Integral ILS became the latest specialist insurance-linked securities investment manager to seek hedging protection from the catastrophe bond market for its managed ILS investment funds earlier this month, when its debut cat bond began marketing. At the same time as which, the price guidance has been updated, with two tranches still within their initial ranges and one layer below. We’re told that, at this time, this debut cat bond under Windrose Re Ltd. now targets between $200 million and up to $275 million of US named storm retrocessional reinsurance protection for funds managed by Integral ILS via its Integral Re collateralized reinsurer. That price guidance has now been narrowed within guidance at between 5.25% and 5.5%, we understand. You can read all about this Windrose Re Ltd. (Series 2026-1) catastrophe bond in the extensive Artemis Deal Directory that includes details on almost every cat bond ever issued.