SageSure has launched its second collateralized reinsurance sidecar, Seawall Re II Ltd., securing a much larger $200 million quota share reinsurance facility that brings total third‑party sidecar capacity on its Seawall platform to $250 million, following a $50 million debut deal in 2025. The sidecar is designed to align capital providers, SageSure, and its underwriting partners by providing diversified catastrophe risk exposure and incremental capacity that reduces carrier partners’ net catastrophe risk. SageSure highlights its strategy of building long‑term investor relationships via transparent, data‑driven catastrophe risk management and expects to secure about $7 billion of first‑event reinsurance limit for 2026, alongside $2.785 billion of multi‑year cat bond protection from the capital markets. [Artemis.bm]
SageSure scales sidecar platform with new $200m Seawall Re II vehicle (Artemis.bm)
Plymouth Rock issues $100m Tremont Re 2026-1 cat bond (Artemis.bm)
Plymouth Rock will issue $100 million Tremont Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms affecting Massachusetts and Connecticut on indemnity and per-occurrence basis. [Source: Artemis.bm]
Achmea secures €8bn longevity reinsurance from Munich Re and Pacific Life Re (Reinsurance News)
Achmea Pension & Life Insurance, the joint venture between Achmea and Sixth Street, has completed two longevity reinsurance deals with Munich Re and Pacific Life Re covering about €8 billion of pension liabilities and roughly half of its longevity risk. The transactions are intended to provide capital benefits to support Achmea’s growth in pension buyouts and optimize its investment portfolio, while leaving policyholder services and guarantees unchanged. Pacific Life Re has taken on €4 billion of the transferred liabilities. [Reinsurance News]
Allied Trust Insurance looks to issue $100m Sabine Re named storm cat bond (Artemis.bm)
Allied Trust Insurance Company is looking to issue at least $100 million Sabine Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms in Texas, North Carolina, South Carolina and Louisiana on indemnity and per-occurrence basis. [Source: Artemis.bm]
Hannover Re renews Cumulus Re parametric cloud outage cat bond at $35m (Artemis.bm)
Hannover Re issued $35 million Cumulus Re (Series 2026-1) single-tranche one-year catastrophe (CAT) bonds. They will cover losses from major cloud service provider outages in specified U.S. cloud regions on parametric and per-occurrence basis. [Source: Artemis.bm]
NCIUA secures upsized $600m Cape Lookout Re 2026-1 cat bond, second with resilience feature - Artemis.bm
The North Carolina Insurance Underwriting Association (NCIUA) will issue $600 million Cape Lookout Re Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds, versus the original $400 million target. They will cover losses from named storms across the state of North Carolina on indemnity and annual aggregate basis. [Source: Artemis.bm]
Eclipse Re issues its first private cat bond of the year, $100m Series 2026-1A - Artemis.bm
Eclipse Re Ltd. issued $100 million Eclipse Re Ltd. (Series 2026-1A) single-tranche two-year catastrophe (CAT) bonds. They will cover losses from property catastrophe reinsurance or retrocessional perils for an unknown cedent. No other details have been revealed. [Source: Artemis.bm]
Andover secures $250m reinsurance with 2nd Locke Tavern Re cat bond (Artemis.bm)
The Andover Companies will issue $200 million Locke Tavern Re Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds, versus the original $200 million target. They will cover losses from Northeast US named storm, severe thunderstorm, winter storm and earthquake risks across the states of Connecticut, Illinois, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
Olympus sponsoring $100m Abacab Re Ltd. Florida wind cat bond (Artemis.bm)
Olympus Insurance Company is looking to issue $100 million Abacab Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds. They will cover losses from Florida named storms in Florida on indemnity and per-occurrence basis. [Source: Artemis.bm]
Canada Life Insurance completes £80 mn Safeway pension buy-in (Beinsure)
Canada Life has completed an £80 million bulk annuity buy‑in with the Safeway Pension Scheme, sponsored by Safeway Stores Limited within the Morrison Supermarkets Group, securing liabilities for more than 350 deferred members and about 1,450 pensioners in the scheme’s sixth de‑risking transaction, with investment and longevity risk transferred to Canada Life while trustees retain administration. [Beinsure]
Tokio Marine targets new $100m Kizuna Re quake cat bond (Artemis.bm)
Tokio Marine & Nichido Fire Insurance Co. Ltd. is looking to issue at least $100 million Kizuna Re III Pte. Ltd. (Series 2026-1) single-tranche five-year catastrophe (CAT) bonds. They will cover losses from Japanese earthquakes, including related impacts from shake, tsunami, fire, flooding, dam rupture, sprinkler leakage, sea quakes and seismic volcanic disturbances or eruptions in Japan, on indemnity and three-year rolling aggregate basis. [Source: Artemis.bm]
Trinity Retirement Benefit Scheme secures £270m BPA deal with M&G (PensionsAge)
The Trinity Retirement Benefit Scheme has completed a £270 million bulk purchase annuity deal with M&G’s Prudential Assurance Company, its second and final buy-in, securing the benefits of over 3,200 members and insuring all remaining liabilities.
