Newsletter archive

State Farm gets $1.5bn of reinsurance with Merna Re Enterprise 2026-1 catastrophe bond

Allstate estimates $870m in cat losses for April

Allstate estimates $870 million in catastrophe losses for April 2026, with about 70% stemming from two significant wind and hail events. This marks a notable financial impact for the insurer, highlighting ongoing volatility in the property and casualty sector.

Shory and OrbitWorks partner to advance satellite insurance and space data

Shory Group has partnered with OrbitWorks to enhance satellite insurance and space data capabilities, leveraging Shory's AI-driven Insurtech platform. This collaboration, announced at the Make it in the Emirates event, highlights the growing intersection of technology and insurance in the space sector, potentially opening new opportunities for investors in reinsurance and insurance-linked securities.

NOAA forecasts 55% chance of below-normal Atlantic hurricane season, as El Nino nears

NOAA projects a 55% likelihood of below-normal Atlantic hurricane activity for the 2026 season, influenced by an 82% chance of El Niño developing between May and July. This forecast is significant for reinsurance and insurance-linked securities markets, as reduced hurricane activity could impact risk assessments and pricing strategies.

American Coastal renews core cat reinsurance programme with $1.918bn coverage

American Coastal Insurance Corp. has renewed its core catastrophe reinsurance program for 2026/27, securing approximately $1.918 billion in coverage, a 14.4% increase from the previous year. This renewal reflects the company's strategic response to evolving market conditions and underscores the growing demand for robust reinsurance solutions in the face of increasing catastrophe risks.

Aon expands credit reinsurance hub model amid rising global demand

Aon is enhancing its credit reinsurance capabilities by implementing a hub-led strategy to better connect clients with capital, responding to increased global demand. This initiative includes the relocation of Rupert Evans, the international head of credit and financial risks reinsurance, to strengthen local market engagement. This expansion is significant for institutional investors as it signals a growing focus on credit risk management within the reinsurance sector.