Insurance-linked investments

With 2025 setting new records for catastrophe bond issuance, the market is expected to maintain its strong momentum as it heads into 2026 as a resilient and growing asset class with strong technical underpinnings, Etienne Schwartz, CIO Liquid Strategies at ILS investment manager Twelve Securis told Artemis.

Issuance of Rule 144A property catastrophe bonds in 2025 surpassed the $20 billion milestone today as the settlement of the largest wildfire cat bond ever seen, sponsored by the California FAIR Plan, has taken the total for the year-to-date to just over $20.7 billion, Artemis data shows.

Having recently launched the OAK Enterprise retrocession focused Syndicate 1440 at Lloyd’s, executives from the company spoke with Artemis to discuss the opportunity they see in writing retro with the backing and support of third-party capital investors, as well as use of the London Bridge ILS structure to channel funding.

We are pleased to reveal the second wave of speakers for our next insurance-linked securities conference. With the Early Bird rate almost sold out for ILS NYC 2026 and with representatives of over 140 organisations already registered we encourage you to get your ticket soon if you want to secure this discounted rate.

At an investment board meeting held this week the Iowa Public Employees’ Retirement System (IPERS) conceptually approved a new allocation to a Man AHL managed catastrophe bond fund, as the pension looks to bring more absolute return strategies into its portfolio.

Jireh Risk Advisors Ltd., the insurance-linked securities (ILS) focused solution provider and Strategic Risk Solutions (SRS), an independent insurance manager, have launched OpIngen, which both firms describe as a next-generation operations service tailored for the reinsurance and ILS industry.

Ledger Investing, the insurance technology (insurtech) and casualty ILS specialist, has announced the launch of Korra, a separate SaaS platform that aims to bring efficiency, transparency, and intelligence to the casualty reinsurance and insurance-linked securities market.

Inflows of capital to the catastrophe bond and insurance-linked securities (ILS) market are expected to continue in 2026,which could drive as much as a $20 billion increase in capital within the ILS sector, Michael Millette, Co-founder and Managing Partner at Hudson Structured Capital Management Ltd. told Jefferies analysts recently.

Global investment company Galapagos Capital has announced the issuance of up to R$100 million in Insurance Risk Letters (LRS), which are the Brazilian regulatory regime version of insurance-linked securities (ILS), marking the second ever ILS issuance in Brazil, and the first from Galapagos Capital.

With the fourth-quarter of the year racing away, there are just under two months until we return to New York on February 6th 2026 for the tenth insurance-linked securities conference in the ILS NYC series. Please register soon to attend if you want to benefit from the Early Bird rate for ILS NYC 2026, as this […]