MSAAP’s SPRV Phoenix 1Re has a secured capacity of US $ 42 million, and alternative capital investors are strong in MS Amlin across more than 10 regions, excluding the risk of major peaks such as Japan and Australia. You can access a diverse regional portfolio at. About half of our capacity came from Asian-based investors or fund managers.
Meanwhile, Phoenix 2 Re has secured US $ 37.5 million in secured capacity through multiple Asian-based investors.
MS AAP, in collaboration with the Monetary Authority of Singapore (MAS), along with the Hong Kong-based ILS Specialist ILS Advisor, which is part of the HSZ Group, will use the Insurance Link Securities (ILS) Cat Bond Grant to Phoenix. Established 2Re.
Tim Yip, Executive Director of ILS Advisers, said the previous SPRV proved that the thoughtful and creative access to new, independent and diverse dangers is of value to ILS investors. world.
“Working again with MS Amrin Asia Pacific to arrange the latest investment opportunities focused on emerging Asian regions and support their goal of providing the products and innovative solutions needed for the growing regions. I am very pleased to be able to do it. The insurance protection gap, “said Mr. Yip. “With the successful issuance of Phoenix 2 Re from Singapore, this continues to show Singapore’s value as a capital gateway to support the region’s growing needs.”
Will Ho, CEO of MSAAP, said he was pleased that the company was able to secure capital for a second SPRV, despite difficult funding times.
“This launch is a natural continuation of the first SPRV, emphasizing our commitment to the region and providing an innovative way to foster relationships with capital market partners,” said Ho. .. “We are pleased to be able to launch another ILS offering with the help of HSZ, and we are grateful to all involved, especially MAS and Lloyds Asia, for their continued support in this area. doing.”
MS Amlin Asia Pacific Launches Second Special Purpose Reinsurance Vehicle
Source link MS Amlin Asia Pacific Launches Second Special Purpose Reinsurance Vehicle