Market Momentum in 2026
Bermuda continues to solidify its position as the global hub for insurance-linked securities (ILS), with industry leaders reporting significant momentum following a record-breaking 2025. During the seventh annual Artemis Bermuda ILS Executive Roundtable held in Hamilton this April, experts confirmed that the catastrophe bond market remains in a high-growth phase, fueled by robust demand from both repeat and first-time sponsors.
The roundtable, conducted in partnership with Appleby and Moody’s, brought together key stakeholders to assess the shifting landscape of risk transfer. Participants noted that advancements in catastrophe modeling and increased investor confidence are allowing for the inclusion of new, more complex risk classes within the ILS asset class.
Mainstream Investment and Future Challenges
A central theme of this year’s discussions was the transition of catastrophe bonds from a niche alternative asset into a mainstream investment product. Executives explored how factors like rated bonds, pooled offerings, and enhanced secondary market liquidity are broadening the investor base. However, growth is not without its hurdles. While casualty ILS remains a significant opportunity, the panel highlighted that modelling complexities and longer transaction timelines continue to differentiate these risks from standard property catastrophe products.
To maintain a competitive edge, firms are increasingly focusing on data transparency, operational efficiency, and advanced analytics. The full report, featuring insights from leaders at KPMG, Nephila Holdings, and AXA XL, is now available for industry professionals.