Archive for April, 2012

The exodus of lawyers with experience in reinsurance, insurance-linked securities and catastrophe bond transactions from Dewey & LeBoeuf is continuing with the latest moving across to DLA Piper. DLA Piper announced the appointment of Prakash Paran to their London office as a partner in the Corporate group and member of the global Insurance and Reinsurance […]

The first quarter of 2012 saw record catastrophe bond and insurance-linked security issuance with the total volume of cat bonds and ILS issued hitting $1.493 billion at the end of March. This beat last year’s record Q1 issuance of $1.015 billion by $478m as both regular sponsors and some new issuers pushed the volume of […]

Reinsurance broker Aon Benfield’s latest Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during March, highlights the growing losses that the reinsurance industry will face from the U.S. tornado season in 2012. The season has got off to an above average start again and the number of tornadoes to be […]

The recently completed Akibare II Ltd. Japan typhoon catastrophe bond, sponsored by Swiss Re on behalf of ceding Japanese insurer Mitsui Sumitomo Insurance Co. Ltd., has now had ratings assigned to the cat bond notes it issued and the notes have been listed on the Cayman Islands Stock Exchange. Akibare II upsized to complete as […]

Anchor Risk Advisors, an investment manager focused on the insurance-linked securities and catastrophe risk investment sector with one of the longest track records in ILS thanks to its teams experience, has announced the appointment of BNP Paribas to provide hedge fund administration services for its latest insurance-linked investment strategy. With the appointment Anchor are continuing […]

GC Securities, the capital markets and insurance-linked securities arm of broker Guy Carpenter, have issued a press release regarding their involvement in the recently completed Blue Danube Ltd. catastrophe bond. GC Securities acted as a joint structuring agent and joint bookrunner on the deal alongside Swiss Re Capital Markets.

It’s two weeks since we last looked at the Swiss Re Cat Bond Performance Indices to see what they can tell us about the movements in pricing and returns of outstanding catastrophe bonds and the general sentiment of the cat bond and insurance-linked securities marketplace. Last time we looked the price return index had achieved […]

We hope our readers have enjoyed their Easter holiday break (where celebrated). Here’s your Monday catch-up of the top news of the last week from Artemis. This week saw the awaited catastrophe bond from Florida Citizens come to market, the first time Citizens has tried to tap the capital markets for some of their reinsurance […]

Another high-profile partner with significant insurance-linked securities experience from law firm Dewey & LeBoeuf has moved on from the firm to join one of their competitors. Just last month a team of ILS and catastrophe bond focused structured finance lawyers left the firm for competitor Willkie Farr & Gallagher. Now Mayer Brown have announced that […]

Yesterday we broke the news that Florida’s Citizens Property Insurance, the state backed provider of property insurance, was bringing its first catastrophe bond to market through a newly established Bermuda special purpose insurer named Everglades Re Ltd. This transaction has been expected since January when it emerged that Florida Citizens was considering the capital markets […]