Catastrophe bond news

RenaissanceRe, the global reinsurance company and third-party capital manager, established a new catastrophe bond managed account named the Stratos Fund in the second-half of 2025, raising $260.4 million for it, while increasing assets in other third-party capital and ILS vehicles and lifting fee income 31.8% in the fourth-quarter of the year.

Slide Insurance Company is back in the catastrophe bond market with an initial target to secure $250 million of collateralized named storm reinsurance through a Purple Re Ltd. (Series 2026-1) issuance, that seeks protection across a greater number of states than any of its previous cat bond deals, Artemis can report.

Global reinsurance firm Swiss Re is now targeting up to $150 million of aggregate and subsequent event retrocession covering North American peak perils from its new Matterhorn Re Ltd. (Series 2026-1) catastrophe bond, while price guidance for each of three tranches of notes have been raised to the top-end of initial ranges, Artemis can report.

Elementum Advisors, LLC, an alternative investment manager that specialises in collateralized natural catastrophe event reinsurance investments, has announced five promotions within its business, the most senior of which involves Andrew Lauer being promoted to Chief Operating Officer (COO).

Squarepoint, a leading privately held quantitative investment manager, is pushing into insurance-linked securities, with its latest move being the hiring of Guillaume Legal as ILS Portfolio Manager, who joins the firm from his most recent position specialising in ILS at SCOR Investment Partners.

As the catastrophe bond market continues to expand, these particular financial instruments continue to offer a sustainable opportunity for investors, while interest in private insurance-linked securities (ILS) is increasing as investors seek to further diversify within the asset class, according to Chris McAvoy, Head of alternatives research at JANA Investment Advisers Pty Limited.

Selective Insurance Group added $100 million to the top-layer of its catastrophe reinsurance tower at the January 1 2026 renewals, which lifted the top of the tower to cover up to $1.5 billion of losses, while its management said the renewal came with meaningful price decreases.

American Integrity Insurance Company has returned to the catastrophe bond market, with an initial target to secure at least $175 million of fully-collateralized US named storm reinsurance for losses across southeastern states, through an Integrity Re III Ltd. (Series 2026-1) issuance, Artemis has learned.

GeoVera Nova insurance entities have now secured the targeted $350 million of US earthquake reinsurance protection from the new Veraison Re Ltd. (Series 2026-1) catastrophe bond at slightly lower pricing than initially projected, Artemis has learned.

SageSure has adjusted the size target for its latest catastrophe bond with now between $645 million and $690 million of broad multi-peril reinsurance sought from the Gateway Re Ltd. (Series 2026-1) issuance, putting it still on track to become the largest in the Gateway series of deals so far, Artemis can report.