-
The World Bank issues $420m parametric cat bond for the Government of Mexico
17 Apr 2024 21:13 GMT
… issued $420 million in catastrophe bonds for renewed disaster risk … Government of Mexico.
The cat bond, which will finance … to the announcement, the cat bonds replace and increase by … innovative instruments, such as cat bonds to mitigate disasters’ impact …
-
Bermuda’s Kaith Re issues pioneering cat bond
17 Apr 2024 20:27 GMT
… has issued the first-ever catastrophe bond to cover losses arising from … outage risk.
The Cumulus Re cat bonds with a value of $13 … , parametric, Reg 4(a)(2) “cat bond lite” has been placed with …
-
SageSure completes new cat bond
17 Apr 2024 13:17 GMT
“Swiss Re is excited to once again partner with SURE and SageSure on this successful second-event catastrophe bond, a risk profile rarely seen in the ILS market,” Monnier said. “Structured as an efficient zero-coupon note, the Gateway Re issuance achieved …
-
SageSure and SURE close $130m second and subsequent event cat bond
16 Apr 2024 19:51 GMT
SageSure, an MGU focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (SURE) have closed the Gateway Re 2024-2 second and subsequent event catastrophe bond at $130 million.
The issuance marks SURE’s second successful …
-
Hannover Re partners up for cloud outage cat bond
16 Apr 2024 13:28 GMT
Cumulus Re, the catastrophe bond issued by Hannover Re’s wholly owned Bermuda-based reinsurer Kaith Re, aims to provide Hannover Re with incremental retrocession protection. This protection is triggered if specific cloud services in designated US cloud …
-
First ever cloud outage cat bond issued
15 Apr 2024 16:28 GMT
… to issue the first ever catastrophe bond specifically created to cover losses … the annual bonds.
Cumulus Re cat bonds with a value of US … , parametric, Reg 4(a)(2) ‘cat bond lite’ has been placed with …
-
Hannover Re & Parametrix launch world’s first cloud outage catastrophe bond
15 Apr 2024 11:19 GMT
… world’s first cloud outage catastrophe bond, a $13.75 million privately … , Kaith Re Ltd., the parametric cat bonds provide the reinsurer with incremental … two companies explain that the cat bonds provide Hannover Re with retro …
-
Hong Kong gearing up to become a hub for ILS such as catastrophe bonds, Insurance Authority says
15 Apr 2024 01:23 GMT
… this region and China.”
Catastrophe bonds, or cat bonds, are a type of … 562.5 million through four cat bond issuances.
03:33
Strongest … this area after two cybersecurity cat bond offerings last year. The … .”
The World Bank’s cat bonds in Hong Kong last year …
-
Cedric Stephens | Jamaica seeking cat bond for ‘hellish’ hurricane season
14 Apr 2024 11:08 GMT
… markets through a parametric catastrophe bond structure. Jamaica’s return … wrote three articles about cat bonds between October 2019 and … examples of disaster risk.
Cat bonds offer investors, such as … markets to transfer risks.
Cat bond IBRD CAR Jamaica 2024 …
-
New cat bond finalized through Charles River Re
12 Apr 2024 14:28 GMT
“Our catastrophe bond is an essential part of our reinsurance structure and complements a tower backed by industry-leading reinsurers. We are pleased to have successfully sponsored our first catastrophe bond, and done so in partnership with ShoreOne, our …