reinsurance

Palomar Insurance Holdings has raised the target to as much as $410 million of capital markets backed California earthquake and Hawaii named storm reinsurance from its new Torrey Pines Re Ltd. (Series 2026-1) catastrophe bond issuance, sources have told Artemis.

Convex Group, the expansive global specialty insurance and reinsurance underwriter, has reduced its target for the Hypatia Ltd. (Series 2026-1) catastrophe bond transaction to between $150 million and $175 million of retrocession, while the company aims to secure mid-guidance pricing for the tranche of notes on offer, this publication has learned.

Louisiana Citizens Property Insurance Corporation has now successfully secured $150 million of fully-collateralized named storm reinsurance through its sponsorship of the new Bayou Re Ltd. (Series 2026-1) catastrophe bond, pricing the notes below the initial guidance, Artemis can report.

The Travelers Companies, the US property & casualty insurance giant, is back in the catastrophe bond market initially targeting $500 million of multi-peril reinsurance protection covering losses in northeast states from a Long Point Re IV Ltd. (Series 2026-1) issuance, Artemis has learned.

Nephila Capital’s insurance-linked securities (ILS) fund management revenues reported within parent Markel’s results rose by an impressive 59% year-on-year, to reach $40.5 million in the first-quarter of 2026.

RenaissanceRe reported a 209% increase in fee income earned from its range of reinsurance joint venture vehicles and insurance-linked securities structures in the first-quarter, while investors benefitted from meaningful income and opted to take profits after the strong performance of these strategies.

US military mutual insurer USAA is now aiming to upsize its new catastrophe bond, with the revised target now being to secure between $800 million and as much as $825 million of reinsurance protection from the Residential Reinsurance 2026 Limited (Series 2026-1) issuance, Artemis has learned.

A recent survey of insurance-linked securities (ILS) investors conducted by reinsurance broker Gallagher Re and Gallagher Securities reveals a notable rise in market appetite for 2026. The findings indicate that a clear majority of both specialist and generalist allocators intend to expand their exposure to insurance-related assets over the next two years.

Our latest video features another panel discussion from Artemis ILS NYC 2026, a session focused on the expanding range of investment opportunities in the ILS asset class, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.

The Pacific Catastrophe Risk Insurance Company (PCRIC) has made two separate cyclone payouts, one being an ex-gratia payment of FJD 1.2 million (US $545,000) to the Government of Fiji following tropical cyclone Vaianu, and a $500,000 payout to the Government of the Solomon, after its parametric insurance policy was triggered by cyclone Maila.