UNDP IRFF: Sustaining development via insurance and risk finance solutions in 8 countries
As risk grows, it is time to rapidly scale-up insurance and risk-transfer solutions for the countries and communities most in need. UNDP lays the groundwork for full implementation. UNDP will start insurance and risk-financing work in eight new countries in the first quarter of this year. This work is backed by funding from the German […]
Twelve Capital gets strategic investment from Graubündner Kantonalbank
Twelve Capital Management, the Zurich-headquartered catastrophe bond, insurance-linked securities (ILS) and reinsurance linked investment fund manager, is taking a strategic investment from one of Switzerland’s cantonal banks, Graubündner Kantonalbank. Graubündner Kantonalbank has agreed to acquire a 30% stake in the holding company of the specialist insurance and reinsurance focused investment firm, Twelve Capital Holding AG. […]
TWIA opts for Aon for catastrophe modeling services
The Texas Windstorm Insurance Association (TWIA) is now set to finally appoint insurance and reinsurance broker Aon to provide catastrophe risk modeling services, after the company was recommended by its Actuarial & Underwriting Committee after a second round of RFP’s. TWIA had issued a request for proposals (RFP) for catastrophe modeling services back in October […]
Tonga gets World Bank CAT-DDO funds for volcano & tsunami recovery
The Pacific Island nation of Tonga will receive a US $8 million payout disbursement from a World Bank arranged catastrophe contingent line of credit, under a Catastrophe-Deferred Drawdown Option, or CAT-DDO. Tonga and other islands in the region were severely impacted by the eruption of the Hunga Tonga volcano on January 15th and the resulting […]
