insurance

Bermuda-based insurance and reinsurance companies are projected to incur gross claim losses nearing US$10 billion stemming from the catastrophic wildfires that swept through Southern California in January 2025, as they make payments to help U.S. policyholders and cedants recover, says the Bermuda Monetary Authority (BMA).

One of the data points we track related to catastrophe bond issuance is the number of debut cat bond sponsors that enter the market for the first time by quarter and year. We’ve created a new chart to allow our readers to visualise and analyse this trend in the cat bond sponsor-base.

Faced with the possibility of “peak year” insured losses exceeding $300 billion, the Swiss Re Institute has suggested that the well-capitalised reinsurance sector, backed by $500 billion in capital, is pivotal to absorb large shocks.

African Risk Capacity Limited (ARC Ltd) and Klapton Reinsurance Limited (Klapton Re) have signed a Memorandum of Understanding (MoU) to establish a new partnership aimed at expanding access to parametric climate insurance solutions across Africa.

Catastrophe data aggregator PERILS has now raised its insurance industry loss estimate for the extratropical windstorm “Éowyn” that impacted the Republic of Ireland, Northern Ireland and the Central Belt of Scotland during the period of January 24th – 25th 2025, increasing the total by 12.5% to EUR 696 million.

Colorado lawmakers have taken a significant step toward reshaping the state’s insurance landscape by advancing legislation that would establish a state-run wildfire reinsurance facility, one that could tap into the catastrophe bond market to help manage growing climate-related risks.

Rates for property insurance are declining across the globe with abundant capacity in the sector and insurers now benefiting from cheaper reinsurance costs, all of which is softening the property insurance market, commentary from broker Marsh suggests.

This video features an expert panel discussing finding balance for sponsors and investors in the catastrophe bond segment of the insurance-linked securities (ILS) market at our Artemis ILS NYC 2025 conference, which was held in New York on February 7th 2025.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, has raised almost $462 million in new third-party capital across its range of joint-ventures and insurance-linked securities (ILS) funds in the first-quarter of 2025, but the California wildfires saw losses shared with investors and dented the firms fee income for the period.

The insurance industry loss from Cyclone Alfred’s impacts in Australia during the first-quarter of 2025 has been initially estimated at almost AU $2.6 billion by catastrophe data aggregator PERILS AG.