ADB’s inaugural catastrophe bonds to “pave way for future issuances” – VP Roberta Casali
Following the successful issuance of the Asian Development Bank’s (ADB) first catastrophe bond offerings, Roberta Casali, Vice-President for Finance and Risk Management at the ADB has explained how the cat bonds will provide committed financing for disasters and said she hopes the first ADB cat bonds will “pave the way for future issuances.” As we […]
ADB Issues Inaugural Disaster Relief Bonds Targeting Earthquake and Extreme Precipitation Risk in the Kyrgyz Republic and Tajikistan
MANILA, PHILIPPINES (3 May 2026) — The Asian Development Bank (ADB) issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, as part of its regional Risk-Layered Disaster Relief Finance Program which aims to reduce the financial impact of natural hazards and climate-related shocks. The bonds are designed to protect against severe disasters and […]
ADB prices first cat bonds, secures $160m disaster risk finance for Kyrgyz Republic & Tajikistan
The Asian Development Bank’s (ADB) first catastrophe bond offerings have now been successfully priced in the market, with the result being a $160 million capital market-backed source of parametric earthquake and extreme precipitation disaster risk financing, evenly split between the Kyrgyz Republic and Tajikistan. It’s an important first step in the catastrophe bond market for the Asian Development […]
Hong Kong ‘ideally placed’ to promote use of alternative risk transfer and ILS: IA’s Stephen Yiu
Given Hong Kong’s open and sophisticated financial market, along with its distinct connection with the Chinese Mainland and the support of roughly 3,380 family offices, the major city is ideally placed to promote the usage of alternative risk transfer tools and ILS, according to Stephen Yiu, Chairman of the Hong Kong Insurance Authority (IA). Yiu […]
More details on the Kyrgyz Republic & Tajikistan catastrophe bonds from the ADB
The Asian Development Bank (ADB) has its first catastrophe bond offerings in the market, with two $75 million issuances that each target parametric earthquake and extreme precipitation disaster risk financing from the capital markets for the Kyrgyz Republic and Tajikistan. We revealed on Friday that the first catastrophe bonds to be offered by and set to be issued […]
ADB issuing its first parametric catastrophe bonds, for Kyrgyz Republic & Tajikistan
The Asian Development Bank (ADB) is in the market to issue its first catastrophe bonds with two offerings totalling $150 million of notes, that are designed to provide $75 million of multi-year parametric earthquake and extreme precipitation disaster risk transfer to each of the Kyrgyz Republic and Tajikistan, Artemis can report. We understand these first two catastrophe bonds […]
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 […]
Insurance-Linked Securities (ILS) education programme shortlisted for the Axco Global Insurance Awards 2026
THIS PRESS-RELEASE CAN BE DOWNLOADED IN PDF HERE Phoenix CRetro is proud to announce that it has been named a finalist in the prestigious Axco Global Insurance Awards 2026, in the Best Training Initiative in Global Insurance category. This recognition highlights not only the industry’s appreciation of our efforts to close the ILS education gap […]
Catastrophe bond market records that were broken in 2025
Catastrophe bond market activity in 2025 resulted in a landmark year of issuance for the sector, as adoption of the cat bond as a structure for reinsurance protection and alternative asset class accelerated and expanded. Beyond the headline figures, such as 2025 being the first year to see over $20 billion of cat bond issuance, […]
Thailand explores cat bonds as reinsurance capital to support disaster fund
The Thai General Insurance Association (TGIA) is backing an initiative to establish a permanent Natural Catastrophe Fund for the country in the first half of 2026, and is currently exploring the use of catastrophe bonds as a form of reinsurance capital to help support the fund, according to a report by the Bangkok Post. According […]