Archive for May, 2012

Another week has passed and still the record breaking $750m Everglades Re Ltd. cat bond is among the top stories of the last seven days. Another cat bond has now begun marketing as well as regular sponsor USAA bring their 18th transaction to market through a new SPV Residential Reinsurance 2012 Ltd. The market will […]

Swiss Re’s latest catastrophe bond transaction has now completed successfully. The deal saw their new Cayman Islands domiciled issuer Mythen Ltd. secure $400m of fully collateralized industry loss based per-occurrence coverage for first and second event U.S. hurricanes and European windstorms. As we revealed last week, Mythen Ltd. more than doubled from its target size […]

London, UK based insurance-linked securities investment manager Leadenhall Capital Partners has announced that thanks to new inflows of investor capital they have now cleared $650m in assets under management for the first time. Leadenhall’s two funds specialise in investment in insurance-linked security and catastrophe bond instruments.

The recently published report on Insurance Linked Securities (ILS) by independent publisher Clear Path Analysis contains a roundtable interview which involves two representatives of pension funds who don’t currently invest in catastrophe bonds or insurance-linked securities and asks them what they think of the asset class. Their comments suggest that there is still a need […]

Global law firm Appleby has announced a number of new appointments to partner within their organisation. Two of those appointments will interest our readers as they involve lawyers with a track record in the insurance-linked securities and catastrophe bonds sector. Appleby are one of a number of law firms who have been growing their participation […]

Regular, and prolific, catastrophe bond sponsor USAA is bringing another cat bond transaction to market through their latest Cayman Islands entity Residential Reinsurance 2012 Ltd. according to our sources. Residential Re 2012 will be their 18th transaction (details of every Residential Re cat bond can be found in our Deal Directory), again confirming USAA’s commitment […]

The record-breaking Everglades Re Ltd. catastrophe bond which closed recently securing sponsor Florida’s Citizens Property Insurance a massive $750m of fully collateralized, two year hurricane reinsurance cover, has been the subject of considerable discussion in the press since we first revealed it had upsized. Information has now emerged on the amount of investors who have […]

Speedwell Weather Derivatives, a provider of software, weather data, forecasts and consultancy to the weather derivatives and weather risk management market have announced the release of SWS Version 8.0, the latest version of their weather derivative pricing and risk management software.

French supermarket retailer Carrefour, who have more 4,500 retail outlets in the country, is turning to a weather risk management information provider to assist them in making better decisions on merchandising and product selection. Through the deal with weather forecaster and data provider Metnext, Carrefour will integrate weather data into their sales forecasting and understanding […]

The Everglades Re Ltd. catastrophe bond has now completed and has been settled successfully at a size of $750m making it officially the biggest catastrophe bond to ever hit the market. Everglades Re is special not only because it achieved this size, it is the first cat bond to be issued by sponsor Florida’s Citizens […]