ORIGINAL PUBLICATION HERE With the growing use of data analytics in the digital age, the use of insurance products such as parametric insurance, is starting to grow around the world. And with the effects of climate change now a reality such policy options are becoming more attractive to people internationally in a wide range of sectors, from construction […]

ORIGINAL PUBLICATION HERE Alternative reinsurance capital’s continued growth through 2018, as well as the slight shrinking of traditional reinsurer capital have been confirmed in a report out today, while at the same time profits at reinsurers are seen to have shrunk again, based on underlying returns on equity (ROE’s). Total dedicated global reinsurance sector capital […]

ORIGINAL PUBLICATION HERE The Danish Red Cross and International Federation of Red Cross and Crescent Societies are making progress with their first ever catastrophe bond transaction, revealing a tiered trigger structure designed to ensure that impactful volcanic eruptions cause the cat bond to pay out. The international humanitarian movement announced last year that it was […]

ORIGINAL PUBLICATION HERE Alternative sources of reinsurance capital, deployed into catastrophe bonds as well as through ILS funds and other collateralized vehicles, grew by a slower 9% to $97 billion in 2018, but is expected to “regain momentum” in the coming months, according to Aon. Alternative reinsurance capital had been rising by more than 10% […]

ORIGINAL PUBLICATION HERE Radian Guaranty has now completed its second issuance of mortgage insurance-linked securities (ILS), citing a pleasing response from investors to its $562 million Eagle Re 2019-1 Ltd. that secures it additional reinsurance capacity from the capital markets. The transaction has been in the market for some weeks now and saw Radian Guaranty looking to […]

ORIGINAL PUBLICATION HERE The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, managed a 6.6% annual return in the year to Jan 31st 2019, while its assets under management increased in the last quarter as well. Given the focus of the City National Rochdale […]

ORIGINAL PUBLICATION HERE Alternative risk transfer and ILS mechanisms in the global property and casualty (P&C) market are expected to become more commonplace in the months and year ahead, according to law firm Sidley Austin’s Global Insurance Review. In addition the law firm believes that we haven’t seen the end of M&A activity in the […]

ORIGINAL PUBLICATION HERE WASHINGTON, DC — The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) signed a five-year memorandum of understanding (MOU) today to accelerate progress towards sustainable development in Asia and the Pacific. The MOU was signed by ADB President Mr. Takehiko Nakao and UNDP Administrator Mr. Achim Steiner in Washington, DC. The […]

ORIGINAL PUBLICATION HERE Alternative sources of capital now contributes at least 4% of the global non-life insurance and reinsurance market’s roughly U.S. $2 trillion capital base, according to Swiss Re. The reinsurance firm puts the overall non-life global insurance capital base at $2 trillion, 80% (or $1.6 trillion) of which comes from primary insurers, 16% […]

ORIGINAL PUBLICATION HERE AP3, the Swedish state sector pension fund, has been investing in catastrophe bonds, insurance-linked securities (ILS) and reinsurance linked assets since 2008 and the investor increased its allocation to the ILS sector in 2018, while the asset class delivered a positive return despite the catastrophes. In 2018, the size of AP3’s allocations […]