reinsurance

Reinsurers’ probable maximum loss (PML) exposures as a percentage of equity capital have remained relatively flat year-over-year at January 1, 2025, even as property catastrophe reinsurance pricing begins to decline, according to a new report from Moody’s Ratings.

Catastrophe data aggregator PERILS has issued its fourth and final industry loss estimate for the floods that impacted southern Germany between May 31 and June 6, 2024, putting the insured market loss at €1.564 billion.

The insurance-linked securities (ILS) fund allocation of the Florida State Board of Administration experienced a negative first-quarter of performance due to the wildfire losses at the start of this year. But, the impact seemingly turned out to be less than feared and now staff of the SBA appear to be considering a new ILS fund […]

Global insurance and reinsurance broker Aon has appointed Dan Hartung as global head of event response within its Risk Capital division, as the firm seeks to strengthen its real-time catastrophe intelligence capabilities amid increasing demand for responsive and integrated disaster analytics.

New Zealand’s Natural Hazards Commission Toka Tū Ake (NHC), formerly known as New Zealand’s Earthquake Commission (EQC) Toka Tū Ake, has added more limit to its reinsurance tower, lifting the top by $1.15 billion for 2025, in a renewal securing $10.3 billion of cover for disaster losses in the country.

Ariel Re, the Bermuda headquartered global reinsurer, is back in the catastrophe bond market this time seeking to add wildfire as a covered peril, as it brings a new $125 million Titania Re Ltd. (Series 2025-1) transaction to build out its capital markets backed retrocessional reinsurance, Artemis can report.

Canopius Group, the global specialty insurance and reinsurance underwriter, has successfully secured a renewal and upsizing for its catastrophe bond, with the new Finca Re Ltd. (Series 2025-1) issuance priced to provide the targeted $125 million of protection at a spread fixed at the low-end of guidance, Artemis can report.

The California Earthquake Authority (CEA) has raised the target size for its latest catastrophe bond, with now between $300 million and $400 million of earthquake reinsurance limit sought from this Ursa Re II Ltd. (Series 2025-1) issuance, Artemis has learned.

Everest Re, the global reinsurer arm of Everest Group, is back in the catastrophe bond market with a two series issuance that seeks at least $450 million of collateralized retrocession split across four and five year terms, under Kilimanjaro II Re Ltd. (Series 2025-1) and Kilimanjaro II Re Ltd. (Series 2025-2) transactions.

Tangency Capital Ltd., an investment manager in the insurance-linked securities (ILS) space with a focus on reinsurance quota share instruments, added a new Senior Analyst towards the end of last year, as experienced insurance-linked securities (ILS), parametric insurance and weather derivatives Bernard Finas had joined the company.