Insurance linked securities news, ILS news

Gálapagos Capital Sociedade Seguradora de Propósito Específico S.A., the Brazil based SSPE or special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters) and is owned by global investment company Galapagos Capital, has now issued its second arrangement under the Brazilian insurance-linked securities regime.

Artex Capital Solutions, the insurance-linked securities market service provider and insurance management specialist has partnered with legacy and run-off reinsurance specialist Enstar to introduce structured exit options embedded within Artex’s ILS vehicles.

Moody’s Ratings has published a new discussion paper about pooled structures of insurance-linked securities (ILS) and is seeking market feedback to clarify its understanding of market interest and the risk analysis needs for such financial instruments that could expand the investment use-case for ILS.

Howden Re, the global reinsurance broker, has appointed Grace Kavanagh as a Director within the firm’s Capital Solutions team, who joins with extensive market insight as well as strong carrier and client relationships.

Coming off a record-breaking 2025, the catastrophe bond market has continued to expand further throughout the opening quarter of 2026, however as the sponsor base and rate of issuance continues to grow, this is creating a need for greater efficiency and more talent within the market, according to Jeff Davis, Partner and Chief Investment Officer, […]

Spinnaker Insurance Company, the personal and commercial lines program and fronting specialist, has returned to the catastrophe bond market for its second sponsorship, seeking $100 million or more in US multi-peril collateralized reinsurance from a Mountain Re Ltd. (Series 2026-1) issuance, Artemis can report.

Olympus Insurance Company’s successful sponsorship of its debut catastrophe bond, the $120 million Abacab Re Ltd. (Series 2026-1) issuance, which provides the firm with fully collateralized, multi-year protection, is set to further diversify Olympus’ sources of capital, while continuing to strengthen its ability to withstand extreme events, CEO Tim Stroble has said.

While the first-quarter of 2026 failed to set a new issuance record for the period in the catastrophe bond market, rising activity in recent weeks means that cat bond issuance this year could hit the $10 billion milestone around one week faster than it did a year ago, according to Artemis’ data and analysis.

The Texas Windstorm Insurance Association (TWIA), the residual market property insurer for the State of Texas, has returned to the catastrophe bond market with an initial target to secure $450 million of capital markets backed reinsurance from an Alamo Re Ltd. (Series 2026-1) issuance, Artemis has learned.

The insurance and reinsurance industry is currently treating artificial intelligence (AI) as a potential “force-multiplier” for cyber losses, but the pace of development of AI and its roll-out is reshaping cyber risk in general and introduces portfolio aggregation and loss correlation risks, specialist modeller CyberCube has explained.