Archive for October, 2012

One of the issues we discuss regularly on Artemis is the fluctuation in secondary market outstanding catastrophe bond pricing over the course of the year and how seasonal weather patterns, such as the U.S. hurricane season, impact pricing. As with any secondary market, there are effects that change pricing across wide swathes of the marketplace, […]

International law firm Stephenson Harwood have appointed a new partner to their structured finance practice. Based in their Singapore office, Saugata Mukherjee will work across their structured finance disciplines as well as aviation financing. He has proven experience in much of the structured finance world, from aircraft financing structures to securitization, with one of his […]

After saying in last Monday’s update that the market was full of rumours that a new catastrophe bond deal would launch, by the end of last week we had three new transactions to report on. Find details on them all in our Deal Directory. As always, you can read every market news story and article […]

There’s a new insurance-linked securities (ILS) fund emerging on the scene thanks to a seed investment from German reinsurer Hannover Re. Hannover Re has had an internal ILS fund, which they have been successfully running since 2008, targeting a diversified portfolio of low-risk catastrophe bonds for their own benefits. Now they are turning what was […]

It’s always interesting to hear from the sponsors of catastrophe bonds after the deal closes to better understand the motivations and benefits they feel the transaction brings to their risk management and transfer program. This is even more interesting when it’s a government who are the ultimate beneficiary of a cat bond deal, such as […]

Thailand’s Kasikornbank, one of the largest commercial banks in the country, is introducing a range of parametric and weather index based insurance products for their mortgage customers. After the catastrophic flooding in Thailand last year there has been a renewed focus on providing affordable, simple insurance products to home and business owners, in order to […]

Once again the average return made by insurance-linked securities (ILS) funds, as measured by the Eurekahedge ILS Advisers Index, hit record levels for the year in September. In fact, last month was the best single monthly return that the index had achieved in three years, since September 2009, according to insight from ILS Advisers, an investment […]

Nephila Capital, one of the leading investment managers in the insurance-linked securities and reinsurance linked asset space, has joined a hedge fund standards setting body as a signatory member. The Hedge Funds Standards Board (HFSB) brings together managers, investors, regulators and consultants from across the hedge fund industry to help determine the best operating model […]

Suddenly the catastrophe bond market is alight with activity, as the third new transaction in as many days launches to an expectant investor community. The eagle-eyed amongst you may have noticed that we added basic details on this new cat bond to our Deal Directory yesterday and we’ve sourced enough information from contacts to make […]

Our regular readers will be aware that we’ve been following the work of the International Association of Insurance Supervisors (IAIS) which has been looking at ways to identify and manage what they term G-SII’s or Globally Systemically Important Insurers. By insurer you can also read reinsurer and any entities involved in re/insurance type business. Of […]