Global reinsurance firm Swiss Re has set up a new insurance-linked securities (ILS) venture, launching an SEC registered investment adviser today named Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), which will have a focus on catastrophe bond investment management. The move comes as the reinsurance giant continues to build-out and
Despite the significant macroeconomic headwinds that posed a threat to investor capital and impacted most financial markets through the second-quarter of 2022, the catastrophe bond market was resilient by comparison, with the period seeing its third-highest volume of new cat bond issuance. This is according to Aon Securities, the capital
Lloyd’s of London will today announce a significant expansion of its London Bridge insurance-linked securities (ILS) platform, with a plan to welcome more capital, new types of reinsurance transactions and make the transfer of different kinds of risks to capital market investors simpler. Dubbed London Bridge 2, according to the
For global reinsurance firm RenaissanceRe, the Medici catastrophe bond focused investment fund strategy has been one of its sources of growth in third-party capital assets under management in recent years, a trend that continued in 2022. Like many other managers of third-party reinsurance capital assets, or insurance-linked securities (ILS) strategies,
US property & casualty insurance giant The Travelers Companies was “pleased” with the reception its latest catastrophe bond received in the market, as it increased the amount of reinsurance cover it has from capital market cat bond investors during its latest renewal. Travelers secured $575 million of multi-year collateralized property
Even as countries across the globe grapple with climate change, alternate risk transfer mechanisms like parametric solutions are emerging as the best option. Phoenix CRetro Reinsurance’s Mr Kirill Savrassov and Tenax Capital’s Mr Toby Pughe spoke with Asia Insurance Review. By Anoop Khanna According to a PwC report published in May 2022, the insurance protection gap could
The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has expanded its risk pool by 10% year-on-year, as its member governments renewed $1.2 billion of parametric insurance coverage against catastrophe, climate and seismic perils. Parametric insurance cover has been renewed by Caribbean and Central American governments for
We are delighted to announce that Malvern Chirume, FCA, Cert ILS of African Risk Capacity Ltd. who is our alumni from December 2021 cohort, has been elected to the Weather Risk Management Association (WRMA) Board based in Minnesota, USA. This trade association represents weather risk management professionals worldwide and aims
According to a staff climate paper published by the International Monetary Fund (IMF), catastrophe bonds are one of “the most prominent innovations in the field of sustainable finance in the last 15 years,” but the organisation believes more use of them is needed to cover burgeoning catastrophe and climate risks.
The Fundamentals of Insurance-Linked Securities (ILS) is an online professional qualification upgrade course convened by Phoenix CRetro Ltd. (United Kingdom) in partnership with various professional and educational institutions worldwide.
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