FULL ORIGINAL PUBLICATION HERE Climate change adaptation projects and the need for them are rising up the agenda, as a recent surge in damages from severe weather and climate related catastrophe events concentrates the mind on the importance of investing in this area. Public authorities are showing renewed and increasing interest in climate adaptation, while […]

FULL ORIGINAL PUBLICATION HERE A recent survey of 200 Chief Investment Officers (CIO’s) and investment team members from the life, property and casualty, insurance and reinsurance sector found that 18% of respondents are already holding some insurance-linked securities (ILS) within their investment portfolios. The survey undertaken by Natixis looked at what is driving insurance and […]

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 Catastrophe bonds continue to gain traction as a potential capital structure for delivering post-disaster financing or funding for international humanitarian and development organisations, with the United Nations agency UNICEF among the latest to explore insurance-linked securities (ILS). Forward-looking agencies and humanitarian organisations are exploring the cat bond as a way to […]

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 […]

ORIGINAL PUBLICATION HERE Phoenix CRetro Reinsurance Company chief executive Kirill K Savrassov says as huge investments are being poured into the Belt and Road Initiative (BRI) across Asia and Europe, introduction of catastrophe bonds can take the risk off the government balance sheets and reinforce macro-economic stability while providing access to rapid recovery funding. The […]

ORIGINAL PUBLICATION HERE As investments into China’s Belt and Road Initiative (BRI) increase, Kirill Savrassov, CEO of Phoenix CRetro Reinsurance Company, told Baden-Baden Today that it represents big opportunities and challenges for the reinsurance industry, especially from a cat perspective. He said the project, led by China and sometimes described as a multibillion dollar rebirth […]

ORIGINAL PUBLICATION HERE. PDF VERSION HERE China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Bermuda:Re+ILS. In September a 5.8 magnitude earthquake shook Istanbul, triggering the evacuation of schools […]

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 […]