Operational considerations in insurance-linked securities: A trustee’s perspective from HSBC
As the global insurance-linked securities (ILS) market evolves and expands, so too do its operational complexities and counterparty risks. This evolution elevates the trustee from a mere administrator to an essential partner, providing the stability and confidence that allows market participants to thrive in an increasingly demanding landscape, HSBC Bank explains. The Insurance-Linked Securities (ILS) […]
Cat bond market poised to support broader sponsor base amid record issuance: Albertini, Leadenhall
With the catastrophe bond market growing at a rapid pace, the sector is well-positioned to support a broader sponsor base. The increased participation of large institutional investors, whose ability to deploy meaningful allocations remains a testament to the market’s credibility and scalability, further underscores this strength, Luca Albertini, CEO of Leadenhall Capital Partners LLP told […]
CalPERS said to be investing in catastrophe bonds for the first time
CalPERS, the largest public pension fund in the United States with total assets under management of over $582 billion, is making its first ever investment allocation to the insurance-linked securities sector, we understand in catastrophe bonds, Artemis has learned. The California Public Employees’ Retirement System, or CalPERS, is one of the largest institutional investors in […]
Growing opportunity in Latin America for catastrophe bonds and ILS: Fitch Ratings
There is a growing opportunity for further use of catastrophe bonds and insurance-linked securities (ILS) in Latin America, with Brazil’s first ILS deal recently setting a positive example, Fitch Ratings has explained. Commenting on reinsurance market opportunities in Latin America, Fitch said, “Fitch Ratings estimates the Latin American reinsurance market from USD18 billion to USD22 […]
Rising rapid intensification poses new challenges for cat bond investors: Man Group
According to a recent commentary from Man Group, the global alternative and active investment manager, the rising frequency of rapid intensification is posing new challenges for catastrophe bond investors. In its latest commentary, written by Andre Rzym, Partner, Head of Systematic Opportunities at Man AHL and Tarek Abou Zeid, Partner, Head of Client Portfolio Management […]
All ILS transactions help address the protection gap: Schroders Capital’s Turner
As the insurance-linked securities (ILS) market continues to grow, its role in addressing the widening protection gap is coming into sharper focus, with Holly Turner, Climate Specialist at Schroders Capital, suggesting that every ILS transaction can help address this goal. “Within climate adaptation, climate ‘resilience’ – the ability of a system, community or individual to […]
Digitization and discipline key to sustaining cat bond market growth: Wrosch, Twelve Securis
As the catastrophe bond market continues to expand, the next phase of growth won’t come from standardization alone. Digitization, streamlining data and deal flow, will be crucial for handling scale while preserving sponsor flexibility, according to Tanja Wrosch, Head of Cat Bond Portfolio Management at Twelve Securis. Twelve Securis was formed in February this year, […]
Thai asset manager KKP launches two cat bond strategies as feeders to Twelve Cat Bond Fund
Kiatnakin Phatra Asset Management (KKP Asset Management), a capital markets investment firm based in Thailand and part of the Kiatnakin Phatra Financial Group, has launched two catastrophe bond strategies for the Thai domestic market, with both set to serve as feeders to the Twelve Cat Bond Fund, a Twelve Securis strategy. As such, this is […]
Auckland Future Fund (AFF) approves catastrophe bonds as part of target allocation
The Auckland Future Fund (AFF), a New Zealand based investment entity that was established in 2024 as part of Auckland Council’s long-term plan, can now add catastrophe bonds to its nascent portfolio as its governing board approved an investment policy that includes cat bonds as an allowable alternative asset class. The Auckland Future Fund (AFF) […]
Hannover Re sets-up “future ready” ILS & retro structure, as Ludolphs steps back
Hannover Re has announced a leadership transition within its Insurance-Linked Securities (ILS) and Retrocession team, confirming that long-term ILS head Henning Ludolphs will transition into an advisory role effective today October 1st, with Patrick Horstmann succeeding him as head of the unit to ensure continuity and support future growth. At the same time, Hannover Re […]