Hong Kong government can encourage investors by allocating to ILS products, says FSDC
As Hong Kong continues to focus on developing insurance-linked securities (ILS) as a key market segment, a position paper from advisory body the Financial Services Development Council states that further integrating ILS products into its own investment portfolios would help the government encourage investors to consider allocating to the asset class. So far there have […]
SCMP: Opinion | An Asia racked by natural disasters needs insurers to step up
Instead of withdrawing from high-risk areas, Asia’s insurers must become an active partner in long-term climate risk management. FULL ORIGINAL PUBLICATION HERE
SCMP: Deaths from future big earthquake in Philippines may surpass 50,000: seismologist
The forecast comes after a 7.7-magnitude quake in Myanmar last week left over 2,700 people dead and caused a building in Bangkok to collapse. FULL ORIGINAL PUBLICATION HERE
FT: Protectionism will help push up insurance prices, says Lloyd’s of London chief
John Neal warns geopolitics and regulatory requirements will add to cost of policies. FULL ORIGINAL PUBLICATION HERE
Hong Kong ILS Grant Scheme to be extended again, this time by three years
The government of Hong Kong is budgeting for a further three year extension to its Pilot ILS Grant Scheme, as the Special Administrative Region continues to target bringing catastrophe bond and insurance-linked securities (ILS) issuance to its financial market. Hong Kong aims to continue developing its still nascent insurance‑linked securities (ILS) market, with attracting issuers […]
Tropical cyclone risk could be increasing in the Northwest Pacific: Chaucer
According to global specialty insurance and reinsurance group Chaucer, evidence from observational data and climate models shows that tropical cyclones, known as typhoons in the Pacific, are showing signs of being influenced by climate change, with a notable trend of their peak intensity shifting northward in the Northwest Pacific. In a new report, Chaucer explains […]
Rail bridge links nations along the Silk Road
China-Europe freight rail services experienced significant growth last year. In 2024, trains made 19,000 trips, representing a 10 percent increase compared to the previous year, and transported over 2 million TEUs (twenty-foot equivalent units) of cargo, a 9 percent rise year-on-year. Launched in 2011 as a flagship program of China’s Belt and Road Initiative, this […]
Insurance Authority welcomes Silk Road Re cat bond, sixth under Hong Kong ILS regulations
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest and sixth catastrophe bond under its insurance-linked securities (ILS) regulatory regime, saying the US $35 million Silk Road Re Limited cat bond sponsored by Taiping Re reinforces its commitment to the sector. As we’ve been reporting, Taiping Re secured a three-year source of fully-collateralized retrocessional […]
Silk Road Re cat bond achieves “effective diversification” for Taiping Re: CEO
Silk Road Re Limited, the debut catastrophe bond sponsored recently by Taiping Re and issued out of Hong Kong, has helped the reinsurance company achieve “effective diversification” within its catastrophe risk management, as it looks to pursue a dual-pillar protection approach of retrocession and insurance-linked securities (ILS), its CEO said today. The company also hailed […]
2024 climate disasters cause billions in losses highlighting urgent need for action: Christian Aid
The year 2024 saw several extreme climate disasters that resulted in billions of dollars in insured losses, underscoring the urgent need to reduce carbon emissions, accelerate the transition to renewable energy, and provide funding for vulnerable populations, according to Christian Aid. In its latest report, Christian Aid identified the 10 most costly climate-related disasters of […]