SMI proposes Commonwealth Mutual reinsurance vehicle for climate risks
The Sustainable Markets Initiative (SMI), a global private-sector coalition established by His Majesty King Charles III in 2020 when he was Prince of Wales, has completed a feasibility study examining the proposed creation of Commonwealth Mutual, a sovereign-owned mutual reinsurance vehicle intended to help Commonwealth nations manage financial exposure to extreme weather events and natural […]
Insurers urged to adapt reinsurance structures as secondary peril losses climb: Marsh Re
As insured losses arising from secondary perils, such as severe convective storms, wildfire, winter storms and flood, continue to be a major contributor to insured catastrophe losses in North America, reinsurance broker Marsh Re has outlined that this shift is placing greater pressure on insurers to reassess their reinsurance arrangements. In a recently published report, […]
Cat bond risk spreads fall to lowest level since 2017, as tightening continued in October: Plenum
Catastrophe bond insurance risk spreads declined further in October 2026, as seasonal tightening continued to affect the overall yield of the cat bond market. Cat bond risk spreads now stand at their lowest since 2017 and while the tightening trend will end soon, it remains to be seen how lower spreads of new issuance affect […]