Tag: Bonds

Catastrophe bonds & related ILS to break records in 2021: Report

Catastrophe and related insurance-linked securities (ILS) issuance was strong in the third quarter of 2021, breaking a new quarterly record of more than $ 2.6 billion, according to the latest report and data from ILS-focused sister site Artemis. Artemis’ latest quarterly report on the Catastrophe and Related Insurance-Linked Securities (ILS) market is now available for download. The report examines the …

China regulator calls on insurers to sponsor cat bonds in Hong Kong

China’s insurance regulator has urged the country’s insurers to sponsor catastrophe bonds in Hong Kong in order to gain access to diversified sources of reinsurance capacity and offload peak natural catastrophe risks.The China Banking and Insurance Regulatory Commission (CBIRC) said in a statement that Chinese domestic insurers sponsoring Hong Kong catastrophe bonds will support their “closer” economic partnership agreement between …