Parametric reinsurance news

Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has issued a parametric payout for the 5.8 magnitude earthquake that struck Peru in May and activated Safehub’s Shake Network trigger.

The Colombian government has contracted five parametric agricultural insurance policies to provide smallholder farmers with coverage against drought and excess rainfall, utilising a solution developed by the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF).

Willis, a business of insurance and reinsurance broker WTW, and the Caribbean Biodiversity Fund (CBF) have launched a market-first “Dynamic Cat-in-Circle” parametric insurance policy to protect Caribbean coral reefs.

Munich Re Specialty, the division of the global reinsurance company that delivers insurance and risk management to industries and global markets, has announced the launch of a new parametric earthquake insurance product through the Lloyd’s Japan platform.

A new report from Fitch Ratings has suggested that insurance-linked securities (ILS), catastrophe bonds, and parametric insurance solutions can help re/insurers innovate in order to balance the conflicting goals of expanding access to affordable natural catastrophe cover, without impairing underwriting principles.

While the rising risk of a Super El Niño remains highly uncertain in both geography and magnitude, parametric trigger designs can add a crucial layer of granularity to climate coverage. According to Mark Rueegg, CEO of CelsiusPro Group, this flexibility ultimately allows both insurers and the insured to adapt to volatile climate conditions.

African Risk Capacity Limited (ARC Ltd.) the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has appointed David Maslo as its permanent CEO, following his successful tenure as interim leader during a period of significant transformation for the company.

At the July 1st 2026 reinsurance renewals property catastrophe excess of loss programmes in Latin America (LatAm) saw rate reductions fall in the range of 15% to 20%, while parametric products gained significant traction across the market, reports broker Howden Re.

The Dominican Republic has become the first country in Latin America and the Caribbean to fully integrate parametric insurance into its adaptive social protection system, utilising a solution developed by the Tripartite Agreement, a public-private partnership between the Insurance Development Forum (IDF), UNDP, and Germany’s BMZ via the InsuResilience Solutions Fund (ISF).

Liberty Mutual Reinsurance (LM Re), the reinsurance arm of the insurance group, and Safehub, a provider of seismic sensor and risk management technology, have partnered to provide the Mexican federal government with a new nationwide parametric earthquake and volcanic risk insurance solution.