reinsurance

Pool Re, the UK government backed mutual terrorism reinsurance firm, is back in the catastrophe bond market to sponsor its fourth terrorism catastrophe bond, with a Baltic PCC Limited (Series 2026-1) issuance being offered to investors, we understand.

Kindley Re Ltd., a Bermuda-domiciled life and annuity reinsurance company established by Kuvare Holdings in partnership with global investment manager Davidson Kempner Capital Management LP has raised an additional $250 million of equity capital from institutional investors to expand its franchise.

Broker Guy Carpenter has announced the appointment of Ian Bartholomew PhD, Co-Founder and former Chief Underwriting Officer of parametric flood insurer, FloodFlash as Global Head of Parametric Advisory, effective June 1st, 2026.

US-headquartered insurance holding company W. R. Berkley Corporation has continued to expand its use of its Lifson Re collateralized reinsurance sidecar through 2025, with written premiums ceded to the sidecar rising to $494 million, the highest level the company has recorded to date.

BirdsEyeView, the European Space Agency-backed insurtech specialising in natural catastrophe modelling and exposure management, has announced the launch of its enhanced Catastrophic Exposure and Risk Analytics platform, CERA®.

Zenkyoren has returned to the catastrophe bond market to add to its capital market backed aggregate Japanese earthquake reinsurance protection, with an initial $100 million target for this new Nakama Re Pte. Ltd. (Series 2026-1) sponsorship, Artemis has learned.

Tokio Marine & Nichido Fire Insurance Co. Ltd. has now secured the targeted $100 million of multi-year collateralized Japanese earthquake reinsurance protection from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, with the notes now priced at the mid-point of guidance, Artemis understands.

One of the insurance-linked securities (ILS) sponsored by financial guarantee and municipal bond specialist Build America Mutual Assurance Company has had its ratings revised to Positive from Stable by Kroll Bond Rating Agency (KBRA), while another two remain at Stable.

We’ve learned that US primary insurance giant State Farm has registered a new company structure in Bermuda under the Merna Re naming convention that has applied to all of its catastrophe bonds, suggesting the insurer may be set to return to the capital markets for more reinsurance.

A recent report from investment manager Neuberger Berman has indicated that industry index catastrophe bonds have outperformed the broader cat bond market with respect to realised losses and mark-to-market performance, following the occurrences of both hurricanes Ian and Irma.