K2 sees cat bonds as stand-out for growth. Price discipline drives spreads
Increased investor price discipline across insurance-linked securities (ILS) and reinsurance linked investments is helping to drive returns higher, but catastrophe bonds are the stand-out as the ILS market segment likely to grow in 2022, according to K2 Advisors. The investment research team of K2 Advisors, the hedge fund focused asset manager unit of investment firm […]
ILS gains attention as climate change felt around the world: HK IA’s Cheung
On announcing the completion of the second catastrophe bond issuance domiciled in Hong Kong, the Insurance Authority’s CEO Clement Cheung explained that insurance-linked securities (ILS) are a focus as they gain increasing attention. The Insurance Authority said that it welcomes the second issuance of insurance-linked securities (ILS) in Hong Kong. As we’ve been reporting for […]
SBAI publishes responsible investment guidance for ILS funds
The Standards Board for Alternative Investments (SBAI) has published a new guidance document that covers responsible investment within the insurance-linked securities (ILS) fund management industry. The SBAI had already ramped up its focus on environmental, social and governance (ESG) alongside responsible investing within various asset management segments. This included the publication of toolkits to help […]
Peak Re’s cat bond to be first to use Hong Kong ILS grant
Having recently completed the sponsorship of its first ever catastrophe bond, Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) wants to play an important role in helping to develop Asia’s insurance-linked securities (ILS) market and building regional resilience. This is according to Franz Josef Hahn, CEO of Peak Re, who in commenting on […]
Swiss Re opts for zero-coupon & multi-year notes in new Matterhorn Re cat bond
Global reinsurance giant Swiss Re is making headway with the issuance of its newest catastrophe bond, the $150 million targeted US hurricane focused Matterhorn Re Ltd. (Series 2022-2) deal and it seems zero-coupon and multi-year protection are proving most economical. As we reported on May 24th, Swiss Re was back in the catastrophe bond market […]
Peak Re sponsors 144A catastrophe bond in Hong Kong
Hong Kong-based global reinsurer, Peak Re has issued a US$150 million 144A catastrophe bond via Black Kite Re Limited, a newly established special purposed insurer in Hong Kong. As part of the transaction, Peak Re has entered into a retrocession arrangement with Black Kite Re, providing Peak Re with a multi-year protection against typhoon risk […]
Aussie deep science startup Reask is calculating climate catastrophe on a global scale
Reask co-founder Nick Hassam is speaking at InsurTech Connect Asia in Singapore this week as part of an AusTrade delegation to explain how the company uses data, technology and high-performance computing for climate catastrophe risk modelling. His return to Asia is poignant, since the last time he visited was five years ago for the 15th […]
Hong Kong Insurance Authority welcomes the second issuance of insurance-linked securities
The Insurance Authority (IA) today (3 June 2022) welcomed the second issuance of insurance-linked securities (ILS) in Hong Kong. This takes the form of a catastrophe bond amounting to US$150 million (equivalent to around HK$1.18 billion) sponsored by Peak Reinsurance Company Limited via Black Kite Re Limited, another authorized special purpose insurer, structured to cover […]
Cat bond issuance surpasses $5.1bn, $2.2bn more in pipeline
Issuance of new catastrophe bonds and related insurance-linked securities (ILS) has already surpassed $5.1 billion in 2022 and there are already another nearly $2.2 billion in the pipeline that could complete before the middle of the year. However, despite how buoyant catastrophe bond market activity appears to be, we’re still a long way off the […]
Speed key to capitalise on cat bond spreads multi-year high: Twelve
For investors considering entering the catastrophe bond market, or increasing their allocations to it, during this period of multi-year high cat bond spreads, “speed is of the essence” according to investment manager Twelve Capital, as this opportunity won’t last for long. In a new paper, Twelve Capital explains its view as to what has driven […]