ILS Related


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

Congress should bring ILS issuance onshore to the U.S. – Syroka, Fermat

FULL ORIGINAL PUBLICATION HERE The United States Congress has been urged to consider making it more attractive to issue insurance-linked securities (ILS) onshore, as this would make it easier for public and private entities in the country to access the capital markets for risk transfer, Joanna Syroka of Fermat Capital Management has said in testimony. Speaking to the Select Committee on the Climate Crisis of the U.S. Congress earlier this month, Syroka explained that the

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Parametrics to grow in areas where indemnity models struggle: panellists

FULL ORIGINAL PUBLICATION HERE While parametric insurance will never replace indemnity structures, they are expected to be leveraged more widely in areas where indemnity models struggle to provide adequate solutions, according to Richard Chattock, Chief Executive Officer (CEO) at London-headquartered, Insurtech Gateway. On the final day of the virtually held ILS Bermuda Convergence 2020 conference, attendees heard from a panel of insurance-focused venture investors from across the re/insurance and insurance-linked securities (ILS) markets. Moderated by

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COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

FULL ORIGINAL PUBLICATION HERE Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, investment manager City National Rochdale said that it sees a dynamic

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Jamaica still aims for catastrophe bond with World Bank support

FULL ORIGINAL PUBLICATION HERE The Government of Jamaica will continue to work alongside the World Bank and other multi-lateral groups to increase its disaster insurance protection this year, even though its priority is a swift economic recovery after the Covid-19 pandemic. Jamaica had been planning a catastrophe bond issuance for this year, to enhance its disaster insurance arrangements. The cat bond deal, which has been a work-in-progress for some years now, as we’ve documented regularly, was

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The BRI and the need for its transit infrastructure protection against natural disasters

ORIGINAL PUBLICATION HERE Countries in Central Asia and Eastern Europe that have been recipients of Chinese investment via projects associated with its Belt and Road Initiative (BRI) should use parametric sovereign cat bonds to insure themselves against the risk of natural disasters. Belt and Road Initiative has created an even greater need for comprehensive protection solutions across Central Asia and Eastern Europe as China has spent tens of billions of dollars in infrastructure across the

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La BRI et la protection des infrastructures contre les désastres naturels

PUBLICATION ORIGINALE ICI Les pays d’Asie centrale et d’Europe de l’Est qui reçoivent des investissements chinois dans le cadre de l’initiative « Belt and Road » (BRI) pourraient être intéressés par l’utilisation d’obligations souveraines paramétriques pour se prémunir contre les risques de catastrophes naturelles. L’initiative « Belt and Road » a créé un besoin important de solutions de protection complète en Asie centrale et en Europe de l’Est, car la Chine a investi des dizaines de milliards de dollars

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Academics call on re/insurers to abandon cat models relying on historical data: Convergence 2020

ORIGINAL PUBLICATION HERE A panel of academics at ILS Bermuda’s Convergence 2020 conference has slammed the re/insurance industry’s catastrophe prediction models as not fit for purpose. Cat models that use historical inputs are based on “short and incomplete” data that would be misleading, even if the data were comprehensive, because of the impact of climate change, said Professor Kerry Emanuel, professor of atmospheric science at the Massachusetts Institute of Technology. Speaking on a panel titled

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ILS tells a compelling ESG story: Carey Olsen

FULL ORIGINAL PUBLICATION HERE Amid the ongoing expansion of the market for sustainable investment, there’s an opportunity for the insurance-linked securities (ILS) sector to show its alignment with environmental, social and governance (ESG) factors, according to law firm Carey Olsen. Intensified by the wide-ranging effects of the ongoing Covid-19 pandemic, heightened awareness of the complex ESG challenges currently faced by society has accelerated the need for global businesses to demonstrate a commitment to sustainability, in

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How Much Do Hurricane Proof Windows Cost

ORIGINAL PUBLICATION HERE In this detailed cost guide we walk you through everything you need to do know how much hurricane proof windows cost, the different types of hurricane windows and the pros and cons. What are Hurricane Proof Windows? Hurricane Windows are designed to receive impact, usually caused by severe weather – like a hurricane. The glass used to make these impact resistant is much like the glass found on the windshield of an automobile. Although

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