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Arkansas Teacher pension fund ILS allocation drops to $220m

The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has seen its allocation to insurance-linked securities (ILS) shrink to roughly 1% of the fund, falling to $220 million. That’s down from a high of almost $290 million at the end of 2019

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Divergent execution a sign of a mature ILS market: Swiss Re

Catastrophe bond and insurance-linked securities (ILS) market execution through 2021 was not uniform, which global reinsurance firm Swiss Re highlights is a sign of the market becoming increasingly mature. As you’d expect, the catastrophe bond market in particular is maturing fast and the way deals execute, as well as how

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Bermuda SPI’s and collateralized insurers reminded on Russia-Ukraine

The Bermuda Monetary Authority (BMA) has issued a call for insurance-linked securities (ILS) vehicles domiciled on the island to adhere to international sanctions related to the ongoing conflict between Russia and Ukraine and to disclose any relevant information or impact related to it as it continues. With international sanctions being

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Philippines seeks cat bond event calculation for storm Megi (Agaton)

The Bureau of the Treasury of the Republic of the Philippines has issued a notice to the calculation agent of the World Bank issued IBRD CAR 123-124 catastrophe bond after the impacts of recent tropical storm Megi (locally known as storm Agaton), Artemis has learned. It’s the second calculation request the

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Ukraine conflict industry loss could exceed $20bn: PCS

The insurance and reinsurance industry loss from the conflict in Ukraine could exceed US $20 billion, according to Verisk-owned specialist claims and loss data unit PCS. Property Claim Services (PCS) has analysed data from its three most relevant product offerings, the PCS Global Aviation, PCS Global Marine and Energy, and

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What’s behind South Africa’s flood disaster

South Africa, the continent’s most industrialised country, has largely escaped the tropical cyclones that regularly hit its neighbours. But last week, storms pummelled the east coast city of Durban, triggering heavy floods and landslides that killed more than 440. Here are the main questions behind the floods and devastation. FULL PUBLICATION HERE

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Blackstone sees cat bonds & ILS as real estate risk transfer options

Investment giant Blackstone is increasingly focusing on the need to manage risks within its various real estate companies and assets, using risk transfer solutions, insurance and instruments such as catastrophe bonds and insurance-linked securities (ILS). Blackstone is one of the biggest investment groups in the world and has a global

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Cat bond momentum has carried over into 2022

Market momentum for catastrophe bonds continued through the first quarter after last year’s record new issuance. More than $3 billion of coverage has been issued in the 144A cat bond sectors since the beginning of the year, said Philipp Kusche, New York-based global head of ILS and capital solutions for

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