More details on the Kyrgyz Republic & Tajikistan catastrophe bonds from the ADB
The Asian Development Bank (ADB) has its first catastrophe bond offerings in the market, with two $75 million issuances that each target parametric earthquake and extreme precipitation disaster risk financing from the capital markets for the Kyrgyz Republic and Tajikistan. We revealed on Friday that the first catastrophe bonds to be offered by and set to be issued […]
ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
Alternative / ILS reinsurance capital grew 18% to $136bn in 2025: Aon
Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon. In a just released new report […]
Lagos State secures up to US$7.5m parametric flood insurance coverage
The Lagos State government has contracted a parametric flood-risk insurance policy in the Nigerian insurance market, which is designed to protect up to 4 million vulnerable people, providing up to USD 7.5 million for flood response and recovery. The policy’s activation marks a major milestone for the Tripartite Agreement Programme, which aims to build developing […]
APRA warns climate pressures could widen Australia’s home insurance protection gap
The Australian Prudential Regulation Authority (APRA) has released its Insurance Climate Vulnerability Assessment (Insurance CVA), a prudential stress test showing how climate-driven pressures on insurance premiums could significantly widen the home insurance protection gap and weaken the resilience of Australia’s financial system. APRA’s Insurance CVA examined how home insurance coverage may fall under two severe […]
Proposal calls for government backed reinsurer US Re, to hold catastrophe risk at lowest cost
A proposal has been published today calling for the establishment of a United States government backed reinsurance entity named US Re, which would be designed to assume natural catastrophe risks at the most extreme tail of the loss distribution, holding catastrophe risk at the lowest cost possible. The proposal made by the Hamilton Project at […]
Healthcare of Ontario Pension Plan ILS allocation value rises 9% in 2025, to US $1.44bn
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, saw its investment allocation to insurance-linked securities (ILS) rising in value by approximately 9% in 2025, lifting its ILS portfolio to approximately US $1.44 billion. The now CAD $132 billion pension fund has been allocating to the insurance-linked securities (ILS) asset class, […]
CalPERS ILS investments hit $1.451bn at YE 2025, with Tangency, Integral, Swiss Re allocations
CalPERS, the largest public pension fund in the United States, ended 2025 with its investments in catastrophe bond and insurance-linked securities (ILS) fund strategies amounting to $1.451 billion, with allocations in place with Tangency Capital, Integral ILS and Swiss Re’s SRILIAC. The California Public Employees’ Retirement System, or CalPERS, is one of the largest institutional […]
CEA risk transfer limit grows slightly to $7.912bn, with catastrophe bonds now 36%
The California Earthquake Authority’s (CEA) reinsurance program grew slightly to include limit of $7.912 billion at the end of 2025, while the catastrophe bond market was providing its largest share of the risk transfer tower ever, at 36% of total limit. In recent year’s, the California Earthquake Authority’s (CEA) need for risk transfer, which it […]
Parametric pools ARC, CCRIF, PCRIC, SEADRIF to explore joint reinsurance platform
The main four parametric natural disaster insurance risk pools have committed to a unique collaboration, which will see them explore the creation of a joint risk finance and reinsurance platform. This initiative, aimed at expanding global climate risk protection, brought together representatives from African Risk Capacity Ltd. (ARC), CCRIF SPC, SEADRIF Insurance Company, and the […]