Cat bonds – a bridge between private capital & humanitarian needs: Howden
Catastrophe bonds and other insurance or reinsurance related solutions can be a bridge between the private capital markets and humanitarian project funding needs, according to David Howden, CEO of Howden Group. Speaking at an event of the COP26 climate conference in Glasgow yesterday, Howden explained that the wealth of private capital locked up and often […]
The Belt and Road Ministerial Forum for International Cooperation in Disaster Risk Reduction and Emergency Management 2021
FULL PUBLICATION BY CHINA DAILY HERE
German Gov commits €18m to subsidize ARC climate cover
Alongside the United Nations 2021 United Nations Climate Change Conference (COP26), the Government of Germany has committed €18 million to subsidize the cost of disaster risk insurance for qualifying African Risk Capacity (ARC) Group Member States. In a statement, the Parliamentary State Secretary to the Federal Ministry for Economic Cooperation and Development (BMZ), Maria Flachsbarth, […]
Humanitarian risk transfer in focus at COP26 with Start Network & IDF partnership
The Start Network, an international network of non-governmental humanitarian organisations, is partnering with the Insurance Development Forum (IDF) on the creation of a new financial service for the humanitarian sector, with parametric triggers and risk pooling at its heart. Named Start Ready, the new humanitarian funding paradigm is designed to help communities to get ahead […]
COP26: An opportunity for re/insurance & ILS climate leadership
On Monday November 1st 2021 at the United Nations (UN) Framework Convention on Climate Change Conference of the Parties (COP26) in Glasgow, United Kingdom, it became clear that this is a moment in time where the insurance, reinsurance and insurance-linked securities (ILS) industries have an opportunity to display climate leadership. One of the clearest signals […]
Cat Bonds & Related ILS Reach New $17bn Annual Issuance Record
Catastrophe bond and related insurance-linked securities (ILS) new issuance has now reached $17 billion in 2021, setting a new annual record for the total tracked by our Artemis Deal Directory. It’s also notable that issuance of new Rule 144A property catastrophe bonds has surpassed $10 billion now for the second year running and only the second […]
Insurance-Linked Securities Increasingly Important To Reinsurers: S&P
Reinsurers are increasingly turning to third-party capital to support their retrocession needs amid rising catastrophe losses, a new report has shown. According to S&P Global Ratings, nearly 15 percent of total reinsurance capital is sourced through insurance-linked securities (ILS) issuances, while the share is increasing significantly within the retrocession market. “In 2021, they ceded about […]
Reinsurance: Innovative ILS Addresses Emerging Needs
The past two years have seen innovative issuance of Insurance-linked securities (ILS), addressing different emerging needs, notes S&P Global Ratings (S&P) in a report. These needs include: The increase in insured exposure (e.g., properties exposed to typhoon risk in China); The protection gap to address the underserved following events such as the earthquake in Haiti; […]
FT: Catastrophe Bonds Storm Into Mainstream As Climate Threat Grows
To read the original Financial Times article click HERE
Reinsurers Increasingly Using Insurance-Linked Securities To Transfer Risks
Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed to other counterparties. According to a report from S&P Global Ratings, reinsurers have ceded about 50% of their exposures at a 1-in-250 return period through collateralized instruments, such as insurance-linked securities (ILS) in 2021. About […]