SCMP: Hong Kong to offer incentives for catastrophe bond issuers, investors as it eyes hub status
Issuers, including World Bank and Peak Re, have raised US$800 million since Hong Kong implemented a new regulatory regime in 2021. The Hong Kong government will offer incentives to attract more issuers and investors to participate in catastrophe bonds in the city to help address growing climate risks. FULL ORIGINAL PUBLICATION HERE
Black Kite Re II shows ILS can narrow Asia’s protection gap: Peak Re CEO
Following the successful completion of its second catastrophe bond, the $50 million Black Kite Re Limited (Series 2025-1), Franz-Josef Hahn, CEO of reinsurer Peak Re, told us the issuance showcases the “tremendous potential” that insurance-linked-securities (ILS) solutions can play in narrowing protection gaps across Asia. The Hong Kong headquartered global reinsurer returned to the catastrophe bond market […]
Peak Re’s new Black Kite Re cat bond signals growing maturity of Hong Kong ILS platform
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest catastrophe bond sponsored by Peak Re, the US $50 million Black Kite Re Limited (Series 2025-1) transaction, while also noting that the deal represents a sign of the maturity under its insurance-linked securities (ILS) regulatory regime. As we’ve been reporting, Peak Re secured a three-year […]
Peak Re secures second Black Kite Re catastrophe bond at targeted $50m size
Peak Re has now successfully priced its second catastrophe bond with the Black Kite Re Limited (Series 2025-1) issuance set to provide the targeted $50 million of retrocession across Japanese typhoon and earthquake risks on an industry-loss basis, as well as China and India earthquakes using a parametric trigger. The Hong Kong headquartered global reinsurance company returned to […]
Zenkyoren’s new catastrophe bond the first ever to use ADB note as collateral asset
The recent $100 million Nakama Re Pte. Ltd. (Series 2025-1) catastrophe bond sponsored by Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, was the first ever cat bond issuance to utilise bonds issued by the Asian Development Bank (ADB) as collateral assets. Being a fully-collateralized reinsurance arrangement to provide Zenkyoren with multi-year protection against earthquakes […]
Peak Re adds China / India parametric quake to second Black Kite Re catastrophe bond
Hong Kong headquartered global reinsurance company Peak Re is back in the catastrophe bond market, with a target to secure $50 million or more in retrocession from this Black Kite Re Limited (Series 2025-1) issuance across a broader range of perils than its first cat bond covered. Peak Re’s debut catastrophe bond in 2022 secured the company […]
SCMP: Magnitude 8 earthquake risk on rise in China and surrounding regions, study warns
As the world reels from the aftermath of the Myanmar earthquake, seismologists have warned there is a heightened danger of further disasters. FULL ORIGINAL PUBLICATION HERE
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