Archive for April, 2013

Another of the well-respected hurricane forecasters has published its predictions for the 2013 Atlantic hurricane season and, like the forecasters we covered the other day, they call for an active season with a heightened risk of landfalling hurricanes on the U.S. coastline. This forecast is from the Colorado State University Department of Atmospheric Science, led […]

In our discussions with market participants this week we’ve managed to glean a few more details about the recently launched second catastrophe bond from Louisiana Citizens Property Insurance Corporation, the coastal windstorm insurer of last resort. The Pelican Re Ltd. Series 2013-1 cat bond launched late last week and sees the insurer looking to tap […]

The article we published yesterday on the average upsizing of catastrophe bond and insurance-linked securitizations (listed in our Deal Directory) so far in 2013 drew a number of questions. Some readers wanted to know how the pricing for these transactions had changed during the time they were offered in the market to investors, so we’ve […]

The latest global reinsurance broker to publish an April reinsurance market renewals report containing bullish statements about the growing influence of third-party reinsurance capital on the wider marketplace is Guy Carpenter. In its press release, published this morning, Guy Carpenter reports that ample reinsurance capacity, assisted by continued convergence of traditional and alternative capital sources […]

Another catastrophe bond has settled and completed today, securing a source of hurricane reinsurance protection for the two North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA). The successful completion of the Tar Heel Re Ltd. (Series 2013-1) cat bond brings another $500m of risk […]

Reinsurance companies ability to attract and deploy third-party capital is becoming increasingly important, according to reinsurance broker Aon Benfield. The broker has today published its latest Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in 2012, and in the report discusses the increasing importance for firms to be […]

A recently published study suggests that western Europe will be hit by an increasing number of hurricane like and hybrid storms, not unlike hurricane Sandy, as the global climate warms. The study titled ‘More hurricanes to hit Western Europe due to global warming‘ suggests that by the end of this century western Europe could see […]

For catastrophe bond transaction sizes to increase during the time they are marketed to investors is not uncommon. In fact it is now more common for a cat bond to increase in size than for it to stay the same, it does happen but not very frequently. The size of a cat bond is in […]

The 2013 Atlantic tropical storm and hurricane season begins on the 1st of June and runs until the end of November. As ever, around this time of the year the forthcoming hurricane season features more heavily in insurance and reinsurance firms and catastrophe bond & ILS investors thoughts as the season approaches and the first […]

U.S. mutual insurer Nationwide Mutual’s second catastrophe bond issuance of the year settled on Thursday of last week. The transaction, Caelus Re 2013 Ltd. (Series 2013-2), grew in size by 42% during marketing of the deal to settle at $320m, bringing the total reinsurance protection that the insurer has secured via cat bond sales this […]