hong kong

Shevawn Barder, Chief Executive Officer (CEO) of reinsurance MGA, AM RE Syndicate Inc., discussed recently how the US specialty risk-focused firm is keen to broaden its underwriting model with the right capital partners.

Mr. Simon Lam, Executive Director, General Business at the Hong Kong Insurance Authority, expects the region’s new ILS regime to “hit the ground running” as mainland China’s insurance market growth continues apace.

With Singapore now an active hub for catastrophe bonds and insurance-linked securities (ILS) and with Hong Kong primed to issue its first deal this year, regional sponsor participation can help to ensure their sustainability as ILS domiciles, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities.

With Hong Kong now established as a regulated domicile for insurance-linked securities (ILS) and catastrophe bonds, there could be several issuances out of the region by the end of 2021, according to Cory Anger, Managing Director of GC Securities.

The impact and subsequent loss creep from typhoon Jebi in Japan in 2018 caught many insurance-linked securities (ILS) investors by surprise, but the eventual deviation from initial vendor model loss estimates doesn’t translate to a fundamental issue with the models themselves, say industry experts.

Knowledge and understanding of the insurance-linked securities (ILS) asset class is on the rise in Asia, and while local expertise is a real benefit, it’s also vitally important to communicate early and persistently with the investor base, according to industry experts.

The fragmentation of the Asia region means that for insurance-linked securities (ILS) managers, it’s more practical to focus on the locations with the more mature and larger institutional market, according to Timothy Yip, Executive Director at ILS Advisers.

Highlighted by the efforts of Singapore and more recently Hong Kong, there’s an exciting and growing opportunity for the insurance-linked securities (ILS) sector to play a meaningful role in the Asia region, according to industry experts.

As options to issue insurance-linked securities (ILS) and catastrophe bonds expand in Asia, with the introduction of Hong Kong as a regulated ILS platform, attendees at our virtual ILS Asia 2021 conference this morning heard of the support China’s government is offering to the initiative.

There is a clear opportunity for ILS funds and investors to partner with expert originators and underwriters to access the returns of US specialty business, according to AM RE Syndicate Inc. Chief Executive Officer Shevawn Barder.