Florida State pension invests $200m in Tangency Q/S fund, $200m in Nephila specialty vehicle

The Florida State Board of Administration has further diversified its insurance-linked securities (ILS) allocations made on behalf of the Florida Retirement System Pension Plan, with $400 million invested across a quota share reinsurance strategy managed by Tangency Capital and a specialty lines opportunity managed by Nephila Capital. We had previously suggested that these two specialist insurance-linked […]

NCIUA seeks $400m Cape Lookout Re 2026-1 cat bond, its second with resilience feature

The North Carolina Insurance Underwriting Association (NCIUA) is back in the catastrophe bond market with an initial target to secure $400 million of annual aggregate named storm reinsurance protection from a new Cape Lookout Re Ltd. (Series 2026-1) issuance, which will be its second with an embedded resilience bond feature, Artemis can report. A year ago, the […]