China’s State Council sees cat bonds as measure to strengthen insurance system
China is aiming to strengthen its insurance system, with a particular focus on the impacts of weather and natural disasters and its State Council, a key ruling body, has cited catastrophe bonds again, as one measure that can assist. Over the years, China’s State Council has repeatedly cited innovative risk transfer, alternative reinsurance capital and […]
Private ILS interest rising, enhances scope of investment options: Grandi, Twelve Capital
Interest in private ILS opportunities, so collateralised reinsurance and retrocession arrangements, has been rising and continues to, Marcel Grandi of Twelve Capital believes. He also thinks these instruments afford an investment manager more scope, in terms of investment options beyond catastrophe bonds and tailoring portfolios. Marcel Grandi, Head of ILS Sourcing at Zurich-headquartered insurance-linked securities […]
First ILS structure in Brazil could be Andrina Seguros from IRB RE
The first insurance-linked securities (ILS) structure under Brazil’s regulations for “Letra de Risco de Seguro”, or LRS which translates to Letter of Insurance Risk, could be named Andrina Seguros and sponsored by local reinsurance company IRB RE, according to a report. Brazil has designed its legislative and regulatory framework with domestic market activity first in […]
More Australian pensions deploy to ILS. Rest Super picks Twelve for cat bonds
More Australian pension super funds have begun allocating to insurance-linked securities (ILS), according to Bloomberg, as the publisher names Rest Super and Host Plus as allocating to the space. Artemis has learned that Rest Super has invested with manager Twelve Capital for catastrophe bonds. Rest Super is a pension and retirement super fund with around […]
Retro strategy differs for Big Four. Cyber cat bonds could be something they all agree on
While the retrocession strategies of Europe’s Big Four reinsurance companies may differ, the still relatively new retro option of sponsoring cyber catastrophe bonds may prove to be an area of commonality between them. It is AM Best that highlights the differences between the retrocession strategies of the four major European reinsurance giants, Hannover Re, Munich […]
Cambridge Associates ‘excited’ to add ILS capabilities with acquisition of SIGLO Capital Advisors
SIGLO Capital Advisors AG, a Swiss based alternative asset advisory specialist with an insurance-linked securities (ILS) practice, has reached an agreement to be acquired by Cambridge Associates, a global investment firm. Founded in 2010, SIGLO has around 40 asset management and advisory mandates on behalf of professional and institutional clients in Switzerland, and specialises in […]
Analyse the catastrophe bond maturity schedule, see when liquidity is coming
Catastrophe bond maturities are a significant source of liquidity and cash for the market, which is typically reinvested into new cat bond issues and as such the schedule of upcoming cat bond maturities is a key indicator for sponsors and broker-dealers, as well as cat bond investment fund managers. To help our readers understand what […]
Collateralized retrocession use up at global reinsurers, but retro cost put some buyers off: S&P
The use of collateralized retrocession limits has increased among the largest reinsurance companies as alternative capital continues to be a critical source of retro protection, but for some retro buyers the cost of coverage remains too high, S&P Global Ratings has said. In fact, across reinsurance companies analysed by S&P, their January 1st 2024 in-force […]
Jamaica’s Dr. Nigel Clarke proposed as IMF Deputy Managing Director
Dr. Nigel Clarke, the Minister of Finance of Jamaica and the driver of that country’s multi-layered approach to disaster risk financing that includes the first catastrophe bond for a small-island state has been proposed to become a Deputy Managing Director of the International Monetary Fund (IMF). Kristalina Georgieva, Managing Director of the IMF, announced her […]
Hannover Re’s cat bond fronting hits record level, collateralised ILS activity expands in H1 2024
Global reinsurer Hannover Re has seen continued success in its business servicing and facilitating transactions in the collateralised reinsurance and insurance-linked securities (ILS) market in the first-half of 2024, with it notably beating its own full-year record for catastrophe bond limit fronted for already this year. In recent years, Hannover Re has become one of […]