Kier Group pension scheme completes £9.5m risk transfer deal with Just Group (PensionsAge)
The Mouchel Business Services Limited Pension Scheme, sponsored by Kier Group, has completed a £9.5 million risk transfer with Just Group to secure the benefits of all 220 members in a complex defined contribution arrangement with a defined benefit underpin, which required restructuring members’ benefits before it could be insured. Members were consulted, given educational materials and paid-for independent financial advice, and the deal included an accelerated move to full administration, with Just’s partnership with the Smart Pension Master Trust used to manage different benefit components.
Allstate secures $1.2bn reinsurance with new Sanders Re cat bonds (Artemis.bm)
Allstate will issue Sanders Re IV Ltd. (Series 2026-1A) and Sanders Re III Ltd. (Series 2026-1B) catastrophe (CAT) two-tranche bonds for a total amount of $1,200 million across the two issuances, versus an original target of $500 million. Two of the tranches provide four years of coverage, the others five years. All will cover losses from named storm, earthquake, severe weather, wildfire, volcanic eruption, or meteorite impact events, across the United States (except for Florida) on a per-occurrence and indemnity triggered basis. [Source: Artemis.bm]
Heritage returns with $250m target for new Citrus Re 2026-1 named storm cat bond (Artemis.bm)
Heritage Insurance Holdings is looking to issue at least $250 million Citrus Re Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from US named storms across Connecticut, Delaware, Maryland, Massachusetts, New Jersey, New York, Rhode Island, Virginia, and Hawaii (Hawaii covered in Class B tranche only) on an indemnity and per-occurrence basis. [Source: Artemis.bm]
SageSure finalises new $175m Gateway Re 2026-2 cat bond (Artemis.bm)
SageSure will issue the targeted $175 million of Gateway Re Ltd. (Series 2026-2) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from U.S. named storm, earthquake, severe thunderstorm, winter storm, and wildfire across Florida, Louisiana, Mississippi, New York, South Carolina, and Texas on indemnity and per-occurrence basis. [Source: Artemis.bm]
California FAIR Plan secures $400m wildfire reinsurance from second Golden Bear Re cat bond (Artemis.bm)
The California FAIR Plan Association will issue $400 million Golden Bear Re Ltd. (Series 2026-2) single-tranche three-year catastrophe (CAT) bonds, versus the original $200 million target. They will cover losses from California wildfire on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
American Integrity gets $260m of reinsurance from new Integrity Re III 2026-1 cat bond - Artemis.bm
American Integrity Insurance Company will issue $260 million Integrity Re III Ltd. (Series 2026-1) four-tranche three-year catastrophe (CAT) bonds, versus the original $175 million target. They will cover losses from named storms across the states of Florida, Georgia, North Carolina and South Carolina, on an indemnity trigger and per-occurrence basis. In addition, there is an element of coverage for watercraft policy losses in the Bahamas. [Source: Artemis.bm]
LGT reinsurer Lumen Re secures $175m of retro from debut Photon Re 2026-1 cat bond (Artemis.bm)
Lumen Re will issue $175 million Photon Re Ltd. (Series 2026-1) two-tranche four-year catastrophe (CAT) bonds, versus the original $125 million target. They will cover losses from named storms and earthquakes across the US and Canada on industry loss index and annual aggregate basis. [Source: Artemis.bm]
Slide to issue $320m Purple Re 2026-1 catastrophe bonds (Artemis.bm)
Slide Insurance Company will issue $320 million Purple Re Ltd. (Series 2026-1) single-tranche three-year catastrophe (CAT) bonds, versus the original $250 million target. They will cover losses from named storm across the states of Florida, South Carolina, Rhode Island, New Jersey and New York on an indemnity and per-occurrence basis. [Source: Artemis.bm]
M&G insures engineering firm’s DB scheme; Canada Life reveals bumper Q4 (Pensions Expert)
Engineering firm Senior plc has completed a £180m bulk annuity deal with M&G, securing the pensions of over 3,000 members of its defined benefit scheme, which had a £43m surplus as of mid-2025. The deal included "residual risk" cover and was facilitated by advisers LCP, Osborne Clarke, and CMS. Separately, Canada Life reported £800m in bulk annuity business in Q4 2025, with transaction sizes ranging from £40m to £330m, and notably onboarded its first pension schemes with deferred members — a key milestone for the insurer as competition in the bulk annuity market continues to grow. [Source: Canada Life]
Bulk annuities latest: L&G and Just Group announce transactions (Pensions Expert)
Legal & General (L&G) completed three pension scheme buy-ins totaling £86m for an unnamed family-owned manufacturing and construction company, covering 896 members across deferred and pensioner categories. Advised by Broadstone, the three schemes were brought to market together to secure more competitive pricing, particularly benefiting the smaller plans — and the entire process was completed in under six weeks. Separately, Just Group insured the Noble Denton Consultants Limited Pension Scheme for £11.4m, covering 106 members of a UK subsidiary of Norwegian firm DNV, with escrow arrangements used to provide flexibility and certainty in completing the deal before the end of 2025.
