Here's our latest Friday wrap-up of key news from the week.
Weekend viewing: First video from our ILS NYC 2026 conference.
This week we broke the news that Hannover Re has sponsored its third cloud outage cat bond, with the $35m Cumulus Re 2026-1 deal the largest in the series yet.
Two new catastrophe bonds joined the market pipeline. First, Allied Trust returned with a $100m target for its second Sabine Re cat bond.
While Kin Insurance also launched its fourth offering of Hestia Re cat bond notes, targeting its broadest reinsurance cover from the deals yet.
This week we also reported that the NCIUA successfully priced its $600m Cape Lookout Re 2026-1 cat bond, its second with an integrated resilience feature.
Plymouth Rock secured its targeted $100m in named storm reinsurance through its debut Tremont Re catastrophe bond.
And Tokio Marine is targeting lower pricing for its latest Kizuna Re cat bond, while Heritage Insurance is also seeking strong execution for its latest Citrus Re deal.
UCITS cat bond funds averaged 0.46% for February 2026 taking their year-to-date performance to 1.00%.
In other stories this week, with the Middle East conflict still raging, Icosa Investments explained why there is no contagion risk for cat bonds, but said there are linkages worth considering.
Brad Corbett of Shuriken Capital Management explained why the ILS market should kep an eye on stress in private credit.
We reported that CalPERS ILS investment reached $1.451bn at YE 2025, with investments to strategies managed by Tangency Capital, Integral ILS and Swiss Re's SRILIAC.
Also on the Middle East conflict, ILS Advisers highlighted that cat bonds can be a compelling refuge for fixed income investors.
AM Best said that cat bond coverage can be economically favourable in some layers compared to traditional reinsurance.
SageSure completed its second Seawall Re reinsurance sidecar, to provide it $200m of cover.
Guy Carpenter's Jeremy Goodman explained how collateralized ILS and parametrics have a role to play in risk transfer for the digital infrastructure and data centre build.
We also reported on the latest extensions of maturity for NFIP FloodSmart Re cat bonds, as the threat of losses from hurricane Helene persists.
Hannover Re's Sven Althoff signalled that the conflict in the Middle East has the potential to create losses in specialty reinsurance arrangements, which if the situation persists could have ramifications for some specialty lines ILS structures.
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.
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We'll be back next week with more regular coverage.
We hope you have a safe & relaxing weekend.
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