Archive for April, 2013

The catastrophe bond market continues to grow in size with three more transactions, all from repeat sponsors and taking 2013 issuance on preliminary figures to over $2.9 billion, added to our Deal Directory in the last week. As always, you can read every market news story and article on the Artemis news blog, subscribe to […]

Florida Senate bill SB 1770, which contains a measure designed to create a facility to allow smaller Florida insurers access to capital market sources of risk transfer through instruments such as catastrophe bonds and securitization, has passed another of its hurdles after being approved by the Senate. The bill, which many expected to have died […]

Randall & Quilter, a specialist non-life insurance investor, service provider, underwriting and captive  manager, announced yesterday the firms intention to redomicile itself from the UK to Bermuda following a period of consultation with its shareholders and receipt of full board approval. With the move to Bermuda the group aims to improve its regulatory and operational […]

Bermuda located insurance, reinsurance and third-party reinsurance capital management group Validus Holdings announced its first-quarter 2013 results yesterday. As one of the largest re/insurers which has a capital markets division and has been actively managing third-party capital for some time, it is always interesting to see how the segments of its business which touch on […]

Thanks to Aon Benfield we are able to bring you a recent interview with Liz Frederick the Director and Global ILS Practice Group Leader within the Aon Captive & Insurance Management division. The interview was originally published in Aon Benfield’s recent Q1 2013 insurance-linked securities and catastrophe bond market report, which we covered in some […]

Louisiana Citizens Property Insurance Corporation will be delighted that it has returned to the catastrophe bond market. As we revealed last week, the Pelican Re Ltd. Series 2013-1 cat bond was likely to upsize and the price guidance had dropped. Now, we understand, when the cat bond priced yesterday the coupon being paid to investors […]

Bermuda reinsurer Montpelier Re announced its Q1 2013 financial results today and revealed the contribution that its Blue Capital Management third-party reinsurance capital and reinsurance-linked fund management arm has made to its premiums written for the quarter. Blue Capital accounted for $14.6m of added property catastrophe treaty reinsurance premiums of the total $226m premiums written […]

Global independent insurance manager Kane, a leading provider of Insurance Linked Securities (ILS) and Life, Pension and Investment (LPI) administration services, has announced the establishment of a new subsidiary in Bermuda, Kane LPI Solutions Limited. The new company is licensed by the Bermuda Monetary Authority under the Investment Funds Act 2006 as a fund administrator […]

U.S. insurance company Travelers is bringing its fourth catastrophe bond to market and the second under its Long Point Re III Cayman Islands domiciled cat bond note issuing entity. Previously Travelers has tapped the cat bond market for reinsurance protection against U.S. hurricane risks in 2007 with Longpoint Re Ltd., 2009 with Longpoint Re II […]

German reinsurer Hannover Re has completed two block reinsurance transactions for longevity risks in the UK which between them will see the reinsurer assume around £1 billion worth of pension plan longevity risks. This brings the total amount of longevity risk assumed by the reinsurer in 2013 to around £3 billion when added to its […]