climate cat bond


Capital markets fundamental to societies low carbon transition: Rowan Douglas, WTW

The role of the capital markets in the world’s transition to a low carbon economy as we look to tackle the threats of the changing climate, is “absolutely fundamental,” according to Rowan Douglas, Head of the Climate and Resilience Hub at Willis Towers Watson (WTW), and Chairman of Willis Research read the full article →

Address climate risk, be able to absorb losses: Bank of England Governor

One of the clearest examples of a regulators' intention to force action on climate-related financial risks and ensure entities have the capital resources to absorb their potential future losses from them, came from Bank of England Governor Andrew Bailey yesterday. Speaking at COP26 in Glasgow, the Bank of England Governor laid read the full article →

Fitch sees “breakout” potential for ILS, could double by 2030

The insurance-linked securities (ILS) market has "breakout" potential as the sector returns to growth, increasing numbers of new sponsors enter the market, including from outside of insurance and reinsurance, but the real catalysts for future expansion could be climate change and ESG, Fitch Ratings believes. Fitch has a particularly bullish outlook read the full article →

More people move into climate risk exposed US regions, than out

It's always been clear that the coastline is a popular place to live and the high-value homes that are increasingly built in some coastal regions ramp up insured exposure values in the face of storms and hurricanes. But it's not just on the coasts, as other parts of the United read the full article →

Arbol’s Captive+Parametric to help corporations manage climate risk

Arbol, a technology-led company focused on parametric risk transfer and weather insurance markets, has launched an intriguing new solution named Captive+Parametric, which is designed to help corporations better manage climate risk and climate change exposure, with the help of parametric risk transfer to captive structures. Launched in Vermont yesterday, Arbol, which read the full article →

Climate change(s) irreversible over thousands of years, warns IPCC report

Climate change is running away from us, is the stark warning from the Intergovernmental Panel on Climate Change 's (IPCC) Report, which was published today. "Many of the changes observed in the climate are unprecedented in thousands, if not hundreds of thousands of years, and some of the changes already set read the full article →

California climate insurance (with parametrics, risk pools & even cat bonds)

The California Climate Insurance Working Group has issued a report detailing 40 state and local policy recommendations covering resilience building and risk transfer, with an over-arching theme that suggests innovative climate insurance and risk transfer is required, especially integrated solutions that consider communities alongside risk reduction. Within the recommendations parametric insurance read the full article →

GC & MMC units team on climate risk transfer, including cat bonds

Reinsurance broker Guy Carpenter is teaming up with other global Marsh McLennan businesses for a joined-up approach on delivering a holistic range of climate risk focused services and advisory, part of which is risk transfer related and includes catastrophe bonds. The announcement sees the reinsurance division teaming up with MMC units read the full article →

World Bank climate change plan highlights cat bonds & risk transfer

This week, the World Bank Group announced its new Climate Change Action Plan, featuring a range of commitments to ramp up and deliver record levels of climate finance, while catastrophe bonds, disaster risk financing and insurance against climate risk are also mentioned as key elements of the plan. Through its new read the full article →

Climate change could take 18% off global GDP, warns Swiss Re

Driving home the importance of climate risk mitigation, resilience building and also the role of insurance or reinsurance in providing climate risk transfer, global reinsurer Swiss Re warns that the world's economy risks a significant hit as the climate changes. If no mitigating actions are taken to prevent or build resilience read the full article →