Archive for May, 2013

U.S. primary insurer and military focused mutual insurer USAA has become the latest cat bond sponsor to see its new transaction increase in size and pricing expectations for the deal drop due to demand from investors. Residential Reinsurance 2013 Ltd. (Series 2013-1) is the 20th cat bond USAA has sponsored under the Residential Re banner […]

The latest quarterly insurance-linked securities and catastrophe bond market report from Willis Capital Markets & Advisory (WCMA) was published late last week. The ILS market report looks at the issued and marketed deals which launched in the first-quarter of this year and discusses some of the emerging trends in the sector. WCMA sees a strong […]

U.S. primary insurer The Travelers Companies, Inc. has successfully sponsored its fourth catastrophe bond transaction with the recently completed Long Point Re III Ltd. (Series 2013-1) transaction. The second issuance under its Long Point Re III Cayman Islands domiciled SPV, this deal secures Travelers a $300m three-year source of fully-collateralized reinsurance protection against hurricanes in […]

The reinsurance and capital markets convergence sector continues to grow strongly as the market matures and captures an increasingly large share of global reinsurance renewals. As always, you can read every market news story and article here on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are […]

A report published by the United Nations Office for Disaster Risk Reduction (UNISDR) suggests that economic losses from natural disasters and catastrophe events have been dramatically underestimated in the past. The report suggests that economic losses from floods, earthquakes and droughts alone have been underestimated by as much as 50% and that the actual figure […]

A report, published by the North America research team of financial services and investment banking firm Morgan Stanley, suggests that the mid-year reinsurance renewals could see the participation of alternative reinsurance capital grow to as much as 30%. The report is the result of a research team trip to Bermuda where researchers met with reinsurers, […]

On the 12th of May 1999 an internet portal was launched in front of an audience of reinsurance and investment executives in Bermuda. The website launched with a noble goal of raising the profile of what was a new and growing piece of the risk transfer and reinsurance puzzle, removing the mystery that existed in […]

The world’s largest reinsurer Munich Re expects the global insurance market to grow strongly over the rest of this decade as emerging economies come up to speed, according to a study published today. Munich Re’s Insurance Market Outlook 2013 concludes that both primary property and casualty insurance and life insurance premiums will grow strongly, while […]

Amlin plc, the insurance and reinsurance group engaged in non-life underwriting in the Lloyd’s market, Bermuda and Europe, has recognised the impact that third-party reinsurance capital and the capital markets are having in a statement published this morning. For Amlin the impact of third-party capital on reinsurance rates is both a help and a hindrance […]

We reported earlier this week here that Prudential plc had shown a growing appetite for investments in catastrophe risk and reinsurance after it participated in the recently closed second share offering from the Montpelier Re backed Blue Capital Global Reinsurance Fund Limited. Regulatory filings show that Prudential are not the only asset manager that picked […]