Beazley has secured $200mn of natural catastrophe reinsurance protection through its latest cat bond, Fuschia 2.
Risk transfer tools like cat bonds can help address the cyber protection gap but initial transactions have revealed some important underlying challenges, the Geneva Association has said in a recent report.
The board of the Texas Windstorm Insurance Association has approved a $485mn budget line item for ceded reinsurance and catastrophe bond spend for next year, up 22 percent from the figure in 2024.
Talanx has issued its debut catastrophe bond to provide multi-year reinsurance protection for earthquake risks in Chile.
A lack of institutional investor uptake will likely slow growth in the cyber catastrophe bond market, according to participants in The Insurer TV’s ILS panel at this year’s Rendez-Vous in Monte Carlo.
Beazley CEO Adrian Cox has doubled down on the role played by catastrophe bonds and industry loss warranty (ILW) arrangements in the carrier’s cyber reinsurance protection.
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Singapore’s government and financial regulator have signalled their support to grow the city-state’s role as a hub for parametric solutions, in the latest indicator of the rising role alternative risk transfer instruments are playing in the region.
Misconceptions are driving a backlash against parametric catastrophe bonds, Plenum Investments’ Dirk Schmelzer has told
Year-to-date cat bond issuance of $13bn across 75 issues is forecasted to surpass record issuance in 2023 of $16bn from 95 deals, according to Fitch Ratings, with Helene and Milton not expected to cause significant losses to cat bond investors.
Like many in the industry, The Insurer TV’s latest young meteor never intended to work in insurance. Initially a consultant at Baringa, Benedict Altier became fascinated with the sector, ultimately deciding to found CatX.
The (re)insurance industry’s ability to demonstrate pricing adequacy to institutional investors will be the most important driver in doubling the size of the cat bond market to $200bn by 2032, according to Nephila Climate CEO Maria Rapin.
The team behind Credit Suisse Insurance Linked Strategies Ltd has completed a management buyout with the group now operating independently from UBS Group, and the operation poised to be renamed Euler ILS Partners Ltd later this month.
As the global cyber insurance industry expands, the need for additional capacity alongside global reinsurance capacity has been growing, and the ILS market is starting to play an important role in broadening the capital base.
Just a few weeks into his new role as CEO of Aon Securities, Richard Pennay admits that “it’s certainly been an interesting time” having been met by the aftermath of two natural disasters.