A round-up of our ILS focused news from this week
End of week Artemis update - February 27th 2026 | | | End of week Artemis update | Here's our latest Friday wrap-up of key news from the week. We reported another new catastrophe bond joining the pipeline this week, as Heritage returned with a $250m target for a new Citrus Re deal. Issuance is on pace to be the second busiest Q1 ever with $5.86bn our latest projection, although that is a figure likely to rise. Allstate secured the most limit in its history from the cat bond market in a single visit this week, at $1.2bn across its new Sanders Re issuances. Lumen successfully priced its debut Photon Re cat bond for $175m of retro limit. CUO Klaus Sapelza said the cat bond is a natural evolution of its retro strategy. The California FAIR Plan Association priced its second cat bond to provide $400m of wildfire reinsurance. American Integrity secured $260m of named storm reinsurance protection from its new cat bond. SageSure priced its latest Gateway Re cat bond to provide $175m of reinsurance to two related underwriting entities. Meanwhile, the Texas Windstorm Insurance Association (TWIA) opted to only purchase the statutory minimum reinsurance and cat bonds to hit the 1-in-50 year funding level in 2026.  In other stories this week, consultant bfinance said institutional investor appetite within the ILS space has been resurgent. FERMA urged the European Commission to consider use of catastrophe bonds, insurance-linked securities (ILS) and parametrics for climate resilience. Munich Re cut its retro program and scrapped its sidecars for 2026, while fellow major global reinsurer Swiss Re said it had reduced its external nat cat retro. Hiscox Capital Partners lifted ILS AUM to $1.5 billion at January 1st 2026, as $330 million of inflows served to increase deployable capital. Plenum Investments has reached a new milestone with more than US $2bn of AUM. Northern Re raised $150m for its underwriting platform and its founders told us investors are increasingly prioritising operational transparency over purely financial objectives. Mathieu Halm of Arundo Re told us that the 157 Re sidecar has become a reliable and central alternative capital vehicle for the firm. 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.  | Featured Conferences & Events | Artemis London 2026, September 1st Our annual catastrophe bond and ILS conference in London returns on September 1st 2026. Please save the date! | Reinsurance News is a our sister service which delivers the reinsurance news that matters directly through our responsive website and by email to your inbox. This single daily email contains the most important reinsurance news, hand selected by an experienced team of researchers and journalists with years of reinsurance industry experience. | Stay in touch with Artemis | | | | |
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