Asia’s cat bond & insurance-linked securities market to expand: Fitch
We should expect accelerating catastrophe bond issuance from Asia’s ILS domiciles, more cat bond and insurance-linked securities sponsors to emerge from the region and a gradual increase in use of alternative reinsurance capital in Asia Pacific, according to Fitch Ratings. The rating agency explained in a recent report that it anticipates continued momentum in insurance-linked […]
Bloomberg: Cat-Bond Market Rises to Record With $8.5 Billion of Issuance
Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued, according to a report from Swiss Re AG. The insurance-linked securities market could end up with more than $10 billion in issuance for the full year, the reinsurer said in a report released Wednesday. The […]
Cat bond market can grow to $50bn, pandemic risk & ESG are drivers: Swiss Re
After a particularly busy first-half of 2021 for catastrophe bond issuance, global reinsurance firm Swiss Re’s Capital Markets unit believes that a $50 billion market is possible by 2025 and that two drivers of further insurance-linked securities (ILS) market growth could be pandemic risk and ESG. In its latest Insurance-Linked Securities Market Insights report, Swiss […]
BlackRock launches ESG fund with cat bonds a targeted asset
Investor demand for environmental, social and governance (ESG) appropriate investment opportunities and asset classes is expected to become a key driver for the insurance-linked securities (ILS) market going forwards and a new fund launch from giant asset manager BlackRock only serves to reinforce this belief. While there are still very few insurance-linked securities (ILS) or […]
Cat bond fund size matters, but bigger isn’t always better: Plenum’s Schmelzer
When it comes to constructing a catastrophe bond fund it is important to consider market limitations, in terms of size and the availability of diversification. Given the cat bond market is only so large, there is a point at which growth in fund assets can come at the expense of returns, according to Plenum Investments […]
Timing more important than tenure for ILS investors: Lane at ILS Asia
While it’s not essential to invest in the insurance-linked securities (ILS) asset class for decades to achieve expected returns, it is important that investors time their entry into the space, according to Morton Lane, President, Lane Financial LLC and Director, MSFE Program, The University of Illinois in Urbana-Champaign. As part of our virtual ILS Asia […]
Agricultural Impacts of Flooding in Henan, China
The record rainfall that hit the province of Henan in China the week of July 19 caused extensive flooding that led to mass displacement and casualties. Some reports provided estimated impacts to the agricultural sector. Here, we put those estimates into context for the agricultural insurance market in China. FULL PUBLICATION HERE
Российские аграрии потеряли миллиарды из-за погоды
В российских регионах, в которых был объявлен режим чрезвычайной ситуации (ЧС) из-за потерь в сельском хозяйстве, было застраховано более полутора миллионов гектаров посевов, пишет «Коммерсантъ» со ссылкой на данные Национального союза агростраховщиков (НСА). Всего с ЧС на фоне экстремальных погодных условий, засух и других природных бедствий к моменту подготовки оценок столкнулись 13 субъектов, в девяти […]
Germany & China see costliest disaster losses ever from July flooding: Aon
Both Germany and China have experienced their most costly insured natural disaster loss events in history in July, with both largely related to the impacts of devastating flooding, according to insurance and reinsurance broker Aon. Germany is expected to face around US $20 billion in economic losses, while across Europe the July flood event is […]
As ESG transparency factors into renewals, what does that mean for ILS?
Broking powerhouse Aon has highlighted that environmental, social and governance (ESG) transparency is increasingly a factor in commercial and business insurance renewals, which suggests this will eventually cascade to reinsurance and retrocession renewals as well. Commenting specifically on insurance renewals, Aon explains that ESG transparency is increasingly demanded of protection buyers, as major insurers become […]
