Insurance Authority welcomes Silk Road Re cat bond, sixth under Hong Kong ILS regulations
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest and sixth catastrophe bond under its insurance-linked securities (ILS) regulatory regime, saying the US $35 million Silk Road Re Limited cat bond sponsored by Taiping Re reinforces its commitment to the sector. As we’ve been reporting, Taiping Re secured a three-year source of fully-collateralized retrocessional […]
Flood drives 78% of $18.2bn major non-US international cat losses in 2024: CRESTA
The CRESTA organisation, which tracks catastrophe events outside the United States that have generated insurance industry losses of over US $1 billion, has reported the 2024 annual total as reaching US $18.2 billion, of which 78% came from flood events. Aggregate insured losses from non-US catastrophe loss events came in slightly below the long-term average […]
Galapagos Capital gets SUSEP authorisation for SSPE structure to issue ILS in Brazil
Galapagos Capital has now received the expected official authorisation from Brazil’s insurance regulator SUSEP to establish its own Sociedades Seguradoras de Propósito Específico (SSPE), a special purpose reinsurance vehicle that can issue Letra de Risco de Seguro (Insurance Risk Letters), which are insurance-linked securities (ILS). The move puts Galapagos Capital on track to achieve its […]
European System for Natural Catastrophe Risk Management & Re/Insurance
FULL ORIGINAL PUBLICATION HERE
Galapagos Capital pre-authorised for structure to issue ILS in Brazil
Galapagos Capital, a global investment company headquartered in Brazil that offers a range of investment management, banking and financial services, has received pre-authorisation from the insurance regulator SUSEP to establish an issuer of Letra de Risco de Seguro (Insurance Risk Letters), which are Brazil’s own type of insurance-linked securities (ILS). Galapagos Capital aims to become […]
ILS market M&A consolidation can help attract more institutional capital: Stonybrook
The insurance-linked securities (ILS) market should become more streamlined and professionalised if mergers and acquisitions (M&A) consolidate players, which Stonybrook Capital believes can help in attracting more institutional capital to the sector. Stonybrook Capital, a specialist strategic advisory and investment banking firm focused exclusively on the insurance and reinsurance industry, comments on trends in insurance-linked […]
Bloomberg: Catastrophe-Bond Issuance Pushes Overall Market to Almost $50 Billion
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Aon poll: 15% of US insurers say ILS / third-party capital feature in their 2025 plans
A recent poll of insurers in the United States, undertaken by broker Aon’s Capital Advisory division, found that within those carriers’ capital management plans for 2025, insurance-linked securities (ILS) and third-party reinsurance capital solutions are a significant feature. With the market having been challenging for a number of years, but insurers responding with a growth […]
Cat bond Index returns 40% in two years. Investor demand may tighten spreads: Twelve Capital
Specialist investment manager Twelve Capital has highlighted another stunning year for the catastrophe bond market, pointing out that the Swiss Re cat bond Index has returned 40% in just two years, but also sharing a note of caution that further spread tightening is possible with investor demand elevated for the asset class. Reviewing 2024, Twelve […]
Brazil authorises first ILS structure Andrina, sponsored by reinsurer IRB Re
The Brazilian insurance regulator SUSEP has now authorised the first insurance-linked securities (ILS) structure in the country, with Andrina sponsored by IRB Re and now approved to issue Letra de Risco de Seguro (Insurance Risk Letters), which is the name for the insurance-linked notes a Brazilian ILS structure can issue to be sold to investors. […]