Archive for April, 2013

After a sluggish start to the year, March saw a number of new catastrophe bonds come to market and this primary issuance helped to take some of the pressure off secondary market trading. The year began with low primary issuance, combined with high demand for secondary cat bond marks, resulting in unseasonal price movements and […]

Last month we wrote about another of the UK’s independent asset managers which had increased its allocation to reinsurance and catastrophe risk through one of the ILS and reinsurance funds we cover regularly here on Artemis. Premier Fund Managers, a UK investment manager offering a range of fund based investments to private clients and professional […]

The latest company to show its third-party reinsurance capital management ambitions by launching a sidecar is ACE Limited. ACE, one of the world’s largest multiline property casualty insurance and reinsurance groups, has announced the formation of a special purpose vehicle called Altair Re, which is capitalised to the tune of $95m and will be used […]

There’s been a lot of coverage on the threat non-traditional reinsurance capacity from third-party investor backed sources such as insurance-linked securities, catastrophe bonds, collateralized reinsurance capacity and sidecars presents to traditional reinsurers. It’s refreshing today to read a press release from reinsurance broker Willis Re discussing an opportunity this trend presents to mutual insurers which […]

The catastrophe bond and insurance-linked securities market can put one of its more unfortunate moments to bed now as the Nelson Re Ltd. catastrophe bond, whose fate had been uncertain due to arbitration claims, has finally been allowed to mature. The notes issued by Nelson Re in 2008 have now matured and been delisted from […]

It’s been another busy week of news on Artemis with discussion of third-party capital inflows and the resulting abundant non-traditional reinsurance capacity high on the agenda. 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 your convenience here are […]

Non-traditional reinsurance capacity, largely sourced from third-party institutional and capital market investors and recently increased to $44 billion in size, is exerting increasing influence on the global property catastrophe reinsurance market. That’s a statement that we can all agree on now that we’ve seen growing evidence from catastrophe bond and ILS pricing and the recent April […]

Two days ago we wrote about the latest report from reinsurance intermediary Guy Carpenter in which the broker looked at the April renewals and commented on trends which are emerging within the global reinsurance marketplace. One of the trends receiving attention is the growing influence of third-party reinsurance capital and Guy Carpenter said that the […]

Insurance, reinsurance and financial services group Allied World Assurance Company Holdings, AG are one of a number of firms who have been quietly establishing a range a partnerships which seem designed to help the group come to terms with and embrace the third-party reinsurance capital management trend. Now the group have announced a new hire […]

It will be no surprise for our regular readers to learn that another catastrophe bond transaction has increased in size and seen its price guidance be reduced while the deal has been marketing. The latest cat bond to follow this trend is the Bosphorus 1 Re Ltd. parametric cat bond, being issued on behalf of […]