The Asian Development Bank is working with Mongolia on the potential to replicate the Risk-Layered Disaster Relief Finance Program it recently implemented for the Kyrgyz Republic and Tajikistan, which puts sovereign parametric risk transfer instruments including catastrophe bonds as part of the conversation. Recall that the Asian Development Bank (ADB)
The secondary market for catastrophe bonds remained bid-heavy during the opening half of 2026, as an influx of market participants looked to buy bonds rather than sell out of their existing positions, which caused for secondary market activity to see a meaningful increase during the period following a relatively subdued
Global gross domestic product (GDP) exposure to damaging severe convective storm (SCS) winds is projected to grow 14% over the next 30 years, reaching $20.2 trillion as climate risks continue to reshape underwriting globally, according to a new report by First Street, the climate risk financial modeling provider. A recent
In a recent feedback paper published by the Guernsey Financial Services Commission (GFSC) on tokenisation of assets regulations, the organisation has hailed its support for re/insurers using tokenised ILS contracts, in a move that is expected to drive further innovation within the digital finance space. Building on work delivered through
A new report from Fitch Ratings has suggested that insurance-linked securities (ILS), catastrophe bonds, and parametric insurance solutions can help re/insurers innovate in order to balance the conflicting goals of expanding access to affordable natural catastrophe cover, without impairing underwriting principles. In the report, the agency highlights how socioeconomic factors
The catastrophe bond market continued its strong momentum in 2026 driving another record period of issuance in the first-half of the year and analysis from global reinsurance firm Swiss Re’s Capital Markets division shows that since 2021 the outstanding cat bond market has been expanding at a roughly 15.5% compound
As the buildout of AI and digital infrastructure continues to expand across the re/insurance industry, driving insurance-linked securities (ILS) into this emerging sector relies heavily on key structural advancements, including the development of standardised parametric triggers and portfolio aggregation mechanisms, according to Michael Moloney of Oliver Wyman. Moloney who serves
Insurance-linked securities and reinsurance sidecar investments made by Eaton Vance through three of its mutual funds have risen significantly in the last half-year, increasing by more than 126% to reach almost $680 million by April 30th, with brand new allocations made to structures linked to Arch Capital, PartnerRe and QBE,
The Canadian financial markets regulator, the Office of the Superintendent of Financial Institutions (OSFI), has now added natural catastrophe bonds to its rules on allowable forms of reinsurance that can reduce capital requirements for insurance risk. It’s a move that could help to stimulate more catastrophe bond issuance from Canadian