SBAI To Publish Toolkit On Implementing ESG In ILS Strategies
The Standards Board for Alternative Investments (SBAI) has this morning announced the launch of its first toolkits targeted at asset managers and allocators to help them with the practical implementation of responsible investment across certain alternative investment strategies and asset classes. The SBAI has been ramping up its focus on environmental, social and governance (ESG) […]
Cat Bond & Related ILS Issuance Nears Annual Record, Now Over $16.1bn
Catastrophe bond and insurance-linked securities (ILS) new issuance continues apace in 2021, with the total issued and tracked by Artemis so far this year now above $16.1 billion, meaning that a new annual issuance record is expected to be reached imminently. Issuance of new catastrophe bonds and the other related insurance-linked securities (ILS) that we track […]
China: Guo Shuqing Says Need For Insurance Covering Typhoons, Floods Is Urgent
Mr Guo Shuqing, CBIRC chairman, has said that China’s catastrophe insurance scheme takes earthquakes as the main cause of disasters, but it is urgent to include typhoons, floods, and droughts in the scheme’s coverage. FULL ORIGINAL PUBLICATION HERE
NZ Super Fund Expands Cat Bond Investments, Doubles Elementum Allocation
The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has added to its insurance and reinsurance linked investments again in the last year, with a doubling of its allocation to investment manager Elementum Advisors, seemingly all in catastrophe bonds. The New Zealand Superannuation Fund (NZ Super Fund) has been […]
Schroders Finds 10% Of Institutional Investors To Increase ILS Allocations
A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year. Schroders annual Institutional Investor Study features the perspectives of 750 institutional investors, including corporate and public pension funds, insurance companies, […]
Inaugural cat bond a clear vote of confidence in Hong Kong: Regulator
The inaugural catastrophe bond issuance in Hong Kong is a clear vote of confidence in the Special Administrative Region (SAR) and a sign of the exciting opportunities that lie ahead, according to regulator the Insurance Authority (IA). The implementation of Hong Kong’s insurance-linked securities (ILS) regulatory regime and the legislation necessary to establish special purpose […]
Allocations to alternative investments to increase, ESG a factor: Eaton Partners
A survey of institutional investors by Eaton Partners found that almost two-thirds intend to increase their allocations to alternative asset classes and private capital markets, with 9% of respondents targeting non-correlated assets specifically, while ESG is also seen as an important factor for future investment flows. “As the world navigates new challenges related to the […]
City of Zurich pension to double insurance-linked securities allocation
The City of Zurich Pension Fund announced a rebalancing of its portfolio strategy, part of which will see the investor as much as double its allocation to the insurance-linked securities (ILS) asset class. The City of Zurich Pension Fund manages roughly 21 billion Swiss francs in assets, which equates to more than US $22.5 billion. […]
Bermuda Stock Exchange (BSX) lists first Hong Kong cat bond
The Bermuda Stock Exchange (BSX) continues to be the listing venue of choice for the catastrophe bond market with a significant percentage of the outstanding market housed there and has even won the listing for the first cat bond to be issued out of Hong Kong. The Bermuda Stock Exchange (BSX), under the strategic guidance […]
Local investors took meaningful chunk of Greater Bay Re cat bond: Aon
The first catastrophe bond to be issued out of Hong Kong positions the emerging insurance-linked securities (ILS) domicile as a gateway to global institutional capital for China’s risk transfer and reinsurance needs, according to Aon Securities, who also highlighted that local investors participated in the transaction. Aon Securities, the capital markets structuring and broker dealer […]