Insurance linked securities news, ILS news

Nephila Capital, the specialist ILS manager, delivered high revenues and profitability during the third-quarter of 2026 for parent company Markel Group’s financial segment, signifying another step forward in a multi-year effort to develop innovative risk transfer solutions that match investor demand, according to Andrew Crowley, Co-President of Markel Group.

The California Earthquake Authority (CEA) has returned to the catastrophe bond market for its second sponsorship of this year, with an initial target to secure $600 million of fully-collateralized earthquake reinsurance from a new Ursa Re Ltd. (Series 2026-1) issuance, Artemis can report.

As the insurance-linked securities (ILS) market moves into a softer phase, Quentin Perrot, Managing Director at Marsh Securities, said during a recent AM Best webinar that while terms for catastrophe bonds may loosen next year, he does not foresee discipline in the asset class breaking.

Hamilton Insurance Group is now aiming to upsize its new Easton Re Ltd. (Series 2027-1) catastrophe bond transaction to provide it with $300 million of collateralized multi-peril retrocession, while the price guidance on the notes has been lowered, Artemis has learned.

Insurance-linked securities investment fund strategies, across catastrophe bonds and private ILS, delivered another strong month of returns in September 2026 with their upward momentum continuing, as the average ILS fund performance reached 1.55%, the latest data from the ILS Advisers Fund Index shows.

The GAM Swiss Re Cat Bond investment fund strategy will now be available to investors in New Zealand in the tax efficient Portfolio Investment Entities format, as the GAM Swiss Re ILS Income NZ PIE Fund opens for business on November 6th.

Nephila Capital’s insurance-linked securities (ILS) fund management business continues to deliver in 2026, as revenues reported within parent Markel’s quarterly results showed yet another increase of nearly 40% to $42.2 million for the third-quarter, even as the soft reinsurance market becomes increasingly evident in the volume of premiums fronted to Nephila’s reinsurers.

RenaissanceRe CEO Kevin O’Donnell explained during the firm’s third-quarter earnings call today that the evolution of the insurance-linked securities capital landscape is an opportunity for the reinsurance company, while he also commented on broker facilities saying that he sees them as disintermediating smaller players in the market.

VIG Re, the reinsurance arm of Vienna Insurance Group, is the latest first-time sponsor to enter the catastrophe bond market, as the company seeks a €50 million or greater source of fully-collateralized European windstorm retrocession through a Charles Bridge Re 2026 DAC issuance, Artemis has learned.

The government of Morocco is now aiming to prepare a regulatory framework to allow for the securitization of insurance risks, including through catastrophe bonds, as the country seemingly aims to support issuance as well as to be a beneficiary of risk transfer to the capital markets.