VIG Re, the reinsurance arm of Vienna Insurance Group, is the latest first-time sponsor to enter the catastrophe bond market, as the company seeks a €50 million or greater source of fully-collateralized European windstorm retrocession through a Charles Bridge Re 2026 DAC issuance, Artemis has learned.
VIG Re is a leading market-facing reinsurer in Central and Eastern Europe, but is also pursuing international growth and expansion and at the same time provides reinsurance to VIG Group companies as well.
This is the first time VIG has been seen in the catastrophe bond market though and its market entry will take the number of new cat bond sponsors seen in 2026 to 15, which will equal the record set last year once this offering settles.
Charles Bridge Re 2026 DAC has been established in Ireland as a designated activity company for VIG Re’s debut catastrophe bond, sources have told us.
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