climate change catastrophe bond

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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 insurance-linked securities (ILS) opportunity seen for London

A forum co-chaired by UK regulator the Financial Conduct Authority (FCA) and the Bank of England's Prudential Regulation Authority (PRA) calls for the development of a market for climate-related insurance-linked securities (ILS) in London. London and the United Kingdom has been seeking to create a greater role for itself in insurance-linked read the full article →

ARC focusing on multi-hazard index for climate cat bond facility XCF

The African Risk Capacity (ARC) continues to work towards the implementation of its climate catastrophe bond backed Extreme Climate Facility (XCF), focusing on the development of a robust multi-hazard index that can be used to trigger the instruments. The Extreme Climate Facility (XCF) is a proposed multi-year funding mechanism which will read the full article →

ARC progresses climate cat bond facility XCF, signs up UN support

The African Risk Capacity (ARC) is continuing to make progress towards the launch of its Extreme Climate Facility (XCF), a proposed multi-year funding mechanism that will issue climate change catastrophe bonds to help African nations transfer climate change related exposure to the capital markets. The African Risk Capacity (ARC) first launched read the full article →