Archive for March, 2013

The second Caelus Re 2013 catastrophe bond issuance from U.S. insurer Nationwide Mutual has grown in size to $320m before close, according to our sources. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), has been marketed quickly for Nationwide Mutual, having only first come to light a week ago. The transaction is very similar to […]

The year 2012 saw brisk activity in the registration of new insurers, reinsurers and captives in Bermuda. New insurer registrations totalled 53 for the year, according to the Bermuda Monetary Authority, with 27 of those being Special Purpose Insurers (SPI), the class of insurer in Bermuda which are largely used for catastrophe bond issuance or […]

Another of the UK’s independent asset managers has followed a trend which is emerging where some independent investment houses increase their allocations to reinsurance and catastrophe risk through some of the ILS and reinsurance funds we cover here on Artemis. This time around the asset manager in question is Premier Fund Managers, a UK investment […]

Reinsurer Swiss Re has announced that its dispute with Warren Buffett’s Berkshire Hathaway regarding a 2010 life retrocession deal has now been settled. The settlement will see Swiss Re take back some of the life exposure included in the retro deal and the reinsurer will receive a payment of $610m from Berkshire Hathaway. The terms […]

The latest sigma study from reinsurance company Swiss Re has been published today and it shows that natural catastrophes and man-made disasters in 2012 caused economic losses of $186 billion and insured losses of $77 billion. A number of large-scale weather events in the U.S. helped to push up the insured loss total for the […]

The Lloyd’s of London specialist insurance and reinsurance market has announced a 2012 profit of £2.77 billion today, bouncing back from a loss it suffered in 2011 of £516m. The Lloyd’s market managed to profit in 2012 despite incurring net claims of £10 billion, with £2.2 billion of that coming from hurricane Sandy. Now Lloyd’s […]

William (Bill) Keogh, who left his role as President of risk modelling firm EQECAT just last week, has emerged as a new hire at TigerRisk Partners, a reinsurance broking and risk and capital management firm founded by Jim Stanard and Rod Fox. Keogh resigned from EQECAT to pursue a new opportunity within the reinsurance industry […]

2013 has continued on a positive note for investors and fund managers as the average return of insurance-linked securities (ILS) and reinsurance-linked investment funds in February reached 0.73% as measured by the Eurekahedge ILS Advisers Index. This is the best February performance recorded by the Index since 2010 and beats the return of 0.68% reported […]

Bermuda based reinsurer PartnerRe Ltd. has become the latest to launch a third-party capital management play with the announcement late yesterday of a new reinsurance sidecar called Lorenz Re Ltd. The sidecar, or companion facility as PartnerRe has called it, is a Bermuda domiciled Special Purpose Insurer registered on the 5th February. Lorenz Re has […]

Just last week we wrote about New York based investment manager Stone Ridge Asset Management‘s successful raising of initial capital targets for its two insurance-linked securities (ILS) and reinsurance-linked investment funds. U.S. Securities and Exchange Commission documents showed that the funds had raised around $350m and subsequently had been closed to new investors. It transpires […]