一带一路国家与保险连接证券

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Phoenix CRetro保险证券公司总裁吉里尔·萨符拉索夫Kirill Savrassov)指出,由于巨大的投资在整个欧亚区域注入一带一路倡议,引入巨灾债券可以帮助政府负债表免除风险,并加强宏观经济稳定性,同时也提供迅速的资金恢复途径。

我在写这篇文章的那一天,5.8级地震震动了伊斯坦布尔,造成了居民恐慌,学校和公务单位的撤离。其也在土耳其人口最大的城市里导致了清真寺的尖塔倒塌。

土耳其地震同一周之内,在东北巴基斯坦也发生了5.8级地震现象,造成38人死亡及700多人受伤。其也对这个巴基斯坦区域内的基础设施和路途造成了广泛的损害。

1999年,在土耳其西部发生的7.4级地震造成了17,000多人死亡。除了威胁伊斯坦布尔这个城市,最新的颤动强烈提醒我们,土耳其作为欧亚大陆的一部分一直面临着各种自然灾害和地震的威胁。

Belt & Road countries and Insurance Linked Securities

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Phoenix CRetro Reinsurance Company chief executive Kirill K Savrassov says as huge investments are being poured into the Belt and Road Initiative (BRI) across Asia and Europe, introduction of catastrophe bonds can take the risk off the government balance sheets and reinforce macro-economic stability while providing access to rapid recovery funding.

The day I was writing this article, an earthquake measuring 5.8 magnitude shook Istanbul, causing panic amongst residents, evacuation of schools and public offices. It also led to the collapse of the minaret of a mosque in Turkey’s most populous city with more than 15m residents.

The Turkish quake happened during the same week in which another 5.8 magnitude quake event in north-eastern Pakistan killed 38 people and injured more than 700. It also caused extensive damage to infrastructure and roads in that region of Pakistan.

Belt and Road’s opportunities

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As investments into China’s Belt and Road Initiative (BRI) increase, Kirill Savrassov, CEO of Phoenix CRetro Reinsurance Company, told Baden-Baden Today that it represents big opportunities and challenges for the reinsurance industry, especially from a cat perspective.

He said the project, led by China and sometimes described as a multibillion dollar rebirth of the Silk Road, offers a key opportunity in exponential demand in additional cat capacity from local BRI transit markets.

However, he flagged potential challenges, saying: “I would note state ownership of critical infrastructure, low insurance penetration—below 2 or even 1.5 percent— with general underdevelopment of local markets in BRI transit countries, and existing and potential protectionism in re/insurance.”

Protecting the Belt & Road

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China’s Belt and Road Initiative, the economic project which aims to recreate the ancient Silk Road that linked Europe to Asia, needs protecting. ILS could provide the perfect solution, as Kirill K. Savrassov, chief executive of Phoenix CRetro Reinsurance Company, tells Bermuda:Re+ILS.

In September a 5.8 magnitude earthquake shook Istanbul, triggering the evacuation of schools and public buildings and damaging buildings. The same week, a 5.8 magnitude event killed 38 people and caused massive damage to infrastructure and roads in north-eastern Pakistan.

For Turkey it represented a stark reminder of how bad these events can be. In 1999, a 7.4 magnitude earthquake in the western part of the country killed more than 17,000 people.

Interior non-correlation of ILS helps capital flow, provides relative value: Millette

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The “interior non-correlation” of insurance and reinsurance means that the ILS market can help capital flow more smoothly from end-to-end, while investors can access relative value thanks to the diversification within the sector, according to Michael Millette.

The founder and managing partner of specialist insurance-linked securities (ILS), reinsurance and transportation focused investment manager Hudson Structured Capital Management was speaking today in Bermuda during a panel session at the Convergence 2019 conference.

Millette was discussing what makes insurance an attractive market to invest in and why at his firm Hudson Structured they see value in many segments of the global market.

ILS plays vital role, convergence continues apace: ILS Bermuda speakers

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The insurance-linked securities (ILS) market plays an increasingly important role in supporting global insurance and reinsurance protection, while at the same time the convergence of ILS with traditional market structures continues apace.

Introducing today’s ILS Bermuda Convergence 2019 conference held in Hamilton, speakers discussed the key role of ILS in the world and Bermuda’s significant role in supporting and driving its growth.

Kathleen Faries, the Chair of the ILS Bermuda Ltd. organising committee, explained that “the lines are blurring” between the alternative and the traditional in reinsurance, as ILS growth continues and the capital markets find an increasingly wide range of ways to tap into insurance-linked returns.

Rochdale ILW fund puts capital to work, grows, but Irma dents returns

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Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop.

The City National Rochdale Select Strategies Fund is a largely industry loss warranty (ILW) focused reinsurance and retrocession investment strategy focused on global peak peril zone and regional U.S. ILW contract investments.

It accesses this broad exposure through its relationship with the experienced ILW and index reinsurance investment team of asset manager Neuberger Berman, investing its assets in the cells of the Neuberger Berman ILS team’s NB Re Ltd. vehicle (previously named Iris Re) in order to source its risk-linked returns.