Archive for January, 2013

Here’s a piece of news that we didn’t hear about in 2012, the two Cumulus Funds which were owned and operated by investment firm PCE Investors in London, have been bought and ownership transferred to London-based investment firm City Financial Investment Company back in October. The funds offer investors a weather risk investment opportunity, with […]

Insurance, reinsurance and financial services group Allied World Assurance Company Holdings, AG has announced another deal which enhances its abilities across its investment and third-party capital management platform, Allied World Financial Services. It have signed an investment agreement which sees it acquire a minority stake in asset manager Crescent Capital Group LP and as part of […]

The Bermuda Stock Exchange (BSX) has grown the volume of insurance-linked listings on the exchange by more than a billion dollars over the last six months of 2012. When we last listed out the catastrophe bonds, insurance-linked securities and reinsurance-linked investment funds listed on the BSX in July the total was $4.688 billion. By the […]

Bermuda based insurance and reinsurance group Validus Holdings has announced the successful raising of $404.4m of capital, largely from third-party investor sources, by its investment and asset management subsidiary AlphaCat Managers Ltd. The third-party capital injection is to be put to be invested in collateralized reinsurance and insurance-linked securities (ILS) by capitalising a new sidecar […]

The insurance and reinsurance-linked investing space is always going to be on the look out for two things as it grows. Firstly, where extra capacity will come from to satisfy the demand of institutional investors from the capital markets who want to put money to work in the insurance, reinsurance and catastrophe risk space. Secondly, […]

AIG, the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc., has now sponsored $1.85 billion worth of catastrophe bonds in the last three years. The recent completion, just before the end of the year, of the $400m Compass Re Ltd. (Series 2012-1) helped it to achieve this total. A […]

The catastrophe bond market finished 2012 on a high reaching a record for the total volume of cat bonds outstanding at the end of the year of just over $16.5 billion, according to reinsurance broker Aon Benfield’s figures in its annual review of the catastrophe bond market. Issuance of new cat bonds was at the […]

CATCo Investment Management, the specialist Bermuda based reinsurance-linked investment business who manage investment clients assets and deploy them as capacity for retrocessional reinsurance portfolios, has seen impressive inflows of capital in the fourth quarter of 2012 with around $350m of new investments. Much of CATCo’s capacity has now been deployed at the January renewals across […]

Fitch Ratings has published a report looking at the total amount of reported insured and reinsured loss estimates for hurricane Sandy damage that have been announced by insurers and reinsurers since the storm struck the U.S. northeast back in October. Loss estimates have been coming in thick and fast through December and the total amount […]

The latest firm to publish a report reviewing the 2012 catastrophe bond market is Property Claims Services (PCS), a leading source of data on insured property losses from catastrophes in the U.S. and part of the Verisk group of companies. The report looks back at 2012 from PCS’ perspective and highlights the continuing use of […]