Industry Segments: Cat Bond Page 1 / 4
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- April 26 2024
China’s financial regulator calls on carriers to develop green insurance
The National Financial Regulatory Administration have asked (re)insurers to enhance their modelling capability, and to play a greater role in helping the society shoulder the cost of climate change.
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- April 15 2024
HK Insurance Authority courts Chinese insurers, municipalities to grow cat bond hub
- Analysis
- Cat Bond
- China
- China Re
- Insurance Authority of Hong Kong
- Peak Re
- PICC Property and Casualty
- PICC Re
The regulator is reaching out to Chinese (re)insurers and local governments as it seeks to entice potential cat bond issuers to the city and build an insurance-linked securities hub for the Greater Bay Area.
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- April 2 2024
MS&AD completes US$200m dual-tranche Singapore cat bond for Japan nat cats
The bonds will provide Mitsui Sumitomo and Aioi Nissay Dowa with US$100m each of protection for four years.
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- March 22 2024
Tokio Marine secures US$100m Japan EQ capacity with Kizuna Re III cat bond
The Singapore-domiciled bond is the first time a Japanese sponsor has used a World Bank Group Sustainable Development Bond as collateral.
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- January 25 2024
MS Amlin completes Singapore’s first-ever ILS renewal with US$35m Phoenix 2 Re
The Lloyd's player now has more than US$80m capacity in Asia through the twoi insurance-linked secuirities vehicles.
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- January 25 2024
China’s parametric pilots for nat cat cover finding early success: Taiping Re CEO
Wider use of index-based insurance and ILS is key to finding much-needed capacity for (re)insurers and widening nat cat insurance, according to Sheldon Yu.
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- January 2 2024
Philippines pilots US$14.4bn nat cat cover for ‘strategic’ government assets
The programme covers 132,862 school buildings nationwide starting January 1 and the US$36m premium for the insurance was paid using the excess payout it received from the catastrophe bond.
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- January 1 2024
Global property cat rates near-flat at 1.1 with ‘ample capacity’: Guy Carpenter
Availability of property retro capacity led to improved buying conditions, particularly at more remote levels with retention levels holding steady and greater consistency in terms and conditions.
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- December 11 2023
Lack of investor awareness stifling Hong Kong’s US$560m cat bond market
Senior executives at insurers, brokers and the World Bank applaud the city’s effort to grow its insurance-linked securities market, but challenges remain.
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- July 27 2023
Philippines eyeing national indemnity programme for 2024 after World Bank cat bond expiry
The country, hit this week by Typhoon Doksuri, is seeking US$37m in the 2024 national budget to cover the premium costs.
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- June 1 2023
New Zealand EQC completes US$135m cat bond offering
The Singapore-domiciled ILS helps the earthquake commission raise its reinsurance tower to a record US$5bn.
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- April 21 2023
Singapore extends ILS grant scheme till 2025
The Monetary Authority of Singapore's US$11.25m grant will subsidise the cost of issuing catastrophe bonds and the expanded suite of securities that focus on Asia risks.
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- April 20 2023
New Zealand EQC targeting US$155m cat bond offering in Singapore
The first ILS offering by the commission will have a four-year term and provide multi-peril cover.
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- March 29 2023
World Bank cat bond listing boosts Hong Kong’s ILS ambitions
As a risk management hub, the city is looking to attract talent, diversify business and develop an ecosystem, says HKIA's Clement Cheung.
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- March 27 2023
World Bank’s largest cat bond to list on Hong Kong bourse
The US$630m bonds-swaps combo, which provides earthquake coverage to the government of Chile, will start trading on the city exchange on March 28.
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- January 10 2023
Beazley issues first cyber cat bond
The bond is worth US$45m and will indemnify against all perils in excess of a US$300m event.
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- December 30 2022
PICC P&C issues US$32.5m Hong Kong-domiciled cat bond
The third ILS to be issued in the city offers coverage for China earthquake risks.
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- December 29 2022
Third Hong Kong ILS offering “in the pipeline”, says HKIA chairman
A new mainland reinsurer is in talks to sponsor a city-domiciled cat bond early next year, IAN can reveal.
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- December 6 2022
Hong Kong’s John Lee unveils insurance roadmap, hails ‘promising start’ for ILS
Chief executive wants market to share product ideas, as the financial secretary targets 'free flow of information, capital and talent' in the GBA.
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- September 30 2022
Nanmadol insured losses could hit US$6bn
Japanese cat bond issuers are under scrutiny as losses will likely attach some higher-risk reinsurance layers.
