Mexico Doubles Parametric Catastrophe Insurance to ~$575M at 2026 Renewal
Mexico doubles sovereign parametric catastrophe insurance to ~$575M at the 2026 renewal, building a $1.17B multi-layer parametric stack post-FONDEN.
Region
LATAM
Chilean Pension Funds Allocate $79M to Catastrophe Bonds as LATAM’s ILS Market Deepens
Chilean AFPs have allocated $79M to catastrophe bonds — the first ILS investment by LATAM pension capital — flipping Chile from sovereign protection-buyer to…
Brazil’s New Insurance Law Forces Operational Overhaul for Carriers and Brokers
Law 15,040/2024 took effect December 11, 2025, reshaping claims deadlines, distribution rules, and reinsurance governance across Brazil's US$132 billion insurance market.
Fitch Flags Mexico as LATAM’s Only ‘Deteriorating’ Insurance Market in 2026
Fitch's 2026 LATAM outlook singles out Mexico as the region's only "deteriorating" insurance market: the January 2026 VAT credit elimination pushes combined ratios above…
Galapagos Capital’s R$126M LRS Sets New Benchmark for Brazil’s ILS Regime
Brazil ILS Galapagos Capital R$126M milestone: the fourth LRS issuance under Brazil's domestic ILS regime and the first with institutional syndication marks the maturation…
Everest Group Exits Colombia and AIG Moves In, Redrawing LATAM’s Mid-Market Insurance Map
Everest Group Colombia AIG acquisition announced 19 May 2026 shows how soft LATAM rates — property down 12%, composite -8% in Q1 2026 —…
World Bank Issues $200M Jamaica Hurricane Bond to Anchor Caribbean Sovereign Risk Pool
Jamaica's third sovereign cat bond closes oversubscribed at a 6.75% coupon, signaling that Caribbean parametric structures have matured into a stable ILS asset class.
Talanx Signs 20-Year Bancassurance Exclusive With Afirme Grupo Financiero in Mexico
Talanx agrees a 20-year exclusive bancassurance deal with Afirme Grupo Financiero in Mexico, creating a MXN 22.8bn combined premium base and moving HDI to…