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 […]

ORIGINAL ARTICLE IN PDF HERE. MONTE-CARLO TODAY DAY 4 MAGAZINE HERE (EMAG) There is a potentially big opportunity for the insurance-linked securities (ILS) markets to develop parametric cat bonds that could cover some of the growing risks in Eastern Europe and Western areas of Asia, according to Kirill Savrassov, chief executive of PhoenixCRetro. Savrassov told […]

Regulatory oversight & institutions sustain Bermuda’s ILS role: Estera (Bermuda)

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FULL ORIGINAL PUBLICATION HERE While other jurisdictions are increasingly keen to realise the benefits of facilitating ILS transactions, regulatory oversight and institutions have helped Bermuda maintain its place as the leading domicile for the asset class. This is according to Alison Dyer-Fagundo, Managing Director of Estera (Bermuda) and Sherman Taylor, Associate Director, Estera (Bermuda), who […]

ORIGINAL PUBLICATION HERE. PDF VERSION HERE Excellent management of cyclone Fani by the eastern Indian state of Odisha has become a text book example of how to manage natural catastrophes although the government is now faced with the task of post-disaster reconstruction. With low insurance penetration, the question of using capital markets as a means […]

ORIGINAL PUBLICATION HERE The countries and territories of the Western Balkans region are highly vulnerable to the majority of natural catastrophe events, underlining the need for increased awareness of the capabilities of various sources of risk financing, including the catastrophe bond and insurance-linked securities (ILS) space. International organisations, private sector companies and academia for countries […]

Radian Guaranty pleased with investor support for latest $562m mortgage ILS

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ORIGINAL PUBLICATION HERE Radian Guaranty has now completed its second issuance of mortgage insurance-linked securities (ILS), citing a pleasing response from investors to its $562 million Eagle Re 2019-1 Ltd. that secures it additional reinsurance capacity from the capital markets. The transaction has been in the market for some weeks now and saw Radian Guaranty looking to […]

ORIGINAL PUBLICATION HERE WASHINGTON, DC, UNITED STATES (12 April 2019) — The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) signed a 5-year memorandum of understanding (MOU) today to accelerate progress towards sustainable development in Asia and the Pacific The MOU was signed by ADB President Mr. Takehiko Nakao and UNDP Administrator Mr. […]

ORIGINAL PUBLICATION HERE WASHINGTON, DC — The Asian Development Bank (ADB) and United Nations Development Programme (UNDP) signed a five-year memorandum of understanding (MOU) today to accelerate progress towards sustainable development in Asia and the Pacific. The MOU was signed by ADB President Mr. Takehiko Nakao and UNDP Administrator Mr. Achim Steiner in Washington, DC. The […]