Economic losses from Venezuela quakes to exceed $10bn, insured impact still unknown: Verisk
The Catastrophe and Risk Solutions group at Verisk has estimated that economic losses from the June 24, 2026 earthquakes in Venezuela will likely exceed USD 10 billion, with a higher degree of uncertainty than usual in estimating the insured share of industry losses due to Venezuela’s macroeconomic conditions, elevated inflation, low insurance penetration, and sanctions-related […]
Swiss Re sets top Matterhorn Re 2026-3 retro cat bond target of $345m as pricing falls twice
Swiss Re is now aiming to secure as much as an upsized $345 million of broad North American peak peril retrocessional protection through its new Matterhorn Re Ltd. (Series 2026-3) catastrophe bond offering, while the price guidance for the notes has now been lowered twice, Artemis can report. The global reinsurance giant returned to the catastrophe bond market […]
Alternative / ILS capital rises to $141bn, drives reinsurance market growth in early 2026: Aon
Reinsurance capital reached a record high of $790 billion by the end of Q1 2026, but it was alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, which was the sole driver of growth as it reached $141 billion, rising 4% from the end of the year, according to […]
Dominican Republic secures parametric insurance, assisted by IDF, UNDP, and BMZ
The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF). The solution will […]
William Fawcett appointed Head of ReSources at Reinsurance Association of America
The Reinsurance Association of America (RAA), the trade association representing property and casualty reinsurers operating in the United States, has announced the appointment of William Fawcett as Head of ReSources and the RAA Reinsurance Education Institute. In his new role, Fawcett will oversee initiatives designed to strengthen and expand the RAA’s position in industry education, […]
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 […]
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 […]