Archive for April, 2013

Another new catastrophe bond has hit the market, according to sources, and this time it is another ‘Blue’ cat bond from a regular sponsor, German insurer Allianz. We make Blue Danube II Ltd. (Series 2013-1) the German insurers eighth visit to the cat bond market and likely a replacement for its soon to mature Blue Fin […]

The large earthquake which struck China’s Sichuan province on the 20th of April will not result in any impact to insurance-linked securities (ILS) or collateralized reinsurance investment funds, according to the fund managers we’ve heard from. Despite causing widespread damage, killing at least 200 people and injuring more than 12,000 others, insurance penetration is so […]

The rapid growth of the convergence market, where reinsurance and the capital markets collide thanks to investors appetite for catastrophe reinsurance risk, has potentially significant implications for reinsurers, according to a report from rating agency Standard & Poor’s. While the growth of third-party capital in reinsurance is putting pressure on premium rates, it’s not all […]

The average return of insurance-linked securities (ILS) and reinsurance-linked investment funds in March reached 0.65% as measured by the Eurekahedge ILS Advisers Index helping the ILS fund management sector to its best first-quarter return since 2010. For the first-quarter the average ILS investment fund returned 2.08% for the quarter. The last time the ILS Advisers […]

Global provider of specialty insurance and reinsurance products and third-party reinsurance capital management firm Lancashire Holdings looks set to launch another sidecar under the successful Accordion Re branding. The first Accordion Re sidecar was so named as it was said to be designed to shrink or expand with Lancashire’s needs, investor  for catastrophe risk and […]

The insurance-linked securities, catastrophe bonds and collateralized reinsurance sectors share of the global non-life catastrophe reinsurance market is set to double by 2017, according to insights contained in a report on the ILS market published today by Clearpath Analysis. The report titled Insurance-Linked Securities for Institutional Investors 2013, features insights from professionals within the ILS […]

As expected after the insurer withdrew around $1 billion of limit from the traditional reinsurance market as it restructured its catastrophe programme to take advantage of alternative reinsurance capacity and the capital markets, U.S. insurer Allstate has launched a new $250m catastrophe bond. The new cat bond from Allstate, Sanders Re Ltd. (Series 2013-1), is […]

The capital market backed reinsurance space has been busy again, with news of new third-party reinsurance capital management launches, catastrophe bonds upsizing and Allstate launching its Sanders Re cat bond. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter updates and for […]

This won’t surprise anyone who has been following the catastrophe bond market in recent weeks, the latest cat bond in the market, Pelican Re Ltd. Series 2013-1, has seen its pricing drop during marketing and is likely to upsize to $140m before it closes. Following the trend for recent transactions the Pelican Re 2013 cat […]

The DCG Iris insurance-linked securities fund, a London Stock Exchange listed closed end ILS investment fund operated by investment manager Dexion Capital, has released some figures on its progress in recent months. The fund launched in June 2012, raising just over $40m to begin with and followed that by adding another 11m shares in late […]