Florida ILW price indications up as much as 50% year-on-year
With the Florida reinsurance renewals fast approaching, it’s interesting to learn that indicative pricing for industry-loss warranty (ILW) protection covering hurricanes affecting the state is up significantly year-on-year, but actual market pricing may be flat or even down. Please read our update at the foot of this article. The market for typically retrocessional reinsurance protection […]
Surge in cat bond market set to continue in 2021
The catastrophe bond market saw robust activity last year as new sponsors and tightening retrocessional reinsurance capacity helped buoy the sector, and the trend is expected to continue. Both the 2020 top line issuance of $11 billion of property cat bond limit placed and the fourth-quarter total of $3.7 billion were records, according to a […]
ILS is a growing part of the ESG mosaic, say industry experts
As responsible and sustainable investing continues to gain traction, the insurance-linked securities (ILS) asset class is expected to play an increasing role, but it’s important that the sector tells its own environmental, social and governance (ESG) story. This is according to ILS and reinsurance industry experts speaking recently at the virtually held SIFMA Insurance and […]
Cat bond to narrow Jamaica’s natural disaster financing gap: World Bank
Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap. As yet, the World Bank’s catastrophe bond for Jamaica has not come to market, but it is expected within the coming two […]
Hong Kong reveals insurance-linked securities (ILS) grant details
Hong Kong’s Insurance Authority (IA), the independent insurance and reinsurance regulator for the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China, has now published initial details of its insurance-linked securities (ILS) grant scheme. Back in February of this year, Financial Secretary of Hong Kong Paul Chan revealed plans for a […]
Education, liquidity, more perils to drive retail investor interest in ILS: SIFMA
Greater education around the insurance-linked securities (ILS) asset class, coupled with the development of a secondary market and the expansion into new perils, will help make ILS fund participation more attractive for sophisticated retail investors, according to industry experts. While institutional investors such as pension funds are a dominant force in the ILS fund space, […]
Singapore to reduce investment reporting & disclosure rules for ILS issuers
In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), […]
教育差距缩小与保险连结证券 (Narrowing the Education Gap and Insurance-Linked Securities)
作者：托比·普格（Toby Pughe FCII）和基里尔·萨弗拉索夫 (Kirill K. Savrassov) 在“一带一路”倡议帮助下，新的基础设施已成功地建设了。但是自然灾害会威胁到大型基础设施项目，在新丝绸之路沿线的发展中国家造成金融动荡。保险连结证券可以减轻这种风险，但是当地机关需要更深刻地了解该工具。 Read more
World Bank CAT DDO pays out $20m for La Soufrière volcanic eruption
The Governments of Saint Vincent and the Grenadines have received $20 million in disaster risk financing support from the World Bank to aid their recovery from the recent eruption of the La Soufrière volcano, after a catastrophe contingent line of credit was triggered. The eruption of the La Soufrière volcano on Saint Vincent has triggered […]
CCRIF targets further expansion of scope and risk transfer product range
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility), a parametric focused risk pooling and transfer facility for the Caribbean and Central America, is targeting further expansion in terms of its scope, as well as in terms of the range of risk transfer products it offers and to whom. The CCRIF began […]