Insurance-Linked Securities (ILS)

From sovereign disaster risk finance and critical infrastructure protection to uncorrelated, attractive, risk-adjusted and ESG meaningful portfolio diversification.

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Where insurance meet capital markets

US National Association of Insurance Commissioners (NAIC) define Insurance-linked securities as "products of the rapid development of financial innovation and the process of convergence between the insurance industry and the capital markets." 

In practical terms that means....

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Cherry picked selection of news on ILS, DRF, Reinsurance and other matters related to our activities. Updated on a weekly basis.

Cat bond growth propelled by strong investor demand: Moody’s

Moody’s has reported that the catastrophe bond market saw record issuance in 2020 despite a brief pause in Q2 following a particularly tumultuous period for the financial markets. And looking ahead through 2021, the rating agency expects cat bond issuance to continue to grow with strong investor demand for the asset class, evidenced by a reduction in spreads and upsized deals seen over the last several quarters. According to Moody’s future growth in the ILS market will likely be driven by pure cat bonds from traditional and non traditional sponsors as well

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Franklin Templeton launches UCITS cat bond fund, managed by K2’s Malawer

Investment manager Franklin Templeton has launched a new UCITS catastrophe bond fund, which is portfolio managed by Jonathan Malawer from its hedge fund specialist manager arm K2 Advisors. The Franklin K2 Cat Bond UCITS Fund is a Luxembourg based fund and part of the Franklin Templeton Alternatives Funds offering from the investment manager. The new UCITS catastrophe bond fund will be widely marketed across Europe, being registered in eleven countries in total, including the UK, France, Germany and Italy. The Franklin K2 Cat Bond UCITS Fund will be managed by

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Производные страховые инструменты (ILS) помогут решить вопрос финансирования последствий природных катастроф

Не секрет, что в рамках инициативы «Пояс и Путь» возводится или реконструируется большое количество объектов критической инфраструктуры. Однако, такие проекты подвержены рискам крупных стихийных бедствий, способных создать серьезные финансовые потрясения в транзитных странах «Нового шёлкового пути». Производные страховые инструменты (Insurance-Linked Securities) могут эффективно помочь в решении вопроса финансирования последствий природных катастроф, но представителям государств и заинтересованным специалистам необходимо больше знаний о возможностях этого инструмента. «Разрыв» в защите, т.е. разница между понесенными и застрахованными убытками, является известной проблемой для страховых рынков и государственных органов, ответственных за управление рисками. Пробелы в защите

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