Here's our latest Friday wrap-up of key news from the week.
It has been a busy week in the catastrophe bond market, with numerous updates and the pipeline growing.
The NCIUA is back with a $400m of reinsurance initial target for a new Cape Lookout Re issuance and The Andover Companies has returned to the cat bond market for its second sponsorship.
Allstate upsized its latest Sanders issuance twice, with now as much as $1.2bn of reinsurance limit being sought, its biggest visit to the market ever.
American Integrity lifted its target to as much as $260m for its latest cat bond, which features one of the highest paying tranches of notes ever.
Lumen Re is now aiming to secure up to $200m of retro from its debut Photon Re deal.
The California FAIR Plan Association raised the target size of its second cat bond sponsorship again, with now $400m of wildfire reinsurance sought.
Slide priced its new Purple Re transaction, successfully securing the 28% upsized target of $320m of reinsurance.
SageSure moved up to third in our cat bond sponsor leaderboard with the settlement of its largest cat bond, while it already has another in the market for which it is seeking lower pricing.
In addition, we exclusively reported that the Asian Development Bank (ADB) is aiming to issue its first catastrophe bond in the coming months.
In other stories this week, Legal & General (L&G) intends to maintain its exposure to the cat bond asset class.
The Florida State Board of Administration diversified its ILS allocations with $400m invested across a quota share strategy from Tangency Capital and a specialty lines opportunity from Nephila Capital.
Swiss Re's Jean-Louis Monnier said cat bond market momentum is driven by a mix of significant capital inflows and low market losses, which has ultimately helped create high demand.
Hiscox Re announced the launch of Hiscox Capital Partners, which brings together the third-party capital activity across the organisation.
QBE sees alternative reinsurance capital as an important lever to allow the company to deliver sustainable returns, according to its CEO and CFO.
Zurich renewed its catastrophe reinsurance at January 1st, placing more of its aggregate catastrophe treaty for 2026.
Finally, if you haven't seen them, Artemis has a wealth of data and analytics on the catastrophe bond and broader ILS market. View our charts and Deal Directory.
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We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