ADB aims to issue cat bond for Kyrgyz Republic & Tajikistan (Artemis.bm)
The Asian Development Bank (ADB) is planning to issue its first-ever catastrophe bond in the first half of 2026, valued at $120–$150 million, to protect the Kyrgyz Republic and Tajikistan against earthquake and flood risks over a three-year term. The parametric bond, called a Disaster Relief Bond (DRB), will be issued directly under ADB's Global Medium-Term Note (GMTN) program, leveraging its AAA credit rating to simplify the structure and reduce costs — eliminating the need for a special purpose vehicle or collateral. Payouts will be triggered automatically based on predefined disaster thresholds, providing up to $50 million per country for earthquakes and $10–$25 million for floods, with each country also receiving a $15 million grant from the Asian Development Fund to help cover risk premiums. [Source: Artemis.bm]
PIC completes £113m buy-in with the Sopra Steria Retirement Benefits Scheme -(Reinsurance News)
PIC has completed a £113 million full buy-in transaction with the Steria Management Plan Section of the Sopra Steria Retirement Benefits Scheme, securing benefits for all 355 members. [Source: Reinsurance News]
IBM pension scheme completes £700m buy-in with Standard Life (PensionsAge)
The IBM I.T. Solutions Pension Scheme (I Plan) has completed a £700 million buy-in deal with Standard Life in November 2025, securing benefits for over 3,600 pensioner and deferred members while removing funding and investment risk from the scheme. [Source: Pensions Age]
Pacific Life Re & ASR Nederland N.V. complete €1.3bn longevity swap in Dutch market (Artemis.bm)
Pacific Life Re has completed a €1.3 billion longevity swap reinsurance agreement with Aegon Levensverzekering N.V. in the Netherlands, marking its second such deal in the Dutch market following a €2 billion transaction with NN Life in February 2025. The transaction covers a portion of defined benefit pensions from a pension buy-out, including both pensioners and deferred members, and aims to strengthen Pacific Life Re's presence in the Dutch market while helping a.s.r. mitigate longevity exposure and optimize its balance sheet. [Source: Artemis.bm]
Andover Companies seeks Locke Tavern Re $200m cat bond renewal (Artemis.bm)
The Andover Companies is looking to issue at least $200 million Locke Tavern Re Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from Northeast US named storm, severe thunderstorm, winter storm and earthquake risks across the states of Connecticut, Illinois, Maine, Massachusetts, New Hampshire, New Jersey, New York and Rhode Island on an indemnity trigger and per-occurrence basis. [Source: Artemis.bm]
NCIUA seeks $400m Cape Lookout Re 2026-1 cat bond (Artemis.bm)
The North Carolina Insurance Underwriting Association (NCIUA) is looking to issue at least $400 million Cape Lookout Re Ltd. (Series 2026-1) two-tranche three-year catastrophe (CAT) bonds. They will cover losses from named storms across the state of North Carolina on indemnity and annual aggregate basis. [Source: Artemis.bm]
KLM UK Pension Scheme Secures £240m Buy-in with Rothesay (PensionsAge)
The KLM UK Pension Scheme has completed a £240 million buy-in transaction with Rothesay, securing coverage for all 1,852 previously uninsured members, including 924 pensioners and dependents plus 928 deferred members. [PensionsAge]
Vistry Pension Schemes Complete £155m Buy-in with PIC (PensionsAge)
U.K.-based Vistry's three final salary pension schemes have completed a £155 million full buy-in deal with Pension Insurance Corporation (PIC), securing benefits for 1,671 members across the Bovis Homes Pension Scheme, Galliford Try Final Salary Pension Scheme, and Kendall Cross Holdings Limited Pension and Assurance Scheme. [PensionsAge]