Allocations to alternative investments to increase, ESG a factor: Eaton Partners
A survey of institutional investors by Eaton Partners found that almost two-thirds intend to increase their allocations to alternative asset classes and private capital markets, with 9% of respondents targeting non-correlated assets specifically, while ESG is also seen as an important factor for future investment flows. “As the world navigates new challenges related to the […]
City of Zurich pension to double insurance-linked securities allocation
The City of Zurich Pension Fund announced a rebalancing of its portfolio strategy, part of which will see the investor as much as double its allocation to the insurance-linked securities (ILS) asset class. The City of Zurich Pension Fund manages roughly 21 billion Swiss francs in assets, which equates to more than US $22.5 billion. […]
Bermuda Stock Exchange (BSX) lists first Hong Kong cat bond
The Bermuda Stock Exchange (BSX) continues to be the listing venue of choice for the catastrophe bond market with a significant percentage of the outstanding market housed there and has even won the listing for the first cat bond to be issued out of Hong Kong. The Bermuda Stock Exchange (BSX), under the strategic guidance […]
Local investors took meaningful chunk of Greater Bay Re cat bond: Aon
The first catastrophe bond to be issued out of Hong Kong positions the emerging insurance-linked securities (ILS) domicile as a gateway to global institutional capital for China’s risk transfer and reinsurance needs, according to Aon Securities, who also highlighted that local investors participated in the transaction. Aon Securities, the capital markets structuring and broker dealer […]
Catastrophe bonds broaden China’s risk diversification channels: China Re
The issuance of the first catastrophe bond through Hong Kong has helped to open up a new channel for risk diversification for the domestic catastrophe insurance market, according to the sponsor of the Greater Bay Re Ltd. (Series 2021-1), China Re Group. Last week we reported that China Re had successfully secured the issuance of a […]
First Hong Kong cat bond, Greater Bay Re gets China Re $30m of typhoon cover
The very first catastrophe bond to be issued out of Hong Kong has now been completed, with a $30 million Greater Bay Re Ltd. (Series 2021-1) cat bond coming to market on behalf of sponsoring reinsurer China Re. The transaction actually completed in September, but has only come to light this morning as it was relatively […]
Ledger Investing launches Nanorock casualty ILS fund
Ledger Investing has launched its first insurance-linked securities (ILS) fund, a casualty risk focused strategy backed by a single investor, and an ILS management unit, Ledger ILS Managers LLC. While the firm plans a $300 million co-mingled casualty ILS fund strategy as well. Using its own technology platform, a marketplace for connecting capital market investor […]
LADWP gets $30m of wildfire cover from new Power Protective Re cat bond
California based utility the Los Angeles Department of Water and Power (LADWP) has finally secured $30 million of wildfire insurance cover from its second catastrophe bond issue, after the Power Protective Re Ltd. (Series 2021-1) deal was priced at the raised coupon level. The eventual and successful pricing of this second Power Protective Re cat bond […]
BlackRock aims to raise $2.3bn+ for ESG fund that targets cat bonds
Giant asset manager BlackRock is aiming to raise more than $2.3 billion for its new environmental, social and governance (ESG) investment fund strategy that includes catastrophe bonds as one of its target asset types. As we were the first to cover back in August, the investment manager is marketing the soon to launch BlackRock ESG […]
UNDP launches Insurance & Risk Finance Facility, ILS support anticipated
The United Nations Development Programme (UNDP) has today launched the Insurance and Risk Finance Facility (IRFF), a new initiative that aims to build financial resilience and bridge a $1.4 trillion global health, mortality, and disaster protection gap, with support from the insurance-linked securities (ILS) market expected in future. Importantly, this Insurance and Risk Finance Facility […]
