Leveraging space technology to refine parametric wildfire and drought products: Skyline Partners – Go Health Pro

Leveraging space technology to refine parametric wildfire and drought products: Skyline Partners – Go Health Pro

As wildfires and droughts intensify across the globe, the insurance industry is searching for ways to close the growing protection gap. With traditional insurance struggling to keep pace with the escalating frequency and severity of climate-driven disasters, parametric insurance is emerging as a powerful tool, but its effectiveness relies on accurate data.To address this challenge, … Read more

ILS fund return dispersion high again in Feb, on CA wildfire & Helene flood losses: ILS Advisers – Go Health Pro

ILS fund return dispersion high again in Feb, on CA wildfire & Helene flood losses: ILS Advisers – Go Health Pro

The ILS Advisers Fund Index has reported a +0.17% return for February 2025, but the company has highlighted a second consecutive month where there was a broad dispersion between ILS fund returns and performance, as effects from losses due to the California wildfires continued to flow through the market.In addition to the wildfire related negative … Read more

Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

Cat bond market poised for strong 2025 despite LA wildfire impact: AM Best – Go Health Pro

2025 is shaping to be another strong year for catastrophe bond and insurance-linked securities (ILS) issuance following record growth seen across the market last year, despite the fallout from the Los Angeles wildfires in January, says global ratings agency AM Best.Full-year catastrophe bond and related ILS issuance hit a record $17.7 billion in 2024 as … Read more

Sutton looks to upsize debut Greengrove Re cat bond to provide $100m of CA wildfire cover – Go Health Pro

Sutton looks to upsize debut Greengrove Re cat bond to provide 0m of CA wildfire cover – Go Health Pro

Artemis has learned that Sutton National Group is now aiming to secure an upsized $100 million in fire reinsurance protection for California via its debut Greengrove Re Ltd. (Series 2025-1) catastrophe bond issuance.Sutton National Group launched its debut appearance in the cat bond market earlier this month, seeking to secure $75 million or more in … Read more

Los Angeles County Sues Utility Edison Over Deadly Wildfire – Go Health Pro

Los Angeles County Sues Utility Edison Over Deadly Wildfire – Go Health Pro

Los Angeles County sued Edison International to recoup its losses from a January wildfire that was one of the most destructive in California history. The suit alleges that equipment owned by the company’s Southern California Edison utility caused the Eaton Fire. The county claims it’s been saddled with hundreds of millions of dollars in costs … Read more