Korean Re, the global reinsurance company headquartered in the country of its name, is back to sponsor its second catastrophe bond, seeking $75 million or more in catastrophe retrocession and introducing parametric Israel earthquake as a new covered peril to this Solomon Re Ltd. (Series 2026-1) deal, Artemis can report.Almost three years ago Korean Re sponsored its debut catastrophe bond, securing $75 million in US multi-peril catastrophe retrocession from its first Solomon Re 2023-1 issuance. The reinsurer has returned for its second sponsorship with a new Solomon Re 2026-1 cat bond offering, that seeks to renew and extend the retrocession…
Author: Awais
Céline Gounder, KFF Health News’ editor-at-large for public health, discussed the cruise ship hantavirus outbreak on PBS NewsHour, Fox’s LiveNow From Fox, and CBS News’ CBS Mornings on May 5. She also discussed the hantavirus outbreak on NPR’s Morning Edition on May 6. Elisabeth Rosenthal, KFF Health News’ senior contributing editor for health news analysis, discussed the national crisis of emergency room boarding on PBS’ Amanpour & Co. and WNYC’s The Brian Lehrer Show on April 28.
WTW said this convergence is pushing insurers and buyers toward more integrated risk management approaches that cut across property, cyber, energy, and regulatory exposures. A prolonged power outage or targeted cyber incident at a key data‑center cluster, for example, can simultaneously trigger physical damage, long‑tail liability, regulatory investigation, and business interruption across multiple insureds.
Surety expansion and a sharper capital structure position the carrier among the most profitable specialty underwriters
Global reinsurance broker Howden Re has announced that Tim Radford has been appointed to the new role of Managing Director, Head of Lloyd’s Capital, which is set to help strengthen the organisation’s leadership across Lloyd’s market capital and investor engagement.In this role, which sits within Howden Re’s Capital Solutions platform, Radford will reportedly be the central point of Howden Re’s Lloyd’s capital strategy. As per the announcement, Radford will work across Howden Re Capital Solutions and Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) specialist unit of broking group Howden. Radford will primarily focus on…
Role of reinsurance, retrocession, and pricing in net losses The report details how risk transfer and catastrophe pricing shape net exposure. The 50 insurers with the largest natural catastrophe exposure face a combined gross exposure of about $430 billion under the 1-in-250-year event. After reinsurance and retrocession, mean exposure falls from about 34% of capital to about 15%, or roughly $225 billion on a net basis. Catastrophe premium loadings further reduce residual exposure, bringing mean net exposure to around 8% of capital. In the modeled 1-in-250-year scenario, S&P estimated that capital would decline by about 8% on average, a level…
“These recommendations are all about accelerating federal dollars, streamlining the process, making it less bureaucratic so that Americans can get the help they need on the worst day of their lives,” former Virginia Gov. Glenn Youngkin (pictured above), a council member, said during a public meeting attended by close to 6,000 virtual participants.
The two US Coastal named insurance companies administered by Cabrillo Coastal General Insurance Agency are back in the catastrophe bond market for their second sponsorship, with an initial $100 million target for named storm reinsurance from a Chartwell Re Ltd. (Series 2026-1) issuance, Artemis can report.A year ago, New York domiciled US Coastal Insurance Company and Florida domiciled US Coastal Property & Casualty Insurance Company secured $330 million of named storm reinsurance across three tranches of notes issued under their debut cat bond sponsorship, Chartwell Re 2025-1. Now, the insurers are back and seeking to expand on the role catastrophe…
In the US, Zurich North America has underwritten TrustedPals since 2019, a Marsh-built program targeting more than 183 million cats and dogs and distributed direct, via affinity, and through employer-sponsored voluntary benefit programmes brokered by Mercer. In Germany, Zurich’s direct-to-consumer arm DA Direkt launched the petolo brand in 2021 with telemedicine baked in; the platform’s parent, getolo, has since pushed into France with a sister product, patolo. The German operation has also embedded itself in retail, partnering with European pet superstore Fressnapf and hardware chain hagebau for in-store digital sales. In the UK and parts of Europe, Zurich-owned Cover-More distributes…
In the latest Executive Insights edition of Insurance Business TV, we catch up with Nationwide’s Marcy Pelecky. She speaks on the partnerships or investments that carriers are looking for, and how they are ensuring oversight without stifling innovation.
The deal comes months after an acquisition by travel nursing agency Aya Healthcare collapsed.
The United States said it expected an Iranian response as soon as later in the day on Friday to its latest proposal to end the war in the Gulf, even as U.S. and Iranian forces clashed in the Gulf and the United Arab Emirates came under renewed attack. Recent days have seen the biggest flare-ups in fighting in and around the contested Strait of Hormuz since a ceasefire began a month ago, despite the U.S. and Iran indicating they were closer than ever to a deal to end the war. “We should know something today,” U.S. Secretary of State Marco…
President Donald Trump’s task force for reforming the Federal Emergency Management Agency on Thursday recommended sweeping changes to how the federal government responds to natural disasters. The recommendations, finalized at a council meeting in Washington, include reassessing FEMA staffing, rethinking what disasters qualify for federal disaster aid and then streamlining its distribution, reforming the National Flood Insurance Program, and shifting more training and spending decisions to state, local and tribal authorities, over a period of two to three years. At least half of the recommendations require action by Congress. A final report detailing the recommendations now goes to the White…
Hackers briefly took down an online portal used by thousands of colleges around the world this month, disrupting services at institutions from Harvard to Princeton. Instructure Inc., which runs the Canvas service used by students to take tests and get grades, said it was forced to suspend the portal after a May 1 infiltration by a “criminal threat actor.” The perpetrators exploited a vulnerability in a specific account for teachers, an Instructure spokesperson said in an emailed statement, gaining unauthorized access to some of its websites. The company, owned by KKR & Co., restored much of the service Thursday, though…