Catastrophe bond market keeps record pace after above-average Q3: Report
Funding & Investment ·
Record ILS issuance confirms that capital markets are increasingly integral to the global catastrophe risk transfer system.
Source: Artemis
PREPHAUS INTELLIGENCE
Weekly Resilience Briefing — Week of 2026-10-01
Week ending
Catastrophe bond markets set new nine-month issuance records while flood insurance coverage gaps and wildfire exposure prompt fresh underwriting ventures and regulatory action in the US. Internationally, emerging markets are accelerating disaster risk finance innovation — from Indonesia's sovereign asset insurance to Brazil's proposed parametric frameworks — signaling a structural shift in how governments pre-arrange resilience capital. Active weather events, including Tropical Storm Nolo in Hawaii and a Northeast nor'easter, validated the operational importance of early warning systems and pre-positioned emergency declarations.
Published items
Stone Ridge cat bond fund hits $5bn AUM milestone, total mutual ILS assets now ~$7.6bn
Funding & Investment ·
Growing retail and mutual fund participation in ILS broadens the investor base underpinning resilience-linked risk transfer.
Source: Artemis
For ILS, attracting capital is not the challenge, it’s creating new opportunities to deploy: LGT’s Paul
Funding & Investment ·
The deployment-over-attraction framing signals a maturing ILS market that must innovate in risk structure rather than simply raise more capital.
Source: Artemis
Homeowners rate increases slow to 4.3% as insurers bank first underwriting profit in six years
Insurance & Risk ·
A return to underwriting profitability is a prerequisite for the market capacity expansion the US resilience economy needs.
Source: Insurance Business
Flood insurance is vanishing where the water is rising fastest
Insurance & Risk ·
A three-to-one gap between at-risk properties and insured properties represents a systemic financial vulnerability for communities and governments alike.
Source: Insurance Business
Banyan Risk launches Red Fox to write wildfire-exposed property
Insurance & Risk ·
New specialty capacity entering wildfire-exposed markets signals investor confidence that the risk can be priced and managed at appropriate margins.
Source: Insurance Business
Technology is speeding up wildfire claims, but gaps remain
Insurance & Risk ·
Pre-loss imagery and AI-assisted damage assessment are reducing claims cycle times, directly improving post-disaster recovery speed for policyholders.
Source: Insurance Business
California doubles disaster penalties in sweeping property insurance overhaul
Policy & Regulation ·
California's reforms set a precedent for state-level insurer accountability that other high-risk states are likely to follow.
Source: Insurance Business
NAIC targets .2 trillion in insurer private credit with tighter solvency rulesPolicy & Regulation ·
Solvency constraints on private credit and offshore reinsurance reduce systemic risk in the insurance sector that backstops disaster recovery.
Source: Insurance Business
Unrated reinsurers creep into $30-billion US fronting market
Policy & Regulation ·
Unauthorized reinsurer penetration into the fronting market introduces counterparty risk that could impair claims-paying ability after major disasters.
Source: Insurance Business
Risk Rating 2.0 showed what measured floor heights really do
Policy & Regulation ·
FEMA's Risk Rating 2.0 experience demonstrates that granular physical data — such as floor elevation — meaningfully redistributes flood risk premiums, a lesson Australia is now applying.
Source: Insurance Business
Indonesia: A global champion in advancing the disaster risk finance agenda
Policy & Regulation ·
Indonesia's sovereign risk finance model provides a blueprint for other high-exposure nations seeking to reduce fiscal volatility from disasters.
Source: PreventionWeb / UNDRR
Lesotho: Building a comprehensive disaster risk financing approach to support small and medium businesses
Policy & Regulation ·
Integrating MSMEs into national disaster finance frameworks addresses a major economic vulnerability that standard sovereign programs overlook.
Source: PreventionWeb / UNDRR
Brazil’s SUSEP proposes LRS reforms, cat bonds, parametrics for catastrophe protection
Policy & Regulation ·
Regulatory proposals from Latin America's largest economy could create a significant new origination market for ILS and parametric risk transfer.
Source: Artemis
Nuveen completes Schroders acquisition, plan to organise private markets by asset class
M&A & Partnerships ·
Consolidation at this scale restructures institutional access to ILS and resilience-linked alternative assets for a broad set of global investors.
Source: Artemis
Allianz may be planning a second life reinsurance sidecar, Sconset Re II
M&A & Partnerships ·
Life reinsurance sidecars expand the toolkit for managing mortality and longevity risk at scale, complementing property-cat-focused ILS structures.
Source: Artemis
Cabo Verde validates Early Warnings for All roadmap following Tropical Storm Gonzalo
Technology & Deployments ·
Completing a national EW4All roadmap in the immediate aftermath of a real event demonstrates that preparedness investment has direct operational value.
Source: PreventionWeb / UNDRR
Bushfire season is fast approaching. A satellite tool can help communities better prepare
Technology & Deployments ·
Near-real-time satellite fire risk monitoring bridges the gap between national forecasting and local preparedness decision-making.
