Industry Segments: ILS Page 1 / 4
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- November 20 2024
Australia’s proposed reforms would boost insurers’ credit profiles: Fitch
The proposed reforms which include insurers buying all-perils reinsurance coverage and lowering reinstatement requirements, effective June 2026, would encourage carriers to explore alternative reinsurance arrangements such as cat bonds, the rating agency said.
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- November 4 2024
‘Bright future’ for structured solutions in APAC as awareness grows: Guy Carpenter
Bridging the gap between risk appetites of cedents and reinsurers is a key theme for the market, says Guy Carpenter’s Hussain Ahmad.
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- November 4 2024
Expanding into non-ILS capital pools is a priority: MS Amlin
William Ho, MS Amlin Asia Pacific CEO, discusses the evolving regional reinsurance landscape, the impact of recent cat losses, and the reinsurer’s strategic growth plans in APAC.
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- September 24 2024
Policy support and RBC to help insurers tackle emerging challenges: Michael Wong
The government has introduced policies and a new capital regime to help the sector tackle these challenges, said acting financial secretary Michael Wong inaugurating EAIC 2024.
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- August 21 2024
Leadenhall and Bennelong launch cat bond fund for Australia and New Zealand
The two firms had in October last year joined hands to distribute ILS strategies to institutional investors in the region.
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- August 12 2024
Australia’s Colonial First State seeks to add cat bonds to pension portfolio: report
Australian pension fund managers, including Insignia Financial's MLC Asset Management, see robust returns from allocating capital to insurance-linked investments.
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- August 7 2024
Howden Re sets out long-term Japan plan, in no hurry for results: Kentaro Tada
The reinsurance broker that announced its market entry last month is eyeing life and ILS build-out in the country, says the newly installed CEO.
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- July 3 2024
Pricing and capacity ease at 1.7 renewal as underwriting scrutiny persists: brokers
Reinsurance buyers experienced a more welcoming market, and loss-free programs saw price easing at July 1 renewals compared to recent years thanks to positive results, Gallagher Re and Guy Carpenter said in their mid-year renewals reports.
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- June 6 2024
New Zealand EQC secures record US$5.7bn reinsurance cover
The country's earthquake commission has increased its total cover by US$620m year-on-year, including the US$135m cat bond placed last year, at the June 1 renewals.
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- May 6 2024
World Bank debuts US$150m Jamaica hurricane cat bond in Hong Kong
The second World Bank bond to list in Hong Kong will offer cover to the Caribbean island state against tropical cyclone events for the next four hurricane seasons up to 2027 and will have a parametric trigger.
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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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- February 28 2024
Hong Kong reiterates pledge to develop as ILS hub in 2024-25 budget
The city's financial secretary repeated its goal of developing insurance-linked securities such as cat bonds, and attracting captives as key to developing its specialty insurance market.
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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 11 2024
ILS fund Leadenhall hires Yuko Hoshino to grow Japan, Asia fundraising
London-based Hoshino will report to Lorenzo Volpi, managing partner and deputy CEO of the Mitsui Sumitomo-backed ILS investment manager.
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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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- October 20 2023
Bennelong Funds, Leadenhall Capital tie-up to promote ILS in Australia, New Zealand
ILS, which aims to transfer insurance risk to capital markets, offers attractive spreads for investors relative to their long-term average.
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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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- May 19 2023
Peak Re director Andrew Souter departs
Souter was hired in 2020 as head of global markets and ILS, and was named director, ANZ and Japan, after CUO Piotr Nowakowski took charge of the P&C business team in August 2022.
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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.
