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Swiss Re is looking to issue at least $250 million Matterhorn Re Ltd. (Series 2026-2) two-tranche catastrophe (CAT) bonds, the "A" tranche covering two-years and the "B" tranche one year. Both tranches will cover losses from US named storms across northeast US states and US named storms including Puerto Rico, D.C. and the US Virgin Islands on an industry loss index per-occurrence basis. [Source: Artemis.bm]

Mangrove Property Insurance is looking to issue at least $100 million Buttonwood Re Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms and hurricanes in the state of Florida on an indemnity and per-occurrence and annual aggregate basis. [Source: Artemis.bm]

American Coastal Insurance Company will issue its targeted $200 million Armor Re II Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storm, earthquake, fire following, severe weather, and fire in Florida on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]

Florida’s Citizens Property Insurance Corporation is looking to issue at least $450 million Everglades Re II Ltd. (Series 2026-1) three-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms across the state of Florida on an indemnity basis. [Source: Artemis.bm]

Tower Hill Insurance Exchange will issue $375 million Winston Re Ltd. (Series 2026-1) three-tranche three-year catastrophe (CAT) bonds, versus the original $225 million target. They will cover losses from named storms in Florida on indemnity and per-occurrence basis. [Source: Artemis.bm]

Clara Pensions has agreed to take on the £43 million Videndum DB Pension Scheme as its fifth deal and is using the transaction to launch a new section aimed at smaller schemes, offering a streamlined structure that avoids bespoke terms and pools such schemes for better eventual insurance pricing. Videndum, a camera equipment manufacturer, is transferring its 500-member scheme after improving its funding, with Clara injecting additional capital to further secure benefits. Clara reports a pipeline of more than 30 schemes from about £30 million to £2 billion and expects growing momentum as the Pension Schemes Bill creates a full statutory framework for DB superfunds and encourages new market entrants. [Source: Pensions Expert]

Utmost Life and Pensions has converted its 2025 buy-in of the Noble Foods Limited Pension Scheme into its first full scheme buyout, moving 455 members onto individual annuity policies and fully insuring the scheme’s liabilities. Noble Foods, a UK fresh groceries supplier, reported scheme assets of £33.9m as of September 27 2024, underscoring the small-scheme bulk annuity focus of this deal. (Pensions Expert)

Nationwide Mutual Insurance Company is looking to issue at least $200 million Aquila Re I Ltd. (Series 2026-1) two-tranche four-year catastrophe (CAT) bonds. They will cover losses from US named storm, earthquake, severe thunderstorm, winter storm, wildfire, meteorite impact, and volcanic eruption across the United States on an indemnity and per-occurrence basis. [Source: Artemis.bm]

Ariel Re will issue its targeted $125 million of London Bridge 2 PCC Limited (Titania Re 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms, earthquakes and wildfire events across the United States on industry-loss index and annual aggregate basis. [Source: Artemis.bm]

The Graham Asset Management Pension and Life Assurance Scheme completed a £1 million “micro” buy-in with Legal & General (L&G) in April 2026, securing the retirement benefits of 13 deferred and pensioner members. The deal leveraged L&G’s price lock mechanism to ensure pricing certainty throughout the transaction. The transaction is described as a significant de-risking step, with a clear pathway toward full buy-out and eventual wind-up of the scheme. [Source: Pensions Age]

Spinnaker Insurance Company is looking to issue at least $100 million Mountain Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storm, earthquake, severe thunderstorm, winter storm, and fire (primarily wildfire in California) on a per-occurrence and indemnity basis. [Source: Artemis.bm]

Texas Windstorm Insurance Association (TWIA) is looking to issue at least $450 million Alamo Re Ltd. (Series 2026-1) three-tranche mixed-duration catastrophe (CAT) bonds. They will cover losses from Texas named storms and severe thunderstorms on an indemnity trigger and annual aggregate basis. [Source: Artemis.bm]

Convex Group is looking to issue at least $200 million Hypatia Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from U.S. named storms and earthquakes including Puerto Rico, D.C. and the US Virgin Islands, and earthquakes Canada on an industry loss index basis. [Source: Artemis.bm]

An IGG survey shows that low dependency strategies—where a DB scheme is fully funded on a low‑risk, liability‑matching basis so it needs minimal future employer support—have become the leading endgame choice, with 43 per cent of schemes pursuing low dependency versus 35 per cent targeting buyout and 22 per cent planning to run on, as improved funding expands options but exposes a growing governance gap on how to manage and share future surplus, with most schemes lacking clear frameworks for surplus triggers, uses and decision‑making between trustees and sponsors. [Source: Pensions Expert]

