Archive for May, 2013

According to a recently published update LGT Insurance-Linked Strategies, the insurance-linked securities and reinsurance-linked investment manager, has participated in another private catastrophe bond transaction. The transaction appears to have been completed recently and LGT participated as the sole investor.

Risk modelling firm EQECAT is the first to offer an estimate of insured property losses for the recent tornado events, including the devastating Moore, Oklahoma tornado. In its latest CatWatchTM report EQECAT has put an insured loss estimate on the tornado events of the 18th to 20th May, including Moore, of between $2 billion and […]

The last of the forecasters who we follow on Artemis, the U.S. National Oceanic and Atmospheric Administration or NOAA, has now published its forecast for the 2013 Atlantic hurricane season. The NOAA has joined all the other forecasters we follow by predicting an above average hurricane season.

Another reinsurance-linked investment manager has come forwards with a statement regarding the tornado which struck Moore, Oklahoma on the 20th May. Blue Capital Management, the third-party capital management arm of Bermuda based reinsurer Montpelier Re that specialises in catastrophe reinsurance-linked investment products for institutional and retail investors, has said it expects no material loss from […]

Specialist Bermuda based reinsurance-linked investment business CATCo Investment Management, which underwrites and manages portfolios of catastrophe reinsurance and retrocessional contracts using investment clients assets, has provided an update regarding the Moore, Oklahoma tornado event. CATCo says it expects no meaningful impact to its 2013 portfolio if the insured losses related to this event remain below […]

The latest catastrophe bond transaction from Germany headquartered insurance and reinsurance group Allianz has now successfully completed, received its rating and the issued cat bond notes have been listed in Bermuda. The Blue Danube II Ltd. (Series 2013-1) cat bond has now secured sponsor Allianz Argos 14 GmbH a $175m three-year source of fuly-collateralized, multi-peril […]

Insurance-linked securities and reinsurance-linked investment manager LGT Insurance-Linked Strategies is the latest manager of catastrophe linked assets to say that, at this stage, it does not expect an impact to any of the investment positions or mandates that it holds from the Moore, Oklahoma tornado event of the 20th May.

Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, has seen continued strong usage of its loss data and indices by the reinsurance and catastrophe bond sector in the last twelve months. The total amount of PERILS-based limits at risk has grown by 22% over the course of […]

A third privately marketed and placed catastrophe bond transaction is being issued through Oak Leaf Re Ltd., a Bermuda domiciled special purpose insurer according to the market. The transaction, Oak Leaf Re Ltd. (Series 2013-1), is seeking a source of fully-collateralized, indemnity based reinsurance protection from Florida hurricanes for a homeowners insurer in the state, […]

Bermuda based specialist insurance-linked securities and collateralized reinsurance investment manager ILS Capital Management, Ltd. has announced an expansion to its strategy as it intends to begin investing in specialty reinsurance contracts. ILS Capital Management aims to bring something new to investors in reinsurance and catastrophe risk, by including specialty reinsurance investments within its flagship fund, […]