insurance

According to global reinsurance firm Swiss Re, inflation adjusted exposure to natural catastrophe losses is set to continue growing at a faster pace than insurance premiums around the world, which will drive the expanding protection gap even wider over the coming years.

Tropical Storm Risk (TSR) has updated its forecast for the 2025 Atlantic hurricane season today, lowering the forecast for storm, hurricane and major hurricane numbers, while also dropping the forecast for US hurricane landfalls back to 2.

Following a very active start to the year, the second quarter of 2025 appears to have been significantly quieter in terms of large natural catastrophe losses for the global re/insurance industry, according to a new report from J.P. Morgan.

Insurance industry losses from the ice storm that hit Ontario and Quebec between March 28 and 31 are estimated to have reached CAD $416 million, according to CatIQ, Canada’s insured loss and exposure index provider

New data released by the Insurance Council of Australia (ICA) shows that the total insured cost of extreme weather events that impacted Australia in the first half of 2025 has now exceeded AU $1.8 billion, stemming from 148,437 claims.

Cedar Trace, the Bermuda-based insurance, reinsurance, and asset management group formerly operating under the Mereo brand, has made three senior appointments to its insurance-linked securities (ILS) platform.

Cedar Trace Group, the Bermuda based insurance, reinsurance and asset management specialist, has established a partnership with Austin, Texas based fixed income and alternative solutions manager Sage Advisory Services Ltd. Co., to deliver insurance-linked securities (ILS) enhanced credit opportunities to investors.

Estimated insured losses from Hurricane Erick, which struck Mexico’s Pacific coast last week, are expected to fall well bellow the US$1.97 billion insured losses from 2023’s Hurricane Otis, according to global ratings agency AM Best.

According to an analysis from reinsurer Swiss Re, a repeat of 2005’s hurricane Katrina hitting in an identical manner using today’s exposure values and protective measures, could drive an insured loss close to $100 billion.

Twelve Securis, the specialist insurance-linked securities investment manager, is not anticipating any impact to the World Bank catastrophe bond or any of the firm’s private ILS positions due to losses caused by major hurricane Erick in Mexico yesterday.