Google and its holding company parent Alphabet, Inc. have now successfully secured $275.5 million of California earthquake risk protection from their new catastrophe bond, the Phoenician Re Ltd. (Series 2021-1) issuance. It’s fallen a little short of the revised top-end target of $285 million, but with pricing at a much lower

Despite the fact insurance-linked securities (ILS) themselves have the tail-risk of major global natural catastrophe events firmly embedded in the asset class, as part of a broader alternatives allocation ILS are “particularly suitable for reducing tail risks” in investor portfolios, according to the BAI. The German association for alternative investments,

In order to develop India’s International Financial Services Centre (IFSC) into a competitive global insurance and reinsurance hub, a committee has advised that offering regulated frameworks for insurance-linked securities (ILS) such as catastrophe bonds is critical. India’s International Financial Services Centers Authority (IFSCA) put together a committee led by senior

The Philippines has received more catastrophe protection with the help of the World Bank, as its government has signed up to another $500 million catastrophe contingent line-of-credit through a new Catastrophe-Deferred Drawdown Option arrangement, dubbed CAT-DDO 4. The Philippines has benefited from these novel catastrophe contingent credit arrangements before, having

Google’s holding company parent Alphabet, Inc. has returned to the catastrophe bond market for the third time, as it seeks to add another $250 million or more of California earthquake risk protection to its insurance arrangements with the help of insurance-linked securities (ILS) investors in a Phoenician Re Ltd. (Series 2021-1)

Insurance-linked securities (ILS) related fee income and profit shares can become a “significant contributor” to the earnings of insurance and reinsurance firms that manage third-party capital, according to rating agency Moody’s. While the vast majority of reinsurers already leverage alternative capital and insurance-linked securities (ILS) within their retrocession arrangements, some

Extreme weather events around the world are on the rise as a consequence of climate change. The market in catastrophe bonds could grow to $50 billion by the end of 2025. Insurers use the securities to shield themselves against losses from consequences of climate change such as natural disasters. Wildfires,

Catastrophe bonds and other insurance or reinsurance related solutions can be a bridge between the private capital markets and humanitarian project funding needs, according to David Howden, CEO of Howden Group. Speaking at an event of the COP26 climate conference in Glasgow yesterday, Howden explained that the wealth of private

Alongside the United Nations 2021 United Nations Climate Change Conference (COP26), the Government of Germany has committed €18 million to subsidize the cost of disaster risk insurance for qualifying African Risk Capacity (ARC) Group Member States. In a statement, the Parliamentary State Secretary to the Federal Ministry for Economic Cooperation