NZ EQC adds $1bn to reinsurance tower, securing $9.2bn for 2024 renewal
New Zealand’s EQC Toka Tū Ake, previously known as the New Zealand Earthquake Commission, has added more limit to its reinsurance tower, lifting the top by $1 billion for 2024, in a renewal securing $9.2 billion of cover for disaster losses in the country. The EQC has been growing New Zealand’s disaster reinsurance protection over […]
CEA risk transfer tower stable at $9.1bn after near $1.2bn April renewal
The California Earthquake Authority (CEA) has maintained its reinsurance and catastrophe bond tower at $9.1 billion in size through the start of 2024, with its most recent renewals for April 1st seeing the insurer securing almost $1.2 billion in protection. When we last covered the CEA, we reported that the group had reached December 31st […]
PGGM calls for more data and transparency in the ILS market
PGGM, the Dutch pension investment manager that is the largest single allocator to the insurance-linked securities (ILS) market on behalf of end-client pension PFZW, has issued a call for ILS fund managers to provide more data and transparency. Responding to the recent study published by Swiss based alternative asset advisory specialist SIGLO Capital Advisors AG, […]