Cat bonds on-track to match records in 2022, fresh capital expected: Aon

Mid-way through 2022, the market for catastrophe bonds is on-track to match the record levels of issuance seen in 2021, according to insurance and reinsurance broker Aon. Demand for catastrophe bonds from established insurance-linked securities (ILS) funds and investors continues to outstrip supply in the market in recent weeks, Aon’s Reinsurance Solutions division explained. “Insurers […]

Madagascar gets ARC parametric drought insurance payout as well

The country of Madagascar is the latest to benefit from a payout under its parametric drought insurance coverage from the African Risk Capacity (ARC), with almost $800k to be disbursed to the government. The African Risk Capacity Group and the African Development Bank presented the Government of Madagascar with a US $797,049 cheque as an […]

Novel cat bonds on the horizon: Brad Adderley, Appleby

On the back of a robust opening quarter, catastrophe bond issuance remained strong in the second-quarter of 2022, and with interest from new sponsors with novel transactions, growth could be on the horizon, according to Brad Adderley. “We have done a fair amount of cat bonds in Q2, and we have not had any transactions […]

PRA’s work on UK ILS market continues with consultation on ISPVs

As the UK’s top regulator, the Prudential Regulatory Authority (PRA), looks to further evolve the UK insurance-linked securities (ILS) regime, it’s outlined some proposed changes to the authorisation and supervision of insurance special purpose vehicles (ISPVs). In a recently published consultation paper, the PRA notes that since the launch of the HM Treasury’s Risk Transformation […]