Archive for May, 2026

Patriot Select Property and Casualty Insurance Company, a Florida based insurer, has announced the completion of its 2026 catastrophe reinsurance renewal, with $220 million of private market limit, $90 million of FHCF cover and $145 million to protect against second and subsequent events.

Insurance broker Willis and Global Parametrics, a CelsiusPro Group company, have delivered the first payout to coffee farmers in the Central Highlands of Vietnam under a high rainfall parametric solution placed with Bao Minh Insurance Corporation in Vietnam in late 2025.

A survey of institutional investors recently undertaken by Gallagher Securities found that 60% are intending to increase their allocations to insurance-linked investments, with catastrophe bonds and similar insurance-linked securities (ILS) seen as the main type of assets in focus.

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has announced the hiring of Tarek Frahi as Head of Data Science, a move designed to help the company enhance its modelling and analytical capabilities.

French reinsurance company SCOR has now secured the targeted $75 million of multi-peril fully-collateralized retrocession it was seeking from its new Atlas Capital DAC (Series 2026-1) catastrophe bond, while the notes priced at the low-end of initial guidance, Artemis has learned.

The National Commodity and Derivatives Exchange (NCDEX) has now launched India’s first parametric weather derivative product, with the RAINMUMBAI contract expected to help market participants hedge the financial exposure of rainfall extremes and variability in the city of Mumbai and surrounding area.

One Alliance North America Insurance Company, the US homeowners and commercial lines specialist underwriter and carrier that recently priced and secured a debut $115 million One Shield Re Ltd. (Series 2026-1) catastrophe bond, has said the upsized transaction supports its ability to protect policyholders and communities.

Property insurers in the State of Florida are expected to benefit from a more pronounced softening of reinsurance pricing and rates at the June 1 2026 renewals, which may serve to sustain the positive market momentum being seen since the legislative reforms, AM Best has explained.

Ariel Sociedade Seguradora de Propósito Específico S.A. (Ariel SSPE) will be the third insurance-linked securities (ILS) structure in Brazil, harnessing the country’s regulations to become an independent issuer of Letra de Risco de Seguro (Insurance Risk Letters), Brazil’s own brand of ILS instrument.

According to research data from Cotality, a global provider of property information, analytics and technology-enabled data solutions, the New York metropolitan area has the largest concentration of homes exposed to hurricane-related risks in the United States.