Stone Ridge backs $100m retro cyber quota share for Hannover Re
Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, including reinsurance and insurance-linked securities (ILS), has provided US $100 million in capital to support an innovative retrocession cyber quota share arrangement for global reinsurance firm Hannover Re. Hannover Re claims this is the first transfer of cyber risks to […]
Cat bond market’s use of industry loss triggers likely to persist: Johansmeyer, PCS
As the catastrophe bond market continues to deal with the effects of the 2022 Atlantic hurricane season, Tom Johansmeyer, Head of PCS, Verisk Insurance Solutions, expects demand for industry loss triggers to persist for some time. “Given the impacts of Hurricane Ian on the market and the fact that they will continue through 2023, use […]
UCITS catastrophe bond funds only fall -2.3% on average in 2022, despite Ian
Catastrophe bond funds in a UCITS format only fell to a -2.3% negative annual return for 2022, according to the average weighted index of the Plenum CAT Bond UCITS Fund Indices. Despite the negative performance for the full-year, this cat bond fund index shows a strong recovery since hurricane Ian, as well as a reasonable level […]
One of the best entry points for investors in decades: Twelve Capital’s Ramseier
The global insurance and reinsurance market, including insurance-linked securities (ILS), currently offers “one of the best entry points for investors in decades” according to Twelve Capital CIO and Founding Partner Urs Ramseier. Writing in a letter to investors, Urs Ramseier explains that the insurance and reinsurance markets have faced and continue to face multiple risks, […]
Great Wall Re cat bond issued in Hong Kong for PICC P&C
Chinese domestic insurer PICC Property and Casualty Company Limited has sponsored a $32.5 million Great Wall Re Limited deal to provide it with earthquake reinsurance in the third catastrophe bond issuance to be domiciled in and issued out of the Hong Kong market. PICC P&C set up Great Wall Re as a special purpose insurer (SPI) […]
Great Wall Re catastrophe bond issued in Hong Kong for PICC P&C
Hong Kong now has its third catastrophe bond, after Chinese domestic insurer PICC Property and Casualty Company Limited sponsored a $32.5 million Great Wall Re Limited deal, to provide it with earthquake reinsurance in China. We reported earlier this week that the third catastrophe bond transaction to be issued out of Hong Kong was in the […]
Third Hong Kong catastrophe bond “in the pipeline”
The third catastrophe bond transaction to be issued out of Hong Kong is now “in the pipeline” according to the Chairman of the Hong Kong Insurance Authority. One of the key initiatives for the regulator in 2022 has been to improve the attractiveness of Hong Kong as a platform for the issuance of insurance-linked securities […]
California earthquake to cause $600m of economic loss in Humboldt County: RMSI
According to global GIS and geospatial technology company, RMSI, a 6.4 magnitude earthquake that jolted the northern coast of California near Ferndale on 20 December is set to cause $600 million of economic loss in Humboldt County. RMSI states that the earthquake occurred in the vicinity of the Mendocino triple junction, where the Pacific, North […]
Использование Производных страховых инструментов (ILS) для устойчивого развития критической инфраструктуры транзитных стран инициативы «Пояс и Путь»
НАЖМИТЕ НА КАРТИНКУ ДЛЯ ПРОЧТЕНИЯ Глава из коллективной монографии Института Бизнеса БГУ Коллективная монография, подготовленная международным коллективом учёных, посвящена анализу различных аспектов устойчивого развития общества: экологическим, рыночным, социальным, информационным, технологическим, транспортным и ряду других. Одним из центральных аспектов издания является интеграционная компонента устойчивого развития различных секторов экономики разных государств для нашего общего будущего. Издание рекомендуется […]
TWIA will look to renew cat bonds early, due to reinsurance market conditions
The Board of the Texas Windstorm Insurance Association (TWIA) is being urged to enter the catastrophe bond market and plan for a renewal of expiring Alamo Re notes sooner than normal, as market conditions could make the placement more challenging. TWIA’s reinsurance broker Gallagher Re has urged the Board of the residual market insurance entity […]