Category: Partners & Alumni

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 […]

Peak Re gets Black Kite Re cat bond at top of raised target – $150m

Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) has now secured $150 million of Japanese typhoon retrocession with its first ever catastrophe bond, as the Hong Kong domiciled Black Kite Re Limited (Series 2022-1) issuance priced near the top-end of raised guidance. Peak Re entered the catastrophe bond market for the first time a […]

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 […]

Climate-vulnerable countries gain resilience through disaster risk finance and insurance

New UNDP initiative addresses underlying challenges to building resilience through disaster risk finance and insurance in Least Developed Countries (LDCs) and Vulnerable Twenty (V20) countries. In 2021, economic losses from disasters caused by natural hazards totalled almost $270 billion. The impact of  disasters can significantly undermine development progress and push communities deeper into poverty, making them […]

One of the best entry opportunities to catastrophe bonds: Ramseier, Twelve

Current market conditions make allocating to the catastrophe bond asset class a particularly attractive prospect for investors at this time, according to Twelve Capital Founding Partner & Group CIO, Dr. Urs Ramseier. In a letter, Ramseier sets out the Twelve Capital view on the current geopolitical landscape, and how the invasion of Ukraine by Russia […]

Drought-affected Mali to benefit from $7.1m ARC replica payout via the WFP

More than 204,000 people in drought-affected parts of Mali are set to benefit from a $7.1 million payout by the African Risk Capacity (ARC) to the United Nations World Food Program (WFP), an ARC replica technical partner which has been subscribing to the climate insurance policy in Mali since 2017. The ARC replica program was […]

Relative value of ILS investing evident in 2021: Swiss Re

2021 saw the catastrophe bond market soften, with a trend towards tightening across most of the year, but differentiation remained, driven by investor appetites, but according to Swiss Re Capital Markets the relative value of the insurance-linked securities (ILS) asset class persists. As we explained yesterday, the end of the year saw cat bond investors […]

Congratulations to our alumni, co-founder of Reask, on winning Catastrophe risk modelling solution of the year by ERM

The winner of catastrophe risk modelling solution of the year has used cutting-edge technology to develop a novel technique that is showing potential to fill growing protection gaps against natural catastrophes. Metryc, a global tropical cyclone parametric calculation agent from risk modelling firm Reask, was launched in 2021 and already has clients. One of InsuranceERM‘s independent […]