ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
Reinsurance sidecar market grew more than $5bn in 2025, non-cat a key driver: Aon Securities
The outstanding market for collateralized reinsurance sidecar structures grew by more than $5 billion in capacity terms over the course of full-year 2025, with casualty and non-catastrophe vehicles a key driver of sidecar market expansion, Aon Securities has said. Growing third-party and insurance-linked securities (ILS) capital levels and increased investor appetite are helping reinsurance sidecar sponsors expand […]
Alternative / ILS reinsurance capital grew 18% to $136bn in 2025: Aon
Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon. In a just released new report […]
Plenum urges European Commission not to adopt ESMA’s UCITS cat bond recommendation
Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has published a position paper clearly communicating its thoughts on the European Securities and Markets Authority (ESMA) recommendation regarding cat bond eligibility under the UCITS investment framework. Recall that, the European Securities and Markets Authority (ESMA) made a recommendation in June 2025 to […]
LA wildfires a real-world stress test. Investor confidence in wildfire cat bonds rose: Swiss Re
The devastating Palisades and Eaton wildfires that struck the Los Angeles area in January 2025 served as a real-world stress test for outstanding wildfire catastrophe bond structures, while also increasing investor confidence in allocating to the wildfire peril, according to Swiss Re Capital Markets. In its recently published ILS market insights report, Swiss Re Capital […]
Lagos State secures up to US$7.5m parametric flood insurance coverage
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery. The policy’s activation marks a major milestone for the Tripartite Agreement Programme, which aims to build developing […]
Casualty represents the next evolution of ILS exposure, says Cohen & Company
In its recently published whitepaper, Cohen & Company Asset Management, the fixed income financial services investment specialist, explained that due to advances within structuring, analytics, and governance, combined with growing investor familiarity, the firm believes that casualty represents “the next evolution of ILS exposure.” Casualty ILS remains a relatively new and developing part of the […]
ILS manager execution quality increasingly important in a normalising market: Twelve Securis
According to a new report from specialist insurance-linked securities (ILS) manager Twelve Securis, as the investment environment within ILS continues to evolve and spreads normalise from recent highs, the margin for error is narrowing, making execution quality more important than ever. The firm outlines that within this environment, sustained performance depends on deep research capabilities, […]
JBA launches enhanced global flood model featuring improved exposure disaggregation
Flood specialist JBA Risk Management has launched an enhanced version of its Global Flood Model, which introduces a variety of key features, such as enhanced hazard maps, a wide range of future climate event sets, and improvements to both processing speed and exposure disaggregation. As per the firm, these developments will enable reinsurers, insurers, brokers, […]
Artex Axcell Re issues $48.26m of private cat bond notes across two transactions
Two new private catastrophe bond arrangements have been issued by Artex Axcell Re, the Bermuda based Artex Risk Solutions operated transformer entity, with almost $48.26 million of notes sold to investors across the two series, Artemis has learned. These are the first two private cat bond issuances we’ve seen so far in 2026 from the […]