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Bermuda BMA launches Parametric Special Purpose Insurer (PSPI) consultation

The Bermuda Monetary Authority (BMA) has now launched its awaited consultation process that proposes a dedicated regulatory framework for a new Parametric Special Purpose Insurance (PSPI) class of company (a Parametric Special Purpose Insurer). As the island’s financial market regulator, the Bermuda Monetary Authority (BMA) aims to stimulate innovation within

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Schroders Capital’s ILS unit partners with ETH Zurich to enhance hurricane risk modelling

Schroders Capital’s insurance-linked securities (ILS) division has partnered with ETH Zurich, a public university in Zurich, Switzerland, to launch an industry-first independent research project that’s designed to enhance hurricane risk modelling for the ILS sector. According to the announcement, this initiative, which is supported by the Swiss Innovation Agency, Innosuisse,

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Global insured losses from natural disasters hit $127bn in 2025: Aon

According to insurance and reinsurance broking group Aon, global insured losses from natural disaster events in 2025 reached $127 billion, marking the sixth consecutive year that insurance payouts have exceeded the $100 billion threshold. The firm also reported that global economic losses from natural disasters reached $260 billion in 2025,

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GIFT City ILS regime success requires clear objectives: Reynolds, Peak Re

The ambition to establish India’s GIFT City as a hub for insurance-linked securities is gaining momentum. However, as Iain Reynolds, Head of Third-Party Capital at Peak Re, noted at the IFSCA-IRDAI-GIFT City Global Reinsurance Summit 2026 today, success requires more than just a regulatory framework, it requires a clear focus

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WWF warns nature loss is widening protection gap in advanced economies

The World Wide Fund for Nature (WWF), an international conservation organisation working on environmental protection and sustainable development, has published a new white paper titled “Tackling the Insurance Protection Gap: leveraging climate and nature to increase resilience”. According to WWF, the paper warns that degrading ecosystems are increasing climate-related risks

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Re/insurance crucial in driving India towards its economic objectives: DFS

Addressing the third edition of the IFSCA–IRDAI–GIFT City Global Reinsurance Summit in Mumbai, Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), said India is on the verge of transformative growth in its re/insurance sector, describing the industry as “crucial” to achieving the country’s economic goals. The Summit, which brings

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