Archive for April, 2012

Here on Artemis we often discuss the vagaries of the weather and climate and this March was certainly an unusual month worth commenting on. The U.S. saw the warmest March on record since 1950, based on natural gas weighted Heated Degree Days (GWHDDs), according to an MDA EarthSat Weather press release. As well as breaking […]

Insurance brokers Marsh and Guy Carpenter have jointly announced a new initiative called Project Noah which will launch in mid-2012. Project Noah promises to be a UK flood risk reinsurance pool which will enable home insurance in flood-prone areas to be more widely available and fairly priced by ensuring that reinsurance capacity is available for […]

Reinsurance broker Willis Re have noticed a change in the way new capital has been entering the reinsurance sector. Capital continues to be drawn into global reinsurance they say in their Willis Re 1st View April Renewals Report, but on a different basis to previous years when startup reinsurers would have been the dominant vehicle […]

The Pelican Re Ltd. catastrophe bond which is sponsored by Louisiana Citizens Property Insurance Corporation, a non-profit insurer of last resort for residential and commercial property owners in the state of Louisiana, has increased in size before closing and has now priced. The first cat bond from Louisiana Citizens, Pelican Re will provide them with […]

We’ve written a number of times about the impending Solvency II rules and what impact they could have on the insurance-linked security and catastrophe bond market. The general consensus is that the increased need for re/insurers to prove their capital adequacy will lead to a greater focus on risk transfer. This article from eFinancialNews.com (a […]

Here’s an excellent, in depth video interview with Hans Peter Boller, vice chairman and managing partner at Swiss insurance-linked securities fund manager Secquaero Advisors, from Opalesque TV a publisher of news and insight on alternative investments. Hans Peter Boller discusses the ILS product universe, why it is attractive for investors and how Secquaero Advisors manage […]

PERILS AG, a Zurich-based company providing industry-wide European catastrophe insurance data and loss indices and acting as a reporting agency for many European windstorm catastrophe bonds, has this morning released the 2012 update of the PERILS Europe Industry Exposure Database. With this update PERILS are also beginning their move to become the defacto European loss […]

The catastrophe bond market has been busily completing transactions in the past week, with two deals increasing in size. Other news this week includes the heavy insured loss toll of 2011, discussion of the cat bond market and where pricing is going, a Lloyd’s syndicate looking at ILS and a look at cat bond maturing […]