Here's our latest Friday wrap-up of key news from the week.
The cat bond market continues to fly, with three new deals and a raft of updates this week.
RenaissanceRe returned for a $200m+ Mona Lisa Re, Germania Insurance entered the market for its debut cat bond Handshake Re, and Canadian insurer TD returned for its second MMIFS Re.
Beazley secured the largest cyber cat bond yet as its PoleStar Re deal priced to provide $300m of reinsurance.
The California FAIR Plan secured the largest wildfire cat bond ever, with its $750m Golden Bear Re now priced.
AXA XL secured its latest retro cat bond, pricing the Galileo Re deal at $175m in size.
Liberty Mutual also finalised its latest cat bond, securing an upsized $150m of protection.
The Hartford, Farmers and AmFam also finalised their new cat bond issues, each benefiting from attractive market conditions.
There were also updates this week to a number of other deals that have yet to price, including for: Progressive's aggregate deal; Beazley's nat cat bond; and Inigo's new Montoya.
In other stories this week, Azimut Investments has been approved to launch a new UCITS cat bond fund.
We revealed the second wave of speakers for our upcoming ILS NYC 2026 conference in New York.
The Iowa Public Employees' Retirement System (IPERS) conceptually approved a new allocation to a Man AHL managed catastrophe bond fund.
Michael Millette of Hudson Structured Capital Management told Jefferies analysts that the ILS market could grow another $10bn to $20bn in 2026.
Galapagos Capital announced the issuance of up to R$100m in Insurance Risk Letters (LRS), the Brazilian regulatory regime version of insurance-linked securities (ILS).
The decline in cat bond market yields slowed in November, while UCITS cat bond funds averaged 9.60% for the year by the end of that month.
Allianz and Oaktree Capital Management are partnering on a sidecar-like reinsurance syndicate in the Lloyd's market.
Ledger Investing announced the launch of casualty ILS focused SaaS platform Korra.
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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