KKR sidecar assets and fees show importance of third-party capitalised reinsurance strategy
For KKR, with committed capital managed in life and annuity reinsurance sidecar structures under Global Atlantic rising rapidly for the investment giant in recent years, these third-party capitalised reinsurance strategies are an increasingly important component of the firm’s results. KKR has long explained the benefits to investors of insurance and reinsurance as an asset class, […]
UK becoming more competitive jurisdiction for insurance-linked investment: PRA’s Khan
With implemented and planned reforms to its insurance-linked securities regulatory regime, the United Kingdom is “becoming a more competitive jurisdiction for insurance-linked investment” according to Shoib Khan, Director, Insurance Supervision at the Prudential Regulation Authority (PRA) of the Bank of England. Speaking at a recent event in London, Khan explained that the updates planned and […]
Monetary Authority of Singapore details non-APAC risk features of refreshed ILS grant scheme
The Monetary Authority of Singapore (MAS) has now confirmed details of the refresh and extension of its insurance-linked securities grant scheme, with grants now available to cover some of the upfront costs of issuance for catastrophe bonds covering risks outside of the Asia Pacific region, as well as for other ILS arrangements. The refresh and […]
Bloomberg: Cat Bond Holders Digest ‘Black Swan’ Event Triggered by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed to trigger last year after Hurricane Beryl destroyed large parts of the island. The development sparked calls for a […]
World Bank Press Release: Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Pre-agreed parametric triggers reached for full payout based on storm’s central pressure and path WASHINGTON, NOVEMBER 7, 2025 — Following Hurricane Melissa, the Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage with the World Bank, backed by a catastrophe bond issued in 2024 by the World Bank (International […]
Jamaica to receive full $150m payout from parametric cat bond after Hurricane Melissa: World Bank
The World Bank has announced today that following the events of Hurricane Melissa, the Government of Jamaica will receive a full 100% payout of its $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond. Recall that the World Bank facilitated and supported the issuance of Jamaica’s $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond. As we reported on […]
Europe’s re/insurers turn to ILS and alternative capital amid market complexity: AM Best
At AM Best’s Europe Insurance Market & Methodology Briefing in London this week, analysts noted that insurers and reinsurers are managing capital more efficiently, with the growing role of insurance-linked securities (ILS) emerging as an increasingly important alternative capital strategy for risk management. During the event held on November 6th 2025, Timothy Prince, Director, Analytics […]
China regulator calls for domestic re/insurers to sponsor sidecars in Hong Kong
Chinese financial markets regulator the National Financial Regulatory Administration (NFRA) has issued guidance for domestic China market insurance and reinsurance companies to sponsor collateralised sidecar structures out of Hong Kong. Continuing to recognise the potential benefits to the domestic China insurance market of accessing third-party investor sources of international capital to fund growing reinsurance needs, […]
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address the region’s needs. [SINGAPORE] The Monetary Authority of Singapore (MAS) has refreshed its insurance-linked security (ILS) grant scheme to offset issuance costs, encourage broader market participation and innovation, and support the growing demand […]
First $20bn catastrophe bond year now in sight for 144A & private issuance tracked by Artemis
With the catastrophe bond market pipeline growing for the fourth-quarter, Artemis is on course to track its first $20 billion year of issuance in 2025, as our extensive and long-standing data set of Rule 144A and private cat bond transactions now has that milestone in sight. The $20 billion of issuance in a single calendar […]