Catastrophe bond news

HDI Global and its parent company Talanx are streamlining their reinsurance purchasing operations through consolidation, signaling potential for increased and larger market transactions such as catastrophe bonds.

Following its recent publication of a discussion paper on rating insurance-linked securities (ILS), with a focus on catastrophe bonds, Moody’s Ratings has moved forward and now proposes a new methodology for rating cat bonds and other ILS, seeking final feedback before its implementation.

Every few years it feels like groundhog day again, as we begin to see a rise in negative sentiment towards the insurance-linked securities (ILS) market and its investors from major traditional reinsurance companies, typically at a time of rising competitive dynamics in the marketplace.

Another private catastrophe bond or private insurance-linked securities (ILS) arrangement has come to light from the Mangrove Risk Solutions platform, with this $4.95 million Mangrove Risk Solutions Bermuda Ltd. (Series 2025-G) transaction now taking private issuance tracked by Artemis to over $440 million so far in 2025.

Twelve Securis, the specialist insurance-linked securities investment manager, has made some changes to the leadership for its private ILS focused division, with long-standing employee Paul Larrett named as the new Head of Private ILS, as incumbent Herbie Lloyd is set to depart the company.

The recent growth trend in the alternative reinsurance capital market is forecast to persist into 2026, as supply of capital from investors and demand from sponsors seeking risk transfer remain robust, Fitch Ratings has said.

Despite the first half of 2025 being an active period for catastrophe bond investors in the primary issuance market, the secondary market for cat bonds was relatively subdued in terms of trading activity in comparison to the first half of 2024, according to Swiss Re Capital Markets, the insurance-linked securities (ILS) division of the global […]

Nephila, one of the world’s largest and longest-standing insurance-linked securities (ILS) managers, has made changes at the leadership level, with Jessica Laird promoted to become CEO of Nephila Capital, as one of its co-founders, Frank Majors, steps back from the top team to focus on portfolio construction.

As per S&P Global Ratings, despite several catastrophe bonds defaulting following record-high insured losses from the California wildfires in early 2025 and through recent catastrophe years, the default rate across both rated and non-rated catastrophe bonds remains very low at just 2.3%.

There is just one week left until our next catastrophe bond and insurance-linked securities (ILS) conference, Artemis London 2025. Held in London on September 2nd, the event will feature a full-day of in-depth discussion about the ILS market and valuable networking. Register to attend and join the crowd.