successfully priced its debut catastrophe bond sponsorship, securing a 100% upsized $150 million of retrocessional protection from the capital markets from its Arthur Re Ltd. – Quercian Re 2026-1 cat bond issuance, while the notes priced below initial guidance, Artemis has learned.

Reinsurance buyers in Florida continue to turn to and leverage the catastrophe bond amidst rising appetite for risks from the state and softening of property catastrophe rates, with over $3.2 billion of new Florida-focused cat bonds having been issued thus far for 12 sponsors in 2026 year-to-date (up to May 12, 2026), according to Guy […]

Jamaica’s Prime Minister and Minster for Finance and Public Services both praised global investor support for the $200 million IBRD CAR Jamaica 2026 catastrophe bond, with the third cat bond a key pillar in the countries fiscal resilience and disaster risk financing, while also revealing they plan to expand parametric coverage under CCRIF.

Plenum Investments, the specialist manager of catastrophe bond and other reinsurance-linked assets, has announced that its Plenum CAT Bond Dynamic Fund has crossed approximately USD 600 million in assets under management, which according to the firm underscores the success of the fund’s efficiency-oriented investment approach.

The latest forecasts of predicted activity levels for the 2026 Atlantic hurricane season continue to point to a below-average number of tropical storms and hurricanes forming this year, with updates from Tropical Storm Risk and the UK Met Office available today.

Having sold out of our initial allocation of Super Early Bird tickets faster than anticipated we added more, so there is still time to register for our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2026, at the best possible price. Register to attend here.

French global reinsurance company SCOR has highlighted its pleasure with the investor support received for its recently priced $75 million Atlas Capital DAC (Series 2026-1) catastrophe bond and the fact the issuance structure has now been reused for a fourth issuance, delivering efficiency gains.