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MiCRIX returns outpace cat bond market, accelerate in July and August

The Mercury investible Catastrophe Risk Index, or MiCRIX for short, one of the indices that we play host to here on Artemis has seen accelerating returns in the months of July and August. The index has delivered returns of 4.2% since June, gaining 1.2% in July and 3.0% in August read the full article →

Spread tightening lifts secondary catastrophe bond indices

Spread tightening on catastrophe bonds exposed to U.S. wind risk has lifted the secondary cat bond market indices in recent weeks. Now deep in the middle of the Atlantic hurricane season, typical seasonality has returned to secondary cat bond prices and values have increased on hurricane exposed bonds.Throughout 2013 we've read the full article →

Seasonality and supply continue to depress catastrophe bond indices

Both the price return and total return of the outstanding catastrophe bond market have been depressed in recent weeks by the onset of seasonality and a glut of supply in the secondary catastrophe bond market. The indices we track tell the story of a gradual slide in both metrics as read the full article →

Catastrophe bond price returns continue slow slide

The price return of the secondary catastrophe bond market continues to slide slowly down from its recent peak now that supply and demand for outstanding catastrophe bond notes appears to have levelled off somewhat. A combination of returning seasonality and a levelling off of supply and demand dynamics has seen read the full article →

Catastrophe bond price returns begin to look more seasonal

Price returns in the secondary catastrophe bond market have taken another dip in the last fortnight as the pricing pressure we discussed two weeks ago here continues to exert itself on the pricing of outstanding cat bond marks. As we approach the U.S. hurricane season we're beginning to see cat read the full article →

Mercury Capital opens first index tracking catastrophe investment fund to external investors

Bermuda based insurance-linked securities and industry loss warranty investment manager Mercury Capital has announced that it is opening up an innovative new ILS investment fund to external investors for the first time. The Mercury iCRIX Tracker Fund is the first index-tracking catastrophe risk investment fund, tracking an index developed by read the full article →

Secondary catastrophe bond price returns dip in recent weeks

The secondary catastrophe bond market has begun to see some pressure exerted on certain outstanding cat bond price returns in the last couple of weeks as an element of seasonality returned to the market and the strong primary issuance also took some focus off secondary prices. Cat bond price returns read the full article →

Secondary catastrophe bond indices rise further despite primary issuance

The catastrophe bond indices which we track every fortnight here on Artemis have both continued to rise over the last two weeks. The total return index tells a story that will please insurance-linked securities and cat bond fund managers as it shows that attractive cat bond market returns continue. The read the full article →

Cat bond market price and total returns continue to rise

Both the price return and total return of the outstanding catastrophe bond market have continued to rise over the last fortnight as the slightly unusual trend of price firming, some of which has been unseasonal continued. Now that the primary cat bond market has come alive with a number of read the full article →

Catastrophe bond indices fluctuate but continue to rise

The catastrophe bond indices which track the price return and total return of the outstanding catastrophe bond market have continued to fluctuate over the last two weeks but a general upwards trend remains. When we looked at these indices two weeks ago, the primary cat bond issuance market was quiet, read the full article →