Archive for November, 2012

After the big decline in secondary market catastrophe bond prices seen in the week after hurricane Sandy made landfall we thought it would be good to catch up on the Swiss Re Cat Bond Performance Indices again to see how the last seven days had affected them. As the impact of Sandy on exposed catastrophe […]

Swiss based Twelve Capital, who operate a number of investment funds and opportunities in insurance-linked securities, catastrophe bonds, private ILS and subordinated insurance bonds, have added two new hires to help strengthen its portfolio risk analysis capabilities and operations management. Announced today, the two new hires are the appointment of Andrew Townend as a Partner […]

One week ago, rating agency Moody’s announced that hurricane Sandy would qualify as a covered event for the Combine Re Ltd. (Series 2012-1) catastrophe bond. At the time Moody’s said that the estimated range of insurance industry losses would see Sandy qualify as an aggregate event under the terms of the cat bond, but that […]

Once again, hurricane Sandy dominated our coverage last week. The market is now waiting for updates on the estimates of insured industry losses from the storm, there may be more clarity later this week we understand. As always, you can read every market news story and article on the Artemis news blog, subscribe to our […]

Fitch Ratings have performed some analysis on the potential impact on the re/insurance industry were the industry loss from hurricane Sandy to creep up towards the $40 billion mark. This is interesting as it’s gone very quiet on the loss estimate front in recent days and many insurers, reinsurers and the cat bond market continue […]

There are interesting rumours floating around the market today after the Bermuda Royal Gazette said in this article that reinsurer Montpelier Re is planning to launch a London listed retrocessional reinsurance investment fund. The article from the Gazette suggests that Montpelier Re are very close to launching the listed fund vehicle which will be called […]

The completion of French reinsurer SCOR’s latest catastrophe bond deal, Atlas Reinsurance VII Limited, last week was it turns out a first for the market, according to financial law firm Walkers Ireland. Walkers Ireland acted as Irish legal and tax counsel, as well as listing agent for the transaction and it was the first cat […]

As we hinted at the other day, there is more to come from the catastrophe bond market this month, and the first deal is from the most prolific primary insurer sponsor of cat bonds, USAA. This deal which is now being marketed to investors, with be the 19th Residential Re transaction from USAA in our […]

Once again, Swiss insurance-linked securities investment fund manager Plenum Investments is proactively updating its investors on the developing hurricane Sandy situation and the potential impact the storm could have on exposed catastrophe bonds and its ILS fund. In their latest update Plenum acknowledged the uncertainty that exists over the insured losses from Sandy and says […]

Ratings agency Moody’s has published some additional insight on the impact of hurricane Sandy on reinsurers in their latest CreditOutlook report today. The article discusses the insight gained from a number of reinsurers earnings announcements and what they have said about the potential impact Sandy will have on their fourth quarter earnings. Moody’s says that […]