Non-life insurance-linked securities capital hit record $142bn after Q1: Gallagher Securities
The amount of non-life alternative reinsurance capital from catastrophe bonds and insurance-linked securities (ILS) grew by more than 5% just in the first-quarter of the year, with Gallagher Securities estimating $7 billion of incremental capital was added, to take non-life ILS capital outstanding to $142 billion at the end of Q1 2026. It sets a […]
Dominican Republic secures parametric insurance, assisted by IDF, UNDP, and BMZ
The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF). The solution will […]
William Fawcett Joins RAA as Head of ReSources
June 16, 2926. Washington, D.C. – Reinsurance Association of America (RAA), the leading trade association of property and casualty reinsurers doing business in the United States, today announced that William Fawcett has joined the organization as Head of ReSources and the RAA Reinsurance Education Institute where he will direct initiatives to strengthen and expand the association’s leadership […]
Venezuela earthquakes could drive economic costs of more than US$10bn: USGS
Shortly after 6pm local time on Wednesday, Venezuela’s capital was hit by a Magnitude 7.2 foreshock and a larger M7.5 mainshock just 39 seconds later, with the US Geological Survey (USGS) giving a 44% chance of more than 10,000 fatalities, and a 45% chance the economic costs exceed US$10 billion. The quakes, according to several […]
Global insurance protection gap widens as growth shifts to emerging markets: Moody’s
Moody’s has suggested the global insurance protection gap is widening as economic growth shifts toward underinsured emerging markets, where insurance penetration remains low, and catastrophe losses are increasingly going uninsured. According to the firm’s report, the protection gap is typically wider in developing economies, where insurance penetration remains low due to limited availability and affordability […]
GIFT City is attracting global reinsurance capital at scale, says PB Fintech’s Singh
In an interview with Reinsurance News, PB Fintech’s Joint Group Chief Executive Officer, Sarbvir Singh, emphasised that a more open and predictable regulatory environment is attracting global reinsurance companies to India’s first International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (GIFT City). Insurance and reinsurance volumes have expanded rapidly at GIFT City, hitting $1.2 […]
World Bank cat bond on the table in new $400m Morocco Climate & Risk Finance Program
The Board of the World Bank has approved a new $400 million program that aims to boost Morocco’s resilience against climate, disaster, and cyber risks, with catastrophe bonds and other forms of insurance risk transfer including parametric triggers mooted as part of the program outcomes. While strengthening the country’s resilience against climate and natural disasters, […]
NZ Natural Hazards Commission renews record reinsurance tower, 20% increase to $12.3bn
New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC), formerly known as New Zealand’s Earthquake Commission (EQC), took advantage of attractive reinsurance buying conditions at its 2026 renewal to lift the top of its reinsurance tower by 20% to $12.3 billion. That’s around $2.1 billion of additional reinsurance limit secured at the renewals, which the […]
LRS opens door to explore further risks, optimistic for Brazil’s ILS regime: Avla’s Astrachan
After working with Gálapagos Capital SSPE on a recent R$126 million offering of Insurance Risk Letters (LRS), Avla Brazil CEO Felippe Astrachan has said that LRS opens a door that allows the company to explore different types of risks that are not traditionally covered by the insurance and reinsurance market, while also remaining optimistic about the future […]
Total catastrophe bond issuance hits $16.1bn YTD in 2026. 144A cat bonds over $15.8bn
The total for settled catastrophe bond issuance across Rule 144A deals and the private cat bond transactions we have analysed so far in 2026 has reached $16.1 billion as of today, while settled 144A cat bond issuance alone currently stands at over $15.8 billion. Right now, based on latest sizes for the remaining cat bonds in […]