Archive for May, 2013

The 2013 Atlantic Hurricane Season begins tomorrow and runs for six months, from June 1st until the end of November, and the tropics are already looking ripe for storm development according to a number of forecasting models. Forecasters predict an active season in 2013 and conditions look conducive to storm development we could see the […]

As the insurance and reinsurance industry fast approaches the 2013 Atlantic Hurricane Season, which technically begins tomorrow on the 1st June, ratings agency Fitch Ratings says that the U.S. insurance industry has the capacity to withstand potential losses from hurricane related perils, helped by the growing acceptance of hurricane risk by investors in the capital […]

Positive returns continued for managers of and investors in insurance-linked securities (ILS) and reinsurance-linked investment funds in April. The average return of ILS funds in April reached 0.83% as measured by the Eurekahedge ILS Advisers Index. This is the best April performance recorded by the Index since 2007 and the best performing month so far […]

Nicholas Ernst, a high-profile figure in the weather risk management market, is joining Choice Natural Gas, a subsidiary of independent interdealer broker OTC Global Holdings, as its new Director of Weather Markets. Ernst spent ten years at weather broking focused Evolution Markets during which period he also served some time on the Weather Risk Management […]

Global reinsurance broker Aon Benfield’s investment banking and capital markets division, Aon Benfield Securities, has added another senior strategic advisory executive to its London team. Nick Triggs joins Aon Benfield Securities from Keefe Bruyette & Woods Limited as a Managing Director reporting directly to Paul Schultz, Chief Executive Officer of Aon Benfield Securities.

Risk modelling firm EQECAT has announced that it has agreed with Risk Management Solutions (RMS) an arrangement which will see the firms share exposure data schemas in an effort to help clients leverage a multi-model view of risk more simply. Currently it is time consuming to change models just to run the same data against […]

Bermuda based hedge fund backed reinsurer Third Point Re has announced a new hire to its investment management arm, Third Point Reinsurance Investment Management Ltd. The new hire will be responsible for capital raising efforts and investor relations as the firm looks to build out its reinsurance capital management and underwriting platforms.

Florida’s Citizens Property Insurance Corporation will begin the 2013 Hurricane Season in the best financial shape ever, according to recent comments made by CEO Barry Gilway. The CEO, of the insurer of last resort for many of Florida’s most hurricane exposed properties, cites the contribution that private reinsurance alongside the issuance of catastrophe bonds have […]

Private equity firm backed reinsurer Southport Re, which writes much of the reinsurance coverage it provides on a fully collateralized basis’, has made the Cayman Islands into its home after taking advantage of recent changes to the jurisdiction’s insurance laws and changing its company classification.

London based insurance-linked securities and reinsurance-linked investment manager Leadenhall Capital Partners has secured a major new $275m investment mandate from the New Zealand Superannuation Fund. It’s not the NZ Superannuation Fund’s first allocation to insurance-linked securities but it is the largest allocation to catastrophe and reinsurance linked assets the Fund has made to date.