Ibis Re Ltd

U.S. specialty insurance group Assurant has been an end-user of capital markets third-party backed reinsurance capacity for some time, through its catastrophe bonds and use of collateralized coverage. In 2014 Assurant may look to the capital markets again.

U.S. specialty insurance company Assurant Inc. has published details of the completion of their property catastrophe reinsurance program for the 2012 renewal year. Assurant placed its traditional catastrophe reinsurance program in two phases, at the January and June renewals, with more than 50 reinsurers. Their catastrophe reinsurance program is supplemented with the Ibis Re catastrophe […]

Assurant, the U.S. specialty insurer, has announced the completion of their property catastrophe reinsurance program for the year. They finalised their reinsurance arrangements for the 2011 hurricane season at the June renewals and in the announcement give a little insight into how their previously issued catastrophe bonds act as part of their overall reinsurance mix.

Ratings agency Standard & Poor’s has placed the ratings of 16 tranches of catastrophe bond deals on CreditWatch negative due to recent changes in the risk model which was used to assess these cat bonds risks at the time of their issue. All the affected transactions utilise the Risk Management Solutions (RMS) RiskLink U.S. hurricane […]