parametric trigger

After assisting the Asian Development Bank (ADB) in the issuance of its first catastrophe bond offerings, Michael Roth of Munich Re has highlighted how the transactions are an important proof of the reinsurer’s Capital Partners Public Sector objectives.

Willis, a business of insurance and reinsurance broker WTW, has launched a new sensor-based parametric insurance solution designed to protect UK racecourses against localised flooding.

The SEADRIF Insurance Company and the United Nations World Food Programme (WFP) have launched a parametric insurance policy in Lao PDR that will provide pre-arranged financing of up to US$1.1 million, to enable timely support to communities impacted by extreme weather and other natural hazards.

NormanMax Insurance Holdings, the US headquartered parametric insurer and reinsurer, has appointed industry veteran Nick Burkinshaw as Chairman of the NormanMax Syndicate 3939 Advisory Board, supporting the firm’s pure parametric global syndicate in the Lloyd’s marketplace.

Following the successful issuance of the Asian Development Bank’s (ADB) first catastrophe bond offerings, Roberta Casali, Vice-President for Finance and Risk Management at the ADB has explained how the cat bonds will provide committed financing for disasters and said she hopes the first ADB cat bonds will “pave the way for future issuances.”

The Government of Jamaica is back in the catastrophe bond market again with the support of the World Bank, targeting $150 million of parametric named storm and hurricane protection from an IBRD CAR Jamaica 2026 issuance, designed to replace its coverage that was triggered by hurricane Melissa, Artemis has learned from sources.

The Pacific Catastrophe Risk Insurance Company (PCRIC) has made two separate cyclone payouts, one being an ex-gratia payment of FJD 1.2 million (US $545,000) to the Government of Fiji following tropical cyclone Vaianu, and a $500,000 payout to the Government of the Solomon, after its parametric insurance policy was triggered by cyclone Maila.

As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection by turning to the insurance-linked securities (ILS) market to potentially issue its own catastrophe bond, while simultaneously expanding its parametric insurance coverage too, Cayman Compass reports.

The Asian Development Bank’s (ADB) first catastrophe bond offerings have now been successfully priced in the market, with the result being a $160 million capital market-backed source of parametric earthquake and extreme precipitation disaster risk financing, evenly split between the Kyrgyz Republic and Tajikistan.

The first two parametric catastrophe bonds to be issued directly by the Asian Development Bank (ADB) on behalf of its member countries the Kyrgyz Republic and Tajikistan are now targeted for a slight upsizing to as much as $80 million each, while the pricing for the risk margin each set of notes will pay has […]