Archive for June, 2012

We love a bullish quote here on Artemis and veteran reinsurance industry exec Don Kramer has provided one at the Bermuda Captive Conference which has been held over the last few days on the island. The CEO of ILS Capital Management, Kramer is quoted in this Royal Gazette article as saying that he is ‘seeing […]

Reinsurance broker Guy Carpenter has published its update report on the state of the reinsurance market at the 1st June renewals this morning. Generally reinsurance price rises have begun to slow according to the report as the light catastrophe losses of the start of 2012 combined with positive reinsurer results and a reinsurance sector with […]

The global reinsurance sector was strong enough to emerge from the disaster struck year 2011 with its capital base largely intact, according to a report from rating agency Standard & Poor’s. In general S&P believe that global non-life reinsurers hold excess capital relative to their rating levels, however they do note that the level of […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), the non-profit multi-country catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries, have announced that all 16 of their member countries have renewed their policies for the 2012-2013 year. Cover provided by the CCRIF since 2007 includes hurricane and earthquake cover, both of […]

The active catastrophe bond and insurance-linked securities issuance that we’ve seen so far in 2012 has now hit its highest level for this point of the year since 2007, according to A.M. Best in an article in their BestWeek magazine. In the first-half of 2007, 20 cat bonds came to market with a total value […]

We’ve been saying for a number of years that the longevity risk transfer market has the potential to grow to a massive size given the amount of liabilities pension plans around the world are exposed to. Longevity risk transfer takes many forms as pension plans offload longevity risks via swaps, hedges, buy-in/out, annuities and reinsurance. […]

Validus Holdings Ltd. are the second Bermuda based reinsurance group to announce the launch of a new sidecar vehicle for the 2012 hurricane season, see our earlier article on RenaissanceRe’s launch of Timicuan Re III here. Validus have announced the formation and launch of the latest in their AlphaCat sidecar series, AlphaCat Re 2012 Ltd. […]

Bermuda based reinsurance group RenaissanceRe Holdings Ltd. have launched the latest version of their Timicuan sidecars with the announcement of the formation of Timicuan Reinsurance III Ltd. With the launch of Timicuan Re III RenaissanceRe will create additional capacity for the Florida homeowners insurance market and seek to capitalise on demand in the state and […]

The last seven days saw another busy week of news and insight for the catastrophe bond and insurance-linked securities market here on Artemis. Also last week, the Atlantic hurricane season has now officially begun and you can follow its development on our dedicated 2012 Hurricane Season page. Here are the ten articles which received the […]

The 1st of June marks the official start of the Atlantic tropical storm and hurricane season. The 2012 season though has already begun when a couple of weeks ago when  a very early tropical storm Alberto formed on the 19th May. Alberto made little impact but as if providing a warning approached the U.S. coastline […]