Reinsurance News

Traditional reinsurance capital remains the driving force and foundational backbone of the global risk market. While the use of alternative capital is increasing, it cannot function in isolation, Thomas Blunck emphasised during Munich Re’s recent Baden-Baden Reinsurance briefing.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has provided an initial estimate for the private insurance market loss from wind and storm surge associated with recent hurricane Isaias, saying it expects the total to be $3 billion.

PICC Property and Casualty Company Limited has now reported that its new US $12 million issuance of insurance-linked securities under its Great Wall Re Limited special purpose insurer is actually a quota share reinsurance sidecar, the first in Hong Kong, designed to provide protection to its offshore wind power property insurance book on the Chinese […]

Speaking ahead of the 2026 Baden-Baden gathering, Leopoldo Camara, Head of P&C Reinsurance Northern, Central & Eastern Europe at Swiss Re outlined that more reinsurance capital is needed in the market to address growing, interconnected risks, while also emphasising that the reinsurer will use its deep risk expertise to align alternative capital where it makes sense.

Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has issued a parametric payout to the Mexican federal government for the 7.3 magnitude earthquake that struck Mexico’s southern coast in July, and activated Safehub’s Shake Network trigger.

Euler ILS Partners, the specialist Swiss insurance-linked securities (ILS) investment manager, has placed an initial insurance industry loss estimate for recent hurricane Isaias in the range of $2 billion to $4 billion, noting there is the potential for the storm’s losses to add to aggregate structures.

The Bermuda Stock Exchange (BSX) has now listed in total 169 new catastrophe bond notes and insurance-linked securities structures in the first three-quarters of 2026, maintaining its global position as ILS listings leader and becoming home to the vast majority of listed ILS issuance so far this year.

The severe storm outbreak that impacted Southern Ontario, including Toronto, on September 2nd and 3rd, 2026, is estimated to have resulted in an insurance industry loss of CAD $563 million, according to CatIQ, Canada’s insured loss and exposure indices provider.

Life and health reinsurer Pacific Life Re, has ventured into the US longevity reinsurance market as the company has announced the successful execution of a $3 billion longevity reinsurance agreement with American National Insurance Company.

The Texas Windstorm Insurance Association (TWIA) is projecting it will need to secure around $2.05 billion of reinsurance and catastrophe bonds for 2027, as it expects to require approximately 10% less protection than this year largely thanks to a building up of its Catastrophe Reserve Trust Fund.