parametric trigger


Pandemic parametric triggers Q&A with Tom Johansmeyer, PCS

Pandemic protection. Is it included, excluded, or even mentioned in a policy or program? Even if it is, is the coverage responsive enough to really help the protection buyer, or should parametric solutions be looked at? If so, how to ensure they are robust?At a time when interest in pandemic read the full article →

Investor interest can survive pandemic cat bond loss: Seo, Fermat Capital

The World Bank’s pandemic catastrophe bond issuance looks increasingly likely to suffer a significant loss of investor principal due to being triggered by the ongoing Covid-19 coronavirus outbreak, but John Seo of Fermat doesn’t think that will dent investor appetite for the risk.As we explained in this recent article, it read the full article →

Coronavirus may trigger $196m World Bank cat bond & swap payout

The payout from the World Bank issued pandemic catastrophe bonds, as well as the pandemic risk-linked swaps that were issued at the same time, may reach just under $196 million in total, if the ongoing Covid-19 coronavirus outbreak triggers the financial instruments.The impact from the Covid-19 coronavirus pandemic has more read the full article →

$18.3m Asagao II private cat bond issued by Aon’s White Rock

A new approximately $18.3 million Asagao II Japanese private catastrophe bond transaction has come to market using the Aon Insurance Managers operated segregated accounts company White Rock Insurance SAC.The transaction is the second Asagao private catastrophe bond to be issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 read the full article →

New cat bond an important piece of Mexico’s social protection strategy: Government

The government of Mexico has said that its newly issued $485 million World Bank facilitated catastrophe bond, the IBRD / FONDEN 2020 transaction, is an important part of the country's social protection strategy and reflects its "enormous commitment" to protecting its citizens from natural disasters.Mexico's latest and sixth catastrophe bond read the full article →

Super launches direct to consumer parametric LatAm quake cover

A new direct to consumer parametric earthquake insurance product has been launched for the Latin America market by Super Seguros Inc., with reinsurance backing from global player Munich Re.Super Seguros, acting through its subsidiary which has become Mexico's first approved insurance managing general agent (MGA), launched Super Temblor© as the read the full article →

World Bank President Malpass notes PEF pandemic bonds could pay out

The President of the World Bank Group David Malpass has highlighted the importance of financial preparation for pandemic emergencies, of the kind provided by the Pandemic Emergency Financing Facility (PEF), which is backed by insurance including the now much-discussed World Bank issued pandemic catastrophe bonds.With the two tranches of notes read the full article →

ILS funds could see some Coronavirus contingency claims leakage: von Herberstein

The insurance-linked securities (ILS) fund market does hold some exposure to contingency related risks, including from event related exposures, which means there is a chance of some claims leaking to ILS funds from coronavirus triggered claims, Hudson Structured partner Edouard von Herberstein said today.Speaking at the SIFMA Insurance and Risk read the full article →

Mexico’s sustainable World Bank cat bond grows 14% to reach $485m

Mexico’s latest World Bank supported catastrophe bond, the IBRD / FONDEN 2020 transaction, has now successfully secured $485 million of capital markets backed natural disaster insurance protection for the country, upsizing by 14% thanks to investor demand.The successful pricing of this latest World Bank facilitate catastrophe bond issuance means that read the full article →

Pandemic cat bond price plummets on growing coronavirus threat

The secondary market price for the tranche of the World Bank's pandemic catastrophe bond that is most at-risk of paying out due to the spreading global coronavirus outbreak has plummeted, while the lower risk tranche has now also been marked down.As we explained last week, secondary market pricing for the read the full article →