By Marisa Coggin and Claudia Lach ( September 21, 2026, 5:46 PM EDT) -- On July 20, 2026, the Office of the Superintendent of Financial Institutions (OSFI) issued a regulatory notice (Notice) indicating OSFI’s intention to formally recognize natural catastrophe (CAT) bonds as an acceptable form of reinsurance for capital credit purposes under the Minimum Capital Test (MCT) Guideline. The Notice applies to all federally regulated property and casualty (P&C) insurers, excluding mortgage insurers....