Catastrophe bond news

Swiss Re is now targeting lower pricing for its latest catastrophe bond sponsorship, while the target remains to secure $250 million of US named storm per-occurrence based retrocessional protection through the Matterhorn Re Ltd. (Series 2026-2) transaction, Artemis has learned.

Kin Insurance’s sponsorship of its fourth and largest catastrophe bond, the $335 million Hestia Re Ltd. (Series 2026-1) issuance, reinforces the company’s commitment to protecting policyholders for years to come, Chief Insurance Officer Angel Conlin has said today.

US primary insurer Allstate has returned to the catastrophe bond market with its typical May sponsorship of a cat bond to provide it with multi-peril Florida collateralized reinsurance protection, initially targeting a $200 million or greater Sanders Re III Ltd. (Series 2026-2) issuance, Artemis understands.

People’s Trust Insurance Company, the Florida homeowners specialist insurer, is now targeting mid-guidance pricing for the $100 million of named storm reinsurance it aims to secure from the capital markets through its debut GWS Re Limited (Series 2026-1) catastrophe bond issuance, Artemis can report.

Recent reforms made by Prudential Regulation Authority (PRA) to increase the UK’s share of the global insurance-linked securities (ILS) market, has led to belief that the UK regime offers a highly competitive platform that compares well with other alternative jurisdictions across the globe, Pool Re CEO Tom Clementi told Artemis.

The California Earthquake Authority (CEA) is back in the catastrophe bond market to sponsor its first issuance of this year, with an initial target to secure $300 million of fully-collateralized earthquake reinsurance from this new Sutter Re Ltd. (Series 2026-1) issuance, Artemis can report.

The government of Portugal is considering catastrophe bonds as a potential mechanism that could be utilised to provide risk capital for disaster resilience and to better manage catastrophe risk exposure in the country.

The amount of non-life alternative reinsurance capital from catastrophe bonds and insurance-linked securities (ILS) grew by a “historic” amount in 2025, with the latest data from Gallagher Re indicating significant inflows and non-life ILS capital rose $21 billion to $135 billion in the year.

We are delighted to announce that registration is now open for our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2026. We return to London on September 1st, for another full-day of in-depth discussion and debate about the ILS market, as well as valuable networking. Register to attend here.

Catastrophe bond market yields rose again through the month of April 2026, as seasonal spread widening effects lifted total returns to almost 9.3%, reducing the year-on year decline in cat bond market coupon to 11% by May 1st, the latest data from Plenum Investments shows.