Kerala urges Indian government to issue cat bonds to protect against disaster-linked losses
With the Indian state of Kerala remaining highly vulnerable to numerous types of natural disaster events, the state has reportedly asked the countries Union government to consider issuing catastrophe bonds in order to help provide protection against disaster-linked financial losses, according to a report from The Hindu. Readers may recall that there have been recent […]
UCITS catastrophe bond funds added $5.3bn+ in 2025, reaching $19.12bn AUM
Catastrophe bond funds in the UCITS format closed out a stunning year of growth to reach a significant $19.12 billion of combined assets under management by the end of 2025, representing a record $5.3 billion or almost 39% in growth over the twelve months. 2025 was of course a record year for catastrophe bond issuance, as […]
Twelve Securis launches new RT1-focused insurance-linked investment fund strategy
Specialist insurance-linked securities manager Twelve Securis has launched a new insurance-linked investment fund strategy that will primarily focus on Restricted Tier 1 (RT1) insurance debt instruments. According to the firm, the new strategy, which is called The Twelve Securis Credit Fund, aims to deliver attractive risk-adjusted returns by investing primarily in RT1 debt issued by […]
Catastrophe bond market records that were broken in 2025
Catastrophe bond market activity in 2025 resulted in a landmark year of issuance for the sector, as adoption of the cat bond as a structure for reinsurance protection and alternative asset class accelerated and expanded. Beyond the headline figures, such as 2025 being the first year to see over $20 billion of cat bond issuance, […]
Reinsurance sidecar market hits $19.6bn. Property $17.9bn, casualty $1.7bn: Aon Securities
The outstanding market for collateralized reinsurance sidecar structures has continued to grow at pace thanks to investor interest in the structures, with the latest estimate from Aon Securities putting invested capital in sidecar vehicles at a new high of $19.6 billion. Aon’s latest estimate shows growth in both property and casualty reinsurance sidecars in the second-half of […]
Alternative capital hits $124bn. Consistent investor appetite to drive it higher still: Aon
Alternative reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, reached a new high of $124 billion as of September 30th 2025, according to Aon and the broker expects the growth trend to persist as third-party investors show “consistent” appetite for returns from the sector. In a just released new report from […]
Private ILS heads into Jan renewals with increased capacity and technical discipline: Doris, Twelve Securis
The private insurance-linked securities (ILS) market is approaching the January renewals from a strong standpoint, with capacity projected to be marginally higher, which may exert some pricing pressure. However, according to Cahal Doris, CIO Private ILS at Twelve Securis, the firm still expects to observe technical discipline within the market. Within the wider ILS market, […]
Catastrophe bond market poised to carry record momentum into 2026: Schwartz, Twelve Securis
With 2025 setting new records for catastrophe bond issuance, the market is expected to maintain its strong momentum as it heads into 2026 as a resilient and growing asset class with strong technical underpinnings, Etienne Schwartz, CIO Liquid Strategies at ILS investment manager Twelve Securis told Artemis. At this time of writing, cat bond issuance across […]
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Galapagos Capital uses SSPE structure to issue R$100m Brazil ILS transaction
Global investment company Galapagos Capital has announced the issuance of up to R$100 million in Insurance Risk Letters (LRS), which are the Brazilian regulatory regime version of insurance-linked securities (ILS), marking the second ever ILS issuance in Brazil, and the first from Galapagos Capital. Recall at the end of 2024, Galapagos Capital received authorisation from Brazil’s […]