EFAMA says cat bonds a “precious diversifier”, UCITS eligibility should remain unchanged
The European Fund and Asset Management Association (EFAMA) has urged European Union policymakers to leave the status of catastrophe bonds unchanged in the UCITS Eligible Assets Directive (EAD), calling the asset class a “precious diversifier” and saying that “limiting asset choice within UCITS per se is not in investors’ best interest.” EFAMA, a trade association […]
Morocco targets regulatory framework for insurance securitization, including cat bonds
The government of Morocco is now aiming to prepare a regulatory framework to allow for the securitization of insurance risks, including through catastrophe bonds, as the country seemingly aims to support issuance as well as to be a beneficiary of risk transfer to the capital markets. Morocco’s ministry of finance published its Finance Bill for […]
EU Commission proposes climate resilience framework, highlights cat bonds & reinsurance
The European Commission has called for a new climate resilience framework to strengthen Europe’s ability to anticipate, prepare for, and manage climate risks. The initiative calls for the establishment of a Climate Insurance Alliance, to improve coverage, drive risk prevention and encourage greater use of reinsurance and catastrophe bonds to close protection gaps. According to […]
ADB aims to expand catastrophe bond usage across Asian regions: Kessler
The Asian Development Bank (ADB) is actively promoting catastrophe bonds for sovereign disaster risk financing across the region, but Thomas Kessler noted last week that this will require cooperation across governments, research and modelling institutions, insurers and the ILS investor base. Speaking in Bermuda at the Convergence 2026 conference last week, Thomas Kessler, Principal Disaster […]
World Bank confirms signing of Nepal quake catastrophe bond mandate
The World Bank has now confirmed that it has partnered with Nepal to explore the issuance of a parametric earthquake catastrophe bond for the country. The World Bank confirmed that it and Nepal have signed a mandate agreement to explore the development of a catastrophe bond, which would be designed to enable Nepal to access […]
Nepal government approves World Bank earthquake cat bond mandate agreement
According to reports from Nepalese news sources, the country’s government Council of Ministers has approved signing a Mandate Agreement for the Nepal Earthquake Catastrophe Bond project with the World Bank. Back in July, we reported that the World Bank had begun working on a proposed project to deliver a parametric earthquake catastrophe bond for Nepal, […]
African Risk Capacity Ltd promotes Muthengi to Chief Underwriting Officer
African Risk Capacity Ltd., the financial affiliate and parametric insurance underwriting entity of the African Risk Capacity (ARC) Group, has promoted Jackline Muthengi to Chief Underwriting Officer (CUO). Muthengi has strong actuarial expertise and a deep background across underwriting, reinsurance, pricing, product development, insurance regulation and risk management. Muthengi has been with African Risk Capacity […]
Brazil’s SUSEP proposes LRS reforms, cat bonds, parametrics for catastrophe protection
Brazil’s regulator the Superintendence of Private Insurance (SUSEP) has published a range of proposals designed to bolster the country’s financial and insurance protection against natural catastrophes, with reforms and further developments in insurance-linked securities (ILS) set to be part of the continuing discussions. Having convened a working group of industry, regulatory bodies and experts to […]
QJS status could further enhance Cayman’s ILS and reinsurance appeal: Premier Ebanks
During a recent media briefing, Hon. Andre Ebanks, MP, Premier & Minister for Financial Services and Commerce, highlighted how the Cayman Islands’ application for US National Association of Insurance Commissioners (NAIC) Qualified Jurisdiction Status (QJS) could further boost the territory’s appeal for ILS, while also creating opportunity for the island to mature in the reinsurance […]
PCC structure will be a game changer for Singapore’s ILS landscape: Rajah & Tann’s Goh
As Singapore continues to work on plans to adopt a regulatory framework for a Protected Cell Company (PCC) structure to support collateralised reinsurance and ILS issuance, Simon Goh of law firm Rajah & Tann Singapore, has expressed how this flexible structure could ultimately become a game changer for the country’s captive insurance and ILS landscape. […]