Source: PreventionWeb / UNDRR
3654
Emergency Management & Response ·
Federal emergency declarations for tropical storm events in Hawaii activate public assistance and set the stage for infrastructure recovery funding.
Source: FEMA
Weekend nor’easter likely to bring damaging winds, coastal flooding
Emergency Management & Response ·
Nor'easter coastal flooding events in the Northeast test the adequacy of existing flood insurance coverage in a region with high property values and complex exposure.
Source: NOAA
Generali’s aggregate reinsurance in focus as European cats and weather bite in 2026
Emergency Management & Response ·
Aggregate reinsurance recovery triggers at a major European insurer signal that 2026 is shaping up as a meaningful frequency-loss year across the continent.
Source: Artemis
Can groundwater systems be resilient to droughts? Global groundwater drought recovery patterns
Research & Intelligence ·
A global classification of groundwater recovery capacity gives infrastructure planners and insurers a new tool for assessing water supply vulnerability.
Source: PreventionWeb / UNDRR
Nepal’s water infrastructure is failing, so residents are reviving an ancient solution
Research & Intelligence ·
Community-led revival of traditional water infrastructure demonstrates a low-cost adaptation strategy applicable in resource-constrained urban environments.
Source: PreventionWeb / UNDRR
Policy & Regulation ·
Solvency constraints on private credit and offshore reinsurance reduce systemic risk in the insurance sector that backstops disaster recovery.
Source: Insurance Business
Unrated reinsurers creep into $30-billion US fronting market
Policy & Regulation ·
Unauthorized reinsurer penetration into the fronting market introduces counterparty risk that could impair claims-paying ability after major disasters.
Source: Insurance Business
Risk Rating 2.0 showed what measured floor heights really do
Policy & Regulation ·
FEMA's Risk Rating 2.0 experience demonstrates that granular physical data — such as floor elevation — meaningfully redistributes flood risk premiums, a lesson Australia is now applying.
Source: Insurance Business
Indonesia: A global champion in advancing the disaster risk finance agenda
Policy & Regulation ·
Indonesia's sovereign risk finance model provides a blueprint for other high-exposure nations seeking to reduce fiscal volatility from disasters.
Source: PreventionWeb / UNDRR
Lesotho: Building a comprehensive disaster risk financing approach to support small and medium businesses
Policy & Regulation ·
Integrating MSMEs into national disaster finance frameworks addresses a major economic vulnerability that standard sovereign programs overlook.
Source: PreventionWeb / UNDRR
Brazil’s SUSEP proposes LRS reforms, cat bonds, parametrics for catastrophe protection
Policy & Regulation ·
Regulatory proposals from Latin America's largest economy could create a significant new origination market for ILS and parametric risk transfer.
Source: Artemis
Nuveen completes Schroders acquisition, plan to organise private markets by asset class
M&A & Partnerships ·
Consolidation at this scale restructures institutional access to ILS and resilience-linked alternative assets for a broad set of global investors.
Source: Artemis
Allianz may be planning a second life reinsurance sidecar, Sconset Re II
M&A & Partnerships ·
Life reinsurance sidecars expand the toolkit for managing mortality and longevity risk at scale, complementing property-cat-focused ILS structures.
Source: Artemis
Cabo Verde validates Early Warnings for All roadmap following Tropical Storm Gonzalo
Technology & Deployments ·
Completing a national EW4All roadmap in the immediate aftermath of a real event demonstrates that preparedness investment has direct operational value.
Source: PreventionWeb / UNDRR
Bushfire season is fast approaching. A satellite tool can help communities better prepare
Technology & Deployments ·
Near-real-time satellite fire risk monitoring bridges the gap between national forecasting and local preparedness decision-making.
Source: PreventionWeb / UNDRR
3654
Emergency Management & Response ·
Federal emergency declarations for tropical storm events in Hawaii activate public assistance and set the stage for infrastructure recovery funding.
Source: FEMA
Weekend nor’easter likely to bring damaging winds, coastal flooding
Emergency Management & Response ·
Nor'easter coastal flooding events in the Northeast test the adequacy of existing flood insurance coverage in a region with high property values and complex exposure.
Source: NOAA
Generali’s aggregate reinsurance in focus as European cats and weather bite in 2026
Emergency Management & Response ·
Aggregate reinsurance recovery triggers at a major European insurer signal that 2026 is shaping up as a meaningful frequency-loss year across the continent.
Source: Artemis
Can groundwater systems be resilient to droughts? Global groundwater drought recovery patterns
Research & Intelligence ·
A global classification of groundwater recovery capacity gives infrastructure planners and insurers a new tool for assessing water supply vulnerability.
Source: PreventionWeb / UNDRR
Nepal’s water infrastructure is failing, so residents are reviving an ancient solution
Research & Intelligence ·
Community-led revival of traditional water infrastructure demonstrates a low-cost adaptation strategy applicable in resource-constrained urban environments.
Source: PreventionWeb / UNDRR