China is engaging with Central Asia like never before
Central Asian leaders recently convened in Xi’an to announce an unprecedented number of agreements with China. Deepening ties with Beijing come as other international actors have failed to deliver on investment in the region on the same scale as China. From the perspective of many Central Asian officials, geography and history are destiny. Sandwiched between […]
London’s attempt to challenge ILS domiciles “failed” – LMG CEO
The London market’s attempt to challenge other insurance-linked securities (ILS) domiciles in winning ILS business to the UK has “failed”, the Chief Executive of the London Market Group has told the Financial Times. An FT article yesterday evening stated that London’s insurance and reinsurance market needs to become a central part of the debate around […]
ILS Asia 2023: Monetary Authority of Singapore (MAS) to deliver keynote
We’re delighted to announce that the Monetary Authority of Singapore (MAS), the central bank and financial regulatory authority, will join us at our upcoming ILS Asia 2023 conference on July 13th and deliver an opening keynote speech. Singapore has made impressive progress as a hub for insurance-linked securities (ILS) and catastrophe bond business over the last […]
Tighter cat bond pricing welcomed by sponsors: Aon Securities
Catastrophe bond and insurance-linked securities (ILS) market conditions improved somewhat for sponsors during the first-quarter of 2023, with tightening of pricing welcomed by re/insurers, Aon Securities has said. In reporting on the Q1 2023 cat bond market activity, Aon Securities, the ILS and capital markets broker-dealer unit of the insurance and reinsurance broker, explained that […]
Swiss Re cat bond index already having best year since 2013
Reflecting the elevated spreads of catastrophe bonds, after just a few months of this year the return of the Swiss Re catastrophe bond index, perhaps the most widely used benchmark in the insurance-linked securities (ILS) space, is already at its highest level since 2013. As we’ve reported before, catastrophe bond spreads had soared through the […]
Bloomberg: Hong Kong’s catastrophe bond market can reach $2 billion by 2025
Hong Kong’s catastrophe bond market may grow to $2 billion by 2025, accounting for 4-5% of global cat bonds, according to a poll conducted at Bloomberg’s Insurance Forum. Authorities recently extended a grant program in a bid promote the city as a regional hub for insurance-linked securities, a $40 billion market dominated by Bermuda. FULL […]
Cat bond funds average 5.50% return year-to-date in UCITS Index
A particularly strong performance through the month of April 2023 now sees catastrophe bond funds in the UCITS format with an average return for the first four months of the year of 5.50%, with both higher and lower-risk cat bond fund strategies faring particularly well during the period. A combination of factors have driven this […]
PCRIC Congratulates its ILS Specialists
PCRIC is pleased to announce that two of its team members, Mr. Pankaj Singh (Finance & Planning Manager) and Mr. Richard Poulter (Actuarial Specialist) have successfully completed a seven-week course on the fundamentals of Insurance Linked Securities (ILS), run by Phoenix CRetro Ltd London in partnership with various professional bodies and educational institutions worldwide. The course provided the participants with an in-depth understanding […]
Regulator the PRA still aiming for ILS “take off” in the UK
The UK’s Prudential Regulation Authority (PRA) of the Bank of England is continuing to work to simplify its approach to insurance-linked securities (ILS), still hoping the reinsurance market segment will “take off” in the country. Speaking in March, Shoid Khan, a director of insurance supervision at the Prudential Regulatory Authority, explained that the goal is […]
Record April issuance boosts cat bond trading, as pipeline builds
Trading of catastrophe bond notes in the secondary market has picked up in the last few weeks as cat bond fund managers and investors look to adjust their portfolios to accommodate the brisk flow of newly issued deals, helped in part by a record over $2 billion of issuance in April 2023, by Artemis’ numbers. […]