UK courting Brazil to use its framework for insurance-linked securities

The government of the United Kingdom is continuing to encourage other countries to look towards the UK and its recently enacted insurance-linked securities (ILS) regulatory and tax framework as a potential avenue for ILS and catastrophe bond issuance, with Brazil the latest country to be courted. Ever since the enactment of read the full article →

Brazil would benefit from parametric insurance solutions says Swiss Re

Natural disasters will likely become more frequent in Brazil and more expensive in terms of loss of human lives and financial expenditure by the government to rebuild and support those without insurance. Frequency of natural disaster in Brazil is on the rise, according to this Business News Americas article quoting read the full article →

Brazil president approves rural catastrophe insurance fund

The Brazilian president Luiz Inacio Lula da Silva has signed into law a bill which will allow the creation of a catastrophe fund designed to protect the rural sector. The federal government will invest up to 4b reais ($2.27b) into the catastrophe fund through bonds, half during the first year of read the full article →