The ILS market in summer 2024

On the basis of a continuing hard reinsurance market and driven by high coupons on catastrophe bonds, the ILS market delivered a strong performance for investors in the first half of 2024. The market continues to grow at a healthy speed, and spreads remain at very...

Noto Peninsula Japan Earthquake

On the first day of the new year 2024 a strong Mw 7.5 (Mj 7.6) earthquake occurred on Japan’s west coast with an epicenter on the northern Noto Peninsula. This tremor was the strongest shake to affect Japan in nearly one decade. Initial expectations of the...

Event Report: Hurricane Otis

On October 25, at 1:25 local time, East Pacific hurricane Otis made landfall in the Mexican state of Guerrero, near Acapulco de Juáres, as a Category 5 storm, the highest level on the Saffir-Simpson Scale. After landfall, the system quickly weakened over Mexico’s...

Event Report: Hurricane Idalia

On August 30, at 7:45 local time, Idalia made landfall as a Category 3 hurricane in Florida’s sparsely populated ‘Big Bend’ region near Keaton Beach. The storm continued to track in a northeasterly direction, quickly weakening over land, and passed over Georgia and...