FULL ORIGINAL PUBLICATION HERE Singapore and the World Bank aligned their missions to collaborate on the recent landmark first catastrophe bond issuance for the Philippines, as the pair look to stimulate insurance-linked securities (ILS) issuance in Asia as a financial solution for climate resilience. The Philippines catastrophe bond, IBRD CAR 123-124 which completed last week to provide […]

FULL ORIGINAL PUBLICATION HERE Foreign sponsors of insurance-linked securities (ILS) transactions such as catastrophe bonds continue to look to Bermuda as the location for listing the resulting notes, with Estera having listed all of the transactions originating in Europe or the UK this year. The team at Estera, a global provider of corporate, fund, trust […]

ILW demand rising, prices could soar for Japanese wind triggers

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FULL ORIGINAL PUBLICATION HERE Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised. At the same time, we’re told demand for ILW capacity covering […]

FULL ORIGINAL PUBLICATION HERE The Oxbridge Re NS Ltd. fully collateralized reinsurance sidecar vehicle sponsored by Cayman Islands based reinsurance firm Oxbridge Re Ltd. has avoided losses from all of the recent global catastrophe loss events. The Oxbridge Re NS quota share reinsurance sidecar has managed to avoid any impact from events including the Japanese […]

Interior non-correlation of ILS helps capital flow, provides relative value: Millette

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FULL ORIGINAL PUBLICATION HERE The “interior non-correlation” of insurance and reinsurance means that the ILS market can help capital flow more smoothly from end-to-end, while investors can access relative value thanks to the diversification within the sector, according to Michael Millette. The founder and managing partner of specialist insurance-linked securities (ILS), reinsurance and transportation focused […]

ILS plays vital role, convergence continues apace: ILS Bermuda speakers

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FULL ORIGINAL PUBLICATION HERE The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace. Introducing today’s ILS Bermuda Convergence 2019 conference held in Hamilton, speakers discussed the key role of ILS in the […]

Rochdale ILW fund puts capital to work, grows, but Irma dents returns

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FULL ORIGINAL PUBLICATION HERE Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop. The City National Rochdale Select Strategies Fund is […]

FULL ORIGINAL PUBLICATION HERE Parametric triggers, coupled with increasingly granular data and technology, can “expand the limits of insurability” according to Swiss Re, especially when it comes to non-physical damage business interruption (NDBI). Innovation continues to deliver on new ways to mitigate risks, Swiss Re said in a recent report. These innovations are enabling better […]

We’re all in on ILS, because it’s the future: Markel Co-CEO Whitt

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FULL ORIGINAL PUBLICATION HERE Speaking yesterday to an audience at the InsureTech Connect conference in Las Vegas, Markel Co-CEO Richard Whitt explained that his company is going all in on insurance-linked securities (ILS). Richard R. Whitt, III, one of the Co-Chief Executive Officer’s of insurance and reinsurance group Markel Corporation, explained that alongside the technological trends […]

IDF members commit $5bn of capacity to support InsuResilience goals

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FULL ORIGINAL PUBLICATION HERE Members of the Insurance Development Forum (IDF) have committed to provide up to US $5 billion of risk capacity to support delivery of the InsuResilience Vision 2025 goals, while the United Nations and other sovereign actors have committed to extending climate and disaster insurance to 500 million. Announced yesterday in New […]