Cat bond market momentum positions 2025 for exceptional year of issuance: Swiss Re
Catastrophe bond market momentum is anticipated to continue through the second-half of 2025, which added to a significant record set for the first-half leads Swiss Re Capital Markets to say the cat bond sector is positioned for an exceptional year of issuance. Publishing its H1 2025 ILS Market Insights report today, Swiss Re Capital Markets […]
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 […]
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 […]
UK Gov confirms new cat bond, ISPV timelines. Launches new consultation to enhance ILS regime
The Government of the United Kingdom has confirmed new authorisation targets for new insurance special purpose vehicle (ISPV) applications, as well as a 10-day target for certain insurance-linked securities (ILS) arrangements, while also launching a new consultation on a more flexible and extended risk transformation regime. As we reported back in November 2024, the UK’s Prudential […]
UK Government confirms plans for captive insurance regime
In the wake of a consultation on the creation of a captive regime in the UK, the UK Government, working closely with the financial regulators, has announced that it intends to proceed with the introduction of a new UK captive insurance framework. The government’s view is that a new captive insurance framework will help cement […]
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 […]
Cat bond pricing in neutral zone, with 8.5% expected return in sight for 2025: Lane Financial
Catastrophe bond pricing remains firmly in the “neutral zone” according to the latest analysis from consultancy Lane Financial LLC, but the firm maintains its prediction that the market is still on-track for an expected 8.5% total return in 2025. Lane Financial had forecast earlier this year after Q1 that catastrophe bonds had the potential to deliver […]