Investments

Hurricane Sally is forecast to form in the Gulf of Mexico and some forecasts suggest the potential for rapid intensification, with at minimum a Category 1 hurricane landfall now anticipated on the central Gulf Coast, not far from New Orleans. Sally formed at the weekend as a tropical depression, then crossed the Florida keys and…

The Climate Measurement Standards Initiative (CMSI), an Australian led collaboration on the physical risks of climate change and their disclosure, has developed a set of open-source, voluntary guidelines to help banks, financial institutions and insurers better assess the risk and quantify the costs of climate-related damage. London-headquartered insurance-linked securities (ILS) and reinsurance linked investment manager…

The ongoing wildfires across California, Oregon and other western parts of the United States may put investor focus back onto aggregate catastrophe bonds, according to specialist insurance-linked securities (ILS) fund manager Plenum Investments. A number of aggregate catastrophe bonds were impacted after losses from the 2018 wildfires in California drove cedants accumulated qualifying losses above…

Christian Mumenthaler, Chief Executive Officer of the world’s largest reinsurance company Swiss Re, joined us this month, to discuss how his company has fared since the pandemic, the state of the market and what his outlook and priorities are for 2021. Mumenthaler discussed a wide range of topics, from the current status of Swiss Re…

The Asian Development Bank (ADB) has launched its first pilot disaster insurance scheme in the Philippines and has also approved a $500 million loan for the country that is contingent on a natural disaster or public health emergency occurring. The contingent loan facility is similar to the World Bank catastrophe deferred drawdown options (CAT-DDO’s) that…

German reinsurance company Hannover Re is forecasting significant rate increases across property and casualty reinsurance and the expectation of “new record highs” in insurance-linked securities (ILS) over the medium term. Hannover Re gave its view on the market this morning, in place of the cancelled Monte Carlo Rendez-vous. The reinsurance company is expecting broad rate…