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Will Canada be next for catastrophe bonds?

The remarks made by the head of the top financial services and insurance regulator in Canada, which called for insurers to look to catastrophe bonds as an alternative way to access risk transfer and reinsurance capital, have sparked some speculation on when we'll see a cat bond covering solely Canadian read the full article →

Earthquake catastrophe bonds being assessed by the Insurance Bureau of Canada

Six months after we wrote about the start of discussions in Canada on whether catastrophe bonds would be suitable for transferring the risks of earthquakes in the country, the Canadian Underwriter reports that progress on the initiative is about to be made as the Insurance Bureau of Canada has announced read the full article →

Swiss Re quantifies Canadian longevity risk in new report

A new Swiss Re Economic Research & Consulting report reveals that Canadian pension funds have a significant amount of longevity risk to which they are exposed. Many public and private pension funds are under-reserved for longevity risks and annuity books also have exposure to the risk of scheme members living read the full article →

Principles proposed for regulating insurance-linked securities in Canada

Almost exactly a year ago we wrote about a report from MSA Research Inc. and Baron Insurance Services Inc. which looked at the Canadian regulatory environment and asked how it could impact an insurance-linked securities market in Canada. Now, the latest MSA/Baron Outlook report has been published and an article read the full article →

Canadian government needs to measure exposure to quakes; cat bonds discussed

The recent earthquakes in New Zealand and Japan have stimulated discussion of the financial exposure to earthquakes in other countries around the world. Canada, not a country you generally associate as at major risk of quake damage, is beginning to see calls for their quake exposure to be measured accurately read the full article →

Canadian regulatory environment could trigger insurance-linked securities market

A new report from MSA Research Inc. and Baron Insurance Services Inc., both based in Canada, looks at the Canadian legal and regulatory environment and asks how that could impact the formation of a market for insurance-linked securities in the country. The MSA/Baron Outlook report is released quarterly and looks read the full article →