RenaissanceRe could double Mona Lisa Re 2026-1 retro cat bond, target now up to $400m
RenaissanceRe is now looking to as much as double the size of its latest catastrophe bond during the offering phase, with the target for the Mona Lisa Re Ltd. (Series 2026-1) issuance lifted to provide it between $325 million and $400 million in multi-peril catastrophe retrocessional reinsurance, sources have told read the full article →
Pillar Capital hires SS&C’s Ken Mahadeo as VP, Operations
Pillar Capital Management Limited, the Bermuda-based specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has hired former SS&C employee Ken Mahadeo as Vice President, Operations. Mahadeo is well-known across the insurance-linked securities sector, having worked in roles focused on investment fund operations, accounting and administration. For almost a decade, Mahadeo has read the full article →
Groupama gets upsized €120m convective storm reinsurance with Quercus II Re cat bond
Groupama, the French mutual insurance and reinsurance company, has now priced its new Quercus II Re DAC catastrophe bond to secure the 20% upsized target of €120 million of fully-collateralized convective storm reinsurance protection from the capital markets with this deal, Artemis can report. Groupama returned to the catastrophe bond market read the full article →
Hannover Re secures $250m 3264 Re retro cat bond, the largest yet in the program
Hannover Re has now secured the upsized target of $250 million of North American peak peril retrocession through its new 3264 Re Ltd. (Series 2025-3) catastrophe bond issuance, with the transaction set to become the largest in the program of deals so far and the biggest ever directly sponsored by read the full article →
Reinsurance supply and demand to favor buyers in 2026: Moody’s Ratings
Moody's Ratings forecasts that property catastrophe reinsurance pricing will likely fall around 15% over the coming year, as elevated capital levels result in a supply-demand dynamic that favors buyers of protection. Commenting on the state of the market after a relatively benign, in insured loss terms, Atlantic hurricane season, Moody's Ratings read the full article →
Catastrophe bond market poised to carry record momentum into 2026: Schwartz, Twelve Securis
With 2025 setting new records for catastrophe bond issuance, the market is expected to maintain its strong momentum as it heads into 2026 as a resilient and growing asset class with strong technical underpinnings, Etienne Schwartz, CIO Liquid Strategies at ILS investment manager Twelve Securis told Artemis. At this time of read the full article →
144A property cat bonds hit $20.7bn YTD in 2025, as record FAIR Plan wildfire cat bond settles
Issuance of Rule 144A property catastrophe bonds in 2025 surpassed the $20 billion milestone today as the settlement of the largest wildfire cat bond ever seen, sponsored by the California FAIR Plan, has taken the total for the year-to-date to just over $20.7 billion, Artemis data shows. Full Rule 144A property read the full article →
Progressive secures 79% upsized $125m Bonanza Re 2025-1 aggregate cat bond
Progressive, the US insurance company, has now priced and successfully secured the 79% upsized $125 million of aggregate catastrophe reinsurance limit from its latest catastrophe bond, with the Bonanza Re Ltd. (Series 2025-1) issuance now priced at the low-end of reduced guidance, Artemis understands. Progressive came back to the cat bond read the full article →
Swiss Re: Insured catastrophe losses to reach $107bn in 2025, sixth year exceeding $100bn
For the sixth year running, 2025 will see over $100 billion of natural catastrophe losses covered by sources of insurance and reinsurance capital, according to Swiss Re's Institute, with the research part of the reinsurer projecting a total of around US $107 billion for the year. The Los Angeles wildfires at read the full article →
Higher-layer property cat expected down 20% or more at Jan renewals: TD Cowen
Following a field trip to Bermuda, analysts at TD Cowen have concluded from their discussions on the island that higher-layer property catastrophe reinsurance rates could be down 20% or more at the January 2026 renewals, while attachment points are largely holding, but the renewal is seen as running late. As per read the full article →
