News
Orion180 lifts reinsurance coverage by 36% to $1. 15bn for 2026 hurricane season
4+ hour, 35+ min ago (221+ words) Orion180 confirmed that its 2026 reinsurance program covers the company's growing admitted and surplus lines, and is backed by a global panel of 41 highly rated and diversified reinsurers. With the National Oceanic and Atmospheric Administration (NOAA) forecasting 8 to 14 named tropical storms, with…...
Florida State Board likely to reduce property cat ILS investments, keep diversifying
2+ week, 2+ day ago (580+ words) Returns have been strong for the Florida pension plan's ILS investments, with a benchmark beating almost 22% running annual return across the strategies invested in. The pension's ILS investments are now running at an almost 18% annualised return over a three-year horizon,…...
Gallagher teams with Flood Flash to launch parametric flood cover for golf courses
2+ week, 5+ day ago (511+ words) Insurance broker and risk adviser Gallagher has collaborated with Flood Flash, a Norman Max company, to launch a new parametric insurance solution designed to protect golf courses from mitigate financial disruption caused by flooding and severe weather. The new arrangement…...
Florida renewal risk-adjusted pricing down 15% to 20% across many layers: Guy Carpenter
2+ week, 6+ day ago (292+ words) The landmark legal reforms made in late 2022 are highlighted as a key reason for improved property insurance market conditions in Florida and this has served to raise reinsurer and investor appetite for risks in the state. "Materially stronger balance sheets,…...
Florida Citizens secures one-third upsized $600m Everglades Re II 2026-1 catastrophe bond
1+ mon, 4+ day ago (809+ words) As we reported in our first update on this deal, the target sizes for all three tranches of notes on offer were raised, with from the initial $450 million to as much as $600 million of reinsurance limit then being sought by…...
Global property insurance rates fall 9% in Q1 2026, as appetites broaden: Marsh Risk
1+ mon, 3+ week ago (402+ words) The broker also observed that insurers have broadened their appetite, targeting more complex industries and the middle market, where competition levels are increasing. "Given broad economic uncertainty and inflationary pressures, clients have the opportunity to optimize their program structures, increase…...
Florida Citizens entered 2026 with 67% less exposure, sees $3bn reinsurance / cat bond need
3+ mon, 2+ week ago (434+ words) The catastrophe bond market provides $3. 125 billion of reinsurance limit to support Florida Citizens for the hurricane season in 2026, however the company's $500 million'Lightning Re Ltd. (Series 2023-1)'industry loss triggered cat bond is scheduled to mature later this month. Therefore, this means…...
California FAIR Plan secures $400m wildfire reinsurance from second Golden Bear Re cat bond
3+ mon, 3+ week ago (684+ words) As the California FAIR Plan looks to build-out its reinsurance tower it had returned to the capital market quickly after its debut catastrophe bond that was issued in December 2025. That first cat bond secured the largest pure wildfire risk issuance…...
Property catastrophe rates fall 12% globally, in the US and APAC. 15% in Europe: Guy Carpenter - Artemis. bm
5+ mon, 2+ week ago (903+ words) The broker had reported that excess capital in the market weighed on rates at the 1/1 2026 renewal season, resulting in double-digit declines for property catastrophe renewals with investor appetite for insurance-linked securities a contributing factor. Guy Carpenter's Global Property Catastrophe Rate-On-Line…...
Florida Citizens recommends rate cuts. Louisiana cites reinsurance cost declines - Artemis. bm
6+ mon, 6+ day ago (609+ words) As we've explained before, in the case of Florida, the June 2025 reinsurance renewals indicated growing confidence in the state's property insurance market, while Florida Citizens itself said that it is anticipating lower reinsurance costs in 2026 as the insurer of last…...