Growing flood gap a “catalyst” for ILS: Franklin Templeton

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FULL ORIGINAL PUBLICATION HERE Global investment firm Franklin Templeton has released a new report that examines the growing role of insurance-linked securities (ILS) in alleviating flood risk, particularly in the US where the financial burden on FEMA and the Treasury seems to be increasing every year. Penned by Jonathan Malawer, Head of ILS, Commodities & […]

Falling gov bond yields make ILS an even more valuable diversifier: Schroders

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FULL ORIGINAL PUBLICATION HERE The value of insurance-linked securities (ILS) as a diversification play within asset portfolios is now even higher, as falling government bond yields have made other diversifiers less attractive at a time when ILS is only increasing its value proposition to investors. This is according to Stephan Ruoff, Head of specialist insurance-linked […]

Cat bond market benefiting from a “flight to simplicity” in ILS

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FULL ORIGINAL PUBLICATION HERE The flight to quality in the insurance-linked securities (ILS) market has been well-documented, as some investors have opted to shift allegiance to ILS fund managers that are deemed higher quality, due to their longevity, track-records, or affiliations. But now we can add to that a “flight to simplicity”, coined by RenaissanceRe […]

FULL ORIGINAL PUBLICATION HERE Alphabet, Inc., the holding company for Google and its many units, has entered the catastrophe bond market for the first time, as the technology giant seeks $237.5 million of earthquake insurance protection that will be fully collateralized through the issuance of a Phoenician Re Ltd. (Series 2020-1)  cat bond transaction to capital […]

ESG fund assets forecast for explosive growth, a huge ILS opportunity

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FULL ORIGINAL PUBLICATION HERE The rapid growth of ESG (environmental, social, governance) appropriate investment products is set to create a “paradigm shift” in investment markets, which could lead to more than 50% of European mutual fund assets invested in ESG funds as soon as 2025, according to PwC. In a recent report PwC highlights the […]

Cat bond activity to pick up, issuance conditions attractive: GC’s Des Potter

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FULL ORIGINAL PUBLICATION HERE Cat bonds are set to buck the trend elsewhere in the ILS market, with a strong issuance pipeline for Q4 2020 and Q1 2021. This is according to Des Potter, managing director ILS origination and structuring at GC Securities, part of Guy Carpenter, in an interview with Artemis. Encouraged by the […]

Collateralized reinsurance to contract further, liquid ILS strategies to prosper: Aon

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FULL ORIGINAL PUBLICATION HERE The collateralized reinsurance market segment of insurance-linked securities (ILS) is expected to contract further, according to broker Aon, although it will likely remain the largest segment of ILS for the foreseeable future it seems. In Aon Securities’ latest annual ILS market report, the capital markets unit of the global insurance and […]

Congress should bring ILS issuance onshore to the U.S. – Syroka, Fermat

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FULL ORIGINAL PUBLICATION HERE The United States Congress has been urged to consider making it more attractive to issue insurance-linked securities (ILS) onshore, as this would make it easier for public and private entities in the country to access the capital markets for risk transfer, Joanna Syroka of Fermat Capital Management has said in testimony. […]

Parametrics to grow in areas where indemnity models struggle: panellists

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FULL ORIGINAL PUBLICATION HERE While parametric insurance will never replace indemnity structures, they are expected to be leveraged more widely in areas where indemnity models struggle to provide adequate solutions, according to Richard Chattock, Chief Executive Officer (CEO) at London-headquartered, Insurtech Gateway. On the final day of the virtually held ILS Bermuda Convergence 2020 conference, […]

COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

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FULL ORIGINAL PUBLICATION HERE Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss […]