Catastrophe bond news

The Andover Companies has returned to the catastrophe bond market for its second sponsorship, looking to secure $200 million or more in collateralized catastrophe reinsurance from a Locke Tavern Re Ltd. (Series 2026-1) issuance that will renew and expand the cat bond protection from its soon to mature first issuance, Artemis can report.

Allstate is now targeting the most limit from a single visit to the catastrophe bond market in its history, with now up to $1 billion of fully-collateralized multi-peril per-occurrence catastrophe reinsurance sought from the dual issuances of Sanders Re IV Ltd. (Series 2026-1A) and Sanders Re III Ltd. (Series 2026-1B) cat bond series.

Slide Insurance Company has increased its target for the new Purple Re Ltd. (Series 2026-1) catastrophe bond transaction, with the indicative size raised by roughly 28% to seek $320 million in multi-year collateralized named storm reinsurance, Artemis can report.

Reinsurance and catastrophe bond market participants may not see a typical large protection buy from the Texas Windstorm Insurance Association (TWIA) in 2026, as the latest exposure data from the suggests it may only need just over $355 million of new risk transfer this year, with cat bonds set to provide the rest of its […]

The California FAIR Plan Association is looking to upsize its second catastrophe bond sponsorship by 75%, with now $350 million of capital markets backed wildfire reinsurance protection sought from the Golden Bear Re Ltd. (Series 2026-2) cat bond issuance, Artemis has learned.

Despite tighter spreads in the catastrophe bond market, Legal & General (L&G) intends to maintain its exposure to the asset class, with Alex Turner, Fund Manager Assistant, and Martin Dietz, Head of Diversified Strategies, noting the firm is prioritising portfolio integrity while awaiting more favourable entry points, rather than rotating out of the space.

Challenger Life, a large Australian life and retirement income underwriter and investor, has reported that its investments into insurance-linked securities (ILS), which are predominantly catastrophe bonds, beat their benchmark in the last six months of record for the firm.

American Integrity Insurance Company has now set the target for its latest catastrophe bond, with between $215 million and $275 million of named storm reinsurance sought from the Integrity Re III Ltd. (Series 2026-1) issuance, while the riskiest tranche of notes is set to be among the highest paying ever seen, Artemis can report.

The insurance-linked securities (ILS) market is coming off a remarkable year, bolstered by record catastrophe bond issuance. According to Jean-Louis Monnier, Head of ILS at Swiss Re Capital Markets the momentum was driven by a mix of significant capital inflows and low market losses, which has ultimately helped create a high demand environment for ILS.

The North Carolina Insurance Underwriting Association (NCIUA) is back in the catastrophe bond market with an initial target to secure $400 million of annual aggregate named storm reinsurance protection from a new Cape Lookout Re Ltd. (Series 2026-1) issuance, which will be its second with an embedded resilience bond feature, Artemis can report.