Catastrophe bond news

As the global protection gap continues to widen, closing it is no longer a question of mobilising more capital, it is a matter of engineering entirely new markets.

Whilst it appears that a super El Niño could be on the horizon, a new commentary from VP Bank AG authored by Senior Investment Strategist Bernhard Allgäuer indicates that insurance-linked securities (ILS) can provide portfolio diversification as their returns are driven by natural disasters, rather than financial market turmoil, making them largely uncorrelated with traditional […]

The catastrophe bond market reached new heights in terms of issuance and activity levels in the second-quarter of 2026, with a number of important records being set as cat bond sponsors and investors continued to show growing commitment to the space.

A new commentary by Markets Group, a company that specialises in forums for institutional allocators, has highlighted how Nordic allocators are increasingly looking at insurance-linked securities (ILS) and catastrophe bonds in particular as a complement to institutional fixed income and alternatives allocations.

Hannover Re has now successfully priced its latest catastrophe bond sponsorship, securing a 60% upsized $200 million of additional North American peak peril retrocessional reinsurance from the new 3264 Re Ltd. (Series 2026-1) issuance, with both tranches of notes pricing below guidance, Artemis understands.

Here are the ten most popular news articles, week ending July 12th 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

Porch Group, the US homeowner’s specialist insurer has now priced its debut catastrophe bond, securing the targeted $100 million in multi-peril collateralized catastrophe reinsurance through the Harbor Crest Re Ltd. (Series 2026-1) issuance, while the notes priced at the lowest-end of reduced guidance, Artemis has learned.

As Anthropic’s advanced cybersecurity AI model, Claude Mythos, continues to generate significant noise across the cyber sector, investment manager Man Group notes that the per-occurrence structures and high attachment points of existing cyber catastrophe bonds should provide meaningful insulation from future turbulence, for when more advanced AI models eventually become widely available.

In the current softening market environment where reinsurance capital is abundantly available, primary carriers are benefiting from a greater diversity of protection options, across traditional reinsurance, insurance-linked securities and a growing availability of aggregate covers, rating agency KBRA has explained.

While catastrophe bond yields have been on the decline for a number of years now, private bank and asset manager VP Bank AG continues to give the insurance-linked securities asset class a neutral weighting, noting that loss-free yields still remain above average.