Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest March 29, 2023 By Esteban Duarte and Marcelo Rochabrun Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters...
Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar March 27, 2023 By Lucca de Paoli Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked...
DeSantis Turns Heads with Comment that Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond March 20, 2023 By William Rabb Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has...
Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme January 11, 2023 By Lucca de Paoli and Tasos Vossos Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters,...
Beazley Launches Global Re/insurance Market’s First Cyber Catastrophe Bond January 9, 2023 Specialist insurer Beazley has launched the global insurance market’s first cyber catastrophe bond. The $45 million bond gives Beazley indemnity...
World Bank Seeks to Restart Cat Bond Issuance to Boost Emerging Nations’ Resilience December 7, 2022 By Esteban Duarte The World Bank is looking to restart the issuance of catastrophe bonds to help developing countries improve their preparedness for...
Hurricane Ian Threatens Heavy Losses for Catastrophe Bond Holders September 30, 2022 By Max Reyes Investors who backstop Florida’s insurance industry by buying catastrophe bonds are girding for substantial losses from Hurricane Ian, threatening to...
Barbados Issues 1st Pandemic-Protected Bond, Which Also Covers Natural Disasters September 22, 2022 By Marc Jones Barbados has issued the world’s first government bond with a clause allowing payments to be suspended in the event of...
New Lloyd’s Insurer Inigo Issues Inaugural Catastrophe Bond April 8, 2022 Inigo Ltd., the new Lloyd’s insurer, has entered the catastrophe bond market for the first time, less than 18 months...
MS Amlin Launches 2nd Asia-Focused Special Purpose Reinsurance Vehicle for ILS January 6, 2022 MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s global specialty re/insurer, announced its Singapore-based operation has launched its second local...