More details on the Kyrgyz Republic & Tajikistan catastrophe bonds from the ADB
The Asian Development Bank (ADB) has its first catastrophe bond offerings in the market, with two $75 million issuances that each target parametric earthquake and extreme precipitation disaster risk financing from the capital markets for the Kyrgyz Republic and Tajikistan. We revealed on Friday that the first catastrophe bonds to be offered by and set to be issued […]
ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
Alternative / ILS reinsurance capital grew 18% to $136bn in 2025: Aon
Alternative or third-party reinsurance capital, so that deployed through insurance-linked securities and related collateralized structures, grew by 18% over the course of 2025 and 10% just in the fourth-quarter to reach a record $136 billion at the end of the year, according to the latest estimate from broker Aon. In a just released new report […]
Plenum urges European Commission not to adopt ESMA’s UCITS cat bond recommendation
Plenum Investments, the Zurich based specialist catastrophe bond and insurance-linked securities (ILS) investment manager, has published a position paper clearly communicating its thoughts on the European Securities and Markets Authority (ESMA) recommendation regarding cat bond eligibility under the UCITS investment framework. Recall that, the European Securities and Markets Authority (ESMA) made a recommendation in June 2025 to […]
HKIA reforms seen strengthening Hong Kong’s reinsurance hub status: AM Best
A new AM Best report suggests that proposed changes to how the Hong Kong Insurance Authority (HKIA) assesses non-life insurers’ capital requirements, particularly for natural catastrophes, man-made risks, and offshore reinsurance business, could strengthen Hong Kong’s position as a global hub for reinsurance and risk management. According to the rating agency, Hong Kong’s direct non-life […]
Proposal calls for government backed reinsurer US Re, to hold catastrophe risk at lowest cost
A proposal has been published today calling for the establishment of a United States government backed reinsurance entity named US Re, which would be designed to assume natural catastrophe risks at the most extreme tail of the loss distribution, holding catastrophe risk at the lowest cost possible. The proposal made by the Hamilton Project at […]
ABIR and Insurance Ireland call for regulatory changes to strengthen EU securitisation market
The Association of Bermuda Insurers and Reinsurers (ABIR), an industry association representing Bermuda’s international insurers and reinsurers, and Insurance Ireland, the representative body for the Irish insurance sector, are urging European Union policymakers to make regulatory adjustments to the EU securitisation framework. According to the organisations, such changes would allow proven and well-regulated insurers from […]
IFSCA to send SPI sidecar proposals to Indian government: Chairman K. Rajaraman
The International Financial Services Centres Authority (IFSCA) will be sending proposals to the Government of India regarding the regulator’s proposed framework that would allow re/insurers to set up reinsurance sidecars in a special purpose insurance (SPI) framework, Chairman K. Rajaraman announced at the Global Conference of Actuaries 2026 earlier this week. IFSCA’s SPI framework was […]
Malta eases accounting requirements for reinsurance special purpose vehicles
Malta has streamlined the accounting requirements for Reinsurance Special Purpose Vehicles (RSPVs), a move expected to significantly bolster the country’s insurance-linked securities (ILS) market. According to Malta-based law firm Ganado Advocates, these changes offer a more proportionate regulatory environment for complex risk vehicles. For context, Malta introduced regulatory frameworks for RSPVs and securitisation several years ago. The […]
Addressing widening protection gaps with public-private insurance programmes: GA
With disaster risks accelerating faster than societies can adapt and protection gaps widening, well-designed public-private insurance programmes (PPIPs) aligned with national resilience strategies can strengthen risk reduction, according to a recent report by the Geneva Association. The report highlighted that natural and man-made disasters are becoming more frequent, more costly, and harder to absorb. These […]