Insurance linked securities news, ILS news

The Prudential Regulation Authority (PRA) of the Bank of England has confirmed that it will continue to work with the HM Treasury on further reforms to enhance insurance-linked securities (ILS) and catastrophe bond frameworks in the United Kingdom in order to amplify competitiveness within the market.

Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has extended its long-standing collaboration with Bank J. Safra Sarasin to now include distribution across Italy and Spain.

Zurich’s successful sponsorship of its $150 million Turicum Re Ltd. (Series 2026-1) issuance, which provides the firm with a multi-year and fully-collateralized source of US named storm and earthquake reinsurance protection, enables the company to re-establish its presence and reputation in the growing insurance-linked securities (ILS) market, Paolo Mantero, Head of Group Reinsurance has said.

During the SIFMA ILS conference in Miami yesterday a panel discussed the topic of data centre risk and some of the considerations that need to be kept in mind as the insurance-linked securities (ILS) market looks at these potentially meaningful opportunities.

While loss multiples across recent cyber catastrophe bonds have trended lower, rating agency AM Best suggests that while the novelty premium ascribed to earlier issuances is reducing, it stresses that such a premium has not gone away entirely.

The casualty insurance-linked securities and casualty reinsurance sidecar market is seen as primed for expansion, with speakers at today’s SIFMA ILS conference in Miami saying the aligned nature of the structures and the motivation of cedents to participate all suggest traction will persist.

As the global data centre build-out continues to gain traction across the re/insurance market, insurers are reportedly considering the insurance-linked securities (ILS) market to help support their capacity needs, a shift which follows a record opening quarter of catastrophe bond issuance for reinsurance broker Guy Carpenter, CEO Dean Klisura said today.

Nationwide Mutual Insurance Company is back in the catastrophe bond market with a target to secure $200 million or more in multi-peril reinsurance protection from the capital markets with a new Aquila Re I Ltd. (Series 2026-1)  transaction, its third to use this special purpose insurer, Artemis has learned.

Tower Hill Insurance Exchange is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure as much as $375 million of reinsurance protection against named storm losses in Florida from the Winston Re Ltd. (Series 2026-1) issuance, while pricing has dropped for all three tranches of notes on offer, […]

Ariel Re has now successfully priced its latest catastrophe bond, securing the targeted $125 million of US multi-peril retrocession through its London Bridge 2 PCC Limited (Titania Re 2026-1) issuance that is the reinsurers’ first to utilise the Lloyd’s insurance-linked securities structure, Artemis can report.