Archive for May, 2012

After a record first quarter for the catastrophe bond market, which featured a diverse mix of old and new perils, new structures and new capital providers the capital market continues to demonstrate significant and growing appetite for catastrophe risk, says intermediary Guy Carpenter‘s GC Securities division in their end of Q1 2012 cat bond market […]

The huge Everglades Re Ltd. catastrophe bond which completed in April at a record $750m for a single cat bond helped the month become the strongest single month for volume of catastrophe bonds issued since the market began, according to the latest report from Swiss insurance-linked securities investment manager Plenum Investments. Four cat bonds completed […]

An interesting lawsuit is taking place in the U.S. between Mountain Creek Resort Inc., a ski resort operator, and Everest Indemnity Insurance Company, who provided Mountain Creek with weather insurance cover to protect them against a lack of snowfall during the peak ski season. It is rather strange though as the complaint seems to centre […]

The latest catastrophe bond of 2012 was launched last week when we revealed that U.S. insurance group Travelers would be returning to the cat bond market with their third transaction, Long Point Re III Ltd. This deal see’s Travelers re-use the naming convention (with the addition of a space) of their two previous cat bonds, […]

Juniperus Capital, the Bermuda-based insurance- linked investment manager focused on collateralized reinsurance, catastrophe bonds and insurance-linked securities, today announced that a veteran of the re/insurance industry Chris McKeown has joined the firm as Chief Executive Officer. They also announced today that the firm intends to rebrand themselves within the next few weeks.

With primary catastrophe bond issuance still flowing strongly, the latest cat bond Long Point Re III launched last week, investors are still jostling to gain access to and accommodate the latest transactions to come to market. The results of this and other price pressures is a continued decline on price returns of outstanding catastrophe bonds. […]

Bermuda domiciled reinsurer Renaissance Re’s weather and energy risk management arm, RenRe Energy Advisors Ltd., have seen a large seasonal loss over the winter due to warmer than normal conditions across the U.S. and Europe according to their recent quarterly earnings call (transcript available here). It’s their second quarterly loss in succession as both Q4 […]

The past week saw another new catastrophe bond come to market as Travelers launched their latest deal, Long Point Re III Ltd. With two cat bonds currently being marketed, Q2 2012 is heading to a reasonable level of issuance and likely to clear $2 billion before the start of the hurricane season in June. Other popular […]

U.S. insurance group Travelers is bringing their third catastrophe bond to market through a newly established program called Long Point Re III Ltd. according to sources in the ILS market. Travelers are continuing the Longpoint Re naming tradition of their two earlier transactions, Longpoint Re Ltd. and Longpoint Re II Ltd. The latest cat bond […]

Catastrophe bonds and insurance-linked securities are viewed as an asset class which can offer exceptional market-beating returns and which are largely uncorrelated to the broader capital markets. They’re also viewed as something that investors should generally be prepared to commit capital to for a reasonable length of time in order to achieve the returns that […]