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 […]
Today’s ILS market is significantly broader, more resilient. But complexity is rising: Artex’s Faries
Today’s insurance-linked securities (ILS) market is significantly broader and more resilient than it was just several years ago. However, while the market is seeing growing interest in casualty, specialty, cyber, and hybrid structures, this evolution also means the ILS space is fundamentally more complex, according to Kathleen Faries, CEO of Artex Capital Solutions. Faries’ comments […]
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 […]
Moody’s warns that US could face $375bn uninsured flood losses from 1-in-100 year event
A new assessment by Moody’s shows that the United States faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the country to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event. A recent report published by the firm, authored by Jennifer Chang, Senior Vice-President […]
GIFT IFSC continues rapid growth as registrations and re/insurance activity rise
The latest quarterly bulletin from the International Financial Services Centres Authority (IFSCA) has highlighted the continued expansion of India’s Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), describing it as a transformative element in the country’s financial sector strategy and its integration with global markets. The bulletin said the establishment of the International […]
El Niño shifts ILS probabilities in hurricane season, but supply-demand dictates spreads: Solidum
As per Solidum Partners, the onset of an El Niño pattern does not translate into a straightforward rule of thumb for ILS managers and their clients. While a less active hurricane season typically implies downward pressure on nominal spreads, the firm highlights that a broader array of market forces, including capital supply-demand dynamics and total […]
Reinsurance, retro key to managing catastrophe risks under climate disaster stress tests: S&P
A recent series of stress tests conducted by S&P Global Ratings on a number of different insurers and reinsurers, to see how they would withstand a 1-in-250-year catastrophe event has showcased the importance that both reinsurance and retrocession bring towards managing catastrophe risks. “The insurance industry faces an escalating threat from extreme weather. Hurricane Ian […]
Jamaica Govt praise investor support for new cat bond, plan parametric CCRIF cover expansion
Jamaica’s Prime Minister and Minster for Finance and Public Services both praised global investor support for the $200 million IBRD CAR Jamaica 2026 catastrophe bond, with the third cat bond a key pillar in the countries fiscal resilience and disaster risk financing, while also revealing they plan to expand parametric coverage under CCRIF. Speaking yesterday the Jamaica […]
Korean Re secures targeted $75m multi-peril retro through second Solomon Re cat bond
Korean Re, the global reinsurance company headquartered in the country of its name, has now secured the targeted $75 million of multi-peril retrocession from its Solomon Re Ltd. (Series 2026-1) catastrophe bond sponsorship, with the notes pricing at top and bottom ends of guidance, Artemis can report. Nearly three years ago, Korean Re sponsored its debut catastrophe […]