Archive for November, 2011

Southeast Europe and the Caucasus countries stand to benefit from a grant to the World Bank backed catastrophe and weather risk reinsurance vehicle Europa Re. Europa Re was set up to help these countries develop their own catastrophe and weather risk insurance markets by providing a solid, backed, reinsurance vehicle and risk management tools, techniques […]

Back in October the California Earthquake Authority (CEA) spoke to us about their use of catastrophe bonds as part of their overall reinsurance and risk transfer program and the value they have found in their most recent Embarcadero Re Ltd. cat bond transformer. In the article ‘How the California Earthquake Authority finds value in catastrophe […]

According to an article in the Royal Gazette Bermuda, the reinsurance industry is likely to see an increasing trend towards external capital leading their underwriting efforts as the traditional reinsurance model becomes less common. The event, PwC/S&P Bermuda (Re)insurance 2011, saw experts discuss the future for the reinsurance sector on the island and a very […]

The last year has seen a move towards issuers of catastrophe bonds and insurance-linked securities bringing more ILS deals to market as private transactions, without rating and with less involvement of certain service providers. The idea behind these private ILS and cat bond deals is to reduce the frictional costs of issuance and speed transactions […]

Prudential Retirement has announced the completion of their largest longevity reinsurance transaction to date, helping them to sustain expansion of their pension risk transfer business. The $723m (UK£450m) deal saw Prudential provide reinsurance of longevity risk to Rothesay Life and sister company Paternoster (both Goldman Sachs subsidiaries).

The eastern Van region of Turkey has been hit by another damaging earthquake less than a month after a M7.2 quake struck the area. The second quake struck late yesterday in the Edremit district, 16km (10 miles) south of Van, the US Geological Survey said. An M5.6 quake, so much weaker than the one in […]

Swiss Re’s latest catastrophe bond transaction under their Successor X Ltd. Cayman Islands special purpose vehicle has closed successfully at an upsized $130m. The Series 2011-3 Successor X deal began marketing a few weeks ago, with two tranches of notes, only one of which was being rated. This is the fifth time Swiss Re has […]

Earlier today we announced the publication of a Q3 2011 insurance-linked securities market report from Willis Capital Markets & Advisory, the mergers & acquisitions and capital market products division of global broker Willis Group. There were some interesting points in the report worthy of further discussion including some insight into pending regulatory changes which could […]

Willis Capital Markets & Advisory (WCMA) have published their latest report looking at the insurance-linked securities and catastrophe bond market over the last quarter. The Q3 2011 report found that none of the cat bonds issued during the third quarter had any exposure to U.S. hurricane risk, so offering much needed diversification to the market, […]

Global reinsurer Munich Re have announced their third-quarter 2011 results this morning. They turned a profit of €290m during the third-quarter which has helped them to bring their nine month results into the black after the disastrous start to 2011. For the year to date, Munich Re are now in profit by €80m and they expect […]