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Hong Kong Insurance Authority looks to build ILS market

The Hong Kong Insurance Authority (IA) has outlined a strategic focus to expand the region’s Insurance Linked Securities (ILS) capacity, in its latest annual report. With four catastrophe bonds already issued, totalling HK$4.4bn (US$562m), including a notable US$350m issuance backed by the World Bank, the IA is looking to enrich the ILS

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Tokio Marine sponsoring new $100m Kizuna Re quake cat bond from Singapore

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, has returned to the catastrophe bond market seeking issuance of a $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) transaction, that is being issued out of Singapore to provide the company with collateralized earthquake reinsurance protection.

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Morocco renewed parametric quake insurance after 2023 payout of $275m

Morocco’s government received a $275 million payout from its parametric earthquake insurance policy after the devastating earthquake that occurred in 2023 and the parametric policy has been renewed again, to provide a similar level of cover for 2024, we understand. The North African country of Morocco was struck by a

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Swiss Re’s alternative capital fee income rises 68% to $195m in 2023

Swiss Re’s specialist insurance-linked securities (ILS) and third-party reinsurance capital management division, Alternative Capital Partners (ACP), has reported a 68% increase to its fee income earned for the full-year 2023, reaching $195 million. With third-party investor assets under management (AUM), at the alternative reinsurance capital and insurance-linked securities (ILS) focused

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Philippe Trahan leaves Ontario Teachers’ Pension Plan (OTPP) in re-org

One of the longest-standing end-investor allocators to the insurance-linked securities (ILS) market has left his employer, as a re-organisation at the Ontario Teachers’ Pension Plan (OTPP) sees its Managing Director of ILS Philippe Trahan departing the organisation. The Ontario Teachers’ Pension Plan (OTPP) was an early move into the ILS

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