reinsurance

Olympus Insurance Company, a Florida homeowners specialist, has entered the catastrophe bond market for the first time, seeking to sponsor a $100 million Abacab Re Ltd. (Series 2026-1) transaction to secure a capital markets backed source of multi-year Florida named storm reinsurance protection, Artemis understands.

The North Carolina Insurance Underwriting Association (NCIUA) is now aiming to secure up to $600 million of annual aggregate named storm reinsurance protection from its Cape Lookout Re Ltd. (Series 2026-1) catastrophe bond, while the price guidance has been lowered for both tranches of notes on offer, Artemis can report.

Gallatin Point Capital LLC a private investment firm that focuses on structured investments in financial institutions including re/insurance, services, and related assets, has formed a strategic partnership with Capital Constellation, an investment platform managed by Wafra Inc.

Following the annual AIFA conference held in Florida this week, a new report from analysts at Jefferies reveals that industry executives believe it would take a single $100 billion insured loss event to derail the insurance-linked securities (ILS), catastrophe bond, and reinsurance markets.

Broker Guy Carpenter has announced the appointment of Al Paas as Head of European Capital & Advisory, who joins the firm with extensive experience in capital markets and mergers & acquisitions (M&A) advisory.

The Andover Companies is aiming to upsize its new catastrophe bond sponsorship, with the revised target now being to secure between $250 million and as much as $300 million of collateralized catastrophe reinsurance from the Locke Tavern Re Ltd. (Series 2026-1) issuance, Artemis can report.

Catastrophe bond market yields remained flatter than anticipated through February as expected seasonal spread widening proved less pronounced given the continued price pressure from new primary cat bond issuance that is coming to market at lower premiums, data from Plenum Investments shows.

In announcing its results this morning, Adrian Cox, the CEO of Beazley, the London headquartered specialty insurance and reinsurance company, has stated that, when it comes to cyber insurance-linked securities the firm’s next step is to transition into securitisation and transformation of risks, with its dedicated cyber ILS fund planned for later this year.

SCOR, the Paris-headquartered global reinsurance company, reported a reduction in property and casualty revenues for the fourth-quarter and full-year of 2025, but in part this is reported by the company to be a response to the competitive market in property risks.

Florida’s Citizens Property Insurance Corporation is planning to call its $1.1 billion of Everglades Re II Ltd. (Series 2024-1) catastrophe bonds in advance of its renewal, to enable it to take advantage of current market conditions and may sponsor issuance of around $600 million of new cat bonds this year to make a saving on […]