FULL ORIGINAL PUBLICATION HERE The Monetary Authority of Singapore (MAS) has extended its insurance-linked securities (ILS) grant scheme to the end of 2022, as Singapore looks to build on recent positive momentum and attract more catastrophe bond issuers to its shores. Speaking today at our Artemis ILS Asia virtual conference, Mr. Benny Chey, Assistant Manager […]

As mentioned by AON in their Weather, Climate & Catastrophe Insight: 2019  Annual Report, last year brought $232 billion of economic losses from natural disasters whereby only $71 billion was actually insured. It outlined that the world continue to face a fundamental issue of insurance gap, especially in emerging and developing countries, where losses for businesses and governments are only increasing following […]

FULL ORIGINAL PUBLICATION HERE Generali has developed its first Green Insurance Linked Securities Framework, in line with the Group’s sustainability strategy. Insurance Linked Securities are alternative financial instruments allowing for the transfer of insurance risk to institutional investors. This Framework aims to be the first contribution to develop guidelines for Green ILS structures going forward. The […]

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

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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 Despite the fact a catastrophe bond for Jamaica has not yet come to market, after receiving support to pay premiums for the in-development first issuance the Caribbean island nation is already preparing to budget for its future renewal. Jamaica’s government has been working towards sponsoring its first catastrophe bond for at least […]

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

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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. […]

PIMCO adds almost $26m more to its ILS Series SPC fund vehicle

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FULL ORIGINAL PUBLICATION HERE Giant asset manager PIMCO has raised and deployed more funds into its Cayman Islands based ILS Series SPC fund, taking total insurance-linked assets within one segregated fund account to $51.8 million and overall assets in the vehicle to just over $150 million. PIMCO (Pacific Investment Management Company LLC), the investment management […]

PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

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FULL ORIGINAL PUBLICATION HERE PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the year. […]

FULL ORIGINAL PUBLICATION HERE As institutional investors look to asset classes that promote sustainable and responsible investing, increasingly, they are drawn to the environmental, social and governance (ESG) qualities of insurance-linked securities (ILS), according to Greg Wojciechowski, President and Chief Executive Officer (CEO) of the Bermuda Stock Exchange (BSX). Speaking during a panel discussion held […]