FULL ORIGINAL PUBLICATION HERE The decision as to whether Peru’s earthquake exposed IBRD CAR 120 catastrophe bond will payout a portion of the investor principal is expected within 20 days of the magnitude 8.0 earthquake that struck Peru on Sunday 26th May, according to the country’s Finance Minister. Carlos Oliva, the Minister for Finance and the Economy […]

FULL ORIGINAL PUBLICATION HERE Global reinsurance firm Swiss Re said today that it is “excited” to promote the development of an insurance-linked securities (ILS) and catastrophe bond market in Asia, with the completion of the first cat bond it has facilitated in Singapore, the $100 million First Coast Re II Pte. Ltd. (Series 2019-1). As we […]

FULL ORIGINAL PUBLICATION HERE A magnitude 8.0 earthquake that struck Peru yesterday, Sunday 26th May, could trigger the IBRD CAR 120 catastrophe bond, which was part of the Pacific Alliance issuance, with the available data suggesting that a 30% loss of principal should be expected by investors in the cat bond. The magnitude 8.0 earthquake struck Peru […]

ORIGINAL PUBLICATION HERE Mitsui Sumitomo Insurance has raised its estimate of losses from Japanese typhoons that struck in 2018, which has driven the qualifying aggregate loss amount under the terms of its $200 million catastrophe bond Akibare Re Ltd. (Series 2016-1) over the exhaustion point. As a result, it’s now expected that the $200 million of Akibare […]

ORIGINAL PUBLICATION HERE Florida based primary insurer Security First Insurance Company is set to be the beneficiary of the first full 144A catastrophe bond to be issued in Singapore, as a $100 million First Coast Re II Pte. Ltd. (Series 2019-1) transaction has now been priced and is set for completion. This will officially be the first […]

ORIGINAL PUBLICATION HERE The four Pacific Alliance countries, Chile, Colombia, Mexico and Peru, are beginning the work alongside the World Bank to identify potential solutions to help them transfer climate related natural disaster risks, including identifying whether further catastrophe bonds would be suitable. The Pacific Alliance trade bloc nations in Latin America currently benefit from a […]

ORIGINAL PUBLICATION HERE The Bermuda Stock Exchange (BSX), which houses the majority of the world’s outstanding catastrophe bond market as listings on its exchange, is pushing the insurance-linked securities (ILS) asset class as an investment with Environmental, Social and Governance (ESG) qualities. The BSX has launched its own ESG initiative, as it looks to encourage […]

ORIGINAL PUBLICATION HERE Investors of the world are increasingly expecting a widespread downturn in the equity markets, leading to search for new sources of alternative return, particularly asset classes that are less correlated with broader financial trends, says Preqin. The Preqin investor outlook for alternative asset classes in the first-half of 2019 states that now […]

FULL ORIGINAL PUBLICATION HERE U.S. primary insurer Safepoint is set to issue a new catastrophe bond in Singapore, as a $75 million Manatee Re III Pte. Ltd. (Series 2019-1) transaction launches to the market. This will be among the first full 144a catastrophe bond to be issued in Singapore under its new insurance-linked securities (ILS) regulatory regime, […]

ORIGINAL PUBLICATION HERE Discussion Paper for the High-Level Consultative Group (HLCG) This discussion paper is prepared by the Secretariat of the InsuResilience Global Partnership (“Partnership”) based upon a synthesis of evidence commissioned by members and initial consultations with members. Concessional Support for climate and disaster risk finance and insurance (“CDRFI”) is a complex, sensitive and […]