ADB approves plan to issue catastrophe bond for Kyrgyz Republic and Tajikistan
The Asian Development Bank (ADB) has approved plans to issue a pilot parametric catastrophe bond for Kyrgyz Republic and Tajikistan which could be as much as $100 million in size, protecting both countries against earthquake and flood risks. This initiative accompanies ADB’s approval of a $56.4 million program aimed at strengthening both countries’ capacity to […]
Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilience
Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-linked loans. Swiss Re says insurance-linked loans, alongside parametric insurance, catastrophe bonds, and contingent credit lines, are an […]
ILS and cat bonds will help close India’s protection gap: FAIR panel
In a recent panel discussing how reinsurance strategies can expand insurance access in India, Mahipal Reddy, Executive Director, International Financial Services Centres Authority (IFSCA), GIFT City, Gujarat, suggested that the analytical framework already set in place for catastrophe bonds and insurance-linked securities (ILS) will drive the popularity of parametric solutions. At the 29th Federation of […]
G20 Ministers call for scaling up of parametric insurance, risk pools, catastrophe bonds
Ministers from the G20, or Group of Twenty forum for global economic cooperation, recently came together in South Africa for annual meetings and the Disaster Risk Reduction Working Group advocated for the enhancement of risk transfer solutions, particularly including use of parametric insurance, risk pools, and catastrophe bonds. Recognising their shared commitment to disaster risk […]
Premier Ebanks urges Cayman Islands to consider cat bonds after Hurricane Melissa
Reflecting on Hurricane Melissa’s impacts on Jamaica, Hon. Andre Ebanks, MP, Premier & Minister for Financial Services and Commerce, of the Cayman Islands, believes that the British Overseas Territory should also look to financial instruments such as catastrophe bonds for future protection. We reported last week that the World Bank had confirmed that following the events […]
Moody’s finalises, publishes new catastrophe bond and ILS rating methodology
Moody’s Ratings has now finalised and published its awaited new methodology for rating insurance-linked securities (ILS) such as catastrophe bonds. Moody’s Ratings had issued a discussion paper on insurance-linked securities (ILS) and cat bonds back in March 2025 and put out a call for feedback from market participants, to help clarify its understanding of ILS market dynamics […]
KKR sidecar assets and fees show importance of third-party capitalised reinsurance strategy
For KKR, with committed capital managed in life and annuity reinsurance sidecar structures under Global Atlantic rising rapidly for the investment giant in recent years, these third-party capitalised reinsurance strategies are an increasingly important component of the firm’s results. KKR has long explained the benefits to investors of insurance and reinsurance as an asset class, […]
UK becoming more competitive jurisdiction for insurance-linked investment: PRA’s Khan
With implemented and planned reforms to its insurance-linked securities regulatory regime, the United Kingdom is “becoming a more competitive jurisdiction for insurance-linked investment” according to Shoib Khan, Director, Insurance Supervision at the Prudential Regulation Authority (PRA) of the Bank of England. Speaking at a recent event in London, Khan explained that the updates planned and […]
Monetary Authority of Singapore details non-APAC risk features of refreshed ILS grant scheme
The Monetary Authority of Singapore (MAS) has now confirmed details of the refresh and extension of its insurance-linked securities grant scheme, with grants now available to cover some of the upfront costs of issuance for catastrophe bonds covering risks outside of the Asia Pacific region, as well as for other ILS arrangements. The refresh and […]
Bloomberg: Cat Bond Holders Digest ‘Black Swan’ Event Triggered by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed to trigger last year after Hurricane Beryl destroyed large parts of the island. The development sparked calls for a […]