pandemic

The African Risk Capacity (ARC), currently a catastrophe insurance pooling facility for Africa, is targeting a 2017 launch date for the first sovereign insurance cover for disease outbreaks and epidemics, which is being developed in response to the Ebola crisis.

The African Risk Capacity (ARC), the first catastrophe insurance pool for Africa, is considering expanding to offer insurance coverage for Ebola and other epidemics to African nations. Meanwhile the World Bank continues to discuss Ebola and pandemic catastrophe bonds.

The topic of providing risk transfer and financing to cover pandemic risks using catastrophe bonds has reached the World Economic Forum in Davos, Switzerland this week, according to the FT, as the world comes to terms with the threat that could be posed by outbreaks causing high mortality levels.

The risk that insurers and reinsurers fear the most is the outbreak of a global pandemic, according to the results of a survey undertaken by professional services firm Towers Watson recently.

Reinsurer Swiss Re has released some comments on the completion of their latest extreme mortality securitization, Vita Capital V Ltd. As we wrote earlier today, Vita Capital V successfully completed at $275m yesterday and received its ratings. It’s Swiss Re’s fifth Vita securitization in the last three years and the sixth we have recorded in […]

Swiss Re’s sixth issuance in their series of Vita mortality-linked catastrophe bond (or insurance-linked security) deals has completed successfully. Vita Capital V Ltd. completed and received its formal ratings yesterday after being in the market since we first wrote about the deal three weeks ago, during which time it nearly tripled in size to secure […]

As we wrote recently, Swiss Re are marketing the sixth issuance in their series of Vita mortality-linked catastrophe bond (or insurance-linked security) deals. The transaction, Vita Capital V Ltd. , which has been marketing for two weeks began as a $100m deal split into two tranches of mortality-linked notes according to the rating documentation and […]

You’d be forgiven for thinking that the spectre of the total return swap counterparty vanished from the catastrophe bond and insurance-linked securities market a number of years ago after Lehman Brothers collapse caused the default of a number of cat bonds they were a swap counterparty to. However there are still deals using a total […]

Reinsurer Swiss Re has begun marketing their latest insurance-linked security transaction and this time it’s a deal that the wider ILS investment market should appreciate as it’s a diversifying opportunity and a life transaction. Swiss Re are bringing their latest Vita Capital mortality-linked catastrophe bond to market, their fifth such transaction, being issued through a […]

Risk Management Solutions (RMS) have issued a press release regarding their involvement in the recently completed Vita Capital IV Ltd. mortality risk catastrophe bond issued on behalf of Swiss Re. It contains a little more detail on the risk modelling tools used to get the transaction to market which we thought would interest our readers. […]