Surge in cat bond market set to continue in 2021
The catastrophe bond market saw robust activity last year as new sponsors and tightening retrocessional reinsurance capacity helped buoy the sector, and the trend is expected to continue. Both the 2020 top line issuance of $11 billion of property cat bond limit placed and the fourth-quarter total of $3.7 billion were records, according to a […]
ILS is a growing part of the ESG mosaic, say industry experts
As responsible and sustainable investing continues to gain traction, the insurance-linked securities (ILS) asset class is expected to play an increasing role, but it’s important that the sector tells its own environmental, social and governance (ESG) story. This is according to ILS and reinsurance industry experts speaking recently at the virtually held SIFMA Insurance and […]
Cat bond to narrow Jamaica’s natural disaster financing gap: World Bank
Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap. As yet, the World Bank’s catastrophe bond for Jamaica has not come to market, but it is expected within the coming two […]
Hong Kong reveals insurance-linked securities (ILS) grant details
Hong Kong’s Insurance Authority (IA), the independent insurance and reinsurance regulator for the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China, has now published initial details of its insurance-linked securities (ILS) grant scheme. Back in February of this year, Financial Secretary of Hong Kong Paul Chan revealed plans for a […]
Education, liquidity, more perils to drive retail investor interest in ILS: SIFMA
Greater education around the insurance-linked securities (ILS) asset class, coupled with the development of a secondary market and the expansion into new perils, will help make ILS fund participation more attractive for sophisticated retail investors, according to industry experts. While institutional investors such as pension funds are a dominant force in the ILS fund space, […]
Singapore to reduce investment reporting & disclosure rules for ILS issuers
In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), […]
World Bank CAT DDO pays out $20m for La Soufrière volcanic eruption
The Governments of Saint Vincent and the Grenadines have received $20 million in disaster risk financing support from the World Bank to aid their recovery from the recent eruption of the La Soufrière volcano, after a catastrophe contingent line of credit was triggered. The eruption of the La Soufrière volcano on Saint Vincent has triggered […]
CCRIF targets further expansion of scope and risk transfer product range
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility), a parametric focused risk pooling and transfer facility for the Caribbean and Central America, is targeting further expansion in terms of its scope, as well as in terms of the range of risk transfer products it offers and to whom. The CCRIF began […]
First volcanic eruption cat bond issued for the Danish Red Cross
The very first catastrophe bond covering pure volcanic eruption risk has now been completed, with a $3 million privately placed issuance brought to market by Replexus and Howden Capital Markets and backed by leading cat bond investors for the Danish Red Cross. The catastrophe bond covers the risk of eruption of 10 volcanoes across three […]
Mieux connaître les titres liés à l’assurance (Insurance-Linked Securities, ILS)
OBOR Europe’s original publication here. Avec la BRI, de nouvelle infrastructures permettant une meilleures connectivité ont vu le jour. Mais, les désastres naturels menacent les projets d’infrastructures et peuvent créer de graves crises économiques. Pour limiter ce risque, il existe les insurance-Linked Securities (titres liés à l’assurance), mais les pouvoirs locaux doivent mieux connaître cet […]