Peak Re’s new Black Kite Re cat bond signals growing maturity of Hong Kong ILS platform
Hong Kong’s Insurance Authority (IA) has welcomed the recent issuance of the latest catastrophe bond sponsored by Peak Re, the US $50 million Black Kite Re Limited (Series 2025-1) transaction, while also noting that the deal represents a sign of the maturity under its insurance-linked securities (ILS) regulatory regime. As we’ve been reporting, Peak Re secured a three-year […]
Hong Kong government can encourage investors by allocating to ILS products, says FSDC
As Hong Kong continues to focus on developing insurance-linked securities (ILS) as a key market segment, a position paper from advisory body the Financial Services Development Council states that further integrating ILS products into its own investment portfolios would help the government encourage investors to consider allocating to the asset class. So far there have […]
FT: Protectionism will help push up insurance prices, says Lloyd’s of London chief
John Neal warns geopolitics and regulatory requirements will add to cost of policies. FULL ORIGINAL PUBLICATION HERE
Hong Kong ILS Grant Scheme to be extended again, this time by three years
The government of Hong Kong is budgeting for a further three year extension to its Pilot ILS Grant Scheme, as the Special Administrative Region continues to target bringing catastrophe bond and insurance-linked securities (ILS) issuance to its financial market. Hong Kong aims to continue developing its still nascent insurance‑linked securities (ILS) market, with attracting issuers […]
EU public-private reinsurance scheme would play ‘active role’ in narrowing protection gap: Morningstar
Mario De Cicco, Vice President of Global Insurance & Pension Ratings, and Marcos Alvarez, Managing Director of Global Financial Institution Ratings at Morningstar, a provider of independent investment research and financial data, explore the growing insurance protection gap in Europe caused by climate-driven natural catastrophes. Drawing on insights from the European Insurance and Occupational Pensions Authority […]
SBAI releases new consultation on valuation standards for private market asset managers
The Standards Board for Alternative Investments (SBAI), custodian of the Alternative Investment Standards, has announced that it has published a new consultation paper (CP5), containing proposed new standards related to valuation of private market assets. According to the announcement, SBAI’s proposed changes aim to ensure that the Standards “remain relevant and aligned with developments across […]
AXCO: Is ILS regulation keeping pace?
The catastrophe bonds (cat bonds) market, the vast majority of the insurance-linked securities (ILS), has experienced substantial growth in recent decades, driven by increased (re)insurer demand for alternative risk transfer solutions and investor appetite to diversify their investment portfolios. According to market statistics, cat bonds issuance increased more than sevenfold between 2003 and 2023. There […]
UK ILS regime changes a priority for competitiveness & growth: PRA CEO Woods
With the consultation on reforms to the UK’s insurance special purpose vehicle (ISPV) regulatory regime underway, Sam Woods, the CEO of the Prudential Regulation Authority (PRA) has highlighted this as a priority for driving competitiveness and growth. As we reported back in November, the consultation on reforms for the insurance special purpose vehicle (ISPV) regulatory regime, […]
Lloyd’s reaches $1.92bn of capital deployed through London Bridge ILS platform
The Lloyd’s insurance and reinsurance market has reported that its London Bridge risk transformation and insurance-linked securities (ILS) platform has now seen $1.92 billion of capital deployed through its cells, with $2.55 billion of capital committed. This new capital deployment milestone for the London Bridge platform was reached at the end of 2024. In total, […]
BSX maintains position as ILS listings leader, with ~92% of cat bond market
The Bermuda Stock Exchange (BSX) has maintained its position as the leading exchange in the world for the listing of insurance-linked securities (ILS) instruments in 2024, with roughly 92% of outstanding catastrophe bond issuance finding a home there as of the end of the year. In the catastrophe bond and related private ILS space, the […]
