Wildfire related news and analysis

Mercury General Corporation (Mercury Insurance), the California headquartered insurer, has now set the target for fire reinsurance limit from the new Luca Re Ltd. (Series 2026-1) catastrophe bond issuance at $150 million, while the price guidance for the notes had fallen for a second time, Artemis can report.

Liberty and ICEYE, a provider of satellite data and services to inform decision-making and analysis, have partnered together to launch a new parametric wildfire insurance solution that uses satellite data to assess building-level damage.

Mercury General Corporation (Mercury Insurance), the California headquartered insurer, is now aiming to upsize its second 144A catastrophe bond sponsorship, with the target for fire reinsurance limit from the Luca Re Ltd. (Series 2026-1) issuance now having risen to between $125 million and $175 million, Artemis can report.

Mercury General Corporation (Mercury Insurance), the California headquartered insurer, is back in the catastrophe bond market seeking additional fire reinsurance protection, with an initial $100 million target for its second 144A cat bond sponsorship of a Luca Re Ltd. (Series 2026-1) issuance, Artemis has learned.

The devastating Palisades and Eaton wildfires that struck the Los Angeles area in January 2025 served as a real-world stress test for outstanding wildfire catastrophe bond structures, while also increasing investor confidence in allocating to the wildfire peril, according to Swiss Re Capital Markets.

Hannover Re has reported its full-year 2025 results this morning, with a meaningful increase to net income and clear growth in property and casualty risks, while on the large loss side insurance-linked securities (ILS) capital sources ended up supporting roughly 20% of the large losses it experienced.

Catastrophe data aggregator PERILS has provided its first insurance industry loss estimate for the Victoria Bushfires which took place between January 7th and 13th 2026, at AU$786 million.

The California FAIR Plan Association has now successfully secured its upsized target of $400 million of multi-year wildfire reinsurance protection through its second catastrophe bond sponsorship, with the Golden Bear Re Ltd. (Series 2026-2) cat bond now priced, Artemis can report.

The California FAIR Plan Association has raised the target size of its second catastrophe bond sponsorship again, with now $400 million of capital markets backed wildfire reinsurance protection sought from the Golden Bear Re Ltd. (Series 2026-2) cat bond issuance, Artemis understands.

The California FAIR Plan Association is looking to upsize its second catastrophe bond sponsorship by 75%, with now $350 million of capital markets backed wildfire reinsurance protection sought from the Golden Bear Re Ltd. (Series 2026-2) cat bond issuance, Artemis has learned.