Catastrophe bond news

Today’s insurance-linked securities (ILS) market is significantly broader and more resilient than it was just several years ago. However, while the market is seeing growing interest in casualty, specialty, cyber, and hybrid structures, this evolution also means the ILS space is fundamentally more complex, according to Kathleen Faries, CEO of Artex Capital Solutions.

Everest Re, the global reinsurance unit of Everest Group, has returned to the catastrophe bond market in search of at least $530 million of multi-peril collateralized North America focused retrocession with three and four year tenure Kilimanjaro III Re Ltd. (Series 2026-1) and Kilimanjaro III Re Ltd. (Series 2026-2) transactions, Artemis can report.

The Massachusetts Property Insurance Underwriting Association (MPIUA) has now successfully secured its targeted $150 million of multi-peril aggregate reinsurance protection through the Mayflower Re Ltd. (Series 2026-1) catastrophe bond, with both tranches of notes pricing below their initial guidance ranges, sources have told Artemis.

NJM Insurance has set its sights on sponsoring its largest catastrophe bond so far, with all tranches of notes now having target sizes that overall seek to secure $250 million of northeast US named storm reinsurance from the capital markets from its new Lower Ferry Re Ltd. (Series 2026-1) issuance, Artemis can report.

Icosa Investments AG has confirmed the appointment of Dr. Raffaele Dell’Amore as a Partner and member of the firm’s management team. In this role, he will lead the continued expansion and institutionalisation of Icosa’s offering, with a particular focus on catastrophe bonds and insurance-linked securities (ILS).

The total for settled catastrophe bond issuance across Rule 144A deals and the private cat bond transactions we have analysed so far in 2026 has reached $16.1 billion as of today, while settled 144A cat bond issuance alone currently stands at over $15.8 billion.

Welcome to Artemis’ 2026 Bermuda ILS Executive Roundtable, during which leaders and experts from across the insurance-linked securities sector discussed the momentum being seen in catastrophe bonds and ILS this year, as well as the continued importance of Bermuda’s role in the market.

Today we are excited to begin announcing expert speakers for our next catastrophe bond and insurance-linked securities (ILS) market conference, Artemis London 2026. Join us in London on September 1st for a full-day of in-depth discussion about the ILS market and valuable networking, register to attend the conference here.

CalPERS, the largest public pension fund in the United States, had previously disclosed investments in catastrophe bond and insurance-linked securities (ILS) fund strategies valued at $1.451 billion at the end of 2025, but new documents seen by Artemis show that the giant investor had further room to grow in the asset class.

Price guidance has been lowered again for the latest catastrophe bond for the Massachusetts Property Insurance Underwriting Association (MPIUA), with the range of spreads on offer reduced a second time for both tranches of the $150 million Mayflower Re Ltd. (Series 2026-1) issuance, Artemis understands.