catastrophe bonds News

Blockchain Used as Settlement Mechanism for Cat Bond with Parametric Trigger

Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which …

World Bank Catastrophe Bonds to Provide Mexico with Disaster Cover of $360M

The World Bank Group issued its largest catastrophe bond, providing Mexico with financial protection of as much as $360 million against losses from tropical cyclones and earthquakes. Mexico is among the countries most vulnerable to natural disasters, the bank said …

Catastrophe Bond Market Breaks New Records in 2nd Quarter, 1st Half: Aon Study

Catastrophe bond issuance during the second quarter stood at US$6.38 billion across 20 transactions – a new record for quarterly issuance that surpassed the previous record of US$4.49 billion set in Q2 2014, according to a report issued by Aon …

ILS Issuance in Q2 Breaks New Record at $6.3B: Willis Towers Watson

Non-life insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, according to a report by Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. …

Cat Bond Issuance Saw Robust Start to 2017: Aon Benfield

Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the re/insurance investment banking division of Aon Benfield. These transactions are …

ILS Market Continues Growth Trend in Q1 2017: Willis Towers Watson

Non-life insurance-linked securities (ILS) capital grew again in Q1 2017, continuing the trend from 2016, according to the latest ILS Market Update from Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. Following a strong Q4 2016, …

April 1 Renewals Saw ‘Disciplined Softening’ with Ample Capacity: Aon & Willis Re

With abundant capacity, aggressive capital market competition and acceptable returns for global reinsurers, it’s no wonder that the elusive bottom of soft market pricing was not evident at the April 1 renewals. During 2016, global reinsurers generated “an acceptable, though …

Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report

Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, according to an Aon report. The first quarter of 2016 saw a …

Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield

Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according to a report published by Aon Benfield. The report …

Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs

Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according to a report published by A.M. Best. …