Hong Kong targets PCC structure for efficient ILS issuance, wants to invigorate ILS investment
Hong Kong’s new five-year plan highlights insurance-linked securities business and the ongoing development of its ILS regulatory regime as key strategic goals, with a PCC structure being explored for more cost-efficient ILS and catastrophe bond issuance, as well as ways to invigorate the investor side as well. The inaugural Five-Year Plan of the Hong Kong […]
Cat 5 Florida hurricanes could drive $300bn plus insurance market loss: Swiss Re
Under certain scenarios, a category 5 hurricane ploughing into Miami or Tampa Bay has the potential to drive more than US $300 billion of losses across the global insurance and reinsurance market, Swiss Re’s Institute said today, while also explaining the importance of reinsurance and ILS capital in protecting the state. In addition, the research […]
ILS offers diversification when traditional stock/bond relationships falter: Omnigence Asset Management
Given insurance-linked securities’ (ILS) ability to offer a bounded allocation whose premium compensates for real and imperfectly correlated tail risk, a new paper by Omnigence Asset Management suggests that ILS remains one of the most credible candidates for diversification when traditional stock-bond relationships falter. In the firm’s recently published report, executives outlined that the diversifying leg […]