Reinsurance News

As extreme weather events become more frequent and severe, closing the widening climate protection gap has never been more urgent. According to Elizabeth Henderson, Global Head of Climate Advisory at broker Aon, financial tools such as parametric insurance, catastrophe bonds, and public-private partnerships (P3) are critical towards building resilience and closing the gap.

As per reinsurance broker Gallagher Re, aggregate property reinsurance protection is making a return to the market, following a period of limited availability.

Miller, the independent specialist re/insurance broker, has partnered with Specialty Program Group Canada (SPG Canada) and NormanMax Syndicate 3939 to facilitate a binder between the two parties, granting SPG Canada full underwriting authority for a first-of-its-kind parametric earthquake solution in British Columbia.

With increasingly stronger earnings projected through 2027, Bermuda headquartered re/insurer Vantage Risk has been assigned an ‘A-‘ (stable) financial strength rating from S&P Global Ratings and its AdVantage third-party collateralized reinsurance platform has been heavily cited as a key lever for the business.

Following discussions at this year’s RVS in Monte Carlo, executives from global reinsurers Everest Re, Liberty Mutual Reinsurance, and Mapfre Re have highlighted that attachment points and terms have held firm, and that they see little reason for this to change as the industry moves towards the key January 2026 reinsurance renewals.

The Florida Retirement System Pension Plan, which is administered by the Florida State Board of Administration, has new insurance-linked securities (ILS) fund allocations in its pipeline, with specialty and quota share strategies now being assessed for their suitability to add to the portfolio.

At the Monte Carlo Rendez-vous event there was little talk among reinsurance companies about pulling back on property catastrophe underwriting but there was an expectation of some more flexibility being given to cedents, equity analysts at Peel Hunt have reported.

Aon has called on insurance and reinsurance companies to optimise their capital stack and align it with their strategy, including through the use of alternative and ILS capital structures, in a market where an analytics-driven approach is critical to delivering efficiency, flexibility and returns.

Having recently launched its structured solutions product suite and enhanced whole account quota share capabilities, Anthony McKelvy, Co-Founder of collateralized reinsurance firm Northern Re spoke to Artemis at RVS in Monte Carlo to discuss how these offerings go beyond traditional quota share, transforming the way cedents access capital and engage with investors.

In a recent report, rating agency AM Best points to the potential for expansion of the collateralized reinsurance and private insurance-linked securities (ILS) space, not least as catastrophe bond risk-adjusted spreads tighten this year.