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Time was right to complement IAG’s reinsurance with a cat bond: Hartry

The expansion of the catastrophe bond market in recent times encouraged Insurance Australia Group (IAG) to sponsor its first transaction, which, according to the firm’s Executive Manager of Reinsurance Operations, Nick Hartry, complements its existing reinsurance arrangements.With a first time sponsor in IAG and the first deal to be issued read the full article →

First Singapore cat bond completed in just a few weeks: Goh, Rajah & Tann

The successful issuance of the AUD $75 million Orchard ILS Pte Ltd catastrophe bond, the first for sponsoring insurer Insurance Australia Group (IAG) and the first cat bond to be issued in Singapore, took only a few weeks, according to a lawyer who worked on the transaction.The issuance of the read the full article →

IAG sponsors first Singapore catastrophe bond, A$75m Orchard ILS Pte

Insurance Australia Group (IAG) has sponsored its first catastrophe bond and the transaction is also the first cat bond to be issued in Singapore, using the countries' Special Purpose Reinsurance Vehicle (SPRV) regulations.The AUD $75 million Orchard ILS Pte Ltd transaction has broken new ground by becoming the first cat read the full article →