Shanghai Insurance Exchange could launch within days

The anticipated Shanghai Insurance Exchange could launch as early as this weekend, according to reports in Chinese news media. While product specifics remain private, reports suggest the exchange will facilitate insurance derivatives and other forms of risk securitization at some stage. With $343 million (2.235bn yuan) of required financing being secured read the full article →

Shanghai Insurance Exchange financing secured, launch nears

Local Chinese news media reports that a launch of the Shanghai Insurance Exchange is edging ever nearer, with a reported 91 companies having agreed to contribute a combined $343 million (2.235bn yuan) of capital to launch the exchange. Noise of China’s plans to establish the Shanghai Insurance Exchange first circulated back read the full article →

Growth of China reinsurance industry an opportunity for ILS: Moody’s

Some high-profile losses, persistent growth pressures and regulatory advances signal rapid growth for China’s reinsurance market in the coming months, not to mention a vast opportunity for insurance-linked securities (ILS) players, advise Moody’s. Global insurance and reinsurance ratings agency, Moody’s Investor Services, predicts accelerated growth in the Chinese reinsurance market over read the full article →

China conglomerate plans to launch Asia-Pacific Reinsurance Ltd.

Further underscoring the interest in the reinsurance business from conglomerate and investment organisations in China, Oceanwide Holdings Co., Ltd., a Chinese company, is planning to launch Asia-Pacific Reinsurance Ltd. with 2 billion yuan invested in the start-up reinsurer. Recently reports have suggested that upwards of 40 major Chinese conglomerates, industrial groups read the full article →

GC Securities structures & places first Chinese cat bond, Panda Re

GC Securities, the investment banking and insurance-linked securities (ILS) specialist arm of reinsurance broker Guy Carpenter, has successfully structured and placed the first catastrophe bond covering Chinese risks, Panda Re Ltd. (Series 2015-1). The $50m Panda Re cat bond provides sponsor China Property & Casualty Reinsurance Company Ltd. and China Reinsurance read the full article →

Typhoon Chan-hom a wind and storm surge threat to Shanghai, China

Category 4 Typhoon Chan-hom is barreling towards the China coast, targeting a landfall somewhere to the south of Shanghai. Chan-hom looks set to be among the strongest typhoon's ever to strike that area of the country, with its storm surge potential looking ominous. Following hot on the heels of Linfa, which read the full article →

Panda Re cat bond an “important breakthrough” for China Re

China Property & Casualty Reinsurance Company (China Re P&C) sees the recently completed $50m Panda Re Ltd. (Series 2015-1) catastrophe bond as a "successful first-step" into alternative risk transfer and the capital markets for the re/insurer. “Panda Re has been a very successful first-step into using alternative risk transfer mechanisms to read the full article →

First China cat bond, Panda Re 2015-1, raises $50m for China Re

The first catastrophe bond covering risks in China, Panda Re Ltd. (Series 2015-1), has now completed successfully, raising $50m for the sponsor state-owned reinsurance firm China Re, which was the lower end of the sponsors target size for the deal. The Panda Re 2015-1 cat bond only came to light recently read the full article →

Panda Re Ltd. 2015-1, the first cat bond covering Chinese perils

Another milestone has been reached for the catastrophe bond and insurance-linked securities (ILS) market, with the introduction of the first cat bond covering Chinese perils. The Panda Re Ltd. (Series 2015-1) deal covers Chinese quake risks on an indemnity basis. Details on the transaction are limited due to this being a read the full article →

Shanghai Insurance Exchange nears approval, cat bonds a feature

According to reports in local Chinese news media, the Shanghai Insurance Exchange is nearing approval and the plans will include providing a platform for trading in insurance or reinsurance risks, with securitisation and catastrophes bonds an expected feature. The Shanghai Securities News, a Chinese language news digest, said that the long-awaited read the full article →