Author: Admin

World Bank to scale-up access to catastrophe bonds and reinsurance capital

The World Bank announced a significant expansion of the use of catastrophe bonds, reinsurance and instruments such as parametric risk transfer for countries exposed to large-scale disasters, with an ambition to embed catastrophe insurance and risk transfer instruments more deeply into its financing operations. The World Bank’s position on the use of disaster insurance and […]

Descartes expands parametric solutions beyond cat, with first cyber offering

Demonstrating its appetite to deliver parametric insurance and data-driven risk transfer solutions beyond natural catastrophe, weather and climate risks, specialist Descartes Underwriting has launched its first parametric cyber offering. The company said today that it intends to build on its successful parametric offerings, which have been naturally focused on catastrophe related risks, to offer solutions […]

Cat bond spreads show investor demand. Fading interest rates to build ILS appeal: BofA

The narrowing of catastrophe bond spreads in recent months and into early 2024 is reflective of the strong investor demand for this segment of insurance-linked securities (ILS), interest which may continue to build as the fading interest rate environment is expected to increase the relative appeal of ILS again, analysts at BofA Securities said. We […]

Jireh Connect facilitates first industry loss warranty (ILW) placement

Jireh Connect, a technology platform that targets helping brokers place risk more efficiently with reinsurance and risk capital providers and manage the process more effectively, has announced the completion of its first placement, an industry loss warranty (ILW). Jireh Connect has been launched by well-known Bermuda-based insurance-linked securities (ILS) market executive Sal Tucci. Last year, Tucci […]

First cyber cat bonds a watershed moment: Moody’s RMS video interview

The successful issuance of the first full cyber catastrophe bonds in late 2023 was a watershed moment and the role of risk models in helping insurance-linked securities investors get up to speed on what is still a relatively new peril to the ILS sector was key, executives at Moody’s RMS told us in an Artemis Live […]

Securing access to capital a key differentiator for 2024: Howden

While almost every market observer and industry analyst are expecting reinsurance capital levels to increase in 2024, broker Howden has highlighted that actually securing access to capital will be a key differentiator for market participants, as not everyone is expected to be successful. Over the last few years, capital raising for reinsurance start-ups has been […]

Insured catastrophe losses reach $118bn in 2023, with 69% protection gap: Aon

Global catastrophe losses falling to sources of insurance and reinsurance capital reached $118 billion in 2023, according to the latest estimate to emerge from broker Aon. Aon’s insurance industry loss estimate for 2023 catastrophes compares to a slightly higher $123 billion estimate from Gallagher Re. In December, Swiss Re had estimated overall insured natural catastrophe losses at […]

Hedge Funds Rake in Huge Profits Betting on Catastrophe Risk

Insurance-linked securities behind 2023’s best hedge fund play Weather, inflation delivered the perfect cocktail last year For hedge funds, the science of catastrophes helped generate the best returns of any alternative investment strategy last year. FULL ORIGINAL PUBLICATION HERE

INSURE Act calls for Federal Catastrophe Reinsurance, with cat bond backing

Lawmakers are being presented with a new bill that proposes the creation of a catastrophe reinsurance program to help insurers provide more coverage in exposed and loss challenged areas, with catastrophe bonds also highlighted as a potential way to underpin the facility. Introduced by California Representative Adam Schiff (D-Calif.), the Incorporating National Support for Unprecedented […]