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
Global reinsurance firm Hannover Re is bringing the seventh catastrophe bond offering in the annual parametric US earthquake risk series of deals, with an initial $200 million target for an Acorn Re Ltd. (Series 2026-1) issuance, Artemis has learned. As seen with all six of the previous Acorn Re parametric
We’ve learned that the new Great Wall Re Limited catastrophe bond issuance is $12 million in size, so presumably will provide an equivalent amount of capital markets backed reinsurance to the sponsoring Chinese domestic insurer, PICC Property and Casualty Company Limited. On Monday we revealed that PICC Property and Casualty
Catastrophe bond funds structured in the UCITS format have now added more than $2.5 billion of assets in 2026 so far, with the sector nearing $21.8 billion of combined assets under management by the end of September 2026. Even through the hurricane season months when new issuance of catastrophe bonds
The California Public Employees’ Retirement System, or CalPERS as it is better known, is exploring ways to increase its exposure to insurance-linked securities, which are seen as one asset class that can contribute towards its goal to invest $100 billion in climate solutions by 2030, according to a Bloomberg report.
In a recent report, Moody’s Ratings highlights how the economics of catastrophe bonds and insurance-linked securities change over time, driven by the softening global reinsurance market cycle. The end-result is more risk being assumed for less return, but as long as ILS manager’s maintain discipline, there is no cause for
VisionFund, the financial inclusion arm of World Vision, working alongside with Global Parametrics and co-financed by the InsuResilience Solutions Fund, will design a two-peril parametric meso-insurance product for World Vision offices in Bolivia, Brazil, Colombia and Peru, as part of the wider Amazon Basin Initiative. According to the announcement, this
Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, has said that third-party capital is certainly part of the reinsurer’s strategy, describing it as more than just complementary capacity, whilst also adding that it is creating opportunities for Hannover Re. Althoff made these remarks during
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