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 […]
Hannover Re returns for more North American retro with $125m 3264 Re 2026-1 cat bond
Global reinsurer Hannover Re is back in the catastrophe bond market and looking to secure additional North American peak peril retrocessional reinsurance, with a $125 million initial target for a new 3264 Re Ltd. (Series 2026-1) issuance, Artemis has learned. This will become the seventh sponsorship of a 3264 Re Ltd. retrocession catastrophe bond from the global […]
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 […]
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 […]
ILS managers, third-party investors backed 52% of Florida Citizens traditional reinsurance
Florida’s Citizens Property Insurance Corporation once again benefited from meaningful ILS manager and capital markets support for its traditional reinsurance needs in 2026, with these third-party capital investors taking 52% of the placement, while Nephila Capital was the largest single participant. As we reported earlier this week, Florida Citizens placed $691 million of traditional reinsurance at […]
US severe convective storm (SCS) insured losses surpass $22bn in 2026 so far: Gallagher Re
Insurance industry losses from severe convective storms in the United States have now topped $22 billion as of June 18th, according to Gallagher Re. While this already makes 2026 the 11th consecutive year with annual US SCS insured losses of more than $20 billion, the tally so far is below the 5-year and 10-year H1 […]
Captives ‘coming home’ as PRA eyes 2027 UK regime launch
Shoib Khan, Director of Insurance Supervision at the Bank of England, said the PRA is moving to build a UK captive regime aimed at reversing decades of offshore migration, with 2027 set as the moment captives are finally “coming home” to the UK. Captives are wholly owned insurance companies set up by businesses to insure […]
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 […]
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 […]