Here's our latest Friday wrap-up of key news from the week.
Catastrophe bond activity is accelerating towards year-end, with more new deals and updates this week.
AXA XL is seeking $175m or more of industry loss based retrocessional protection with a new Galileo Re.
The Hartford aims for $270m or more in multi-peril protection through sponsorship of a Foundation Re IV deal.
American Family aims for $150m or more in multi-peril US catastrophe reinsurance with a new Four Lakes Re.
Inigo has a $255m initial target for twhat could be its biggest Montoya Re cat bond yet.
Groupama seeks €100m or more in convective storm reinsurance through a Quercus Re II DAC issuance.
Mapfre Re secured €125m in annual aggregate European windstorm retrocession deal through its second Recoletos Re DAC.
The California Earthquake Authority secured an upsized $770m of limit target from its new Ursa Re II cat bond.
This week, we also revealed the first four expert speakers for our upcoming ILS NYC 2026 conference.
In other stories this week, the Asian Development Bank (ADB) approved plans to issue a pilot parametric cat bond for Kyrgyz Republic and Tajikistan.
Third-party investor capital under management in RenaissanceRe Capital Partners strategies rose to $8.54bn.
Barclays Research indicated that current catastrophe bond market dynamics are perceived as being negative for both the reinsurance market and pricing cycle.
The industry's focus should be on expanding the overall market for protection, drawing on all types of capital to meet rising demand, Chris McKeown of Vantage Risk told us in an interview.
OAK Global has launched a retrocession division OAK Enterprise, and at least one of the investors has funded its commitments through the Lloyd's ILS structure London Bridge.
At $100 million in size, an Eclipse Re Ltd. (Series 2025-8A) cat bond lite has become the biggest from the issuer this year.
Data-driven enhancements in modeling tools and risk-analysis processes are encouraging a broader range of investors to back reinsurance, according to Willis Re.
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.
Catch up on our video interviews with ILS market leaders here.
If you prefer to listen, subscribe to our podcast series for audio interviews & additional special episodes.
We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
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