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 […]
Icosa Investments confirms Dell’Amore hire as Partner to expand institutional offering
Icosa Investments AG has confirmed the appointment of Dr. Raffaele Dell’Amore as a Partner and member of the firm’s management team. In this role, he will lead the continued expansion and institutionalisation of Icosa’s offering, with a particular focus on catastrophe bonds and insurance-linked securities (ILS). We reported on May 14th that Icosa was adding the […]
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 […]
CCRIF grows parametric risk pool 9% to $1.57bn of coverage limits: CEO Anthony
Isaac Anthony, CEO of CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the organisation grew its coverage by 9% to US $1.57 billion, and introduced new members ahead of the 2026 Atlantic hurricane season. Speaking during a video message posted by the organisation, Anthony recognised the transformations […]
Rule 144A cat bonds reach 80% adoption as Southeast inverts historical market norms: Gallagher Re’s Schwebach
Property catastrophe reinsurance programs in Southeast US states have undergone a fundamental shift. Far from a supplementary capital pool, the Rule 144A catastrophe bond market has evolved into a fundamental element of regional risk placement, an integration that has inverted historical market norms over the last five years, according to Adam Schwebach, Head of Property, […]
Galapagos Capital SSPE issues largest LRS at R$126m, the fourth under Brazil’s ILS regime
Gálapagos Capital Sociedade Seguradora de Propósito Específico S.A., the Brazil based SSPE or special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters) and is owned by global investment company Galapagos Capital, has completed issuance of the largest transaction under Brazil’s insurance-linked securities regime so far. Gálapagos Capital SSPE has […]
PwC expects deeper ILS integration and greater alignment of interests: Arthur Wightman
As the insurance-linked securities (ILS) market persistently acts as a moderating force, helping to create a more managed reinsurance cycle, PwC expects deeper integration and greater alignment of interests between alternative capital and rated balance sheets, according to Arthur Wightman, Territory Leader of PwC Bermuda. At PwC Bermuda’s offices in Hamilton, Bermuda, Artemis spoke with […]
Icosa to add Dell’Amore as a Portfolio Manager for growing cat bond fund
Icosa Investments AG is adding experienced insurance-linked securities and catastrophe bond investments specialist Raffaele Dell’Amore as a new Portfolio Manager for its growing Icosa Cat Bond Fund strategy, Artemis has learned. We understand Dell’Amore will be employed by both Icosa Investments AG, which distributes the Icosa Cat Bond Fund UCITS strategy, as well as its […]
ADB issues inaugural catastrophe bonds for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) has issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, with two transactions covering earthquake and extreme precipitation risks in Tajikistan and the Kyrgyz Republic. The DRBs will provide rapid and targeted financial support to both countries following severe earthquake or flood events, based on predefined […]
ADB’s inaugural catastrophe bonds to “pave way for future issuances” – VP Roberta Casali
Following the successful issuance of the Asian Development Bank’s (ADB) first catastrophe bond offerings, Roberta Casali, Vice-President for Finance and Risk Management at the ADB has explained how the cat bonds will provide committed financing for disasters and said she hopes the first ADB cat bonds will “pave the way for future issuances.” As we […]