Archive for June, 2011

Capital raising by Bermudian reinsurers has been in the news frequently over the past few weeks as they seek to raise capital and capacity to take advantage of a capacity squeeze after the disastrous start to the year and capitalise on the possibility of rising rates. Renaissance Re have become the latest to announce an […]

A magnitude 4.7 earthquake struck just off the southwest coast of Jamaica on the 16th May. The event was felt widely across western Jamaica and it was the latest in a series of tremors to affect the Caribbean island. No extensive damage or deaths were recorded although the ground was reported to have shaken for […]

Australian investors now have a new way to access the insurance-linked securities asset class as part of a diversified alternative investment strategy thanks to a new investment fund launched by Ibbotson Associates Australia, a unit of Morningstar’s Investment Management division.

Validus Holdings, a Bermuda based reinsurer, has announced the launch of a new special purpose sidecar reinsurer called AlphaCat Re 2011 Ltd. The sidecar has been set up to write collateralized reinsurance and retrocessional reinsurance, areas of opportunity in the market at the moment post-Japan and the other catastrophe losses experienced this year.

Prudential Retirement has announced the completion of its first longevity reinsurance transaction. The transaction sees Prudential provide reinsurance to UK based Rothesay Life, a subsidiary of Goldman Sachs, covering pension account longevity risks to a value of UK£100m (approx $160m).

Swiss Re has announced its latest bulk purchase of life insurance policies under their Admin Re® series of transactions. The latest deal see’s them acquire approximately 300,000 policies and UK£1.6 billion in assets from American Life Insurance Company.

Kane, a provider of risk and insurance management services, has announced in the completion of their acquisition of HSBC Insurance Management, after the deal received regulatory approval. As a result the Kane Group has now expanded to include the following locations; Kane (Bermuda) Ltd; Kane (Cayman) Ltd; Kane (USA), Inc; Kane (Guernsey) Ltd and Kane […]

India’s Prime Minister, government officials and the National Disaster Management Authority (NDMA) are meeting today to discuss current issues regarding disaster preparedness and risk transfer which could affect India’s population and economy.