This article presents an alternative framing of disasters as a form of structural violence resulting from the unequal distribution of structural power between various groups, organizations, institutions, and states in the contemporary global political economy. The article utilizes a theoretical framework that combines Johan Galtung’s typology of violence and Susan Strange’s conceptualization of structural power to open up new space for analysis in the disaster politics nexus. The article applies its framework to explore how an understanding of disasters as a form of violence problematizes trends within mainstream disaster risk reduction (DRR) policies. Specifically, the article examines the integration of financial risk-sharing mechanisms into the disaster politics nexus through new public–private partnerships between insurance and reinsurance firms, international financial institutions, and governments to transfer catastrophic risk to global capital markets. The article seeks to repoliticize these changes and bring questions of power back into the larger conversation surrounding DRR policies.