Jamaica now targets upsized $200m of parametric insurance from new catastrophe bond
The Government of Jamaica has raised the target size for its third catastrophe bond, now aiming to secure $200 million of parametric named storm and hurricane insurance protection from the World Bank facilitated IBRD CAR Jamaica 2026 issuance, market sources have told Artemis. Jamaica returned for its third catastrophe bond sponsorship at the end of April, initially targeting […]
Rochdale sees elevated industry-loss warranty (ILW) demand as mutual fund returns 11.27%
The City National Rochdale Select Strategies Fund delivered a net return of 11.27% for the year ended January 31st 2026 and its investment adviser said demand for industry-loss warranty (ILW) protection has been elevated, leading it to expect promising opportunities for 2026 portfolio construction. The City National Rochdale Select Strategies Fund is a mutual insurance-linked […]
ADB cat bonds an ‘important proof point’ of Munich Re’s Public Sector objectives: Roth
After assisting the Asian Development Bank (ADB) in the issuance of its first catastrophe bond offerings, Michael Roth of Munich Re has highlighted how the transactions are an important proof of the reinsurer’s Capital Partners Public Sector objectives. We reported in late April, that the Asian Development Bank’s (ADB) first catastrophe bonds had been priced in […]
Icosa to add Dell’Amore as a Portfolio Manager for growing cat bond fund
Icosa Investments AG is adding experienced insurance-linked securities and catastrophe bond investments specialist Raffaele Dell’Amore as a new Portfolio Manager for its growing Icosa Cat Bond Fund strategy, Artemis has learned. We understand Dell’Amore will be employed by both Icosa Investments AG, which distributes the Icosa Cat Bond Fund UCITS strategy, as well as its […]
Korean Re seeks second Solomon Re cat bond, adds parametric Israel quake as covered peril
Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report. Almost three years ago Korean Re sponsored […]
PGGM / PFZW ILS investments returned 12.4% in USD, ended 2025 at $8.904bn AUM
The insurance-linked securities (ILS) and reinsurance investments portfolio managed by specialist pension investor PGGM on behalf of Dutch pension PFZW delivered a 12.4% return in USD for full-year 2025, while the portfolio assets ended the year at a valuation of just over US $8.9 billion. The portfolio of insurance-linked securities funds and reinsurance structures that […]
ADB issues inaugural catastrophe bonds for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) has issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, with two transactions covering earthquake and extreme precipitation risks in Tajikistan and the Kyrgyz Republic. The DRBs will provide rapid and targeted financial support to both countries following severe earthquake or flood events, based on predefined […]
Portugal to consider catastrophe bonds as it looks to elevate its disaster resilience
The government of Portugal is considering catastrophe bonds as a potential mechanism that could be utilised to provide risk capital for disaster resilience and to better manage catastrophe risk exposure in the country. The government published its Portugal Transformation, Recovery and Resilience Plan (PTRR) recently, indicating a significant EUR 22.6 billion spending plan to boost […]
ADB’s inaugural catastrophe bonds to “pave way for future issuances” – VP Roberta Casali
Following the successful issuance of the Asian Development Bank’s (ADB) first catastrophe bond offerings, Roberta Casali, Vice-President for Finance and Risk Management at the ADB has explained how the cat bonds will provide committed financing for disasters and said she hopes the first ADB cat bonds will “pave the way for future issuances.” As we […]
ADB Issues Inaugural Disaster Relief Bonds Targeting Earthquake and Extreme Precipitation Risk in the Kyrgyz Republic and Tajikistan
MANILA, PHILIPPINES (3 May 2026) — The Asian Development Bank (ADB) issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, as part of its regional Risk-Layered Disaster Relief Finance Program which aims to reduce the financial impact of natural hazards and climate-related shocks. The bonds are designed to protect against severe disasters and […]