ILS Related


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

Interview to Investing in Private Markets, Europe 2020 Report: “Growth potential and resilience of ILS as an alternative capital”

PDF VERSION AVAILABLE HERE. FULL REPORT CAN BE DOWLOADED FOR FREE HERE. Investing in private markets remains a prevalent strategy for institutional asset owners, and one that has demonstrated resilience even through the duration of the first quarter of this year as the Covid-19 pandemic spread across the globe. This is not to say private markets investment has been without issue, in the early months of the pandemic investing capital proved problematic in part because

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Catastrophe bond spreads back at their highest since 2012/13

FULL ORIGINAL PUBLICATION HERE Artemis’ data on the catastrophe bond market shows that excess spreads, so the return available above expected loss, of new issuance so far in 2020 is now back at levels last seen in 2012/13. The market for catastrophe bonds and related insurance-linked securities (ILS) has already broken records in 2020, with more set to fall. Earlier in November, our Deal Directory saw a first record broken as the number of deals issued in 2020

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Demonstrated value of ILS during COVID to drive capital to the market: Aon

FULL ORIGINAL PUBLICATION HERE The fact insurance-linked securities (ILS) such as catastrophe bonds and other reinsurance-linked assets clearly demonstrated their value during the height of the COVID-19 pandemic financial market volatility, is likely to draw investors to the sector, Aon Securities believes. The most negative effect of the pandemic on catastrophe bonds was a brief pause in issuance, for around a month at the height of the global lockdowns in late March into April. Aside

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Alphabet (Google) returns for second cat bond to top up quake cover

FULL ORIGINAL PUBLICATION HERE Alphabet, Inc., the holding company for tech giant Google and its units, has returned to the catastrophe bond market in very quick succession to add a second $95 million Phoenician Re Ltd. (Series 2020-2) transaction, clearly pleased with the pricing and execution of its first. Alphabet had only priced its first catastrophe bond issuance, the Phoenician Re Ltd. (Series 2020-1)  transaction in the last week, securing the targeted $237.5 million of California earthquake insurance protection

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Turker Re launches Capital Solutions unit & Turkey quake ILW product

FULL ORIGINAL PUBLICATION HERE Turker Re, a Lloyd’s broker with a significant insurance and reinsurance broking footprint in the Turkish marketplace and surrounding region, has launched a new product offering of a Turkey earthquake industry loss warranty (ILW) as the first under a new Capital Solutions unit. The broker hopes to create a new market category for insurance, reinsurance and insurance-linked securities (ILS) companies, offering the Turkish earthquake ILW as an effective hedging tool for

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Hamilton looks to Singapore for first full cat bond with Easton Re Pte. Ltd.

FULL ORIGINAL PUBLICATION HERE Hamilton, the Bermuda based insurance and reinsurance holding company, is entering the catastrophe bond market for its first full, syndicated Rule 144a transaction and Singapore is to be the domicile of choice, after the company registered Easton Re Pte. Ltd.  as an issuer. Our sources told us that Hamilton would likely return to the catastrophe bond market towards the end of this year, as it seeks out third-party capitalised retrocessional reinsurance protection

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Alphabet’s (Google’s) first catastrophe bond priced on-target at $237.5m

FULL ORIGINAL PUBLICATION HERE The first catastrophe bond to be sponsored directly for the benefit of Alphabet, Inc., the holding company for Google and its many units, has now been priced on-target at the mid-point of guidance, while the Phoenician Re Ltd. (Series 2020-1)  cat bond transaction will close at the same $237.5 million size it launched at. Alphabet, which acts as a holding company for all of the Google tech operations, entered the catastrophe bond

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Singapore Gov calls for catastrophe bond cooperation with China

FULL ORIGINAL PUBLICATION HERE China’s western region and in particular the municipality of Chongqing with its population of over 31 million, which includes the megacity of the same name, could benefit from cooperation on topics such as disaster insurance, with catastrophe bonds seen as an opportunity, according to the Singapore government’s Monetary Authority. Speaking at the 3rd Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial Summit this week, Ravi Menon, Managing Director at the Monetary Authority of

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Briefing – ILS: resilience despite the thrills

FULL ORIGINAL PUBLICATION HERE Institutional investors have piled into insurance-linked securities (ILS) with the goal of adding reliable returns and a touch of diversification to their investment strategies.  A series of natural catastrophes has made investors more aware of the risks embodied in insurance-linked securities ILS have proven less liquid than expected in the wake of these disasters Catastrophe bonds are the most traditional and most liquid ILS instrument A series of natural catastrophes that

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