Artemis Highlights for the Week
The week ending August 30th, 2026, saw significant developments in catastrophe bonds, ILS, reinsurance capital, and related risk transfer topics. Marsh is aiming to bring alternative sources of insurance and reinsurance capital into the digital infrastructure risk transfer sector through the launch of a $10 billion property insurance exchange named Stratus.
Fitch Ratings anticipates the growth of the alternative reinsurance capital and insurance-linked securities market will continue in 2027, as risk-adjusted returns remain attractive to investors and sponsor demand for capacity remains high. This growth is expected despite the backdrop of reinsurance rate softening.
Beazley has partnered with specialist insurance-linked securities investment manager Integral ILS Ltd. to establish a new cyber ILS fund operation in Bermuda.
According to AM Best, the deployment of traditional capacity is still more impactful to softening than ILS, despite the strong growth of the ILS market. It is due to record levels of cat bond issuance.
Blackstone Alternative Asset Management has made a second direct investment into a catastrophe bond through one of its flagship multi-strat alternatives funds. This investment demonstrates the continued interest of alternative asset managers in the ILS market.
The Nature Conservancy’s (TNC) Hawaiʻi parametric coral reef insurance policy will pay for damage assessment and reef repairs for the first time since it purchased the United States’ first such policy four years ago. This is following recent impacts from Hurricane Lala, which brought dangerous flooding, strong winds, and major power outages across the state.
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RGA expects to have its first third-party capitalised life reinsurance sidecar fully-deployed this year and is already evaluating a second iteration of the structure. They demonstrate the continued interest in sidecar arrangements for life reinsurance.
Wilton Re is partnering with Sun Life Financial Inc. to launch Windsor Life Re, a new U.S. and Bermuda-based company that will initially act as a kind of life and annuity reinsurance sidecar for the company. It is expected to deploy around US $900 million in capital.
UBS Asset Management sees catastrophe bonds as an attractive asset class, given the carry they can provide remains relatively attractive compared to other investments in credit and fixed income. As a result, UBS plans to marginally increase cat bond allocations.
BTG Pactual has established an insurance-linked securities structure named BTG Pactual Sociedade Seguradora de Propósito Específico S.A. (BTG Pactual SSPE) to issue Letras de Risco de Seguro, Brazil’s own-brand of ILS instrument.
Fitch Ratings anticipates the growth of the alternative reinsurance capital and insurance-linked securities market will continue in 2027, as risk-adjusted returns remain attractive to investors and sponsor demand for capacity remains high.
