Archive for November, 2011

The Atlas VI Capital Ltd. Series 2011 catastrophe bond transaction which we covered the basic details of in an article last week has now received its preliminary rating from Standard & Poor’s. As a result we have more details on the transaction to bring to you here and have also updated our Deal Directory accordingly.

The renewable energy sector need to improve the way the way they manage risk and look to a broader range of alternative risk transfer products to mitigate growing financial and operational risks, according to a fascinating new report from the Economist Intelligence Unit and reinsurer Swiss Re. The report is based on a survey of […]

A significant forward pipeline of catastrophe bond deals is readying itself, according to broker Guy Carpenter in their end of third quarter 2011 report on the state of the insurance-linked securities and cat bond market. Looking ahead to the rest of this year and into 2012, Guy Carpenter’s report says that the cat bond market […]

The increasing incidence and impact of natural disasters and severe weather events in Asia is an important topic for the reinsurance and risk transfer markets. As development of infrastructure in Asian nations continues apace, incomes increase more quickly and insurance penetration grows the amount of exposure in the region is growing fast and solutions to […]

HDFC Ergo General Insurance in India have announced that they have made their first payments under their weather-index insurance programme due to heavy rainfall in the Dewas district of India. The index based weather microinsurance coverage was offered for this first time in 2011 to protect soybean farmers from heavy rainfall.

As expected, ratings agency Standard & Poor’s have published a press release confirming the 100% loss of principal to the noteholders of the Mariah Re Ltd. Series 2010-1 U.S. tornado catastrophe bond. We broke the news early this morning that the Mariah Re 2010-1 cat bond notes were likely a total loss after the payout […]

When we last wrote about the stricken Mariah Re U.S. tornado catastrophe bonds we updated you to say that the Mariah Re 2010-2 tranche was a total loss and that the Mariah Re 2010-1 tranche had been triggered with investors facing a loss of principal of as much as $11.6m. The loss estimates were still […]

Aerospace and engineering firm Rolls-Royce has announced the completion of a longevity swap transaction completed to give additional security to the members of its final salary pension scheme. In a longevity swap contract with Deutsche Bank, Rolls-Royce have offloaded some £3 billion worth of pension liabilities, covering some 37,000 pensioners.

We hope our readers in the U.S. had a good Thanksgiving break with their families! In case you missed some of our news stories from the last seven days, here’s your chance to catch up. The catastrophe bond market has been busy with new deals marketing, including an innovative workers comp linked cat bond, and […]

Regular catastrophe bond sponsor, French reinsurer SCOR, are in the early stages of marketing the latest cat bond in their Atlas VI Capital Ltd. series of transactions. This will be their third cat bond through their Dublin, Ireland domiciled Atlas VI Capital SPV and their eighth cat bond in the Atlas series of deals (details […]