Retrocession news

AXA XL, the global specialty insurance and reinsurance arm of the AXA Group, has returned to the catastrophe bond market seeking $175 million or more of industry loss based retrocessional protection with a new Galileo Re Ltd. (Series 2025-1) issuance, as the company demonstrates a desire to secure more capital markets backed cover.

Major reinsurance firms are guiding to triple digit millions of Euros in losses from recent major hurricane Melissa, as these global giants demonstrate that they have meaningful shares of the market’s exposure to catastrophe events in the Caribbean. It’s impossible to say for certain, but any loss in the hundreds of millions could see some […]

Chinese financial markets regulator the National Financial Regulatory Administration (NFRA) has issued guidance for domestic China market insurance and reinsurance companies to sponsor collateralised sidecar structures out of Hong Kong.

After the third-quarter of 2025, White Mountains has reported that its investment into the Outrigger Re collateralized reinsurance sidecar that supports its P&C insurance and reinsurance subsidiary Ark has generated pre-tax income of $40 million from the current underwriting year, up on last year.

Speaking during today’s third-quarter earnings call for specialty insurance and reinsurance group Lancashire Holdings, the firm’s Chief Underwriting Officer Paul Gregory said he expects the company will be able to secure broader and more competitively priced retrocession at the January 2026 renewals.

The insurance-linked securities (ILS) fund sector has delivered its highest single month of investment returns on record in September 2025 according to the ILS Advisers Fund Index, as strong premium accrual, coupon earnings and a benign loss environment combined to drive exceptional performance.

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

As investor appetite continues to broaden beyond property catastrophe, Vantage Risk is building a “mosaic of capital providers,” matching different investors with different risks, from short-tail cat exposures to long-tail casualty and credit lines, according to Chris McKeown, Chief Executive, Reinsurance, ILS, and Innovation.

From January 2026, Marsh McLennan will change its brand name to Marsh and its reinsurance broking arm Guy Carpenter will go to market after a transition period as Marsh Re from 2027. It’s not yet clear what this means for the specialist capital markets, investment banking and insurance-linked securities (ILS) broker-dealer arm GC Securities.

Franklin Templeton Investment Solutions, the more hedge fund focused part of the global asset manager, has maintained its strongly overweight conviction on the catastrophe bond asset class, while adopting a neutral stance on all other insurance-linked securities (ILS).