China regulator calls for domestic re/insurers to sponsor sidecars in Hong Kong
Chinese financial markets regulator the National Financial Regulatory Administration (NFRA) has issued guidance for domestic China market insurance and reinsurance companies to sponsor collateralised sidecar structures out of Hong Kong. Continuing to recognise the potential benefits to the domestic China insurance market of accessing third-party investor sources of international capital to fund growing reinsurance needs, […]
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address the region’s needs. [SINGAPORE] The Monetary Authority of Singapore (MAS) has refreshed its insurance-linked security (ILS) grant scheme to offset issuance costs, encourage broader market participation and innovation, and support the growing demand […]
Singapore to extend ILS grant scheme to cover non-APAC cat bond risks again
Having made its insurance-linked securities (ILS) grant scheme more restrictive back in 2023, to only offer the grant to catastrophe bonds or ILS covering regional risks from Asia Pacific, Singapore is reversing that move and expanding the ILS grant offering once again to cover cat bond risks from other locations around the globe, it appears. […]
ESMA UCITS cat bond issue “a kind of power struggle between national regulators” – Plenum’s Grieger
With some months now passed since the ESMA recommendation regarding the eligibility of catastrophe bonds within UCITS investment fund structures, Daniel Grieger of Plenum Investments has highlighted how national regulators are not all in agreement. The European Securities and Markets Authority’s (ESMA) made a recommendation in June to the European Commission not to allow catastrophe bonds as […]
BMA strengthens Bermuda’s position in innovative insurance solutions
The Bermuda Monetary Authority (BMA), Bermuda’s integrated regulator and supervisor for the financial services sector, continues to drive innovation in the Insurance Linked Securities (ILS) market. The BMA highlights that Bermuda’s ILS market is built on a foundation of prudence and practicality, underpinned by a regulatory framework designed to respond to the evolving needs of […]
APRA refines proposals on cat bonds and ILS, including removing reinstatement requirement
The Australian Prudential Regulation Authority is moving forward with its process to ease access to alternative reinsurance solutions in the country, including insurance-linked securities (ILS), with one updated proposal now being to remove the requirement for a reinstatement completely for instruments like catastrophe bonds. As we reported back in November 2024, the Australian Prudential Regulation Authority […]
Bermuda’s BMA set to consult industry on new parametric SPI class: Convergence 2025
During a panel session earlier today at the ILS Bermuda Convergence 2025 conference, it was announced that the Bermuda Monetary Authority (BMA) is currently in the final stages of implementing a new special purpose insurer (SPI) class that will primarily focus on the use of parametric triggers. The announcement was made by Taijaun Talbot, Assistant […]
A vision for the future of UK ILS, Nylesh Shah, PRA: Artemis London 2025
This video features the opening keynote of the day at Artemis London 2025, a speech by Nylesh Shah of the Prudential Regulation Authority (PRA), from our fourth catastrophe bond and insurance-linked securities (ILS) conference in the City of London, UK, held on September 2nd 2025. Over 220 attendees joined our Artemis London 2025 conference to hear […]
Bank of England to explore potential for UK ILS iSPV structure in life risks and FundedRe
Discussing the FundedRe trend for UK life insurers and pensions to source offshore reinsurance for their risks, Vicky White, the Director for Prudential Policy at the Prudential Regulation Authority (PRA) of the Bank of England, has highlighted the UK ILS structure and regulatory regime as one way that patient capital could be sourced and brought […]
Cat bonds offer advantages over taxation for tackling rising disaster costs: OECD
A recent paper authored by Kensuke Molnar-Tanaka, OECD Development Centre and Hiroaki Sakamoto, Kobe University, explores how catastrophe bonds are being viewed as being more advantageous compared to taxation, when it comes to tackling the increasing rise in costs related to global natural catastrophe events. The study, titled “Financing the costs of disasters: Catastrophe bonds or […]