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Indian reinsurer GIC Re explores ILS for nuclear insurance pool

GIC Re (General Insurance Corporation), the national reinsurance company in India is exploring the use of insurance-linked securities (ILS), or catastrophe bond type structures, as a financial tool to create capacity for a proposed nuclear insurance pool.As Artemis wrote almost two weeks ago, the Indian government has been searching for read the full article →

India explores catastrophe bonds for nuclear liability issue

According to newspaper reports the Indian government has been considering a catastrophe bond type structure, possibly combined with a sovereign guarantee, in order to overcome a fear foreign suppliers have over its nuclear liability laws.The issue has come to the fore as a deal on nuclear power development between India read the full article →

India’s government to discuss disaster management and catastrophe bonds

India's Prime Minister, government officials and the National Disaster Management Authority (NDMA) are meeting today to discuss current issues regarding disaster preparedness and risk transfer which could affect India's population and economy.The meeting has been arranged to look at issues such as radiation sensors for nuclear and radiological emergencies, an read the full article →