Hurricane Melissa estimated single-digit billion insured loss. Cat bond payout likely: Aon
In the weekly Impact Forecasting report from Aon, the company said that major hurricane Melissa’s impacts on Jamaica are likely to drive economic and insured losses into the single-digit billions of dollars, while also confirming parametric structures are likely to respond due to the storms severity. The insurance and reinsurance broker explained that, for Jamaica, […]
Jamaica’s cat bond “doing what it was designed to do” – Lefferdink, Aon Securities
As the catastrophe bond market awaits an official determination on the potential payout of Jamaica’s $150 million IBRD CAR Jamaica 2024 parametric cat bond after hurricane Melissa, a representative of one of the deal’s structuring agents has said that early signs are that the cat bond structure is “doing what it was designed to do.” Chris Lefferdink, […]
Melissa insured impacts in the billions. Jamaica cat bond full loss most likely: Twelve Securis
The global insurance and reinsurance industry is facing losses in the billions of dollars after major hurricane Melissa’s devastating landfall and passage across Jamaica, while the country’s $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond is likely to face a full loss, ILS investment manager Twelve Securis has said. In a post-event report, specialist catastrophe bond […]
P&C and life insurers leverage alt capital to navigate market shifts: Deloitte
As per accountancy firm Deloitte’s 2026 Global Insurance Outlook, property and casualty (P&C) and life insurers are increasingly turning to investor-backed and other forms of alternative capital to navigate shifting market conditions. In its 2026 outlook, the firm notes that property and casualty (P&C) carriers will need more flexible capital models that blend self-retained and […]
ARC makes $5.4m parametric payout to support Mozambique’s climate disaster response
The African Risk Capacity (ARC) Group, a provider of parametric disaster insurance products to countries and other entities in Africa, has made a combined parametric insurance payout of just over $5.4 million to support Mozambique’s response to the 2024/25 drought and to Tropical Cyclone Chido. According to the announcement, the Government of Mozambique received just […]
Hannover Re’s E+S Rück sees catastrophe reinsurance demand rising, ILS opportunity
Irrespective of lower claims experience over the last year in natural catastrophe reinsurance business, Hannover Re’s German subsidiary E+S Rückversicherung AG has said that it expects demand for property catastrophe reinsurance will continue to rise, while insurance-linked securities (ILS) business is also seen as an area of opportunity for the group. Hannover Re’s German subsidiary […]
Balanced reinsurance environment to persist into 2026: Active Re
The reinsurance market is expected to remain “in a phase of transition and recalibration”, remaining fundamentally healthy heading into 2026, said Robert Ali, Active Re’s Chief Operating Officer, in a recent interview with Reinsurance News. After a period of hardening, the market has evolved into a more balanced environment in 2025, a trend that is […]
Bermuda’s BMA set to consult industry on new parametric SPI class: Convergence 2025
During a panel session earlier today at the ILS Bermuda Convergence 2025 conference, it was announced that the Bermuda Monetary Authority (BMA) is currently in the final stages of implementing a new special purpose insurer (SPI) class that will primarily focus on the use of parametric triggers. The announcement was made by Taijaun Talbot, Assistant […]
ILS increasingly institutional. But investor education still critically important: Convergence 2025
During a panel discussion at the ILS Bermuda Convergence 2025 conference yesterday, speakers were asked to discuss what they’ve seen in the way of improvements in the insurance-linked securities (ILS) asset class over the last five years, with the institutionalisation of ILS and continuing efforts in educating investors both seen as key. The panellists were […]
Rest Super cat bond allocation via Twelve Securis grows ~85% to US $242m in last year
Rest Super, one of the Australian superannuation funds that has around 2 million members and $100 billion in funds under management, has grown its insurance-linked securities (ILS) allocation to catastrophe bonds through ILS manager Twelve Securis over the last year to around US $242 million. Rest Super began allocating to the ILS asset class through […]