ORIGINAL PUBLICATION HERE The government of Hong Kong included insurance-linked securities (ILS) in its budget this week, demonstrating the level of importance being placed on developing appropriate legislation in the Special Administrative Region of China. Hong Kong began planning for the development of legislation to allow for the establishment of reinsurance related special purpose vehicles for […]

ORIGINAL PUBLICATION HERE Singapore’s first insurance-linked securities transaction (ILS) has been finalised, according to law firm Rajah & Tann Singapore which acted as Singapore counsel to the transaction. The ILS comprises a catastrophe bond sponsored by Insurance Australia Group. The bond is the first Australian dollar-denominated catastrophe bond in the global market and a A$75m […]

ORIGINAL PUBLICATION HERE Insurance Australia Group (IAG) has sponsored its first catastrophe bond and the transaction is also the first cat bond to be issued in Singapore, using the countries’ Special Purpose Reinsurance Vehicle (SPRV) regulations. The AUD $75 million Orchard ILS Pte Ltd transaction has broken new ground by becoming the first cat bond to […]

ORIGINAL PUBLICATION HERE The successful issuance of the AUD $75 million Orchard ILS Pte Ltd catastrophe bond, the first for sponsoring insurer Insurance Australia Group (IAG) and the first cat bond to be issued in Singapore, took only a few weeks, according to a lawyer who worked on the transaction. The issuance of the Orchard ILS Pte […]

ORIGINAL PUBLICATION HERE ASTANA – In an exclusive interview with this newspaper, Akim (Governor) of Almaty oblast Amandyk Batalov shares his views on the region’s transformation from a formerly agrarian to a combined agrarian and industrial one, its efforts to attract tourists to its diverse destinations as well as its growing role as a key […]

ORIGINAL PUBLICATION HERE The forthcoming meeting of the Heads of disaster management authorities of the Central Asian states, which will be held on April 27, 2018 in Almaty, Kazakhstan, is a good reason to set sights once again on when disaster risk reduction issue will become one of the national and regional priorities of Central […]