People’s Trust Insurance Company is looking to issue at least $100 million GWS Re Limited (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storms on an indemnity per-occurrence basis. [Source: Artemis.bm]

Louisiana Citizens Property Insurance Corporation is looking to issue at least $150 million Bayou Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms in the state of Louisiana on indemnity per-occurrence basis. [Source: Artemis.bm]

Florida Peninsula Insurance will issue $250 million Palm Re Ltd. (Series 2024-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from named storm losses in the state of Florida, on a per-occurrence and indemnity trigger basis. [Artemis]

One Alliance North America Insurance Company will issue $115 million One Shield Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from named storms in Florida, Georgia, Hawaii, North Carolina, South Carolina and Texas, and wildfires in California on indemnity and per-occurrence basis. [Source: Artemis.bm]

Standard Life research finds many UK defined benefit schemes are exploring in‑specie transfers and secondary market sales of illiquid assets, such as private equity, private debt and real estate, to smooth bulk annuity transactions by improving timing and certainty while managing regulatory constraints on insurers’ asset holdings. While direct transfers of illiquid assets to insurers remain rare, a few large buy‑ins have included them, and a wider toolkit is emerging that also includes deferred premiums and transfers to sponsoring employers. Standard Life’s Claire Altman stresses that feasibility depends on insurer appetite, asset characteristics and regulation, so early preparation and strong advice are crucial to avoid delays in a busy market and to position schemes effectively for buy‑in or buyout endgames. [Source: Pensions Expert]

Aviva has completed a £100 million bulk purchase annuity for the Iveco Limited Pension Scheme, insuring the defined benefit liabilities of about 1,350 members and further de-risking the sponsor’s balance sheet. [Source: Pensions Expert]

Palomar Insurance Holdings is looking to issue at least $375 million Torrey Pines Re Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds. They will cover losses from California earthquake (with potential expansion to other states at reset) and Hawaii named storm on indemnity and per-occurrence basis. [Source: Artemis.bm]

Mapfre Re is looking to issue at least $200 million Recoletos Re DAC (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms in all states except Florida on indemnity and per-occurrence basis. [Source: Artemis.bm]

M&G, via its Prudential Assurance subsidiary, has completed a £60 million bulk purchase annuity deal that secures the pensions of over 750 members by simultaneously taking an illiquid asset in-specie from the scheme into its £134 billion With-Profits Fund, turning what is usually a barrier to insurance into a bespoke de-risking solution. [Source: M&G]

The Iveco Limited Pension Scheme has completed a £100 million full-scheme buy-in with Aviva, securing benefits for all 225 deferred and 1,127 pensioner members as part of its long-term de-risking strategy. [Source: Pensions Age]

Zurich American Insurance will issue $125 million Turicum Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $100 million target. They will cover losses from US named storms and earthquakes on indemnity and per-occurrence basis. [Source: Artemis.bm]

Hannover Re’s Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued two new private catastrophe (CAT) bonds, with a relatively small $4 million of notes issued across the LI Re (Series 2026-1) and LI Re (Series 2026-2) deals that will support securitized and collateralized unspecified reinsurance or retrocession arrangements. [Artemis.bm]

Kin Insurance will issue $335 million Hestia Re Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds, versus the original $300 million target. They will cover losses from named storms in Florida, Alabama, Georgia, Louisiana, Missouri, Mississippi, South Carolina, Tennessee, Texas and Virginia on indemnity per-occurrence basis. [Artemis.bm]

An unnamed financial services sector pension scheme has completed a full-scheme buy-in deal with Canada Life. The transaction secured the benefits of more than 80 pensioners and 60 deferred members. [PensionsAge]

Aon Securities reports that outstanding collateralized reinsurance sidecar capacity grew by more than $5 billion in 2025, taking the market to roughly double its mid‑2024 size, with growth now driven primarily by casualty and multiline (non‑cat) sidecars that generate float and appeal to private credit and private equity investors seeking diversified insurance risk and investment income. Sidecar terms have been tightened since the loss-heavy 2017–2020 period, improving alignment between sponsors and investors and enabling expansion into non-cat and longer‑tailed lines while maintaining investor protection. Insurers, reinsurers and MGAs are using sidecars and related quota-share structures (including packaged “ReShares”) to diversify reinsurance panels, access retrocession for specialty and casualty portfolios, and place whole-account business, particularly through Lloyd’s and Bermuda platforms. As a result, sidecar capital has become an important tool for supporting cedant growth, managing risk exposures, diversifying reinsurance sources and enhancing commissions, with current investor demand showing no signs of slowing. [Source: Artemis.bm]