insurance securitization


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 →

Blackstone to be anchor investor in Millette’s Hudson Structured funds

Ex-Goldman Sachs structured products head Michael Millette has lined up one of the world's leading asset management groups as an anchor investor in the funds to be launched by his new venture Hudson Structured Capital Management.Hudson Structured Capital Management, which will operate a fund offering insurance and reinsurance linked investments, read the full article →

Room for ILS to increase its share of global securitisation issuance

Between 2010 and 2014 insurance-linked securities (ILS) issuance made up just 1.17% of the reported $2.87 trillion of issuance seen in the global securitisation market, highlighting room for significant growth as ILS could provide investors with a real alternative in this market.A recently published report reveals that between 2010 and read the full article →

Vario non-cat ILS partnership a key innovation at Guy Carpenter

Guy Carpenter firmly threw its hat into the insurance-linked strategies ring this week, saying that the partnership announced last week between the reinsurance broker and Vario Partners, forming a non-catastrophe risk ILS vehicle, is a key innovation and initiative for the broker.Vario Global Capital Ltd., the name of the joint-venture read the full article →

Vario Partners & Guy Carp launch non-cat ILS investment vehicle

Vario Global Capital Ltd. has been launched with a goal of becoming the "leading ILS investment vehicle and fund focused on non-catastrophe insurance linked securities" by specialist insurance analysis and modelling firm Vario Partners LLP and reinsurance broker Guy Carpenter.Today's announcement is for an agreement in principle to establish a read the full article →

Vario Partners adds CFO, as specialist risk advisory & ILS firm develops

Vario Partners, the specialist risk advisor launched in late 2014 by three former PwC exec's to facilitate the bringing together of portfolios of insurance or reinsurance risk and the capital markets through securitisation or ILS means, has hired a CFO.Vario Partners, now calling itself a "specialist insurance analysis and modelling read the full article →

Michael Millette to launch Hudson Structured Capital Management

Ex-Goldman Sachs partner and managing director of structured products Michael Millette, a key figure in the development of the catastrophe bond and ILS market since the mid-1990’s, is returning with a new venture named Hudson Structured Capital Management.Bloomberg wrote earlier today that Millette will be launching a company called Hudson 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 →

China regulators agree to accelerate use of catastrophe bonds

Two regulatory organisations in China have signed an agreement to establish a group to work on bringing the securitisation of catastrophe insurance risks to the country and to accelerate the adoption of catastrophe bonds for risk transfer needs.Conversations surrounding the use of catastrophe bonds in China have been ongoing for read the full article →

ILS & cat bond issuers exempt from commodity pool designation: CFTC

The U.S. Commodity Futures Trading Commission has issued a letter providing no-action relief to insurance-linked securities (ILS) and catastrophe bond issuers seeking exemption from being treated as a commodity pool operator.The U.S. CFTC ’s Division of Swap Dealer and Intermediary Oversight (DSIO) issued the letter on Friday, providing insurance or read the full article →