Catastrophe Risks

Catastrophes were responsible for at least $83 billion in economic losses worldwide during the first quarter of this year, well above both the 21st century first-quarter average of $61 billion and the $54 billion in losses during the same period last year, according to Aon. Read More

New issuance of catastrophe bonds and related insurance-linked securities (ILS) began 2025 at a record pace, with $7.1 billion in first-quarter issuance, according to a new report from Artemis. New catastrophe bond and ILS issuance during the first quarter was up $2.8 billion from the same period in 2024. Read More

Researchers at Colorado State University (CSU) are forecasting above normal activity for the 2025 Atlantic hurricane season. The CSU team's initial 2025 Atlantic hurricane forecast predicts 17 named storms with 9 of those storms becoming hurricanes, 4 of which are expected to be major hurricanes of Category 3 or higher. Read More

Willis and The Nature Conservancy introduced a wildfire insurance policy leveraging alternative risk transfer. Designed for Tahoe Donner, it lowers costs by recognizing ecological forest management, such as thinning and prescribed burns. The innovative approach addresses insurance market instability in wildfire-prone areas like California. Read More

Gallagher Re's "Natural Catastrophe and Climate Report 2024" examines global disaster losses, insured costs, and climate risk trends. With economic losses hitting $417 billion and insurers covering $154 billion, the report highlights rising catastrophe costs, regulatory developments, and strategies to address growing climate-related risks in the insurance sector. Read More