Archive for February, 2013

Florida’s Citizens Property Insurance, the property insurer of last resort in the sunshine state, has been on a mission to reduce its exposures to ensure its claims paying ability is retained. This has involved a lot of discussion on the potential ‘depopulation’ of Citizens, or offloading of policies and customers to private insurers, and now […]

Collateral arrangements in catastrophe bond deals, not a subject we touch on particularly often, but something worth revisiting now that the long forecast death of the total return swap as collateral solution is almost upon us. When we last covered the total return swaps demise back in December 2011, it accounted for approximately 12% of […]

U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. At the time Travelers said that it suspected the attachment point may […]

Start-up insurance-linked securities and reinsurance-linked investment hedge fund Petra Haven Capital LLC have partnered with a third-party institutional investment marketing firm to help it broaden its reach as it raises capital. Parenteau Associates, LLC has over 20 years of experience representing investment products and services and hopes to put Petra Haven Capital in front of […]

The last seven days saw some interesting news, with an ILS fund manager backing a syndicate at Lloyd’s, an intriguing reinsurance transaction from Berkshire Hathaway and comments showing re/insurers commitment to the third-party capital space. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly […]

The latest insurer or reinsurer to express an appetite for moving further into the area of the reinsurance market where managing money from third-party investors to put to work underwriting becomes a significant part of a reinsurers business is international insurer and reinsurer Argo Group. The firm recently launched its first sidecar, an innovative Bermuda […]

The Asian Development Bank (ADB) is supporting the development of a public-private initiative to create the first earthquake insurance pool for the Philippines. The project aims to launch a functioning earthquake insurance involving government, local insurers and the international insurance and reinsurance community by 2015 and the ADB has committed an initial grant of $500,000 […]

According to an article published on Dow Jones, and available here via the Wall Street Journal, the market for longevity risk transfer through the issuance of bonds or securitization may be about to come out of hibernation. The article says that two longevity bonds are currently being marketed to investors by banks in recent weeks […]

The year 2012 saw the highest level of indemnity trigger based catastrophe bond issuance on record, with more than 50% of all cat bond volume issued exposed to the indemnity losses of the sponsoring insurer or reinsurer, according to data from Swiss Re’s latest insurance-linked securities market report. The report suggests that this shows that […]

A cross party group of members of the U.S. Congress have introduced a piece of legislation aimed at achieving the renewal of the U.S. government’s terrorism insurance backstop until the end of 2019. The Terrorism Risk Insurance Act is slated to expire at the end of 2014 and there is now a sense of urgency […]