The Board of the World Bank has approved a new $400 million program that aims to boost Morocco’s resilience against climate, disaster, and cyber risks, with catastrophe bonds and other forms of insurance risk transfer including parametric triggers mooted as part of the program outcomes. While strengthening the country’s resilience
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
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
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
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
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
Over the last few year’s we’ve noticed increasing interest in the insurance-linked securities asset class as an investment opportunity from institutions in Latin America and now pensions in Chile have reportedly begun allocating to catastrophe bonds. Helped by a number of years of consecutive strong performance, catastrophe bonds and ILS
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
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