Economic losses from Venezuela quakes to exceed $10bn, insured impact still unknown: Verisk
The Catastrophe and Risk Solutions group at Verisk has estimated that economic losses from the June 24, 2026 earthquakes in Venezuela will likely exceed USD 10 billion, with a higher degree of uncertainty than usual in estimating the insured share of industry losses due to Venezuela’s macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related […]
Swiss Re sets top Matterhorn Re 2026-3 retro cat bond target of $345m as pricing falls twice
Swiss Re is now aiming to secure as much as an upsized $345 million of broad North American peak peril retrocessional protection through its new Matterhorn Re Ltd. (Series 2026-3) catastrophe bond offering, while the price guidance for the notes has now been lowered twice, Artemis can report. The global reinsurance giant returned to the catastrophe bond market […]