Samoa adaptation plan calls for regional cat bond, expansion of Pacific parametric coverage
A national adaptation plan produced for the government of south Pacific island nation Samoa calls for scaling up of parametric protection across the region, as well as for existing risk pools to cover more perils, while also suggesting a regional catastrophe bond should be planned to provide risk capacity in future. Samoa already has a […]
US severe convective storm (SCS) industry losses exceed $35bn in 2026 so far: Gallagher Re
According to reinsurance broker Gallagher Re, year-to-date industry losses from US severe convective storms in 2026 have accelerated and climbed above $35 billion, as the peril’s quieter start to the opening months of the year have since given way to prolific activity. The broker has recently published a new event commentary report, covering the considerable […]