Brazil’s ILS structure opens a new chapter for its re/insurance market: Fitch

Following the completion of Brazil’s first-ever insurance-linked securities (ILS) issuance earlier this year, analysts at Fitch Ratings have highlighted how the country’s ILS framework marks the beginning of a new chapter for its re/insurance market. Back in May, Brazilian reinsurer IRB (Re), via its wholly owned subsidiary, Andrina Special Purpose Insurance Entity (SSPE) sponsored the country’s […]

Third-party capital projected to grow 7%, hit $114bn in 2025: AM Best & Guy Carpenter

According to the latest projection from rating agency AM Best and broker Guy Carpenter, third-party capital deployed in reinsurance is anticipated to grow by almost 7% this year, projected to end the year at a new high of $114 billion. Third-party capital, that largely represents the capacity deployed by insurance-linked securities (ILS) fund managers and […]

Cat bonds, parametrics & risk pools can narrow nat cat protection gap: G20 South Africa event

Bridging the widening natural catastrophe insurance protection gap is part of building macro financial resilience, which calls for innovative solutions such as catastrophe bonds, parametric instruments and regional risk pools, according to Lesetja Kganyago, Governor of the South African Reserve Bank. The G20 South African Presidency, in collaboration with the International Association of Insurance Supervisors […]

UNDRR proposes disaster resilience adaptation financing structure, with ILS investment vehicle

The United Nations Office for Disaster Risk Protection (UNDRR) has published details of a proposal for a high-level Disaster Resilience Adaptation Financing (DRAF) structure that features an insurance-linked securities (ILS) vehicle, to support disaster risk insurance coverage and resilience adaptation financing. In a commentary authored by Alissa Legenza and Shaun Tarbuck, members of the UNDRR’s […]

California utility LADWP seeks third wildfire cat bond, up to $150m 123 Lights Re

The Los Angeles Department of Water and Power (LADWP), the largest municipal utility operating in the United States, has returned to the catastrophe bond market for its third time, seeking up to $150 million of wildfire protection from a 123 Lights Re Ltd. (Series 2025-1) issuance, Artemis has learned. Previously, the Los Angeles Department of Water and […]

Issuance of multi-country cat bonds can help Southeast Asia manage disaster costs: OECD

A recent paper authored by Kensuke Molnar-Tanaka, OECD Development Centre and Yang-Che Wu, Feng Chia University explores how the issuance of multi-country catastrophe bonds can enhance disaster cost management in Southeast Asia. The study, titled “Disaster risk-sharing pools and multi-country catastrophe bonds in Southeast Asia” highlights how many countries across Southeast Asia are prone to disasters and […]

Cat bonds a promising strategy to help keep climate risks insurable: KPMG

In a recent report on the threat flood disasters pose to the Netherlands as a country particularly vulnerable to climate risks, KPMG highlights the potential for catastrophe bonds to be an instrument that can help in maintaining the insurability of climate risks in an increasingly challenging environment. The KPMG researchers note that flood events that […]