UK Disaster Protection Centre: Humanitarian Insurance: Weighing the Options
Through the previous blogs in this series, we have started to unpick the role for risk transfer in a humanitarian context, and raised some of the ethical, practical, and principle-based reasons why humanitarian actors might think twice before using risk transfer tools like insurance [1]. The obvious next question for humanitarian actors and donors is […]
VP Bank says ILS has “good prospects”, more overweight ILS than other assets
Liechtenstein-based private bank VP Bank AG has told its clients it currently sees “good prospects” for investing into insurance-linked securities (ILS), with catastrophe bonds seen as a positive diversifying addition to portfolios. VP Bank undertakes asset management and investment consultant activities for private and institutional investors, recommending opportunities including funds, or managing portfolios on their […]
Global Insurance-Linked Securities Market Outlook
The Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again. This milestone was achieved in spite of a challenging year of catastrophe losses and with most market participants working from home. The ILS market continues to demonstrate its resilience with bonds issued in […]
Crypto crash may push re/insurers to add new exclusions
The cryptocurrency price crash could accelerate the process of insurers rewriting policies to reduce potential exposure, according to the law firm RPC. The company says insurers are likely to review or amend policy wordings to ensure they are not indirectly insuring losses arising from the activity of clients who may have exposure to the crypto market. […]
Caribbean regional cat bond planned with World Bank support
Work is underway to develop a catastrophe bond for the Caribbean region with the support of the World Bank, with four countries currently engaged and as many as four others thought likely to join the effort. The initiative hopes to have a multi-country or regional Caribbean catastrophe bond ready for market by the time Jamaica’s […]
Climate change a far greater threat to global economy than Covid-19 pandemic amid rising intensity of heatwaves and floods, Swiss Re says
Climate change poses a bigger risk to long-term global economic growth than the ongoing Covid-19 pandemic, according to Swiss Re. The world just had the third warmest June on record last month, with the average temperature 0.32 degrees Celsius higher than the average for the month in the three decades to 2020, according to Europe’s […]
Egypt’s financial regulator looks to insurance-linked securities (ILS)
The financial regulator in Egypt has become the latest government entity to look to implementation of an insurance-linked securities (ILS) framework within the country. Egypt already has insurance and some reinsurance activity going on within the country, but insurance-linked securities (ILS) are relatively unknown and a new concept to its market. Despite that, the Financial […]
No oversupply of ILS capital expected, as returns come into focus: JPM
There is unlikely to be an oversupply of alternative reinsurance capital or insurance-linked securities (ILS) capacity in the near-term, as the ILS segment of the re/insurance industry focuses on delivering returns to its investors, according to analysts at J.P. Morgan. In a new report, equity analysts from investment bank J.P. Morgan explain that they regularly […]
Swiss ILS fund ESG initiative can drive desired change: Piemonte, BKC
The environmental, social and governance (ESG) transparency initiative being undertaken by a leading group of Swiss-based insurance-linked securities (ILS) investment fund managers, has the potential to drive the desired change investors such as the Bank für Kirche und Caritas have been looking for, according to Tommy Piemonte. Piemonte is the Head of Sustainable Investment Research at […]
Fitch Withdraws 3 Belarusian Insurers’ Ratings
Fitch Ratings – London – 13 Jul 2022: Fitch Ratings has withdrawn three Belarusian insurers’ Insurer Financial Strength (IFS) Ratings. A full list of rating actions is below. Fitch is withdrawing the IFS Ratings, as the agency no longer has access to sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings […]