insurance

Insured losses from catastrophe events across the globe in the first half of 2026 are estimated to have reached $47 billion, significantly down on last year’s $100 billion, with severe convective storms (SCS) including hail, damaging straight-line winds and tornadoes, remaining the costliest insured peril on a global basis, according to broker Aon.

Chubb has been buying more reinsurance this year as it sees an opportunity to “feed the hungry” in the competitive and softened market environment, CEO Evan Greenberg said today. He also made some interesting commentary on softening expanding into casualty lines and rate failing to keep up with loss costs, in his view.

As the global financial services sector is currently undergoing a transitional shift which sees stablecoins moving from niche instruments into a key system of institutional finance, the Bermuda Monetary Authority (BMA) has outlined how the island’s insurance-linked securities (ILS) sector is well placed to benefit from this form of cryptocurrency.

The global insurance and reinsurance market may be seeing improved profitability and premium growth, but global consultancy Bain & Company believes gains are “largely cyclical and mask unresolved challenges” while the future winners are expected to be those that lower the cost of risk and expand access to coverage.

After a magnitude 7.3 earthquake struck just off the southern coast of Mexico on Friday, analysis suggests this event was a near-miss for attaching the parametric trigger of one tranche of notes from the country’s World Bank facilitated IBRD CAR Mexico 2024 catastrophe bond transaction.

In May, our sister publication Reinsurance News hosted its second Legacy Market Roundtable in Brighton, in partnership with global reinsurer Swiss Re. A takeaway from the 90-minute session was the shifting role of alternative capital within the casualty space, with one participant noting that this influx of capital could position the legacy industry as a […]

US insurer Allstate has announced an estimated pre-tax catastrophe loss burden for the month of June 2026 of $563 million. But the second-quarter 2026 total has now risen to $1.72 billion, which is a fairly heavy start for the annual aggregate year for the company’s catastrophe bonds.

A new study by Beazley, the London headquartered specialty insurance and reinsurance company, has highlighted how insurance-linked securities (ILS) and various alternative risk transfer solutions are key for mobilising risk capital for the energy transition.

CatIQ, Canada’s insured loss and exposure index provider, has published its initial industry loss estimates for two severe weather events that impacted the Prairies and Montreal in Canada in June 2026, while also confirming its final loss estimate for the flooding that affected Toronto and surrounding areas in mid-July 2024.

As the global protection gap continues to widen, closing it is no longer a question of mobilising more capital, it is a matter of engineering entirely new markets.