HKIA reforms seen strengthening Hong Kong’s reinsurance hub status: AM Best
A new AM Best report suggests that proposed changes to how the Hong Kong Insurance Authority (HKIA) assesses non-life insurers’ capital requirements, particularly for natural catastrophes, man-made risks, and offshore reinsurance business, could strengthen Hong Kong’s position as a global hub for reinsurance and risk management. According to the rating agency, Hong Kong’s direct non-life […]
Delineation between UNL and parametric triggers fundamental to unlocking ILS growth: Augment Risk
As the insurance-linked securities (ILS) market continues to expand, Augment Risk is positioning parametric triggers not merely as a peripheral alternative, but as a central, diversifying asset class defined by its structural independence from traditional indemnity-based retrocession, a shift the firm believes is fundamental to unlocking the next phase of third-party capital allocation. Artemis recently […]
APRA warns climate pressures could widen Australia’s home insurance protection gap
The Australian Prudential Regulation Authority (APRA) has released its Insurance Climate Vulnerability Assessment (Insurance CVA), a prudential stress test showing how climate-driven pressures on insurance premiums could significantly widen the home insurance protection gap and weaken the resilience of Australia’s financial system. APRA’s Insurance CVA examined how home insurance coverage may fall under two severe […]
Blending public and private ILS essential to moderate structural trade-offs: Schroders Capital
While public and private insurance-linked securities (ILS) offer distinct pathways to insurance risk premia, the choice between them involves more than just a calculation of risk and return. According to Mark Gibson, Senior Investment Director at Schroders Capital, the true dividing line for investors is the degree of liquidity and transparency they are willing to […]
Coca-Cola pension fund ILS investment grew to $266m on returns in 2025
The US pension fund of global beverage and food giant the Coca Cola Company saw its investments into insurance-linked securities (ILS) increase in value in the last year to $266 million, reaching their highest level since 2022. The Coca Cola fund ILS allocation is one of the pensions investing in insurance-liked securities (ILS) that we’ve tracked over […]
Hannover Re’s Kaith Re structure issues $20m Seaside Re private catastrophe bond
Hannover Re has facilitated another private catastrophe bond arrangement, as its Bermuda-domiciled transformer vehicle Kaith Re Ltd. has issued a $20 million Seaside Re (Series 2026-71) transaction that is exposed to US property catastrophe risks and will provide reinsurance or retrocession for an unknown sponsor. Hannover Re continues to play an increasingly important facilitation role in the insurance-linked […]
Cat bonds and ILS exhibit significantly lower volatility during geopolitical stress: Leadenhall
Compared to broader financial markets and asset classes that are more correlated with the global macroeconomy, catastrophe bonds and insurance-linked securities are exhibiting significantly lower volatility in 2026, specialist investment manager Leadenhall Capital Partners LLP has highlighted. With the conflict in the Middle East now set to move into its fourth week, the ramifications of […]
Secondary perils drive record 92% of 2025’s $107bn global insured losses: Swiss Re
According to a new report from Swiss Re Institute, whilst global insured losses in 2025, at US $107 billion, fell below the long-term natural catastrophe trend, secondary perils, including severe convective storms (SCS), wildfires, and floods, accounted for a record 92% of the total. The Los Angeles wildfires from the start of 2025, which contributed […]
Terrorism cat bonds help distance taxpayers from potential loss: GC’s Gallagher at IFTRIP
Speaking at the International Forum of Terrorism Risk (Re)Insurance Pools in Sydney, Australia today, Guy Carpenter’s Asia Pacific CEO, Tony Gallagher, has explained the importance of retrocession markets in supporting provision of terrorism reinsurance, highlighting catastrophe bonds as an important and growing mechanism. The IFTRIP event brings together the government regulators, insurance and reinsurance companies […]
Proposal calls for government backed reinsurer US Re, to hold catastrophe risk at lowest cost
A proposal has been published today calling for the establishment of a United States government backed reinsurance entity named US Re, which would be designed to assume natural catastrophe risks at the most extreme tail of the loss distribution, holding catastrophe risk at the lowest cost possible. The proposal made by the Hamilton Project at […]