Insurance linked securities news, ILS news

The target issuance size has been raised for the new Meritage Re Ltd. (Series 2026-1) catastrophe bond, with now up to $250 million of multi-year US named storm reinsurance protection being sought for GeoVera and SafePort, Artemis can report.

QBE Insurance Group, the Australia headquartered global insurance and reinsurance company, is now aiming to upsize its latest catastrophe bond sponsorship by one-third to secure $400 million of international peak peril reinsurance from the Bridge Street Re Ltd. (Series 2025-2) issuance, Artemis understand.

Cincinnati Insurance Companies is now targeting lower pricing for the $150 million or more in fully-collateralized reinsurance from the capital markets that its new Skyline Re II Ltd. (Series 2025-1) catastrophe bond deal will provide, sources have told Artemis.

International insurance and reinsurance giant Chubb has now opted to pursue annual aggregate cyber reinsurance from its new East Lane Re VII Ltd. (Series 2026-1) catastrophe bond, which will make this the first aggregate cyber cat bond in the market’s history, Artemis can report.

Here are the ten most popular news articles, week ending December 21st 2025, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish.

The casualty insurance-linked securities market (ILS) has experienced considerable momentum throughout 2025, with several transactions occurring in the latter half of the year, and according to Willis Re, the market is on a trajectory of potential exponential growth.

With Farmers Insurance Group having secured $400 million of multi-peril US catastrophe reinsurance protection through its new Topanga Re (Series 2025-1) catastrophe bond issuance, Thomas Noh, CFO of Farmers Insurance Exchange stated that the issuance marks an important component of the company’s risk management strategy.

RenaissanceRe has now secured a 100% upsizing of its latest catastrophe bond, as the Mona Lisa Re Ltd. (Series 2026-1) notes have now been priced to provide it $400 million in multi-peril catastrophe retrocessional reinsurance, Artemis has learned.

As the insurance-linked securities (ILS) market continues to expand, it still offers attractive opportunities for investors, with strong results over the past few years bringing increased investor capital into ILS funds, according to Mark Gibson, Senior Investment Director at Schroders Capital.

Morgan Stanley recently surveyed over 900 institutional investors to understand their current thoughts on sustainable investments. With climate adaptation and resilience growing in prominence as themes, investors cited catastrophe bonds and physical risk insurance contracts among their top picks.