Renewals

WTW confirms PCRIC renewal and updated triggers

WTW has confirmed the renewal of the Pacific Catastrophe Risk Insurance Company’s portfolio of policies for six governments and affiliated entities across the region.

Buyers showing interest in parametric covers for peak perils ahead of 1.1

Peak natural catastrophe perils are the focus of parametric risk transfer discussions ahead of the January 2025 renewals, as reinsurance buyers seek flexible alternatives to costly traditional layers.

LM Re and Global Parametrics’ NDF lead renewal of $11mn Mexican state parametric hurricane cover

The state government of Quintana Roo on Mexico’s southeastern coast has returned to the international markets to renew its $11mn parametric named hurricane reinsurance coverage, The Insurer can reveal.