Archive for November, 2010

Aliseo Reinsurance SCC has been founded in Barbados and yesterday announced its intention to start operating with an initial capitalization of $300m in January 2011. Aliseo Re is targeting the global retrocession market and focused on providing catastrophe reinsurance protection.

A new catastrophe bond issuance is being marketed by SCOR through their Dublin based SPV Atlas VI Capital Ltd. This is the second issuance under Atlas VI Capital Ltd. and follows the first Atlas VI issuance of €75m of catastrophe bond notes from SCOR in December 2009.

Dutch construction and infrastructure companies exposed to financial risks associated with continued delay due to extreme weather such as frost, heat or rain can now use an innovative weather cover to protect their assets. Bouwend Nederland, weather risk specialist CelsiusPro, reinsurer Swiss Re, insurance brokers Aon Risk Solutions, and Meeus have jointly developed a new […]

The Government of Jamaica has decided to extend the coverage it receives from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to include cover for flooding and periods of unusually heavy rainfall. The Minister of Finance told the press that he expected the extension to the facility to come into effect by the end of January […]

The life settlements investment market has had some criticism over the last few months after regulators comments and the introduction of a new code of practice from the European Life Settlement Association (ELSA) drew attention to the asset class. Now PDL International is seeking to address those concerns.

It’s that time of year when companies who have exposures due to colder weather are watching the long range weather forecasts and deciding whether or not to hedge their weather risks this year. We’re hearing that there has been increased interest in cold weather hedging this year after the extremes experienced in some parts of […]

The Chicago Mercantile Exchange (CME) has seen its first snowfall contract trade in the past week. With winter approaching companies are beginning to think about winter weather and seeking to hedge their exposures to either too much snow or too little.

We’ve heard from American Family Mutual Insurance Co. that their recent first foray into the catastrophe bond market may not be their last should they require further cover.

There’s an interesting article (may require login) on the FT.com website which discusses Guernsey and its ambitions to continue to be the leading captive domicile in Europe but to also broaden its scope to take more advantage of reinsurance and its convergence with the capital markets through alternative risk transfer.

Several Caribbean island states have received payouts from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for damages caused by the passage of tropical storm / hurricane Tomas earlier this month.