Near-miss for Mexico’s parametric catastrophe bond on Friday’s M7.3 earthquake
After a magnitude 7.3 earthquake struck just off the southern coast of Mexico on Friday, analysis suggests this event was a near-miss for attaching the parametric trigger of one tranche of notes from the country’s World Bank facilitated IBRD CAR Mexico 2024 catastrophe bond transaction.\ The magnitude 7.3 (M7.3) earthquake struck off the coast of Mexico west-south-west […]
Parametric triggers provide vital granularity and certainty against Super El Niño: Rueegg, CelsiusPro
While the rising risk of a Super El Niño remains highly uncertain in both geography and magnitude, parametric trigger designs can add a crucial layer of granularity to climate coverage. According to Mark Rueegg, CEO of CelsiusPro Group, this flexibility ultimately allows both insurers and the insured to adapt to volatile climate conditions. Given that […]
World Bank starts work on up to $190m Nepal parametric quake catastrophe bond project
The World Bank has begun work on a proposed project to deliver a parametric earthquake catastrophe bond for Nepal, targeting US $80 million to US $190 million of fully-collateralized disaster risk financing from the capital markets for the South Asian country. The Nepal Catastrophe Bond Project appears to be in its nascent stages, with preparatory […]
China looks to accelerate the development of the Shanghai International Reinsurance Center
The State Financial Regulatory Commission and the Shanghai Municipal People’s Government have issued a joint notice for the re/insurance industry outlining measures to accelerate the development of the Shanghai International Reinsurance Center. The Shanghai International Reinsurance Center officially launched in October 2024, building on the establishment of the international board for reinsurance trading, and the […]
Australia’s APRA makes access to alternative reinsurance (cat bonds and ILS) simpler
The Australian Prudential Regulation Authority has now updated its regulatory framework to make access to alternative reinsurance solutions simpler and easier for insurers in the country, with targeted changes that will support access to catastrophe bonds and other insurance-linked securities (ILS) for potential sponsors there. We reported back in November 2024 that the Australian Prudential Regulation Authority […]
GSSP funding to strengthen SEADRIF climate and disaster risk finance across Southeast Asia
The Global Shield Solutions Platform (GSSP) is providing support to the Southeast Asia Disaster Risk Insurance Facility Insurance Company (SEADRIF) to expand Climate and Disaster Risk Finance and Insurance (CDRFI) capabilities across the region. This collaboration aims to assist member nations in enhancing their resilience and response strategies for climate-driven events. With the funding of […]
Catastrophe bond market records that were broken in H1 2026
The first-half of 2026 saw another record period of issuance in the catastrophe bond market, as the use of cat bonds to source reinsurance protection continues to increase and the investor base appetite for new cat bond investment opportunities grows. Beyond the new issuance high-bar that was set, numerous other records fell in H1. Having […]
FCDO commits additional £3m to Natural Disaster Fund Technical Assistance Facility
The Foreign, Commonwealth and Development Office (FCDO), which leads the UK’s diplomatic, development and consular work globally, has committed an additional £3 million to the Technical Assistance Facility (NDF TA Facility), operated by the Natural Disaster Fund (NDF), a blended risk transfer vehicle designed to mitigate climate-related challenges and build resilience for low-and-middle-income countries. The […]
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 […]
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 […]