industry loss trigger

With the first half of 2026 another remarkable period for catastrophe bond issuance, but the market remaining heavily concentrated on North American peak risks, a recent report by Icosa Investments AG has highlighted how diversifiers and normalised valuations between industry-loss-linked and indemnity structures is opening up additional relative-value opportunities.

Gallagher Re’s new Arthur Re Ltd. platform adds another dimension to the reinsurance broker’s global retrocession offering, and according to Jason Bolding, Global CEO of Gallagher Securities, the platform allows the firm to bring clients more flexible capital solutions while streamlining the issuance process for index-based catastrophe bonds.

Catastrophe data aggregator and industry-loss reporting service provider PERILS AG is to expand its coverage for severe convective storm (SCS) events and begin reporting insurance industry losses for SCS events in Europe, Japan and New Zealand.

Over time, the returns per-unit of risk from catastrophe bonds have, on average, declined faster for industry-index deals, resulting in a divergence between the at-issuance spreads delivered by cat bonds featuring industry-loss triggers versus the rest of the market, data from Man Group shows.

Ariel Re, the global reinsurance firm, is “very happy” with the four-year stability of the retrocessional protection it has secured with its recently sponsored $150 million Titania Re Ltd. (Series 2025-1) catastrophe bond, according to CEO Ryan Mather.

Ariel Re, the Bermuda headquartered global reinsurer, has now secured the upsized $150 million of multi-peril retrocessional reinsurance protection from its fifth catastrophe bond, Titania Re Ltd. (Series 2025-1), Artemis can report.

Ariel Re, the Bermuda headquartered global reinsurer, has raised the target size for its latest and fifth catastrophe bond, Titania Re Ltd. (Series 2025-1), with the company now looking to secure up to $150 million of multi-peril retrocessional reinsurance, Artemis can report.

Ariel Re, the Bermuda headquartered global reinsurer, is back in the catastrophe bond market this time seeking to add wildfire as a covered peril, as it brings a new $125 million Titania Re Ltd. (Series 2025-1) transaction to build out its capital markets backed retrocessional reinsurance, Artemis can report.

Ariel Re has now finalised its new Titania Re Ltd. (Series 2024-1) catastrophe bond transaction, securing the 86% upsized target of $325 million in multi-peril industry-loss triggered retrocessional reinsurance, while the notes have been priced a full percentage point below the low-end of the initial guidance range.

Ariel Re has again increased the target size for its new Titania Re Ltd. (Series 2024-1) catastrophe bond transaction, with now as much as $325 million in multi-peril industry-loss triggered retrocessional reinsurance sought, while once again new and lower price guidance is being offered.