Nepal government approves World Bank earthquake cat bond mandate agreement
According to reports from Nepalese news sources, the country’s government Council of Ministers has approved signing a Mandate Agreement for the Nepal Earthquake Catastrophe Bond project with the World Bank. Back in July, we reported that the World Bank had begun working on a proposed project to deliver a parametric earthquake catastrophe bond for Nepal, […]
Hannover Re targets $200m seventh Acorn Re parametric US earthquake cat bond
Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned. As seen with all six of the previous Acorn Re parametric catastrophe bonds, this new seventh […]
PICC P&C’s new Great Wall Re catastrophe bond said to be a $12m issuance
We’ve learned that the new Great Wall Re Limited catastrophe bond issuance is $12 million in size, so presumably will provide an equivalent amount of capital markets backed reinsurance to the sponsoring Chinese domestic insurer, PICC Property and Casualty Company Limited. On Monday we revealed that PICC Property and Casualty Company Limited appeared to have […]
UCITS catastrophe bond funds keep growing, near $21.8bn combined AUM after September
Catastrophe bond funds structured in the UCITS format have now added more than $2.5 billion of assets in 2026 so far, with the sector nearing $21.8 billion of combined assets under management by the end of September 2026. Even through the hurricane season months when new issuance of catastrophe bonds tends to come to a […]
CalPERS wants to increase ILS investments to contribute to climate solutions goal: Bloomberg
The California Public Employees’ Retirement System, or CalPERS as it is better known, is exploring ways to increase its exposure to insurance-linked securities, which are seen as one asset class that can contribute towards its goal to invest $100 billion in climate solutions by 2030, according to a Bloomberg report. CalPERS is one of the […]
Economics of ILS and appetites of investors change with the reinsurance cycle: Moody’s
In a recent report, Moody’s Ratings highlights how the economics of catastrophe bonds and insurance-linked securities change over time, driven by the softening global reinsurance market cycle. The end-result is more risk being assumed for less return, but as long as ILS manager’s maintain discipline, there is no cause for concern at this stage. Reinsurance […]
Third-party capital more than just complementary capacity for Hannover Re: Althoff
Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re. Althoff made these remarks during a recent webinar briefing presented […]
PICC P&C appears to have returned for its second Great Wall Re catastrophe bond
Chinese domestic insurer PICC Property and Casualty Company Limited seems to have returned to sponsor its second catastrophe bond using its Hong Kong domiciled special purpose insurer Great Wall Re Limited, as information of a new tranche of notes has appeared albeit with very limited details available at this time. According to securities market data […]
APAC ILS and parametric markets poised for growth as capital needs shift: Marsh Re’s Gallagher
While both the insurance-linked securities (ILS) and parametric markets remain nascent in parts of Asia-Pacific compared to other regions, the potential to expand is clear, leading broker Marsh Re’s APAC Chief Executive Officer (CEO), Tony Gallagher, to forecast that these markets will build out. Speaking to Artemis at this year’s Rendez-Vous de Septembre in Monte […]
Dependable exit mechanisms the key breakthrough in casualty ILS: Strategic Risk Solutions
Strategic Risk Solutions, an independent provider of insurance, reinsurance and captive management and consulting services, suggests that casualty ILS will breakthrough when platforms offer dependable exit mechanisms providing investors entering longer-tail risk with greater certainty, by embedding capital finality from inception. The broader insurance-linked securities (ILS) market continues to evolve from a position of substantial […]