Category: ILS for investors

HKEX and BSE Agree to Dual Listing of Stocks

The Hong Kong and Beijing stock exchanges signed a memorandum of understanding to support qualified companies to apply for listing on each other’s markets, opening the door for long-term cooperation between the two stock markets. Under the agreement, qualified companies traded on the Beijing Stock Exchange (BSE) can apply for flotation on the Hong Kong Stock Exchange (HKEX) and […]

Alternative reinsurance capital grows to new $100bn high: Aon

According to the latest data from insurance and reinsurance broker Aon, alternative reinsurance capital, largely deployed in insurance-linked securities (ILS) formats, has resumed growth and reached a new high of $100 billion. The catastrophe bond market has been the main contributor to insurance-linked securities (ILS) market growth through the start of 2023, the broker explained. […]

Catastrophe bond market breaks half-year issuance record

In advance of the end of the quarter, Artemis can now report that issuance of property catastrophe bonds in the first-half of 2023 will close out June at an all-time high for the period of almost $9.7 billion, which beats the full-year total from 2022 and sets a new record for any half-year of cat […]

Florida State Board could near double $1bn pension ILS allocation

The Florida State Board of Administration, which manages the huge and roughly $180 billion Florida Retirement System Pension Plan, looks set to increase the size of its allocation to insurance-linked securities (ILS). The move comes as laws have been changed in Florida to allow the state retirement system, which is one of the largest pension […]

Schroders Capital raises $70m to launch Coda cat bond fund for US investors

Schroders Capital has launched a new catastrophe bond fund that has been designed as an offering for US investors, raising $70 million from two clients earlier this month for the Schroders Capital Coda Fund. The Schroders Capital Coda Fund is an insurance-linked securities (ILS) fund domiciled in the Cayman Islands that allocates capital primarily to […]

An Italian cat bond “would be snapped up”, says Tenax Capital’s Figna

Speaking to a local Italian daily newspaper, Massimo Figna, founder and CEO of hedge fund manager Tenax Capital, explained that with insurance penetration extremely low, Italy would benefit from the use of catastrophe bonds, which he believes investors would “snap up.” Tenax Capital is a London-based investment manager that Figna founded and it offers a […]

ILS investors willing to take on more risk, if the price is right: Peel Hunt

Insurance-linked securities (ILS) investors appear ready and willing to take on more peak peril severity catastrophe risk, if the price is right, leading analysts at Peel Hunt to suggest the ILS market is primed for growth. Investors are looking for evidence that reinsurance is now rate-adequate, and that is what now needs to be proven […]

Alternative capital raises accelerate to ~$11bn YTD, says Berenberg

Having only a few weeks ago estimated that as much as $8 billion of alternative reinsurance and insurance-linked securities (ILS) capital had been raised year-to-date, analysts from investment bank Berenberg have now upped that amount to ~$11 billion. As a result, the analysts now believe that alternative and ILS capital flows into the insurance and […]

World Bank to build on catastrophe insurance solutions such as cat bonds

The World Bank Group said today that it intends to build on its already available catastrophe insurance solutions, such as catastrophe bonds, to make access to disaster risk financing without adding debt a reality for member countries. In announcing a new and comprehensive toolkit focused on supporting countries after natural disasters, the World Bank highlights […]