CNBC: Catastrophe bond sales are having a major moment
Key Points: FULL ORIGINAL PUBLICATION HERE
California utility LADWP seeks third wildfire cat bond, up to $150m 123 Lights Re
The Los Angeles Department of Water and Power (LADWP), the largest municipal utility operating in the United States, has returned to the catastrophe bond market for its third time, seeking up to $150 million of wildfire protection from a 123 Lights Re Ltd. (Series 2025-1) issuance, Artemis has learned. Previously, the Los Angeles Department of Water and […]
UK ILS reforms more likely to take activity from other jurisdictions than generate net-new: Fitch
The recently announced consultation on reforming the United Kingdom’s insurance-linked securities (ILS) risk transfer regulations is more likely to result in activity being taken by the UK that would have been booked in other jurisdictions, than to generate net-new ILS business, commentary from Fitch Ratings states. Fitch has commented on the UK government proposals to […]
Issuance of multi-country cat bonds can help Southeast Asia manage disaster costs: OECD
A recent paper authored by Kensuke Molnar-Tanaka, OECD Development Centre and Yang-Che Wu, Feng Chia University explores how the issuance of multi-country catastrophe bonds can enhance disaster cost management in Southeast Asia. The study, titled “Disaster risk-sharing pools and multi-country catastrophe bonds in Southeast Asia” highlights how many countries across Southeast Asia are prone to disasters and […]
Cat bonds a promising strategy to help keep climate risks insurable: KPMG
In a recent report on the threat flood disasters pose to the Netherlands as a country particularly vulnerable to climate risks, KPMG highlights the potential for catastrophe bonds to be an instrument that can help in maintaining the insurability of climate risks in an increasingly challenging environment. The KPMG researchers note that flood events that […]
Debut cat bond key for Flood Re to “respond to the consequences of global climate risks”
Flood Re, the state-backed flood reinsurance pool in the United Kingdom, saw its entry to the insurance-linked securities (ILS) market with its debut catastrophe bond this year as key for it to “respond to the consequences of global climate risks” as it grapples with rising risks. Flood Re sees itself as “more than a reinsurance […]
BIS: Incorporating physical climate risks into banks’ credit risk models
Summary Focus The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, has agreed to prioritise further analysis on the financial risk implications of extreme weather events and tasked the Basel Committee with analysing the impact of such events on financial risks. However, a […]
World Bank panel highlights ‘astronomical growth’ of cat bond market
The catastrophe bond market is undergoing a dramatic transformation, marked by record-breaking growth, expanding risk coverage, and rising global participation. These themes were explored by industry leaders during a panel session at the World Bank’s Innovating for Impact: Scaling Outcome Bonds and Catastrophe Bonds event in Luxembourg. Moderated by Alexandre Delacroix, Executive Director at reinsurance broker Gallagher […]
IDB targets capital markets to expand disaster risk coverage across LatAm & Caribbean
The Inter-American Development Bank (IDB) and IDB Invest have unveiled a major expansion of disaster risk financial instruments designed to enhance the use of reinsurance and the capital markets for risk transfer across Latin America and the Caribbean. Central to this initiative is a newly launched Regional Disaster-Risk Transfer Program that facilitates sovereign access to […]
Grenada renews CCRIF SPC parametric insurance policies for 25/26
The Government of Grenada has confirmed the renewal of the country’s annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roughly USD 1.828 million, plus applicable fees. This renewal ensures the Caribbean country remains protected under the facility’s parametric policies for […]