World Food Programme buys parametric tropical cyclone insurance from CCRIF
CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America, has announced that the United Nations World Food Programme (WFP) has become the first UN agency and multilateral organisation to join and purchase parametric insurance from it. The United Nations World Food Programme (WFP) has been utilising parametric risk transfer as a […]
Mexico gets its first World Bank Cat DDO, to complement cat bonds and parametric insurance
The Government of Mexico has received its first World Bank Catastrophe Deferred Drawdown Option (Cat DDO), which will help the country prepare better and respond more quickly to natural disasters, while also complementing both of its IBRD CAR Mexico 2024 and IBRD CAR Mexico 2024 (Pacific) catastrophe bonds and parametric insurance protection. The World Bank […]
Jamaica’s parametric cat bond payout funded electricity restoration: Chief Fiscal Economist, Francis
After the devastating impacts of hurricane Melissa triggered a full $150 million payout of its IBRD CAR Jamaica 2024 parametric catastrophe bond, the rapid funding from this insurance product helped the country recover its electricity network faster than would have otherwise been possible, the government’s Chief Fiscal Economist explained last week. Speaking at the ILS […]
Deepening cat bond market offers investors liquidity, scale, and broader diversification: GAM’s Aviv
The catastrophe bond market has reached a scale where its continued growth actively reinforces the investment case, offering greater scalability, improved liquidity and broader scope to diversify within natural catastrophe risk, according to Dr. Rom Aviv of GAM Investments. Aviv, who is well-known across the insurance-linked securities (ILS) industry, joined GAM Investments as Head of […]
Hannover Re sees ILS capital as sustainable reinsurance addition, source of growth: Horstmann
Speaking earlier today during Hannover Re’s Baden-Baden media briefing, Patrick Horstmann Managing Director, and Head of insurance-linked securities (ILS) at the firm, emphasised that the German reinsurer sees ILS capital as a sustainable addition to the global reinsurance market and a key area of growth for the company. Hannover Re has been steadily growing in […]
Franklin Templeton moderates cat bond conviction to overweight, turns neutral on ILS
Franklin Templeton Investment Solutions, the hedge fund-focused arm of the global asset manager, has moderated its stance on the catastrophe bonds asset class slightly from ‘strongly overweight’ to ‘overweight’ for Q4 2026, which in turn has led the firm to shift its stance on the insurance-linked securities market to ‘neutral’. At the same time, the […]
Lower spread environment may encourage more cat bond sponsors in Q4’26: Rostan, SCOR IP
Primary catastrophe bond market activity is set for a strong final quarter in 2026, driven by expectations for a strong pipeline and how the lower spread environment may encourage more sponsors to enter the market, according to Sidney Rostan, Head of ILS Strategies at SCOR Investment Partners. SCOR Investment Partners is the asset management arm […]
ADB aims to expand catastrophe bond usage across Asian regions: Kessler
The Asian Development Bank (ADB) is actively promoting catastrophe bonds for sovereign disaster risk financing across the region, but Thomas Kessler noted last week that this will require cooperation across governments, research and modelling institutions, insurers and the ILS investor base. Speaking in Bermuda at the Convergence 2026 conference last week, Thomas Kessler, Principal Disaster […]
World Bank confirms signing of Nepal quake catastrophe bond mandate
The World Bank has now confirmed that it has partnered with Nepal to explore the issuance of a parametric earthquake catastrophe bond for the country. The World Bank confirmed that it and Nepal have signed a mandate agreement to explore the development of a catastrophe bond, which would be designed to enable Nepal to access […]
Insurance-linked securities expand the horizon for impact investing: Smith, Sage Advisory
Speaking yesterday at the ILS Bermuda Convergence 2026 conference, Bob Smith, President & Co-CIO of fixed income and alternative solutions manager Sage Advisory, explained that he sees insurance-linked securities as an asset class that can expand the horizon of impact investing. Smith is a strong proponent for investing into catastrophe bonds and other natural catastrophe […]