FULL ORIGINAL PUBLICATION HERE The California Earthquake Authority (CEA) is back once again in the catastrophe bond market with the second issuance it has sponsored so far this year, seeking a $250 million or larger source of collateralised earthquake reinsurance from this Ursa Re II Ltd. (Series 2020-1) deal. Earlier this year, the CEA, which is a […]

Rated paper & ILS may be favoured over collateralized UNL retro at renewals: Aon

0

FULL ORIGINAL PUBLICATION HERE Retrocessional reinsurance coverage written by rated carriers, as well as other insurance-linked securities (ILS) products such as industry-loss based instruments, may find themselves in favour over collateralized ultimate net loss retro at the upcoming renewals, Aon executives said recently. Speaking during a media briefing held in place of the Monte Carlo […]

Cat bond & ILS coupons should compensate as climate increases hurricane risk: Twelve Capital

0

FULL ORIGINAL PUBLICATION HERE Climate change, variability and the expected increases in Atlantic hurricane risk that these factors will drive, is still likely to be compensated for in catastrophe bond and private insurance-linked securities (ILS) coupons, as pricing should rise and consequently returns, in line with the risk, according to ILS manager Twelve Capital. Twelve […]

FULL ORIGINAL PUBLICATION HERE The development and growth of an insurance-linked securities (ILS) market in Asia can only be a benefit to local insurance and reinsurance carriers, as well as those operating regionally, as the capital markets capacity can help them expand their ability to underwrite and diversify capacity sources, rating agency Fitch explained recently. […]

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

0

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 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

0

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. […]

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 […]

ORIGINAL PUBLICATION HERE. LINK TO THE WORKSHOP PAGE HERE The human cost of disasters is not just measured in the deaths and injuries that they cause, but also in terms of their lasting economic impact on survivors and countries. Natural disasters don’t just destroy homes, factories, shops, and fields; they can altogether annihilate years of economic […]

ORIGINAL PUBLICATION HERE Establishing a national disaster insurance scheme is one of the main features of the UNDP’s NAP for Bosnia & Herzegovina. Improving BiH’s preparedness for dealing with Nat Cat events is instrumental considering the expected increase in flood losses and the very low current insurance coverage. Over the past eighteen years the country […]