Novacore gets collateralized reinsurance sidecar backing from New Mountain Capital
Novacore, an independent managing general agent (MGA), has secured collateralized...
Catastrophe Bond News & ILS Market Updates
Latest catastrophe bond news, ILS market news, cat bond issuance activity, reinsurance developments, and insurance-linked securities insights — updated daily
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Repeat of Great New England Hurricane would produce $20bn+ insured loss in New York: KCC
A recurrence of the 1938 Great New England Hurricane would produce more than $20 billion in insured losses in New York alone with today’s property values and rebuilding costs, according to a recent...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe...
Parametrix places $35m cloud outage cat bond for Hannover Re
Parametrix, a provider of cloud monitoring, modelling and insurance services, has placed its third and largest cloud outage catastrophe bond, Cumulus Re III, attracting a greater number of investors...
Court of Appeals weighs in on Vesttoo LOC reinsurance broker responsibilities
The United States Court of Appeals has weighed in on a lawsuit regarding the Vesttoo...
SI Re appoints Simon Parten as ILS Portfolio Manager
SIGNAL IDUNA Reinsurance Ltd (SI Re), the Swiss based reinsurer, has announced the appointment of Simon Parten as ILS Portfolio Manager, effective 1st June 2026. In his new role, Parten will further...
KatRisk expands global catastrophe modelling capabilities with RED acquisition
KatRisk, a provider of catastrophic risk modelling software to the insurance and financial services industries, has acquired RED, a specialist provider of catastrophe models, including earthquake,...
US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG...
Alternative capital reinforces market trends. Non-life ILS assets hit $135bn: Wakefield, Gallagher Re
Alternative reinsurance capital is reinforcing current reinsurance market trends as...
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. “The orderly...
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