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 […]

Global data center expansion presents clear role for ILS and capital markets: Aon

With growing capacity demands within AI and other cloud computing services leading towards a surge in data centers, this rapid expansion also presents a clear role for insurance-linked securities (ILS) and the capital markets, according to broker Aon. In its recent reinsurance renewals report, Aon outlined that the rapid expansion of data centers represents a […]

Malta eases accounting requirements for reinsurance special purpose vehicles

Malta has streamlined the accounting requirements for Reinsurance Special Purpose Vehicles (RSPVs), a move expected to significantly bolster the country’s insurance-linked securities (ILS) market. According to Malta-based law firm Ganado Advocates, these changes offer a more proportionate regulatory environment for complex risk vehicles. For context, Malta introduced regulatory frameworks for RSPVs and securitisation several years ago. The […]

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 […]

Hannover Re grows retro at January renewals, adds parametric earthquake cover

Large European reinsurer Hannover Re expanded its retrocession protections by around 17%, or EUR 200 million to EUR 1.4 billion at the January 1st, 2026, reinsurance renewals, with increased capacity for its capital markets backed K-Cessions quota share sidecar facility, and a new parametric earthquake cover. Today, Hannover Re has reported total premium growth of […]

IFSCA Chairman outlines new SPI sidecar framework to attract global capital to India

Speaking last week in Mumbai, India at the 2026 IFSCA-IRDAI Global Reinsurance Summit, Shri K. Rajaraman, chairman, IFSCA, highlighted how the regulator is working on a framework that would enable re/insurers to set up reinsurance sidecars in a special purpose insurance (SPI) framework, and standardise parametric solutions to attract global institutional capital. This heavily implies […]