PRA to bring “flexibility & speed” to UK ILS, fast-track standard structures
The Bank of England’s Prudential Regulation Authority (PRA) confirmed this morning that it is working on making changes to its insurance-linked securities (ILS) regime, with a view to bringing greater flexibility and speed to the regulatory process. Speaking at an event in London today, Alan Sheppard, Head of Insurance Policy at the Prudential Regulation Authority […]
Arkansas Teacher pension fund ILS allocation drops to $220m
The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has seen its allocation to insurance-linked securities (ILS) shrink to roughly 1% of the fund, falling to $220 million. That’s down from a high of almost $290 million at the end of 2019 and $267 million at the […]
Divergent execution a sign of a mature ILS market: Swiss Re
Catastrophe bond and insurance-linked securities (ILS) market execution through 2021 was not uniform, which global reinsurance firm Swiss Re highlights is a sign of the market becoming increasingly mature. As you’d expect, the catastrophe bond market in particular is maturing fast and the way deals execute, as well as how they price both in primary […]
