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Mexico to add $125m of Pacific named storm cover to World Bank cat bond

As anticipated, the Government of Mexico has returned to secure Pacific named storm protection from another new tranche of World Bank and IBRD facilitated catastrophe bond notes, as the country looks to finalise its latest capital markets source of parametric disaster insurance protection. In recent week’s, Mexico has secured a $420 million source of protection against […]

Hannover Re sponsors $13.75m Cumulus Re cloud outage catastrophe bond

Global reinsurance firm Hannover Re has successfully sponsored a $13.75 million Cumulus Re (Series 2024-1) parametric cloud outage catastrophe bond that was privately issued and placed using the firm’s Kaith Re Ltd. vehicle, with modelling of the cyber risks undertaken by Parametrix. Hannover Re has been looking at a parametric cloud outage retrocession transaction for a […]

Banque Bonhôte launches ESG fund strategy incorporating catastrophe bonds

Banque Bonhôte & Cie, a Swiss private bank, investment firm and wealth manager, has announced the launch of a new environmental, social and governance (ESG) focused fund strategy that will incorporate catastrophe bonds as one of its allocations. Pierre-François Donzé, Head of Asset Management at Banque Bonhôte, said that, “Our approach and the integration of […]

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