Archive for February, 2013

Bermuda headquartered Hiscox, an international specialist insurance and reinsurance group, has published its results for 2012 today and in the published regulatory announcement Hiscox discusses the benefits that an investment made last year in a catastrophe fund operated by hedge fund backed reinsurer Third Point Re brings to it. Hiscox says that by engaging with […]

As we suggested might happen last week, the primary catastrophe bond market has come back to life as regular sponsor Nationwide Mutual seeks to issue its third cat bond, Caelus Re 2013 Ltd. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter […]

One of the metrics we like to take a look at occasionally is the average expected loss of the outstanding catastrophe bond market to see what it can tell us about the kind of transactions that have come to market and where the cat bond and ILS market feels its risk appetite sweet spot is. […]

According to a report in the Financial Times, Goldman Sachs has completed the sale of 75% of its reinsurance operations, Ariel Re, to investors through a private placement. Goldman Sachs only bought Ariel Re last year in an effort to profit more from reinsurance premiums and diversify away from its core investment banking business, but […]

Unless you’ve had your head under a rock for the past month you’ll be fully aware of the high-profile deal which took place at the end of January and saw private equity and buyout giant KKR & Co. L.P. (or Kohlberg Kravis Roberts) acquire a 25% stake in the largest investment manager in the insurance-linked […]

Reinsurer Swiss Re is in the news today regarding the use of contingent capital, after a bank told reporters at Dow Jones that the reinsurer plans to arrange a series of meetings to roadshow a contingent convertible bond issuance. The bank source is said to be one of the institutions arranging the investor meetings, or […]

Lancashire Holdings, a global provider of specialty insurance and reinsurance products, is launching a new brand which will lead its efforts in third-party capital management and give it a platform it can expand from to leverage new opportunities to attract and utilise third-party capital within its underwriting. Lancashire has a history of involvement in sidecar […]

UK insurance and investment group Legal & General has completed the largest ever UK longevity swap with the BAE Systems 2000 Pension Plan. The insurance transaction between the two covers the BAE pension plan against the risk of its 31,000 current pensioners living longer than expected, covering a total of £2.7bn of pension liabilities as […]

The primary issuance market for catastrophe bond transactions is waking up after an unusually quiet start to 2013 as U.S. P&C insurer Nationwide Mutual looks to return to the catastrophe bond market with its third cat bond, Caelus Re 2013 Ltd. Nationwide Mutual’s Caelus Re II cat bond matures in May and the insurer clearly […]

Jerome Faure, who recently left his role as a Partner at ILS Capital Management, has reappeared in a new role at Bermuda-based specialty provider of property and casualty insurance and reinsurance Endurance Specialty Holdings Ltd. Faure joins the firm on the 11th March 2013 as Chief Executive Officer, Global Reinsurance, which will see him take […]