insurance

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.

Reinsurance broker Gallagher Re has estimated that preliminary total insured catastrophe losses for the first quarter of 2025 reached $56 billion, which makes it the costliest first quarter for the private insurance market and government-sponsored insurance entities since 2011, and 176% higher than the Q1 decadal average of $20 billion (2015–2024).

According to broker Aon’s Q1 Global Catastrophe Recap, insured losses in the opening quarter of 2025 exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011.

The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk to reinsurance and potentially capital markets.

Returns in the reinsurance market are still strong despite softening at recent renewals and this is driving some reinsurers to seek out growth while the opportunity remains, which analysts at J.P. Morgan call a rational view.