New inflows take Leadenhall Capital over $650m assets under management

May 4, 2012

London, UK based insurance-linked securities investment manager Leadenhall Capital Partners has announced that thanks to new inflows of investor capital they have now cleared $650m in assets under management for the first time. Leadenhall’s two funds specialise in investment in insurance-linked security and catastrophe bond instruments.

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Institutional investors still need educating on catastrophe bonds

May 3, 2012

The recently published report on Insurance Linked Securities (ILS) by independent publisher Clear Path Analysis contains a roundtable interview which involves two representatives of pension funds who don’t currently invest in catastrophe bonds or insurance-linked securities and asks them what they think of the asset class. Their comments suggest that there is still a need [...]

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Appleby appoints new partners with ILS experience in Bermuda

May 3, 2012

Global law firm Appleby has announced a number of new appointments to partner within their organisation. Two of those appointments will interest our readers as they involve lawyers with a track record in the insurance-linked securities and catastrophe bonds sector. Appleby are one of a number of law firms who have been growing their participation [...]

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USAA bringing Residential Reinsurance 2012 Ltd. catastrophe bond to market

May 3, 2012

Regular, and prolific, catastrophe bond sponsor USAA is bringing another cat bond transaction to market through their latest Cayman Islands entity Residential Reinsurance 2012 Ltd. according to our sources. Residential Re 2012 will be their 18th transaction (details of every Residential Re cat bond can be found in our Deal Directory), again confirming USAA’s commitment [...]

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32 investors participate in Citizens Everglades Re cat bond

May 2, 2012

The record-breaking Everglades Re Ltd. catastrophe bond which closed recently securing sponsor Florida’s Citizens Property Insurance a massive $750m of fully collateralized, two year hurricane reinsurance cover, has been the subject of considerable discussion in the press since we first revealed it had upsized. Information has now emerged on the amount of investors who have [...]

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Speedwell Weather Derivatives releases SWS Version 8.0

May 2, 2012

Speedwell Weather Derivatives, a provider of software, weather data, forecasts and consultancy to the weather derivatives and weather risk management market have announced the release of SWS Version 8.0, the latest version of their weather derivative pricing and risk management software.

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Carrefour to factor weather data into sales forecasts and merchandising

May 2, 2012

French supermarket retailer Carrefour, who have more 4,500 retail outlets in the country, is turning to a weather risk management information provider to assist them in making better decisions on merchandising and product selection. Through the deal with weather forecaster and data provider Metnext, Carrefour will integrate weather data into their sales forecasting and understanding [...]

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Everglades Re Ltd. completes, rated and now largest ever catastrophe bond

May 1, 2012

The Everglades Re Ltd. catastrophe bond has now completed and has been settled successfully at a size of $750m making it officially the biggest catastrophe bond to ever hit the market. Everglades Re is special not only because it achieved this size, it is the first cat bond to be issued by sponsor Florida’s Citizens [...]

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Secondary market catastrophe bond price returns continue to fall

May 1, 2012

It’s been just over three weeks since we last looked at the Swiss Re Cat Bond Performance Indices to see what they can tell us about the movements in pricing and returns of outstanding catastrophe bonds and the general sentiment of the cat bond and insurance-linked securities marketplace. The last time we looked at the [...]

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Best of Artemis, week ending 29th April 2012

April 30, 2012

It’s been another busy week of news in the insurance-linked securities and catastrophe bond market. Our article which revealed the $750m size of Florida Citizens Everglades Re Ltd. cat bond has become one of our most read articles ever, having been read well over 1,500 times in less than a week. There was also news [...]

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Swiss Re: A capital market for longevity risk has to be created

April 30, 2012

The recent report on longevity risk from the IMF highlighted that the exposure is likely being severely underestimated and that globally longevity risk amounts to tens of trillions of dollars of exposure which is not currently being managed. The amount of longevity exposure in pension funds around the world is significantly larger than the capacity [...]

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DCG Iris insurance-linked securities fund to list in London

April 30, 2012

A new insurance-linked securities fund vehicle called DCG Iris is to launch in June. It will be listed on the London stock exchange as a kind of feeder-fund for Credit Suisse, according to reports in the financial press.

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IFC, SANASA in weather index insurance pilot for Sri Lankan farmers

April 27, 2012

The IFC (International Finance Corporation), part of the World Bank Group, has partnered with micro-insurance company SANASA Insurance to pilot affordable, index-based weather insurance products to farmers in Sri Lanka to help minimise the impact of crop losses due to flooding or drought. It’s another example of index-based insurance products being used to bring insurance [...]

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Mythen Ltd. to secure $400m of multi-peril catastrophe bond cover for Swiss Re

April 27, 2012

Swiss Re’s latest catastrophe bond which is still in the marketing phase to investors is due to issue $400m of notes across the three tranches which we wrote about recently here. At the time of that article it was only clear that the Mythen Ltd. cat bond would secure at least $150m of cover for [...]

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Eurozone crisis could close off longevity risk transfer opportunities

April 27, 2012

Opportunities for pension schemes who are looking to transfer longevity risks through the use of instruments such as longevity swaps or annuities, could become closed off due to the Eurozone crisis, according to a new report from Towers Watson. The report which details the results of a survey of several major providers -  insurance companies [...]

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