Regulator the PRA still aiming for ILS “take off” in the UK
The UK’s Prudential Regulation Authority (PRA) of the Bank of England is continuing to work to simplify its approach to insurance-linked securities (ILS), still hoping the reinsurance market segment will “take off” in the country. Speaking in March, Shoid Khan, a director of insurance supervision at the Prudential Regulatory Authority, explained that the goal is […]
Record April issuance boosts cat bond trading, as pipeline builds
Trading of catastrophe bond notes in the secondary market has picked up in the last few weeks as cat bond fund managers and investors look to adjust their portfolios to accommodate the brisk flow of newly issued deals, helped in part by a record over $2 billion of issuance in April 2023, by Artemis’ numbers. […]
