Global ILS expansion presents strategic capital opportunity for APAC: Howden Re
Ahead of the Singapore International Reinsurance Conference (SIRC), executives from Howden Re and Howden Capital Markets & Advisory (HCMA) emphasized that regional cedents should incorporate alternative capital into their broader toolkits to negotiate deeper partnerships and maximize optionality as reinsurers seek growth across Asia-Pacific (APAC). In a commentary published ahead of the SIRC event, Howden […]
Global insured natural catastrophe losses reach $91bn in 9M’26, lowest since 2019: Aon
According to insurance and reinsurance broker Aon, global insured losses from natural catastrophe events reached $91 billion during the first nine-months of 2026, the lowest for the period since 2019’s $76 billion, and remained well below the $135 billion average of the past five years, but slightly above the 21st-century average of $88 billion. The […]
California Earthquake Authority seeks $600m reinsurance with Ursa Re 2026-1 cat bond
The California Earthquake Authority (CEA) has returned to the catastrophe bond market for its second sponsorship of this year, with an initial target to secure $600 million of fully-collateralized earthquake reinsurance from a new Ursa Re Ltd. (Series 2026-1) issuance, Artemis can report. In 2025, the California Earthquake Authority (CEA) sponsored issuance of three series of […]
Morocco targets regulatory framework for insurance securitization, including cat bonds
The government of Morocco is now aiming to prepare a regulatory framework to allow for the securitization of insurance risks, including through catastrophe bonds, as the country seemingly aims to support issuance as well as to be a beneficiary of risk transfer to the capital markets. Morocco’s ministry of finance published its Finance Bill for […]
EU Commission proposes climate resilience framework, highlights cat bonds & reinsurance
The European Commission has called for a new climate resilience framework to strengthen Europe’s ability to anticipate, prepare for, and manage climate risks. The initiative calls for the establishment of a Climate Insurance Alliance, to improve coverage, drive risk prevention and encourage greater use of reinsurance and catastrophe bonds to close protection gaps. According to […]
Catastrophe bond market to hit second $20bn+ issuance year at fastest pace yet
As the catastrophe bond market pipeline builds for the fourth-quarter of 2026, we are already tracking what will be only the second ever year where issuance of 144A catastrophe bonds and private cat bond deals has exceeded the $20 billion level, while currently the market remains on a faster issuance pace than 2025. Catastrophe bond […]
World Food Programme buys parametric tropical cyclone insurance from CCRIF
CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the United Nations World Food Programme (WFP) has become the first UN agency and multilateral organisation to join and purchase parametric insurance from it. The United Nations World Food Programme (WFP) has been utilising parametric risk transfer as a […]
Mexico gets its first World Bank Cat DDO, to complement cat bonds and parametric insurance
The Government of Mexico has received its first World Bank Catastrophe Deferred Drawdown Option (Cat DDO), which will help the country prepare better and respond more quickly to natural disasters, while also complementing both of its IBRD CAR Mexico 2024 and IBRD CAR Mexico 2024 (Pacific) catastrophe bonds and parametric insurance protection. The World Bank […]
World Food Programme buys parametric tropical cyclone insurance from CCRIF
CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the United Nations World Food Programme (WFP) has become the first UN agency and multilateral organisation to join and purchase parametric insurance from it. The United Nations World Food Programme (WFP) has been utilising parametric risk transfer as a […]
Jamaica’s parametric cat bond payout funded electricity restoration: Chief Fiscal Economist, Francis
After the devastating impacts of hurricane Melissa triggered a full $150 million payout of its IBRD CAR Jamaica 2024 parametric catastrophe bond, the rapid funding from this insurance product helped the country recover its electricity network faster than would have otherwise been possible, the government’s Chief Fiscal Economist explained last week. Speaking at the ILS […]