Archive for January, 2013

The two firms who played leading roles in bringing the recently completed Lakeside Re III Ltd. catastrophe bond to market for sponsoring insurance group Zurich have spoken out about their roles in the deal. The $270m earthquake cat bond provides Zurich American Insurance, Zurich Insurance Co. Ltd. and some subsidiaries with a three-year source of […]

Bermuda based reinsurer RenaissanceRe has announced the formation and launch of a new Bermuda domiciled special purpose insurer sidecar vehicle called Upsilon Reinsurance II Ltd. The new venture has been formed to take advantage of the renewals by creating additional capacity for the worldwide aggregate retrocessional reinsurance market.

Every year in January we ask our readers for their thoughts as to what volume of catastrophe bonds and similarly structured insurance-linked security transactions they believe will be issued over the coming year. Once again in 2012 our audience guessed the correct volume, with 30% of respondents saying they thought between $6 billion and $8 […]

The total return of the outstanding catastrophe bond market in 2012 beat the long-term average to come in at an impressive 10.3%. After a sluggish start to 2012 the total return of the market, as measured by the Swiss Re Global Cat Bond Performance Total Return index, climbed strongly through the rest of the year. […]

The catastrophe bond and insurance-linked security primary market had an active year in 2012, with total issuance over the course of the year helping 2012 become the second highest volume of issuance recorded in a single year. Cat bonds and ILS in 2012 saw both repeat issuers and sponsors return to the market, as well […]

The reinsurance market entered the key January reinsurance renewals period with ample dedicated capital and stable pricing, according to reinsurance broker Guy Carpenter’s January 2013 Reinsurance Renewals report. Price volatility is being seen, but only on loss-affected lines and regions of business. One factor contributing to the healthy capitalisation of the global reinsurance market is […]

As a new year begins here at Artemis we’re pleased to report that 2012 has been our busiest year ever. Artemis has been serving these niche reinsurance and risk transfer markets since our launch back in May 1999 making Artemis the longest-serving publication covering catastrophe bonds, insurance-linked securities, alternative reinsurance and risk transfer. Artemis has […]

At the key 1st January reinsurance renewals the global reinsurance industry capital base remained adequate thanks to an accelerating inflow of new capital, according to Willis Re in their report on the 1/1 renewals. The reinsurance broker said that thanks to inflows of capital and continued demand for catastrophe event risk as an asset class, […]

The key reinsurance renewals of the 1st January 2013 are now well underway with the majority of contracts bound and this gives reinsurers, brokers and buyers a chance to reflect on the last twelve months and the pricing and rates achieved at renewals. The view from reinsurance broker Willis Re is that there has been […]