پتانسیل ILS در ابتکار کمربند و جاده

با توجه به چنین هزینه های به تریلیون دلار و تحولات اصلی در 68 کشور که در سه قاره گسترش یافته است، بسیار طبیعی است که ابتکار کمربند و جاده چین در همه کشورهای شرکت کننده و بخش های تجاریتوجه خاصی را جلب می کند. AsiaInsuranceReview با Kirill Savrasov مدیر اجراییPhoenix C Retroبرمودای ILS در مورد اوراق بهادار مربوطبه بیمه به عنوان گزینه انتقال خطر با BRI صحبت کرد.

احتمالا ابتکار کمربند و جاده چین (BRI) یکی از بزرگترین پروژه های توسعه زیربنایی در تاریخ مدرنبشریت است. Kirill Savrasov، رئیس اجرایی بیمه بازنشستگیPhoenixCRetroReinsurance ، گفت: “با توجه به اندازه و تنوع جغرافیایی، پروژه های مرتبط با BRI قطعا با چالش ها و خطرات زیادی روبرو شده اند که هم برای آغازگر( مبتکر) پروژه و هم برای همه شرکت کنندگان دیگربه عنوان تخمین های فعلی برای تبدیل این پروژه به یک واقعیت از 900 میلیارد دلار تا چند تریلیون متغیر به حساب می آیند و اغلب هزینه های مالی وخدامت (زحمت)توسط شرکت های دولتی انجام می گردد.

Hong Kong government budgets for ILS

ORIGINAL PUBLICATION HERE

The government of Hong Kong included insurance-linked securities (ILS) in its budget this week, demonstrating the level of importance being placed on developing appropriate legislation in the Special Administrative Region of China.

Hong Kong began planning for the development of legislation to allow for the establishment of reinsurance related special purpose vehicles for use in ILS transactions and for catastrophe bond issuance last year and it remains a priority focus for 2019.

Hong Kong then said it was targeting getting the work to develop legislation to support ILS vehicle domiciling and transactions into its 2019-20 legislative session, which has now been confirmed at the highest levels.

Singapore’s first ILS transaction paves the way to be Asian hub

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Singapore’s first insurance-linked securities transaction (ILS) has been finalised, according to law firm Rajah & Tann Singapore which acted as Singapore counsel to the transaction. The ILS comprises a catastrophe bond sponsored by Insurance Australia Group.

The bond is the first Australian dollar-denominated catastrophe bond in the global market and a A$75m ($54m) Series 2019-1 Class A Principal At-Risk Variable Rate Notes due 17 January 2022. The bond’s issuer, Orchard ILS, is the first special purpose reinsurance vehicle (SPRV) licensed by the Monetary Authority of Singapore (MAS).

Hong Kong, Beijing discuss risk management for Belt and Road projects

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Representatives of the Hong Kong and mainland Chinese governments have held a sharing session to discuss risks associated with projects under the Belt and Road Initiative.

The session, titled ‘Belt and Road: Hong Kong – IN’ was organised by the Commerce and Economic Development Bureau (CEDB) of the Hong Kong Special Administrative Region government and the mainland Chinese State-owned Assets Supervision and Administration Commission (SASAC), Xinhua reported. Representatives from 10 state-owned enterprises and around 220 professionals from Hong Kong attended the event.

IAG sponsors first Singapore catastrophe bond, A$75m Orchard ILS Pte

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Insurance Australia Group (IAG) has sponsored its first catastrophe bond and the transaction is also the first cat bond to be issued in Singapore, using the countries’ Special Purpose Reinsurance Vehicle (SPRV) regulations.

The AUD $75 million Orchard ILS Pte Ltd transaction has broken new ground by becoming the first cat bond to be domiciled in Singapore.

IAG took advantage of the Singapore insurance-linked securities (ILS) grant scheme, which was launched in February 2018 and allows sponsors to receive a saving on issuance of their ILS transactions, hence the Orchard ILS Pte Ltd. deal provides the necessary evidence that the regulations and domicile are fit for purpose and now this deal could herald a wave of interest in issuing ILS from Singapore.

First Singapore cat bond completed in just a few weeks: Goh, Rajah & Tann

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The successful issuance of the AUD $75 million Orchard ILS Pte Ltd catastrophe bond, the first for sponsoring insurer Insurance Australia Group (IAG) and the first cat bond to be issued in Singapore, took only a few weeks, according to a lawyer who worked on the transaction.

The issuance of the Orchard ILS Pte Ltd. cat bond in Singapore opens up a new domicile for sponsors of insurance-linked securities (ILS), who may choose to follow in IAG’s footsteps to secure reinsurance from the capital markets.

Orchard ILS Pte Ltd. is the first Special Purpose Reinsurance Vehicle (SPRV) to be registered, licensed by the Monetary Authority of Singapore (MAS) and successfully put to use under Singapore’s ILS regulations.

Almaty region, bordering China, eyes expanding industry, trade and tourism

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ASTANA – In an exclusive interview with this newspaper, Akim (Governor) of Almaty oblast Amandyk Batalov shares his views on the region’s transformation from a formerly agrarian to a combined agrarian and industrial one, its efforts to attract tourists to its diverse destinations as well as its growing role as a key entry point into Kazakhstan from China as it implements its famed Belt and Road Initiative (BRI).

What socio-economic development issues are on the agenda? Are there plans to improve performance in the coming years? How much foreign investment did Almaty oblast attract in 2018 and could you tell us about the most significant projects?

Risks of natural disasters in Central Asia: how to move from response to prevention?

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The forthcoming meeting of the Heads of disaster management authorities of the Central Asian states, which will be held on April 27, 2018 in Almaty, Kazakhstan, is a good reason to set sights once again on when disaster risk reduction issue will become one of the national and regional priorities of Central Asia.