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 […]
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 […]