144A catastrophe bond issuance officially hits $20bn milestone in 2025
With the settlement today of two new catastrophe bonds, the 144A marketplace for new cat bond issuance has now just reached the $20 billion milestone in 2025, while including private deals the total amount of settled issuance tracked by Artemis this year is now $20.62 billion. $20 billion of full Rule 144A catastrophe bonds is […]
WFP calls for disaster risk financing expansion amid cat-driven food insecurity
At COP30, the United Nations World Food Programme (WFP) warned that a 1°C rise in global temperatures could thrust an additional 70 million people into food insecurity across the 45 countries where it operates, highlighting the urgent need to expand disaster risk financing. The programme continued, “Extreme weather is exacerbating a global hunger crisis, as […]
Beazley launches Bermuda platform with $500m to support ART / ILS expansion and growth
Beazley, the London headquartered specialty insurance and reinsurance company, has made a significant commitment to the Bermuda marketplace with the deployment of $500 million of capital to establish a new platform on the island to drive growth and expansion into the alternative risk transfer market, including ILS opportunities. Beazley announced its third quarter trading update […]
Rwanda explores layered disaster risk transfer, with cat bonds on the table
In what could mark a significant step for sovereign risk management in East Africa, Rwanda is weighing the use of catastrophe bonds within a new disaster risk finance (DRF) strategy according to the World Bank Group. Over 100 government officials, development partners and financial experts reportedly met in Kigali in October for a workshop to […]
Jamaica’s $150 million payout rekindles parametric concerns, but ILS market holds firm
Swiss Re head says investors have taken the Melissa redemption in stride Jamaica’s full US$150 million catastrophe bond payout after Hurricane Melissa, one of the largest sovereign cat-bond redemptions in recent years, is reverberating through the insurance-linked securities (ILS) market. The World Bank confirmed on Nov. 7, 2025 that Jamaica’s 2024 catastrophe bond, issued through its International […]
Alternative capital accelerates in 2025 as investor confidence grows: Artex
2025 has seen continued growth within the alternative capital markets, supported by steady expansion across property catastrophe and casualty lines, along with increased capital flowing into catastrophe bonds and collateralized reinsurance transactions, greatly reflecting investor confidence, according to Artex Risk Solutions. In its Fall 2025 state of the market report, executives from Artex noted, “the […]
Jamaica’s PM credits disaster risk financing with reducing debt burden after Hurricane Melissa
Reflecting on the impacts of Hurricane Melissa, Jamaica’s Prime Minister Dr. Andrew Holness has stressed the importance and effectiveness of responsive disaster risk financing instruments in reducing the country’s debt burden in the aftermath of the hurricane. According to estimates from the World Bank Group, in coordination with the Inter-American Development Bank (IDB), the physical […]
Cat bond market helps CEA reduce its reinsurance attachment point and costs
Over the last year the California Earthquake Authority (CEA) has benefited from strong execution in the catastrophe bond market to lower both its reinsurance attachment point and costs associated with risk transfer. With now three catastrophe bonds sponsored so far in 2025, the California Earthquake Authority (CEA) has steadily increased the capital markets share of […]
ADB approves plan to issue catastrophe bond for Kyrgyz Republic and Tajikistan
The Asian Development Bank (ADB) has approved plans to issue a pilot parametric catastrophe bond for Kyrgyz Republic and Tajikistan which could be as much as $100 million in size, protecting both countries against earthquake and flood risks. This initiative accompanies ADB’s approval of a $56.4 million program aimed at strengthening both countries’ capacity to […]
Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilience
Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-linked loans. Swiss Re says insurance-linked loans, alongside parametric insurance, catastrophe bonds, and contingent credit lines, are an […]