Archive for February, 2012

Nephila Capital the well-known insurance and risk linked investment fund manager and reinsurance firm have added a new employee in February as ex Aon Benfield SVP Chris Parish joins the firm as a portfolio manager for Nephila’s catastrophe funds. Parish had been with Benfield and then Aon Benfield since 1999 and brings a wealth of […]

Here’s our Monday morning chance for you to catch up on the most viewed articles of the last week. We had a few technical issues last week after our web host suffered a major attack, sorry if this impacted your use of Artemis it was unfortunately out of our control. The problem is now rectified […]

The industry-loss warranty market, particularly the rate-on-line (RoL) pricing of a contract, is a changeable beast which is impacted by many factors. The state of the reinsurance market, reinsurance pricing and also available capacity from traditional reinsurers and sources of retrocession is one deciding factor on the way RoL is headed. Catastrophe events, losses and […]

The secondary market for trading in catastrophe bond and insurance-linked securities saw brisk activity throughout much of 2011. Of particular interest is the trading patterns and how the secondary market reacted to events which impacted these markets. We’ve written before about how catastrophe events and potential hurricanes have impacted secondary market confidence and thus trading […]

The industry loss warranty market has seen significant growth over the last decade and now sits poised to achieve as much as $7 billion of notional limit capacity during 2012, according to data from reinsurance broker Willis Re. Their recent ILW market report and outlook, which we covered in more detail here, discusses the size […]

With the completion of their second earthquake catastrophe bond through the Embarcadero Re Ltd. Bermuda domiciled SPV, the California Earthquake Authority now receives 10% of its risk transfer cover from the capital markets via catastrophe bonds. The second Embarcadero Re deal, a $150m single tranche of Series 2012-1 cat bond notes, provides another layer of […]

It seems that you can’t go a week without seeing a mention of catastrophe bonds or insurance-linked securities in a main-stream business newspaper these days. This is testament to the growing profile of the market and the increasing interest in the asset class from both sophisticated institutional investors and now some savvy retail investors too.

The new catastrophe bond which has been issued on behalf of Japanese cooperative insurer Zenkyoren by sponsor Hannover Re, Kibou Ltd., has now completed and managed to double in size before close demonstrating the attractiveness of the diversifying peril that was on offer. Kibou Ltd. was successfully completed and will provide Hannover Re with $300m […]

Swiss Re’s 2010 catastrophe bond deal Vega Capital Ltd. Series 2010-1 has had its rating upgraded by Moody’s after the deal got through its first year without any qualifying catastrophe events impacting it. This Vega Capital cat bond provides Swiss Re with cover against multi-peril losses that may result from the occurrence of up to […]

The second California Earthquake Authority catastrophe bond to be issued through the dedicated Bermuda domiciled Embarcadero Re Ltd. SPV has completed successfully and the notes issued have been listed on the Bermuda Stock Exchange. The CEA returned to the cat bond market seeking another fully collateralized, multi-year tranche of reinsurance cover from the capital markets […]