Archive for September, 2012

Reinsurer Swiss Re has renewed calls for a liquid market for longevity risk transfer to be created in their latest publication. With recent estimates suggesting that the average pension fund is already underfunded by 24%, life expectancy increasing globally and over $20 trillion of defined benefit assets exposed to longevity risk, Swiss Re insists that […]

Last week saw the market get back to work after the Monte Carlo meetings. As usual that means news was a little slower, although what news did break has been particularly interesting. As always, you can read everything on the Artemis news blog and here are the ten most popular news articles from the last […]

Just a week ago, German reinsurer Hannover Re completed their latest catastrophe bond transaction, Eurus III Ltd. Hannover Re have been a regular issuer of cat bonds and have also used the capital markets for a number of other insurance securitization transactions, including life securitization in the past. So they are not a newcomer to the […]

CATCo Investment Management, the specialist Bermuda based reinsurance-linked investment business who manage around $2 billion of retrocessional reinsurance portfolios for their clients, have said today that they expect their fund, the CATCo Reinsurance Opportunities Fund, to deliver a net return in excess of 20% this year. The forecast was caveated with the statement that achieving […]

Yesterday we revealed the news that the world’s largest reinsurer, Germany headquartered Munich Re, was working on plans to launch an insurance-linked securities and catastrophe bond fund. The story generated a lot of interest, becoming the most viewed of the day, and as details were scant we reached out to Munich Re to request some […]

The longevity swap market has been notably quiet in 2012, as broader economic factors seemed to put a stop to transactions in the space after a relatively busy 2011. Now it seems that things might begin to pick up as it has been reported that Heineken UK, a brewer of beer and cider products, is […]

European Commissioner Michel Barnier, who is responsible for the implementation of the Solvency II regulatory rules, has proposed to halt the talks discussing the issue until a new study can be undertaken into the impact of Solvency II on insurers and reinsurers. The talks between European member states and the European Parliament appear to have […]

German reinsurer Munich Re, the largest reinsurance company in the world, is considering deepening its involvement in the insurance-linked securities market by launching an ILS fund. Munich Re are already very involved in the ILS and catastrophe bond space, as a sponsor of cat bonds regularly using ILS as a risk transfer tool, their Risk […]

From a sponsors perspective, be that an insurer, reinsurer or perhaps even a corporate sponsor, there are many beneficial features to the catastrophe bond. They can be structured to closely complement existing sources of reinsurance or retrocessional cover, they can provide capacity where it perhaps was not available through the traditional reinsurance markets and they […]

Accumulated cyclone energy (ACE) is just one of the measures used to identify how active or severe a tropical cyclone or hurricane season has been. It’s a measure used by the National Oceanic and Atmospheric Administration (NOAA) to express the activity of individual tropical storms and entire seasons, using an approximation of the energy used […]