Grenada renews CCRIF SPC parametric insurance policies for 25/26
The Government of Grenada has confirmed the renewal of the country’s annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roughly USD 1.828 million, plus applicable fees. This renewal ensures the Caribbean country remains protected under the facility’s parametric policies for […]
Cat bonds, collateralized and ILS managers took 87% of Florida Citizens tower in 2025
Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers. As Artemis was first to report yesterday, Florida Citizens confirmed the successful […]
ILS investors have ‘reason to be optimistic’ heading into 2025 hurricane season: Allgäuer, VP Bank
In a recent commentary, Bernhard Allgäuer, Senior Investment Strategist at VP Bank, outlined why insurance-linked securities (ILS) investors “have reason to be optimistic” heading into the 2025 Atlantic hurricane season, citing elevated risk premia and a favourable technical setup that could support returns. A key part of that setup lies in the current risk-reward profile […]
Swiss pension Nest gets 20%+ returns from ILS and cat bond investments in 2024
Switzerland based pension fund Nest Sammelstiftung, or the Nest Collective Foundation, saw catastrophe bonds and insurance-linked securities (ILS) as one of its best investment asset classes in performance terms in 2024, benefiting from over 20% across its cat bond and reinsurance allocations. Nest Sammelstiftung positions as an ecological-ethical pension investor, adopting sustainable investment strategies, one […]
Major hurricane Erick puts Mexico’s parametric Pacific coast IBRD cat bond on-watch
The rapid intensification of tropical storm Erick into a major hurricane has brought Mexico’s Pacific coast hurricane parametric catastrophe bond, the $175 million IBRD CAR Mexico 2024 (Pacific) issuance, sharply into focus, as Erick’s central pressure is estimated just a couple of millibars above where the trigger for attachment sits. At this time, major hurricane Erick has […]
Investors see insurance-linked securities as one of the best income yield opportunities
Institutional investors are searching for diversification, income generation and also defensiveness in their asset selection, as they strive to build resilient portfolios to suit a world defined by fragmentation and flux, a survey from asset manager Schroders explains. Given the current macro-economic and geopolitical backdrop, institutional investors are rethinking their allocation strategies and searching out […]
Advantageous ILS market conditions see cat bonds at 70% of Citizens program: CFO Montero
Florida’s Citizens Property Insurance Corporation has leaned more heavily on the catastrophe bond market for its 2025 risk transfer strategy, with CFO Jennifer Montero revealing that 70% of the insurer’s total risk transfer program, including both new and continuing coverage, is now backed by cat bonds. Speaking during Artemis’ recent Catastrophe Bond and ILS Market Conditions […]
Jamaica builds on parametric disaster risk financing for 2025. Cat bond remains core
The Government of Jamaica has prepared itself for the 2025 hurricane season with a further increase to its National Natural Disaster Risk Financing Policy arrangements, with the largely parametric reserves and contingent financing augmented with parametric insurance and its World Bank catastrophe bond. In March this year, the Jamaican Ministry of Finance negotiated a further J$6.5 billion […]
World Bank highlights weather-index insurance to raise South Asia climate resilience
As South Asia faces escalating threats from extreme weather events, the World Bank Group is urging policymakers to scale up innovative financial tools such as weather-index insurance to help households and businesses manage climate risks more effectively. In a newly released report, From Risk to Resilience: Helping People and Firms Adapt in South Asia, the World […]
David Maslo appointed interim CEO of African Risk Capacity Ltd
The Board of African Risk Capacity Limited (ARC Ltd), the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has announced the appointment of David Maslo as interim CEO, effective June 16th, 2025. Maslo, a seasoned leader across the sector, brings a strong combination of actuarial expertise and policy insight […]