Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has issued a parametric payout for the 5.8 magnitude earthquake that struck Peru in May and activated Safehub’s Shake Network trigger.
The earthquake that struck Ica, Peru, on May 19th, 2026, generated significant ground acceleration levels across multiple client locations.
The policy, which is being dubbed by both companies as the world’s first earthquake parametric payment triggered by Safehub’s Shake Network uses ShakeNet Parametric, Liberty Mutual Re’s (LM Re) earthquake parametric solution that is triggered by Safehub’s, a provider of seismic sensor and risk management technology. proprietary sensor network.
FULL ORIGINAL PUBLICATION HERE