Insurers expect minimal losses from Mexico’s September earthquakes
Ratings agency AM Best does not expect claims activity to increase significantly owing to the recent earthquakes that hit Mexico in September, as few minor damages have been reported and are unlikely to result in large insurance losses. The 7.7° magnitude shake on September 19 and one 6.9° on September 22 hit the Latin American […]
Building resilience to climate change is of paramount importance in Africa: ARC
Ahead of COP27, the African Risk Capacity (ARC) outlines the importance of parametric insurance on the African continent, highlighting the need for further collaboration with more developed nations. ARC provides parametric insurance services to African Union member states and farmer organisations to pool disaster-related risk across Africa and transfer it to international risk markets. Since […]
Bloomberg: Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders
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Summer 2022 cohort of our course has passed the qualification exam
Our sincere congratulations to the 4th cohort: Timothy Nielander, Shib Shankar Saha, Suguru Fujita, Richard Griffiths, Dewald Cillie, on obtaining “Certified ILS specialist” qualification with impressive average pass ratio of 92% at the exam. Kirill & Toby
Super typhoon Noru a potential threat to Philippines catastrophe bond
In the space of just 24 hours, typhoon Noru has explosively intensified into super typhoon Noru as it approaches the Philippines and now packing sustained winds of more than 150 mph the storm is a potential threat to the countries World Bank facilitated catastrophe bond. Meteorologists have been surprised by super typhoon Noru, which is […]
Mexico shows intent with $250m catastrophe insurance renewal
In a positive signal for the continuing use of private insurance and reinsurance capital to support the country’s natural disaster and catastrophe insurance needs, the Mexican government has renewed a $250 million layer of traditional catastrophe protection. As part of the government’s economic plans for 2023, the Mexico Ministry of Finance and Public Credit explained […]
Cedent interest in cat bonds rising, prices to attract investors: Shiv Kumar, GC Securities
The catastrophe bond market is very well-positioned, with cedent interest in utilising cat bonds as reinsurance risk transfer tools on the rise, while pricing has already risen high enough to attract investors to deploy more capital, according to GC Securities Shiv Kumar. Speaking during a Guy Carpenter pre-Monte Carlo briefing, Shiv Kumar, President of the […]
Singapore’s capital market focus for re/insurance development continues
The government of Singapore continues to look to the capital markets to push the boundaries in developing its insurance and reinsurance market, with an ambition to further develop the ability of the sector to tap capital market appetite for risk. In revealing a new growth strategy for the Singapore financial services industry, the Monetary Authority […]
Typhoon Nanmadol not expected to trigger catastrophe bonds: Plenum
Typhoon Nanmadol’s impacts in Japan are not expected to result in insurance and reinsurance market losses high enough to trouble any catastrophe bonds, according to Plenum Investments. Typhoon Nanmadol continues to affect Japan with heavy rain and its winds caused damage across a relatively wide swathe of the south west of the country. However, as […]
ILS managers with stable, deployable capital well-positioned
Two factors are currently being looked on very favourably by any institutional investors that are researching the insurance-linked securities (ILS) asset class, the stability of an ILS investment managers’ assets over recent years, and importantly how the amount that was actually deployable has fluctuated. End-investors we’ve spoken with, that are looking to either make their […]