Archive for September, 2010

PERILS AG seem to be experiencing very positive growth of transactions utilising their industry loss indices. They last reported the volume of transactions using their index at $250m for the first six months of 2010. Judging by their latest announcement they are successfully building on that momentum and their products are becoming widely accepted.

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has announced that its loss estimates for European windstorm Xynthia have risen in its latest update on loss development for the storm.

AIR Worldwide have announced a major update to their European wind risk model. This is particularly relevant (and good timing) as we are nearing the season for European windstorms and the insurance-linked security market expects a number of European windstorm cat bonds before the end of the year.

Following on from their recent report which was a positive look at the state of the insurance-linked securities market (which we reported on here) Aon Benfield have released a report which looks forward at the prospects for the reinsurance market in 2011. The report titled ‘Reinsurance Market Outlook – Abundant Capital To Cultivate Growth‘ looks […]

Bermuda are continuing to push hard to promote themselves as a perfect jurisdiction to list insurance-linked security and catastrophe bond special purpose insurers. As we’ve written about recently (here on the amount of cat bonds listed in each domicile and here with our list of cat bonds listed by domicile) Bermuda has fallen behind the […]

Moody’s Investor Services has issued a press release stating that the Nelson Re catastrophe bond transaction sponsored by Glacier Re will not be affected by Glacier’s recently announced quota share and renewal rights transaction with Endurance Speciality Holdings.

Guy Carpenter has released its annual World Catastrophe Reinsurance Market 2010 report this morning. The report looks at the catastrophe reinsurance market during 2010 so far, the disasters which have happened and any significant market events. Of course catastrophe bonds get a mention as does Solvency II. The press release from Guy Carpenter is below:

It’s the Rendez-Vous de Septembre reinsurance industry meetings in Monaco at the moment. The event sees many of the leading lights of the reinsurance world attend to meet, discuss and learn about the state of the market. The event always has some briefings with interesting topics and yesterday there was a press briefing hosted by […]

Catco Investment Management is set to launch in Bermuda during Q4 this year as a collateralised catastrophe reinsurance fund with $1b of backing. The fund is being launched by ex-Oxygen Re broker Tony Belisle.

Scor has sought additional natural catastrophe cover from the capital markets through an innovative contingent capital transaction with UBS. The deal will provide Scor with an additional €150m of coverage for natural catastrophe risks. The facility will issue shares when Scor’s aggregated natural catastrophe losses cross a certain pre-determined threshold. Full press release below.