Archive for March, 2013

Sponsors of and investors in catastrophe bonds will be pleased to read the recently published paper which looks at the modelled expected loss figures of new cat bond issuances and concludes that the numbers derived at issue are very close to the actual loss experience of the cat bond market. The paper from consulting firm […]

On Wednesday we covered the new catastrophe bond transaction which has come to market on behalf of Florida’s Citizens Property Insurance, the state backed property insurer of last resort. Citizens second cat bond issuance, after its successful and record-sized 2012 issuance, Everglades Re Ltd. (Series 2013-1) sees the insurer seeking to expand the amount of […]

Globally the risks posed by and impacts created by droughts and heatwaves have been growing in recent years, yet drought itself remains a widely underestimated natural hazard, according to a recent report published by the worlds largest reinsurer Munich Re. According to Munich Re’s report, there have been around ten loss-producing droughts around the world […]

A third ILS fund has been unveiled to us by London based insurance-linked securities and reinsurance-linked investment manager Leadenhall Capital Partners today. Leadenhall Capital has been experiencing strong growth of its assets under management and identified an opportunity to launch a third fund, but this time focusing on life insurance linked investments to provide a new […]

As expected Florida’s Citizens Property Insurance, the state backed property insurer of last resort, is bringing its second catastrophe bond issuance to market with a new Series 2013-1 tranche from its Everglades Re Ltd. special purpose insurer. Florida Citizens had been planning to increase its spend on private market risk transfer and reinsurance this year, […]

We now have some more details on the latest catastrophe bond to come to market which sees sponsor State Farm seeking a new source of earthquake reinsurance protection from the capital markets via a cat bond issuance. It’s the fourth time that State Farm has gone to the cat bond market for cover directly, although […]

Interesting news today as an announcement comes from broker Aon saying that they have signed an agreement with Warren Buffett’s reinsurance giant Berkshire Hathaway which will see the two firms team up to bring sidecar style capacity to retail customers of the broker at Lloyd’s. The first sidecar of its kind in the industry this […]

Insurance and reinsurance group Lancashire Holdings has already found a replacement hire to head up its newly created third-party capital management brand Lancashire Capital Management after its previous head, Simon Fascione, recently resigned. Lancashire announced this morning that Darren Redhead, previously of hedge fund reinsurer D.E. Shaw Re, has been appointed as Head of Lancashire Capital […]

The lack of primary catastrophe bond issuance, combined with continued high demand in the cat bond asset class from investors, has led to some unseasonal price movements on outstanding cat bonds in the secondary market recently. With investment managers loaded with cash from new and continuing inflows to the ILS and reinsurance-linked asset class from […]

Specialist insurance and reinsurance underwriting group Amlin aims to capitalise on the interest that third-party capital from sources such as pension funds has been showing in the catastrophe reinsurance market as it seeks to enhance its return potential. In the insurance and reinsurance groups latest preliminary results report, Chief Executive of Amlin Charles Philipps said […]