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 […]

Cat bonds now “structural anchors”. Investors look to long-term ILS allocations: HCMA

Catastrophe bonds and insurance-linked securities became increasingly embedded in reinsurance programmes in 2025, a trend set to continue as investors increasingly look to long-term allocations to the asset class, executives from Howden Capital Markets & Advisory (HCMA) have explained. Reflecting on a busy year for cat bonds and ILS in 2025, HCMA explained that, “Investor appetite […]

Cat bonds among most compelling instruments in alternative investments: Neue Bank

A recent commentary from Neue Bank AG hailed catastrophe bonds as one of the most compelling financial instruments within the field of alternative investments, with the firm particularly emphasising their capacity to offer significant diversification opportunities for investors. Neue Bank AG is a private bank based in Vaduz, Liechtenstein, specialising in personalised wealth management, investment […]

Why the short-tail nature of parametric risk is reshaping third-party capital: CelsiusPro CEO

In the increasingly volatile world of catastrophe risk, the primary hurdle for third-party capital has rarely been the risk itself, but rather the tail; the years-long process of loss adjustment and trapped capital that follows a major event. However, CelsiusPro is making the case that parametric insurance offers a cleaner alternative for institutional investors, according […]

Twelve Securis partners with UBP to develop and launch new Mosaic ILS Fund

Specialist insurance-linked securities (ILS) manager Twelve Securis has announced the launch of its new Mosaic ILS Fund, jointly developed with Swiss private bank, Union Bancaire Privée (UBP), building on their established working relationship. The Mosaic ILS Fund will be managed by Twelve Securis and UBP will act as strategic partner in both the development and […]

Cat bonds a sustainable opportunity. Private ILS gaining investor momentum: JANA

As the catastrophe bond market continues to expand, these particular financial instruments continue to offer a sustainable opportunity for investors, while interest in private insurance-linked securities (ILS) is increasing as investors seek to further diversify within the asset class, according to Chris McAvoy, Head of alternatives research at JANA Investment Advisers Pty Limited. Writing in […]