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 […]
Cat bonds a promising strategy to help keep climate risks insurable: KPMG
In a recent report on the threat flood disasters pose to the Netherlands as a country particularly vulnerable to climate risks, KPMG highlights the potential for catastrophe bonds to be an instrument that can help in maintaining the insurability of climate risks in an increasingly challenging environment. The KPMG researchers note that flood events that […]
Federal Catastrophe Reinsurance bill resurrected, cat bond support still highlighted
Legislation that calls for a Federal Catastrophe Reinsurance Program to be established has been resurrected in the United States Senate, with more support this time around and still a section of the INSURE Act highlighting the importance of capital markets alternatives to reinsurance, such as catastrophe bonds. The INSURE Act, or the Incorporating National Support […]
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 […]
ILS helps absorb the megaton risks insurers can’t carry alone: MLC
As climate-driven disasters continue to intensify globally, insurance-linked securities (ILS) are being positioned not only as a source of uncorrelated returns but as essential social infrastructure, according to Gareth Abley and Jehan Sukhla, Co-Heads of Alternatives at MLC Asset Management. In a report authored by Abley and Sukhla, the pair note: “One of the reasons […]
Supercede introduces free Lloyd’s SRS return automation following Cohort 14
Supercede, the reinsurance technology platform, has introduced a new feature that automates the production of Lloyd’s Syndicate Reinsurance Structure (SRS) returns. The feature was developed following Supercede’s involvement in Cohort 14 of the Lloyd’s Lab Accelerator, which included a focus on enhancing reinsurance workflows for the Lloyd’s market. Addressing a commonly cited bottleneck in the […]