Archive for April, 2013

The pricing on one of the catastrophe bonds currently in the market has dropped again, resulting in final pricing sitting right at the bottom of an already reduced range. The Tar Heel Re Ltd. (Series 2013-1) cat bond, which is being marketed for the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance […]

The latest catastrophe bond from Florida’s Citizens Property Insurance completed at the end of last week, bringing the amount of risk transfer Citizens benefits from in the cat bond market to $1 billion between its two transactions completed to date. After being clearly pleased with the drop in pricing the Everglades Re Ltd. (Series 2013-1) transaction […]

Some traditional reinsurers now see the emerging reinsurance business model of ‘fast capital’, or the flow of capital into the reinsurance market from third-party investor sources, as a direct threat to their existing portfolios, according to the latest renewals report from reinsurance broker Willis Re. The report notes a jump in the amount of capital […]

Zurich based PERILS AG, the independent provider of industry-wide European catastrophe insurance data and loss indices, has announced the release of a 2013 update to its PERILS Europe Industry Exposure Database. The database contains updated European windstorm property exposure information as well as property sums insured exposed to UK flood.

Both the price return and total return of the outstanding catastrophe bond market have continued to rise over the last fortnight as the slightly unusual trend of price firming, some of which has been unseasonal continued. Now that the primary cat bond market has come alive with a number of new issuances during March and […]

A new catastrophe bond has been presented to insurance-linked securities (ILS) investors and it will bring some welcome diversification to the market after the focus on U.S. perils in the 2013 cat bonds we’ve seen so far. This deal brings a rare peril to the market, Turkish earthquake risk. The cat bond is being issued […]

The catastrophe bond market continues to look healthy, with more news of cat bond pricing coming in at attractive levels, the latest deals upsizing and more new transactions in the market this week. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter […]