Singapore to reduce investment reporting & disclosure rules for ILS issuers
In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), […]
教育差距缩小与保险连结证券 (Narrowing the Education Gap and Insurance-Linked Securities)
作者：托比·普格（Toby Pughe FCII）和基里尔·萨弗拉索夫 (Kirill K. Savrassov) 在“一带一路”倡议帮助下，新的基础设施已成功地建设了。但是自然灾害会威胁到大型基础设施项目，在新丝绸之路沿线的发展中国家造成金融动荡。保险连结证券可以减轻这种风险，但是当地机关需要更深刻地了解该工具。 Read more
World Bank CAT DDO pays out $20m for La Soufrière volcanic eruption
The Governments of Saint Vincent and the Grenadines have received $20 million in disaster risk financing support from the World Bank to aid their recovery from the recent eruption of the La Soufrière volcano, after a catastrophe contingent line of credit was triggered. The eruption of the La Soufrière volcano on Saint Vincent has triggered […]
CCRIF targets further expansion of scope and risk transfer product range
The CCRIF SPC (formerly known as the Caribbean Catastrophe Risk Insurance Facility), a parametric focused risk pooling and transfer facility for the Caribbean and Central America, is targeting further expansion in terms of its scope, as well as in terms of the range of risk transfer products it offers and to whom. The CCRIF began […]
First volcanic eruption cat bond issued for the Danish Red Cross
The very first catastrophe bond covering pure volcanic eruption risk has now been completed, with a $3 million privately placed issuance brought to market by Replexus and Howden Capital Markets and backed by leading cat bond investors for the Danish Red Cross. The catastrophe bond covers the risk of eruption of 10 volcanoes across three […]
Mieux connaître les titres liés à l’assurance (Insurance-Linked Securities, ILS)
OBOR Europe’s original publication here. Avec la BRI, de nouvelle infrastructures permettant une meilleures connectivité ont vu le jour. Mais, les désastres naturels menacent les projets d’infrastructures et peuvent créer de graves crises économiques. Pour limiter ce risque, il existe les insurance-Linked Securities (titres liés à l’assurance), mais les pouvoirs locaux doivent mieux connaître cet […]
Hong Kong ILS regulatory regime effective, ironing out implementation details
ARTEMIS: Changes to Hong Kong’s insurance and reinsurance market regulation came into effect on March 29th, including the new regulatory regime for insurance-linked securities (ILS) business. The Insurance Authority (IA) of Hong Kong has been working hard to put in place the necessary regulatory and tax regime for insurance-linked securities (ILS) issuance and business to […]
World Bank fully supportive of direct sovereign risk transfer: Bennett
ARTEMIS: The efforts of the World Bank around disaster risk financing for its members continues to be a real benefit, and while the organisation can and will do more, this isn’t about being the dominant force in the market, according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury. During last month’s […]
Hong Kong’s ILS grant scheme to cover ~US $1.6m of issuance costs
Hong Kong’s Government has revealed some of the details of its proposed insurance-linked securities (ILS) grant scheme, through which it will pay a share of issuance costs for any ILS structures issued out of the Special Administrative Region. The Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China has been preparing […]
Pacific Alliance hopes to expand cat bond to cover cyclones, floods, droughts
The Pacific Alliance, a Latin American trade bloc made up of Chile, Colombia, Mexico and Peru, would like to expand on the coverage provided by their catastrophe bonds, with hydro-meteorological risks including tropical cyclones, drought, floods and even cold weather all mooted as potential perils to include. The Ministries of Finance of the Pacific Alliance […]
