Private ILS transaction news

Two new private catastrophe bond arrangements have been issued by Artex Axcell Re, the Bermuda based Artex Risk Solutions operated transformer entity, with almost $48.26 million of notes sold to investors across the two series, Artemis has learned.

While public and private insurance-linked securities (ILS) offer distinct pathways to insurance risk premia, the choice between them involves more than just a calculation of risk and return. According to Mark Gibson, Senior Investment Director at Schroders Capital, the true dividing line for investors is the degree of liquidity and transparency they are willing to […]

Our latest video features the opening panel discussion of the day at Artemis ILS NYC 2026, a session focused on the private insurance-linked securities marketplace, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

As the catastrophe bond market continues to expand, these particular financial instruments continue to offer a sustainable opportunity for investors, while interest in private insurance-linked securities (ILS) is increasing as investors seek to further diversify within the asset class, according to Chris McAvoy, Head of alternatives research at JANA Investment Advisers Pty Limited.

Despite the softening of the reinsurance market seen at the January renewals, 2026 is still expected to be among the more profitable years in reinsurance, as still higher attachment points and improved portfolio quality will support returns, according to Euler ILS Partners, the Swiss specialist insurance-linked securities investment manager.

Despite a decrease in spread multiples, the private insurance-linked securities (ILS) market continues to remain attractive both in absolute terms and in comparison, to the catastrophe bond market, Stephan Ruoff from Schroders Capital told Artemis.

Despite catastrophe bond risk spreads having tightened and reinsurance rates being expected to decline at the renewals, specialist insurance-linked securities manager Twelve Securis says the relative value of the ILS asset class remains compelling for investors with structural improvements set to persist.

This video features the first panel discussion of the day at Artemis London 2025, a session focused on the private insurance-linked securities market segment, from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025.

Another new private catastrophe bond transaction, or cat bond lite deal has come to light, with $15 million of privately placed Kettering insurance-linked securities (ILS) notes issued by a Bermuda based Artex Risk Solutions operated transformer entity, Artemis has learned.

In a recent report, rating agency AM Best points to the potential for expansion of the collateralized reinsurance and private insurance-linked securities (ILS) space, not least as catastrophe bond risk-adjusted spreads tighten this year.