Galapagos Capital SSPE issues largest LRS at R$126m, the fourth under Brazil’s ILS regime
Gálapagos Capital Sociedade Seguradora de Propósito Específico S.A., the Brazil based SSPE or special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters) and is owned by global investment company Galapagos Capital, has completed issuance of the largest transaction under Brazil’s insurance-linked securities regime so far. Gálapagos Capital SSPE has […]
56% of planned US data centres are in catastrophe exposed locations: MS Amlin
A new analysis from Lloyd’s global specialist re/insurer MS Amlin has revealed that 56% of the 670 planned US data centre projects representing nearly $800 billion in investment, are located in states that are highly exposed to either hurricanes, severe convective storms, earthquakes or winterstorms. MS Amlin’s analysis examined over 670 data centre projects that […]
ILS valuation now a ‘core determinant’ of market credibility, Smyth, Nascent Group
In recent years, the insurance-linked securities (ILS) market has expanded from a niche property catastrophe tool into a broader and more complex asset class, and with that evolution, valuation has also moved from a reporting exercise into a core determinant of market credibility, according to Andy Smyth of Nascent Group. Smyth, the former EY executive, […]