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Mitsui Sumitomo sponsors $75m Akibare Re 2020 Japan typhoon & flood cat bond
Mitsui Sumitomo sponsors $75m Akibare Re 2020 Japan typhoon & flood cat bond
Mitsui Sumitomo, an MS&AD Holdings insurance company, has returned to the catastrophe bond market to top-up its capital markets backed reinsurance protection with a currently $75 million Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction.
#ART#ILS#CAT
·artemis.bm·
Mitsui Sumitomo sponsors $75m Akibare Re 2020 Japan typhoon & flood cat bond
Pandemic cat bond price plummets on growing coronavirus threat
Pandemic cat bond price plummets on growing coronavirus threat
The secondary market price for the tranche of the World Bank’s pandemic catastrophe bond that is most at-risk of paying out due to the spreading global coronavirus outbreak has plummeted, while the lower risk tranche has now also been marked down.
#ART#ILS#CAT
·artemis.bm·
Pandemic cat bond price plummets on growing coronavirus threat
Mexico's sustainable World Bank cat bond grows 14% to reach $485m
Mexico's sustainable World Bank cat bond grows 14% to reach $485m
Mexico’s latest World Bank supported catastrophe bond, the IBRD / FONDEN 2020 transaction, has now successfully secured $485 million of capital markets backed natural disaster insurance protection for the country, upsizing by 14% thanks to investor demand.
#ART#CAT#ILS
·artemis.bm·
Mexico's sustainable World Bank cat bond grows 14% to reach $485m
World Bank President Malpass notes PEF pandemic bonds could pay out
World Bank President Malpass notes PEF pandemic bonds could pay out
The President of the World Bank Group David Malpass has highlighted the importance of financial preparation for pandemic emergencies, of the kind provided by the Pandemic Emergency Financing Facility (PEF), which is backed by insurance including the now much-discussed World Bank issued pandemic catastrophe bonds.
#ART#ILS#CAT#Pandemic#Mortality
·artemis.bm·
World Bank President Malpass notes PEF pandemic bonds could pay out
Catastrophe bond & ILS issuance on track to break Q1 record
Catastrophe bond & ILS issuance on track to break Q1 record
Catastrophe bond and insurance-linked securities (ILS) issuance is on course to break all records in the first-quarter of 2020, with a huge $3.93 billion of catastrophe risk-focused deals helping overall cat bond and related ILS issuance exceed $5 billion for the first time, according to Artemis’ data.
#ART#Longevity#Pensions
·artemis.bm·
Catastrophe bond & ILS issuance on track to break Q1 record
When will coronavirus Covid-19 trigger the World Bank's pandemic bond?
When will coronavirus Covid-19 trigger the World Bank's pandemic bond?
In 2017 the World Bank issued a pandemic bond designed to help fund the response to any widespread outbreak of a number of diseases, including coronavirus. The $320 million bond was part of a bigger $425 million risk transfer that included a concurrent $105 million swap with six reinsurance counterparties. Should it already be paying out?
#CAT#ILS#Mortality#Pandemic#ART
·euromoney.com·
When will coronavirus Covid-19 trigger the World Bank's pandemic bond?
Access to Private Capital Crucial to Governments' Ability to Enhance Climate Resilience - GC Capital Ideas
Access to Private Capital Crucial to Governments' Ability to Enhance Climate Resilience - GC Capital Ideas
Severe weather events and demographic challenges are putting an increasing strain on government finances, requiring a rethink of how catastrophic events are funded and a greater use of public-private partnerships to manage risk, according to Guy Carpenter.
#ART#CAT#ILS
·gccapitalideas.com·
Access to Private Capital Crucial to Governments' Ability to Enhance Climate Resilience - GC Capital Ideas
Pandemics And The Failure of Finance
Pandemics And The Failure of Finance
Governments and entities like the World Bank should first use their reserves and borrowing, which are less costly sources of risk financing than insurance.
#ART#CAT#ILS#Pandemic
·riskmarketnews.substack.com·
Pandemics And The Failure of Finance
New cat bond an important piece of Mexico's social protection strategy: Government
New cat bond an important piece of Mexico's social protection strategy: Government
The government of Mexico has said that its newly issued $485 million World Bank facilitated catastrophe bond, the IBRD / FONDEN 2020 transaction, is an important part of the country’s social protection strategy and reflects its “enormous commitment” to protecting its citizens from natural disasters.
