Catastrophe bond news

Catastrophe bond issuances that have been fully settled in the market now amount to more than $10.4 billion, while the pipeline for new cat bond deals remains robust and Artemis Deal Directory data already forecasts around $14.35 billion of settled issuance by early June.

After assisting the Asian Development Bank (ADB) in the issuance of its first catastrophe bond offerings, Michael Roth of Munich Re has highlighted how the transactions are an important proof of the reinsurer’s Capital Partners Public Sector objectives.

The Hanover Insurance Group, Inc. is back in the catastrophe bond market looking to sponsor its fourth issuance, with an initial target to secure at least $100 million of US-wide multi-peril reinsurance protection from a Commonwealth Re Ltd. (Series 2026-1) transaction, Artemis can report.

Icosa Investments AG is adding experienced insurance-linked securities and catastrophe bond investments specialist Raffaele Dell’Amore as a new Portfolio Manager for its growing Icosa Cat Bond Fund strategy, Artemis has learned.

Nationwide Mutual Insurance Company has lifted the target size a little further for its Aquila Re I Ltd. (Series 2026-1) catastrophe bond sponsorship, with the company now seeking between $325 million and as much as $350 million of multi-peril reinsurance protection, Artemis has learned.

Travelers is the latest company aiming to upsize its catastrophe bond sponsorship in 2026, with the company now seeking between $600 million and $750 million of multi-peril reinsurance protection from the Long Point Re IV Ltd. (Series 2026-1) issuance which would make it the largest cat bond ever sponsored by the insurer, Artemis understands.

The Texas Windstorm Insurance Association (TWIA) has now narrowed the targeted size for its new Alamo Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with $725 million to $750 million of capital markets backed reinsurance limit now sought while price guidance is now looking set to be at or near the lowest-end, Artemis can report.

Mangrove Property Insurance is now aiming to secure up to $111 million of named storm reinsurance protection from its first Buttonwood Re Ltd. (Series 2026-1) catastrophe bond issuance, while the price guidance has been adjusted for each of the tranches of notes being offered, Artemis has learned.

Florida’s Citizens Property Insurance Corporation has now secured its one-third upsized target for reinsurance protection from its new Everglades Re II Ltd. (Series 2026-1) catastrophe bond sponsorship, while pricing the notes and the coverage at below-guidance pricing, sources have told Artemis.

The mid-year 2026 reinsurance renewal for American Coastal Insurance Company (AmCoastal) is “effectively complete” its CEO Brad Martz has explained, with the top of the tower lifting to over $1.6bn, while the company has added more aggregate protection as well.