ILS Related


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

Florida ILW price indications up as much as 50% year-on-year

With the Florida reinsurance renewals fast approaching, it’s interesting to learn that indicative pricing for industry-loss warranty (ILW) protection covering hurricanes affecting the state is up significantly year-on-year, but actual market pricing may be flat or even down. Please read our update at the foot of this article. The market for typically retrocessional reinsurance protection structured in industry loss warranty (ILW) form has been one of the areas that saw a contraction of available capacity

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Surge in cat bond market set to continue in 2021

The catastrophe bond market saw robust activity last year as new sponsors and tightening retrocessional reinsurance capacity helped buoy the sector, and the trend is expected to continue. Both the 2020 top line issuance of $11 billion of property cat bond limit placed and the fourth-quarter total of $3.7 billion were records, according to a report released last week by Aon Securities, a unit of Aon PLC. New sponsors helped drive cat bond activity in

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ILS is a growing part of the ESG mosaic, say industry experts

As responsible and sustainable investing continues to gain traction, the insurance-linked securities (ILS) asset class is expected to play an increasing role, but it’s important that the sector tells its own environmental, social and governance (ESG) story. This is according to ILS and reinsurance industry experts speaking recently at the virtually held SIFMA Insurance and Risk Linked Securities conference. The opening day of the event ended with a panel discussion on the future of ESG

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Abu Dhabi Investment Authority exploring reinsurance market entry

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth investment fund owned by the Emirate of Abu Dhabi and tasked with investing funds on behalf of the Government of the Emirate, is looking to expand its activities in reinsurance with its own carrier and also insurance-linked securities (ILS), we’re told. Sources have told us that the Abu Dhabi Investment Authority (ADIA) has been running a beauty parade of reinsurance brokers and advisories in recent months,

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Cat bond to narrow Jamaica’s natural disaster financing gap: World Bank

Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap. As yet, the World Bank’s catastrophe bond for Jamaica has not come to market, but it is expected within the coming two months or so, in advance of the peak of the 2021 hurricane season. Jamaica’s catastrophe bond has been a work-in-progress

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Hong Kong reveals insurance-linked securities (ILS) grant details

Hong Kong’s Insurance Authority (IA), the independent insurance and reinsurance regulator for the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China, has now published initial details of its insurance-linked securities (ILS) grant scheme. Back in February of this year, Financial Secretary of Hong Kong Paul Chan revealed plans for a Pilot Insurance‑linked Securities Grant Scheme that will pay as much as HK $12 million per issuance, which is close to

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Singapore to reduce investment reporting & disclosure rules for ILS issuers

ARTEMIS: In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), the country’s Monetary Authority has promised to listen to the industry and work to update its offering for ILS

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作者:托比·普格(Toby Pughe FCII)和基里尔·萨弗拉索夫 (Kirill K. Savrassov) 在“一带一路”倡议帮助下,新的基础设施已成功地建设了。但是自然灾害会威胁到大型基础设施项目,在新丝绸之路沿线的发展中国家造成金融动荡。保险连结证券可以减轻这种风险,但是当地机关需要更深刻地了解该工具。 保护缺口,即经济损失和保险损失之间的差额,对保险市场和风险管理负责人都是致命的反映。发达市场和新兴市场都存在着保护缺口,但在发达市场中,巨灾风险覆盖率约为35%,而在发展中国家仅为6%。根据AON的数据,去年自然灾害带来了2,680亿美元的经济损失,其中只有970亿美元得到了保险。发展中国家遭受的未保险损失所占比例过大,在与气候变化有关的自然灾害持续了数十年之久之后,企业和政府所遭受的损失却有增长。 Read more

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Mieux connaître les titres liés à l’assurance (Insurance-Linked Securities, ILS)

Avec la BRI, de nouvelle infrastructures permettant une meilleures connectivité ont vu le jour. Mais, les désastres naturels menacent les projets d’infrastructures et peuvent créer de graves crises économiques. Pour limiter ce risque, il existe les insurance-Linked Securities (titres liés à l’assurance), mais les pouvoirs locaux doivent mieux connaître cet outil. L’écart de protection, -la différence entre les pertes économiques et les pertes assurées-, est une illustration brute du fonctionnement du marché de l’assurance et

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