#ART#CAT#ILS
·artemis.bm·
New cat bond an important piece of Mexico's social protection strategy: Government
Sidecars in need of significant innovation & change: Mayer Brown's Spitzer
Sidecars in need of significant innovation & change: Mayer Brown's Spitzer
The collateralised reinsurance sidecar leaves a lot to be desired, speakers at a conference discussed recently, with the structure singled out as being cumbersome and inefficient, leading to an opportunity for anyone wanting to innovate and work to improve them.
#ART#CAT#ILS
·artemis.bm·
Sidecars in need of significant innovation & change: Mayer Brown's Spitzer
SCOR returns to Ireland for new $200m+ Atlas Capital 2020 cat bond
SCOR returns to Ireland for new $200m+ Atlas Capital 2020 cat bond
SCOR has returned to the capital markets to sponsor a new catastrophe bond, Atlas Capital Reinsurance 2020 DAC (Series 2020-1), in search of an expanded insurance-linked securities (ILS) backed source of retrocessional reinsurance protection.
#ART#ILS#CAT
·artemis.bm·
SCOR returns to Ireland for new $200m+ Atlas Capital 2020 cat bond
Waiting game continues for pandemic bonds payout
Waiting game continues for pandemic bonds payout
Poor countries affected by the coronavirus outbreak will have to wait until the middle of next month to find out if the World Bank’s specially designed “pandemic bonds” will release funds to help fight the disease. Some investors are questioning whether they will pay out at all.
#ART#ILS#CAT#Pandemic
·ft.com·
Waiting game continues for pandemic bonds payout
Vitality Re health ILS at risk from coronavirus morbidity stress: S&P
Vitality Re health ILS at risk from coronavirus morbidity stress: S&P
The Vitality Re series of health insurance-linked securities (ILS) transactions, which provide reinsurance protection to health insurer Aetna, are exposed to potential triggering by the coronavirus pandemic should it result in “severe morbidity stress”, rating agency S&P has said.
#ART#ILS#CAT#Pandemic
·artemis.bm·
Vitality Re health ILS at risk from coronavirus morbidity stress: S&P
Coronavirus may trigger $196m World Bank cat bond & swap payout
Coronavirus may trigger $196m World Bank cat bond & swap payout
The payout from the World Bank issued pandemic catastrophe bonds, as well as the pandemic risk-linked swaps that were issued at the same time, may reach just under $196 million in total, if the ongoing Covid-19 coronavirus outbreak triggers the financial instruments.
#ART#ILS#CAT#Pandemic
·artemis.bm·
Coronavirus may trigger $196m World Bank cat bond & swap payout
Cat bond gives Philippine government faster access to post-disaster funds
Cat bond gives Philippine government faster access to post-disaster funds
The recently completed first catastrophe bond for the Philippines provides its government with faster access to post-disaster funding, enabling it to respond more rapidly and effectively to support the needs of its citizens when the largest catastrophes strike.
#ART#CAT#ILS
·artemis.bm·
Cat bond gives Philippine government faster access to post-disaster funds
Cat bond sell-off may slow new issuance until ILS fund inflows catch up
Cat bond sell-off may slow new issuance until ILS fund inflows catch up
With catastrophe bond trading in the secondary market having reached what may well be record levels on the back of the Covid-19 coronavirus pandemic related sell off, thoughts turn to how this significant increase in liquidity may impact the wider market over the coming months.
#ART#ILS#CAT
·artemis.bm·
Cat bond sell-off may slow new issuance until ILS fund inflows catch up
Tremor launches weekly industry loss warranty (ILW) auctions
Tremor launches weekly industry loss warranty (ILW) auctions
Tremor Technologies Inc., the technology-based programmatic risk transfer marketplace provider, is launching weekly auctions of industry loss warranties (ILW’s), with which it hopes to add efficiency to the process of ILW trading.
#ART#ILS#CAT
·artemis.bm·
Tremor launches weekly industry loss warranty (ILW) auctions
Artemis ILS NYC 2020 – post-conference report
Artemis ILS NYC 2020 – post-conference report
Welcome to the Artemis ILS New York 2020 conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ third event in the city.
#ART#ILS#CAT
·artemis.bm·
Artemis ILS NYC 2020 – post-conference report
Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital
Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital
The World Bank’s pandemic catastrophe bond issuance looks increasingly likely to suffer a significant loss of investor principal due to being triggered by the ongoing Covid-19 coronavirus outbreak, but John Seo of Fermat doesn’t think that will dent investor appetite for the risk.
#ART#ILS#CAT#Pandemic
·artemis.bm·
Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital