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 […]
ILS valuation now a ‘core determinant’ of market credibility, Smyth, Nascent Group
In recent years, the insurance-linked securities (ILS) market has expanded from a niche property catastrophe tool into a broader and more complex asset class, and with that evolution, valuation has also moved from a reporting exercise into a core determinant of market credibility, according to Andy Smyth of Nascent Group. Smyth, the former EY executive, […]
Ariel SSPE launching as third Brazilian insurance-linked securities structure
Ariel Sociedade Seguradora de Propósito Específico S.A. (Ariel SSPE) will be the third insurance-linked securities (ILS) structure in Brazil, harnessing the country’s regulations to become an independent issuer of Letra de Risco de Seguro (Insurance Risk Letters), Brazil’s own brand of ILS instrument. Pre-authorisation approval has already been granted by the Superintendence of Private Insurance […]
New York metro has largest exposure concentration to hurricane risk in US: Cotality
According to research data from Cotality, a global provider of property information, analytics and technology-enabled data solutions, the New York metropolitan area has the largest concentration of homes exposed to hurricane-related risks in the United States. In the firm’s recently published 2026 Hurricane Risk Report, Cotality estimates that more than 3.27 million homes across New […]
Korean Re seeks second Solomon Re cat bond, adds parametric Israel quake as covered peril
Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report. Almost three years ago Korean Re sponsored […]