Insurance linked securities news, ILS news

As innovation and global participation within insurance-linked securities (ILS) accelerates, the market is expected to continue evolving into an increasingly central part of the globe’s risk-transfer infrastructure, according to executives at Howden Capital Markets & Advisory (HCMA).

Fergus Re, the Bermuda based collateralized reinsurer that writes business for investors that have an appetite for returns from quality casualty risk underwriting business, has announced the appointment of Sharmini Samuels as Chief Underwriting Officer, effective January 1, 2026.

Fidelis Insurance is back in the catastrophe bond market, aiming to secure $75 million or more in US earthquake retrocessional reinsurance on a collateralized basis through sponsorship of a Herbie Re Ltd. (Series 2026-1)  cat bond, Artemis has learned.

London Bridge 2 PCC, the Lloyd’s of London insurance and reinsurance market’s insurance-linked securities structure, has been meaningfully used to channel new capital into the marketplace through the fourth-quarter of the year, according to Nick Donovan, Head of Market Development.

With investor sentiment across insurance-linked securities (ILS) remaining highly constructive, ILS manager Twelve Securis is aiming to preserve the resilience and clarity of its portfolios throughout 2026, while continuing to deliver stable, attractive returns within the market, executives from the firm told Artemis.

At a time where hedge funds are increasingly attracted to the insurance-linked securities (ILS) market, they are also adding significant pressure to recruitment within the space, which according to 20Twenty Search’s Jason Sykes, raises questions about its impact on talent and market stability.

Third-party capital deployed in reinsurance through insurance-linked securities and other alternative structures is now forecast to have grown over 12% during the course of 2025 to a record $120 billion, as broker Guy Carpenter and AM Best lift their projection from the 7% expansion anticipated earlier this year.

As per a recent commentary from Fitch Ratings, alternative investment managers’ (Alt IMs) recent expansion into Lloyd’s syndicates and U.S. casualty sidecars is providing the reinsurance market with new third-party capital, however the agency warns that this also increases potential credit, liquidity, valuation, and governance risks.

QBE Insurance Group’s sponsorship of its largest catastrophe bond sponsorship so far, the $400 million Bridge Street Re Ltd. (Series 2025-2) issuance, is set to diversify the firm’s capital providers while also further enhancing the company’s capital management strategy, according to Chris Killourhy, incoming Group Chief Financial Officer.

Global insurance and reinsurance broking group Aon has reported that cedents benefited from favourable dynamics at the January 1st reinsurance renewals, aided by record levels of capital following another strong year for reinsurers, along with a benign 2025 Atlantic hurricane season which the firm says led to “competitive tension” in the market.