Archive for June, 2011

PartnerRe CEO Costas Miranthis was interviewed at the recent Bermuda Captives Conference by AM Best to discuss the company’s strategy six months after he became CEO and a number of key management changes were made. The interview, which you can read about and view a short video of here (via Comtex), gives an interesting insight […]

Risk modelling firm AIR Worldwide have issued an estimate for the amount of insured losses caused by severe thunderstorms and tornadoes which struck the U.S. between the 20th and 27th May this year. AIR believe that the storms which affected a large area of the U.S. will cause insured losses to residential, commercial and industrial […]

Secquaero Advisory Ltd., has announced the successful completion of  a €60m securitization of a closed block of existing in-force unit-linked life insurance policies. The transaction was issued via Secquaero’s Guernsey domiciled entity SQ ReVita. The life insurance securitization was sponsored by ATLANTICLUX Lebensversicherung S.A., Luxembourg, an affiliate of the Munich based FWU Group and syndicated […]

It’s been two weeks since we last looked at the Swiss Re Cat Bond Performance Indices to see how their performance reflected the mood and state of the catastrophe bond and insurance-linked securities market. They are now beginning to mirror the way the indices behaved last year at the beginning of the hurricane season and […]

Bermuda based reinsurer PartnerRe has issued a preliminary estimate of the losses it expects to see due to the tornado outbreak that impacted the U.S. during the last week of April 2011. This spell of tornadic weather caused hundreds of deaths and widespread damage, the worst of which was when impacted the state of Alabama, […]

AM Best have said in a news release that they continue to be concerned about the Florida Hurricane Catastrophe Fund’s ability to pay claims in the event of a major hurricane. This despite the continuing talk about the best way to shore up the fund, or replace it with private market risk transfer instruments. No […]

Each year we provide a page containing information and resources to help you track the progress of the Atlantic tropical storm and hurricane season. We’ve just launched our page for this year and you can find it here, or by clicking on the 2011 Atlantic Hurricane Season graphic which is on the right hand side […]

Risk Management Solutions (RMS) has announced that its new U.S. hurricane model, which has been the subject of much debate recently, has been approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for use in residential rate filings with the Florida Office of Insurance Regulation.

Finally it has been confirmed that Bermuda reinsurer Flagstone Re’s catastrophe bond Montana Re Ltd. Series 2010-1, issued in December 2010, has been activated by the Tohoku, Japan earthquake on the 11th March. The $60m tranche of Class E notes issued by Montana Re have been tipped to be activated since late March but now […]

Leadenhall Capital Partners has increased the size of its Leadenhall Value Insurance Linked Investments Fund by $50m to take advantage of the 1st June renewals and opportunities in the insurance-linked market. The fund invests in non-investment grade risk profile opportunities predominantly in the non-life insurance sector (P&C, motor, marine and more), including insurance-linked securities.