APCIA CEO joins call for California to issue cat bonds to recapitalise FAIR Plan after fires
The CEO of the American Property Casualty Insurance Association (APCIA) has joined the calls on the California legislature to issue catastrophe bonds in order to recapitalise and stabilise the FAIR Plan in the wake of the damaging wildfire losses of recent weeks. It’s not immediately clear whether this is a call for the cat bond […]
Larger ILS market to offer broader risk management, more diversification: Jefferies
With the catastrophe bond and insurance-linked securities (ILS) market expected to continue growing by analysts at investment bank Jefferies, they say that this will necessitate a continued expansion further into new and secondary perils, to offer broader risk management for re/insurers and an increasingly diversified investment choice for allocators. In a recent report, the Jefferies […]
