Archive for January, 2013

The first insurance-linked security transaction to come to market in 2013 is the fourth in life insurer Aetna Life Insurance Company’s series of Vitality Re medical benefit linked securitization deals. Vitality Re IV Ltd. (Series 2013-1) is being marketed and seeks to issue at least $150m of medical benefit claims linked ILS notes to investors […]

International insurer and reinsurer Argo Group has announced the launch of a sidecar with a difference today. Argo has established Harambee Re 2013-1 Ltd., a Bermuda domiciled sidecar vehicle, which will provide capacity for the 2013 accident year. It is the first time Argo Group have launched a sidecar, expanding its use of collateralized capacity […]

Reinsurance broking firm JLT Re, a subsidiary of the Jardine Lloyd Thompson Group, have announced a new hire who will focus on property reinsurance, property retrocession and industry-loss warranties (ILW’s). Paul Thyer joins JLT Re’s London team immediately as a Partner bringing 32 years of experience in the reinsurance and retrocession markets with him.

One of the leading Japanese trading and business investment firms operating globally, Itochu Corporation, are getting into reinsurance underwriting by investing in Antares Syndicate 1274 managed by Antares Managing Agency Ltd at Lloyd’s of London. Interestingly, Itochu were an equity investor in insurance-linked securities fund manager Juniperus Capital, having invested in it back in December […]

2013 began slowly for secondary market outstanding catastrophe bond prices. Looking at the Swiss Re Cat Bond Performance Indices, to see what they can tell us about the market, it’s clear that the market enjoyed its holiday as gains have been slight. The recovery of both the price and total-return cat bond indices had slowed […]

Reinsurance broker Guy Carpenter has added two senior hires to its GC Securities capital markets and investment banking arm. Andrew Beecroft and Paul Rayner have both been appointed as Managing Directors within GC Securities effective today (7th January), they are both qualified Chartered Accountants with experience across insurance and corporate finance and both are based […]

The first week of 2013 is now behind us and there was, as ever at this key juncture for the reinsurance market, a number of important news stories. Start 2013 off the right way by catching up here. As always, you can read every market news story and article on the Artemis news blog, subscribe […]

A trend which we’ve been writing about for a number of years here on Artemis, is the increasing number of reinsurers getting involved in the management of third-party investor capital in insurance, reinsurance and catastrophe-linked investment funds. The fully-collateralized reinsurance space has been on the up in recent years, but two of the world’s largest […]

The United States (U.S.) dominated natural catastrophe insured losses in 2012, according to the world’s largest reinsurer Munich Re in its review of worldwide natural catastrophes which it published this week. As much as 90% of the global natural catastrophe insured loss total is attributed to events in the U.S. with Munich Re saying that […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, has today published their fourth and final loss report and estimate for European windstorm Andrea, a storm which impacted the UK and Western Europe from 4th to 5th January 2012. The loss estimate has been reduced by €1m to leave […]