Archive for June, 2009

A new Bermudian reinsurance company has been formed by Renaissance Reinsurance Ltd. The new company called Timicuan Reinsurance II is essentially a sidecar vehicle set up specifically to create additional capacity for the Florida property reinsurance marketplace at the upcoming renewals. RenaissanceRe say they have entered into a fully-collateralized reinsurance agreement with Timicuan Re II […]

In the last few days as the U.S. Atlantic hurricane season approached (it’s now officially started) reports have emerged that catastrophe bond yields have climbed back up to near record highs. According to issuers, cat bonds are trading at similar levels to the yields seen just after hurricane Katrina. That’s pretty amazing, and shows that […]