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Terror risk a “useful but complex diversifier for ILS funds” – IFTRIP

Terrorism insurance and reinsurance risks are seen by investors as a useful but complex diversification opportunity for their ILS funds, hot topics discussed at the annual IFTRIP conference suggested.The International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) annual conference was held in Brussels last week and insurance-linked securities (ILS) and read the full article →

U.S. Treasury continues exploring terror cat bonds for risk sharing

The United States Treasury continues to explore its options for terrorism risk sharing with private markets, with terrorism catastrophe bonds once again under discussion at committee level.With the Terrorism Risk Insurance Program, or TRIP, which was authorised under the Terrorism Risk Insurance Act (TRIA) of 2002, set to expire at read the full article →

Reauthorised TRIA to seek advice from ILS & alternative risk markets

Yesterday the Terrorism Risk Reauthorisation Act of 2015 (HR 26) passed the U.S. Senate, renewing the government backed terrorism insurance facility for six years. Part of the reauthorisation calls for advice to be sought from the ILS and alternative risk markets.The future of the Terrorism Risk Insurance Act had been read the full article →

‘Reinsurance, capital markets reluctant to take on terrorism risk’

So says the U.S. President’s Working Group on Financial Markets (PWG), in a recent report to Congress looking into the long-term availability and affordability of terrorism risk insurance which was published last Thursday.The PWG is mandated under the Terrorism Risk Insurance Act (TRIA) to analyse and report on the availability read the full article →