insurance

Catastrophe risk modelling specialist Karen Clark & Company (KCC), has launched a new version of its US Severe Convective Storm (SCS) model, incorporating a range of advancements that further strengthens the firm’s approach to quantifying losses from one of the weather perils driving a significant share of insured property losses across the country.

The US National Hurricane Center’s latest forecast, for what remains tropical depression nine at this time, is for the developing system to become tropical storm Isaias later today, after which it is forecast to intensify into a hurricane and head towards a landfall on the Gulf Coast.

CatIQ, Canada’s insured loss and exposure index provider, has raised its insurance industry loss estimate for the severe thunderstorm event that impacted parts of southern Ontario and southern Quebec between June 30th and July 3rd, 2026, to CAD $491 million, a 12% increase from the firm’s second loss estimate of $439 million.

VisionFund, the financial inclusion arm of World Vision, working alongside with Global Parametrics and co-financed by the InsuResilience Solutions Fund, will design a two-peril parametric meso-insurance product for World Vision offices in Bolivia, Brazil, Colombia and Peru, as part of the wider Amazon Basin Initiative.

Our next catastrophe bond and insurance-linked securities (ILS) market conference will be held four months today. Having opened up ticket sales for ILS NYC 2027 last week, more than 60% of the lowest rate places at the conference have already been sold. Reserve your place now while the Super Early Bird rate lasts.

African Risk Capacity Ltd., the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has promoted Jackline Muthengi to Chief Underwriting Officer (CUO).

In a webinar held this week, executives from specialist insurance-linked securities manager Plenum Investments explained that subordinated insurance debt is a rare category that is benefiting from volatility in government bond markets.

The North America commercial property insurance market has experienced its sharpest decline in rates a decade, according to broker Willis, with wide-spread double-digit price reductions for clients as the soft market ensues and “the multi-year hard market fully reverses.”

A trend towards smaller catastrophe bond issues becoming more feasible as market infrastructure improves has been highlighted by the Organisation for Economic Co-operation and Development (OECD), who suggest that what they term micro-catastrophe bonds have relevant application in disaster risk financing initiatives.

Hurricane Polo has now made landfall on the west coast of Baja California Sur, Mexico with sustained winds of 110 mph and a minimum central pressure of 965mb, at which level there is no threat to the parametric trigger of the Mexican governments $175 million IBRD CAR Mexico 2024 (Pacific) catastrophe bond.