Catch up on our top stories of the last week
Best of Artemis, week ending May 3rd 2026
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- Jamaica returns for new $150m World Bank cat bond to replace coverage triggered by Melissa
The Government of Jamaica is back in the catastrophe bond market again with the support of the World Bank, targeting $150 million of parametric named storm and hurricane protection from an IBRD CAR Jamaica 2026 issuance, designed to replace its coverage that was triggered by hurricane Melissa.
- It’s time to bring the catastrophe bond onshore: John Seo
In order for the catastrophe bond market to meet its full potential John Seo of Fermat Capital Management believes onshore United States options for issuers would be beneficial, saying it’s time this was seriously considered.
- WFP progresses food security catastrophe bond plan, to mobilise $100m for drought resilience
The United Nations World Food Programme (WFP) is progressing a plan to become the first to utilise catastrophe bonds for food security financing, in a novel transaction that would see it become the first UN agency to sponsor a cat bond.
- Allstate buys Nationwide occurrence reinsurance to $11.5bn, gets $1bn new aggregate cover
Allstate added more protection to its per-occurrence Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower a new high of $11.5 billion at its renewal, while also securing a new $1 billion aggregate excess reinsurance arrangement as well.
- Markel’s Wilson concerned about sidecar-backed MGA’s chasing US casualty pricing down
Simon Wilson, CEO of Markel Insurance, said he is concerned about the competitive tendencies of certain MGA’s that are backed by sidecars and private capital, who he believes may be chasing US casualty risk pricing down in areas of the market where caution is warranted.
- Supply-demand softening property at a pace “I’ll only describe as dumb” – Chubb CEO Greenberg
CEO Evan Greenberg called out supply-demand factors related to capital in the insurance and reinsurance industry, as well as high levels of intermediation cost, as softening the property insurance market at a pace he called “dumb”.
- UK Gov to legislate for risk transformation and ILS flexibility to promote innovation and growth
The Government of the United Kingdom says it will pass reforms through legislature to promote insurance-linked securities (ILS) innovation in the country and facilitate a wider range of transaction structures.
- Notable rise in ILS investor appetite and sophistication evident in 2026: Gallagher Re
A recent survey of insurance-linked securities (ILS) investors conducted by Gallagher Re and Gallagher Securities reveals a notable rise in market appetite for 2026, saying a clear majority of both specialist and generalist allocators intend to expand their exposure to insurance-related assets over the next two years.
- Cayman considers catastrophe bond, more parametric insurance
As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection by turning to the insurance-linked securities (ILS) market to potentially issue its own catastrophe bond.
- Northern Re to scale capital intelligence via Palantir platform selection
Northern Re, the company that provides investors access to returns of its long-tail casualty underwriting business, has announced that it has selected Palantir Technologies as a core platform to support the continued development of its capital intelligence capabilities.
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Featured Conferences & Events |
Artemis London 2026 - September 1st
Our annual catastrophe bond and insurance-linked securities conference in London, UK returns on September 1st 2026.
Tickets going on sale this week!
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