Archive for May, 2012

It’s interesting to take a closer look at the mix of perils that make up the catastrophe bond market and to compare the way that mix changes over time. In recent years the dominance of the cat bond market by U.S. hurricane risks has been a defining feature and that likely won’t change as the […]

Insurance-linked securities and catastrophe bond investment manager Fermat Capital have, along with specialist investment advisor, Brookvine, launched a new fund in Australia called the Fermat ILS Yield Fund. The new fund will invest in catastrophe bonds and Fermat Capital will manage the investment side of it while Brookvine will assist with marketing and client servicing management […]

The Farmers Exchanges, the third largest insurer of personal auto and homeowners insurance in the U.S., has announced the renewal of a $500m contingent capital facility designed to give them access to capital in the event of major catastrophe loss. Initially launched in 2007, the contingent capital facility gives the Farmers Exchange the ability to […]

Willis Capital Markets & Advisory (WCMA), the division of global broker Willis Group which focuses on capital markets transactions such as catastrophe bonds and insurance-linked securities, recently published a review of the first quarter of 2012 ILS market. We’ve already covered Q1 extensively so we won’t cover this report in detail (you can read all […]

Citizens Property Insurance, the state backed property insurer of last resort in Florida, who recently completed the largest catastrophe bond ever with the $750m Everglades Re Ltd., is planning to double the total amount of private market risk transfer purchased this year to $1.5 billion. Earlier this year we reported that Citizens would seek $750m […]

Skymet Weather Services, a provider of weather data and forecasts to various sectors in India, is planning to launch weather derivative indices on commodity exchanges such as India’s MCX and NCDEX according to a report in the Business Standard newspaper. Skymet are preparing the modelling and structure of weather derivative products in the hope that […]

Further details have emerged about the Residential Reinsurance 2012 Ltd. catastrophe bond which is being marketed on behalf of sponsor USAA. The transaction, USAA’s eighteenth cat bond, is another multi-peril deal which will see them tap the capital markets for additional cover. Given the appetite of investors for cat bonds recently it will be interesting […]

Swiss alternative assets and insurance-linked securities investment manager Plenum Investments will be focusing in on their ILS business after it was announced that their non-insurance-linked investment operations would be moved under its own brand name, Pulsar. The move will help them to focus on their two core areas of operations and help them to strengthen […]

The $750m of catastrophe bond notes issued by Everglades Re Ltd. on behalf of sponsor Florida’s Citizens Property Insurance, which recently became the largest catastrophe bond deal ever, have been approved for listing on the Bermuda Stock Exchange (BSX). The Everglades Re Ltd. principal-at-risk variable rate notes program has also been listed and as a […]

Reinsurer Swiss Re have issued a press release regarding the recently completed $400m Mythen Ltd. multi-peril catastrophe bond transaction. The release see’s Swiss Re demonstrate their commitment to the capital markets as a source of risk transfer for certain of their natural catastrophe risks. Mythen Ltd. is the latest cat bond programme from Swiss Re […]