Archive for July, 2012

The last week has seen a diverse mix of news stories on Artemis as we covered new catastrophe bonds, the flow of investor capital into the reinsurance sector, longevity risk in Japan, discuss flood cat bonds again, look at regulatory issues and highlight some ILS funds shutting to new investors. Here are the ten most […]

The largest public pension fund in the world, Japan’s Government Pension Investment Fund (GPIF), is becoming a perfect example of the need for Japan to adopt longevity risk management and longevity hedging strategies urgently in order to be able to meet their growing liabilities. Japan’s population is aging rapidly and at the same time the […]

As part of the Dodd-Frank Act the U.S. Treasury are required to provide a report to Congress on the breadth and scope of the global reinsurance market and the critical role reinsurance plays in supporting the provision of insurance in the United States. Section 502 of Dodd-Frank requests the report from the Federal Insurance Office […]

Guernsey, one of the Channel Islands which sits in the English Channel south of the UK and close to France, is one of the world’s leading locations for licensing and domicile of international insurance entities. It has long been home to captive insurers, protected cell companies (PCCs)and incorporated cell companies and is now home to […]

The latest property market insured loss estimate for European windstorm Andrea has been published today by PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices. Back in April PERILS issued their second loss estimate for European windstorm Andrea at €309m, up from their first estimate in February of €267m. […]

Reinsurance broker Willis Re, the reinsurance arm of Willis Group Holdings, has published its 1st View mid-year renewals report which looks at the 1st June and 1st July reinsurance renewal periods and comments on findings on rate movements, availability of coverage and conditions in both the traditional reinsurance market and non-traditional capital markets backed convergence […]

A second insurance-linked securities investment fund with a focus on catastrophe bonds as its assets has restricted new subscriptions in the last week due to a lack of primary market cat bond issuance. First we reported that the GAM Star Cat Bond fund was to operate a waiting list on new investor interest to throttle […]

We’re now into July and so can report on the volume of catastrophe bonds that were issued during the second quarter of 2012. After a record Q1 the second quarter, while not hitting record levels, has reached a very healthy $2.118 billion of new catastrophe bond issuance according to transactions recorded in our Deal Directory. […]

At the end of last week the two U.S. houses of Congress passed a bill which will see the National Flood Insurance Program (NFIP) officially extended for another five years with some reforms enacted to it as well. The reforms do not go as far as many had wanted but along with the extension this […]

So July has now begun and we’re well into the period when the catastrophe bond market slows down and issuance becomes scarce. So it might come as a surprise to some to learn that two catastrophe bond deals hit the news in the last week. Oak Leaf Re Ltd. (Series 2012-1), a repeat of the […]