catastrophe bonds News

Insurance Linked Securities’ Issuance Reaches Record $1.6B in Q3: Willis Re

The issuance of non-life insurance linked securities during the third quarter reached a record $1.6 billion, according to a report published by Willis Re. The total exceeds the former Q3 record of $1.4 billion achieved in 2013, and is well …

Philippines Weighs Sponsorship of Catastrophe Bond Issue

The Philippines’ finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American earthquakes. The so-called cat bonds would help …

Why Catastrophe Bonds Are Anything But a Disaster: Viewpoint

Leave it to catastrophe bonds to be among the most well-functioning debt markets out there. Issuance of “cat bonds” has climbed to more than $11 billion this year, about the same as this time in 2017, when sales hit a …

Catastrophe Bonds – A to Z

A reader of this publication, the president of an insurance agency, recently wrote to say he kept hearing about catastrophe bonds but had little knowledge of what they were. He was curious if these instruments would replace traditional reinsurance and …

Casualty: The Next ILS Frontier?

Executive Summary: While progress has been made in the development of casualty insurance-linked securities (ILS), there still is significant work to do, says Aaron C. Koch of Milliman, who discusses some of the key structural and product design questions that …

Global Catastrophe Bonds Set Q1 Record: Aon

Global catastrophe bond issuance broke a first-quarter record, come in at nearly $3.6 billion for Q1 2018 as the market expanded into new areas, Aon Securities said in its latest report. The $3.58 billion in insurance linked securities were spread …

Aon Securities Structures Largest-Ever Earthquake Catastrophe Bond for World Bank

Aon Securities, the investment banking division of reinsurance intermediary and capital adviser Aon Benfield, has assisted the World Bank in structuring the largest-ever catastrophe bond covering earthquake, which provides the organization with US$1.36 billion of capital markets’ protection. The bond …

Capital Markets Still Keen on ILS Investments Despite 2017 Disaster Claims: WTW

The insurance linked securities (ILS) sector is set for another year of growth as the market recovers from 2017’s natural disasters, replaces lost capital and investors show mounting interest in ILS products. These are the findings of the latest quarterly …

Alternative Capital Responds to 2017 Catastrophes with ‘Show of Strength’: Aon Benfield

Hurricanes Harvey, Irma and Maria represented the first real test of the staying power of the alternative capital sector, which has responded with a show of strength by continuing to fund reinsurance capacity, according to a report published by Aon …

Catastrophe Bond Issuance Tops New Record of $10.5B in 2017: Verisk Report

Catastrophe bond issuance surpassed $10.5 billion in 2017 – a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are significantly higher than the last record – 2014’s $7.8 …