Generali develops framework for Green insurance-linked securities (ILS)

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FULL ORIGINAL PUBLICATION HERE Generali, one of the largest global insurance and asset management companies, has recognised the potential for insurance and reinsurance linked investments to have green or ESG credentials and has developed a framework for Green insurance-linked securities (ILS). As a recognised European sponsor of catastrophe bonds, as one of the way’s it […]

FULL ORIGINAL PUBLICATION HERE Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal. Jamaica’s government has been working towards sponsoring its first catastrophe bond for at least […]

FULL ORIGINAL PUBLICATION HERE The government of Mexico has returned to the catastrophe bond market with the help of the World Bank and its International Bank for Reconstruction and Development (IBRD), seeking a $425 million or larger slice of parametric earthquake and hurricane disaster insurance from the capital markets through an issue we’ve named IBRD / […]

PGGM added $355m to Vermeer Re investment in 2019, to hit target $1bn cap

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FULL ORIGINAL PUBLICATION HERE PGGM, the Dutch pension fund investment manager and the largest investor in the insurance-linked securities (ILS) space, made good on its option to upsize its allocation to Vermeer Reinsurance Ltd., the joint-venture vehicle that is managed by RenaissanceRe, taking Vermeer’s total capitalisation to over $1 billion in 2019. Vermeer Reinsurance Ltd. […]

PIMCO adds almost $26m more to its ILS Series SPC fund vehicle

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FULL ORIGINAL PUBLICATION HERE Giant asset manager PIMCO has raised and deployed more funds into its Cayman Islands based ILS Series SPC fund, taking total insurance-linked assets within one segregated fund account to $51.8 million and overall assets in the vehicle to just over $150 million. PIMCO (Pacific Investment Management Company LLC), the investment management […]

FULL ORIGINAL PUBLICATION HERE The World Bank has helped two more countries join those benefiting from a source of catastrophe contingent disaster risk financing, as both Vanuatu and Grenada become the latest to receive a Catastrophe Deferred Drawdown Option (Cat DDO) arrangement. The World Bank continues to deliver these catastrophe contingent risk financing solutions to […]

FULL ORIGINAL PUBLICATION HERE Innovative insurance and reinsurance mechanisms such as catastrophe bonds, risk pooling facilities and parametric triggers are all key ways that risk mitigation can be improved in the world’s most vulnerable areas, Aon said today. The insurance and reinsurance broker highlighted the continuing issue of the protection gap and the need for […]

PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

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FULL ORIGINAL PUBLICATION HERE PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the year. […]

Caribbean earthquake could prompt CCRIF coverage assessment

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FULL ORIGINAL PUBLICATION HERE A powerful magnitude 7.7 earthquake struck the Caribbean yesterday in the afternoon local time, swaying buildings as far away as Miami, Florida and causing some localised damage to countries including the Cayman Islands, Jamaica and Cuba. There have been no immediate reports of casualties and damage in the region appears relatively […]

FULL ORIGINAL PUBLICATION HERE As institutional investors look to asset classes that promote sustainable and responsible investing, increasingly, they are drawn to the environmental, social and governance (ESG) qualities of insurance-linked securities (ILS), according to Greg Wojciechowski, President and Chief Executive Officer (CEO) of the Bermuda Stock Exchange (BSX). Speaking during a panel discussion held […]