reinsurance

Allstate has now secured its targeted $200 million four year source of Florida catastrophe reinsurance protection with its latest catastrophe bond, pricing the notes from this Sanders Re III Ltd. (Series 2026-2) issuance below guidance, Artemis understands.

We’ve learned that State Farm returned to the catastrophe bond market in recent weeks and has now secured a significant $1.5 billion of reinsurance protection through a Merna Re Enterprise II Ltd. (Series 2026-1) issuance, which becomes one of the largest cat bond offerings ever.

US weather agency NOAA anticipates an 82% chance of El Niño between May to July and with the warm phase of the El Niño-Southern Oscillation seen to moderate tropical activity in the Atlantic, the first forecast from NOAA for the 2026 Atlantic hurricane season is for a 55% chance of below-normal activity levels.

Mangrove Property Insurance has successfully secured an upsized $111 million of named storm reinsurance protection from its debut Buttonwood Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with all four tranches of notes pricing for spreads at the bottom ends of initial guidance or lower, Artemis can report.

Patriot Select Property and Casualty Insurance Company, a Florida based insurer, has announced the completion of its 2026 catastrophe reinsurance renewal, with $220 million of private market limit, $90 million of FHCF cover and $145 million to protect against second and subsequent events.

French reinsurance company SCOR has now secured the targeted $75 million of multi-peril fully-collateralized retrocession it was seeking from its new Atlas Capital DAC (Series 2026-1) catastrophe bond, while the notes priced at the low-end of initial guidance, Artemis has learned.

One Alliance North America Insurance Company, the US homeowners and commercial lines specialist underwriter and carrier that recently priced and secured a debut $115 million One Shield Re Ltd. (Series 2026-1) catastrophe bond, has said the upsized transaction supports its ability to protect policyholders and communities.

Property insurers in the State of Florida are expected to benefit from a more pronounced softening of reinsurance pricing and rates at the June 1 2026 renewals, which may serve to sustain the positive market momentum being seen since the legislative reforms, AM Best has explained.

Ariel Sociedade Seguradora de Propósito Específico S.A. (Ariel SSPE) will be the third insurance-linked securities (ILS) structure in Brazil, harnessing the country’s regulations to become an independent issuer of Letra de Risco de Seguro (Insurance Risk Letters), Brazil’s own brand of ILS instrument.

According to research data from Cotality, a global provider of property information, analytics and technology-enabled data solutions, the New York metropolitan area has the largest concentration of homes exposed to hurricane-related risks in the United States.