Parametric regional risk pools get Global Shield support to deepen collaboration
The main four parametric disaster insurance risk pools have signed a grant agreement with the Global Shield Solutions Platform (GSSP) to help them accelerate and deepen their collaboration, something which could have implications for how they transfer risk to reinsurance and potentially capital markets. Back in 2023, the African Risk Capacity Limited (ARC), Caribbean Catastrophe […]
Parametric expanding in Africa and ILS markets – GC&C’s Edwards Simon Edwards leads parametric underwriting at Generali Global Corporate & Commercial (GC&C) in the UK, including an expanding partnership with Descartes Underwriting. FULL ORIGINAL PUBLICATION HERE
IDB to support LatAm & Caribbean countries on cat bonds & cat swaps
The Inter-American Development Bank (IDB) has announced plans to support Latin American and Caribbean nations in issuing catastrophe bonds and swaps, as part of a broader initiative aimed at strengthening financial resilience against natural disasters. This comes as the IDB recently launched its Ready and Resilient Americas program, a regional effort designed to improve disaster […]
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
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
CEA revises cat bond issuance guidelines, says April reinsurance renewal a success
The Governing Board of the California Earthquake Authority (CEA) approved a revision to its guidelines for engaging in catastrophe bond risk transfer to the capital markets this week, while also noting a successful reinsurance renewal at April 1st, saying it secured favourable pricing and limit. The California Earthquake Authority (CEA) is a significant buyer of […]
Cat bonds move up to contribute 32% of CEA’s smaller still $7.72bn reinsurance tower
As the California Earthquake Authority (CEA) risk transfer needs have been adjusting and its reinsurance tower shrinking, catastrophe bonds now make up almost 32% of the total as of February 28th 2025. The CEA’s risk transfer tower had sat at just over $9.15 billion of limit as recently as following the June 2024 reinsurance renewal season, but […]
Florida State Board considers specialty, casualty, cyber ILS opportunities
Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator. The Florida State Board of […]
New capital, coupons, cash from maturities. All drive strong cat bond execution in 2025
The catastrophe bond market has seen very attractive execution on behalf of sponsors so far this year, with a number of factors driving this that have all resulted in abundant capital being available to settle new cat bond issuances, typically at larger sizes and lower pricing. As we’ve explained, new catastrophe bond issuance in 2025 […]