Spokane, Washington wildfires could become a billion-dollar insured loss event
AM Best and reinsurance broker Gallagher Re have suggested that the areas in and around Spokane, Washington will suffer considerable insured losses from the ongoing wildfires, with Gallagher Re indicating that it has the potential to be a billion-dollar insured loss event, and could become the costliest insured wildfire event in Washington’s history. For context, […]
Twelve Securis sets up new distribution partnerships in Taiwan, as it builds-out Asia strategy
Twelve Securis, the specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has set up new distribution partnerships in Taiwan with Concord Capital Management, and Uni-President, as the company continues to expand its presence across Asia’s institutional markets. Through its partnership with Concord Capital Management, a financial services subsidiary of Taiwan’s Concord Securities Group, the […]
PCC structure will be a game changer for Singapore’s ILS landscape: Rajah & Tann’s Goh
As Singapore continues to work on plans to adopt a regulatory framework for a Protected Cell Company (PCC) structure to support collateralised reinsurance and ILS issuance, Simon Goh of law firm Rajah & Tann Singapore, has expressed how this flexible structure could ultimately become a game changer for the country’s captive insurance and ILS landscape. […]
Lockton Re executes ILW covering property cat and cyber risks in a single limit
Reinsurance broker Lockton Re has successfully executed what the firm believes is the first industry-loss warranty (ILW) that combines property catastrophe and cyber risk triggers within a single limit structure for a protection buying client. The innovative structure utilises a trigger from PERILS AG, working with with CyberAcuView as the index provider for cyber risk, […]
Wildfire exposed catastrophe bond issuance soars to $5.183bn year-to-date in 2026
The catastrophe bond market continues to demonstrate increased comfort with the wildfire peril in 2026, with the amount of risk capital deployed to support cat bonds that have some exposure to wildfire having soared to $5.183 billion year-to-date, already nearing the full-year record of $5.55 billion for the peril seen in 2025. Since 2022, the […]
Asian Development Bank discussing Risk-Layered disaster risk transfer with Mongolia
The Asian Development Bank is working with Mongolia on the potential to replicate the Risk-Layered Disaster Relief Finance Program it recently implemented for the Kyrgyz Republic and Tajikistan, which puts sovereign parametric risk transfer instruments including catastrophe bonds as part of the conversation. Recall that the Asian Development Bank (ADB) implemented its first Risk-Layered Disaster […]
Secondary cat bond trading rebounds in H1 2026 as buyers outpace sellers: Swiss Re
The secondary market for catastrophe bonds remained bid-heavy during the opening half of 2026, as an influx of market participants looked to buy bonds rather than sell out of their existing positions, which caused for secondary market activity to see a meaningful increase during the period following a relatively subdued 2025, according to Swiss Re […]
GDP exposure to SCS events projected to rise 14% over next 30 years: First Street
Global gross domestic product (GDP) exposure to damaging severe convective storm (SCS) winds is projected to grow 14% over the next 30 years, reaching $20.2 trillion as climate risks continue to reshape underwriting globally, according to a new report by First Street, the climate risk financial modeling provider. A recent report published by the firm […]
Guernsey Financial Services Commission supportive of tokenised ILS
In a recent feedback paper published by the Guernsey Financial Services Commission (GFSC) on tokenisation of assets regulations, the organisation has hailed its support for re/insurers using tokenised ILS contracts, in a move that is expected to drive further innovation within the digital finance space. Building on work delivered through the Commission’s Digital Finance Initiative, […]
Cat bond market grows at 15.5% CAGR since 2021. Strong momentum continues: Swiss Re
The catastrophe bond market continued its strong momentum in 2026 driving another record period of issuance in the first-half of the year and analysis from global reinsurance firm Swiss Re’s Capital Markets division shows that since 2021 the outstanding cat bond market has been expanding at a roughly 15.5% compound annual growth rate. Over the […]