Archive for May, 2013

The primary catastrophe bond market saw another new transaction launch in Residential Re Ltd. (Series 2013-1) and an interesting new index-tracking ILS fund launched in the last week. 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 […]

Bermuda based reinsurer RenaissanceRe has shown its willingness to be flexible and meet investors needs in the management and deployment of third-party reinsurance capital. The reinsurer has recently used securitization as a tool for managing third-party capital and meeting investors needs for the first time and has ceded catastrophe risk to an investor through a […]

After successfully closing its latest fundraising placement of new shares netting its flagship reinsurance-linked investment fund an additional $52m, Blue Capital Management, the third-party capital management arm of Bermuda based reinsurer Montpelier Re, has now had the new shares in its Blue Capital Global Reinsurance Fund Limited dual-listed on the London and Bermuda stock exchanges.

U.S. primary insurer USAA, the most prolific of catastrophe bond sponsors in the primary insurer category, has launched its 20th cat bond transaction today according to sources. Residential Reinsurance 2013 Ltd. (Series 2013-1) is the 20th entry of a USAA sponsored cat bond in our Deal Directory. In total the previous 19 deals add up to […]

Yesterday the Catastrophe Bond Update: First Quarter 2013 report was published by GC Securities, the capital markets specialist arm of reinsurance broker Guy Carpenter which is involved in many recent catastrophe bond deals as a structurer, arranger or bookrunner. In an article we published yesterday, we largely covered the discussion of the growing influence that […]

German insurer Allianz’s latest catastrophe bond transaction, Blue Danube II Ltd. (Series 2013-1), has now increased in size to $175m and its pricing has been set at the low-end of an already reduced range. This deal is the German insurers eighth visit to the cat bond market since 2007, which makes the insurer among the […]

The Armor Re Ltd. (Series 2013-1) catastrophe bond, which is being marketed on behalf of first-time cat bond sponsor American Coastal Insurance Company, has seen its risk premium drop down to the lower end of an already reduced range when the deal finally priced yesterday, according to our sources. The cat bond also seems to […]

Louisiana Citizens Property Insurance Corporation, the coastal windstorm insurer of last resort in the state of Louisiana, has successfully secured itself a flexible, fully-collateralized layer of reinsurance protection through its second trip to the capital markets as a catastrophe bond sponsor with its Pelican Re Ltd. Series 2013-1 cat bond. The Pelican 2013 cat bond […]

Bermuda based insurance-linked securities and industry loss warranty investment manager Mercury Capital has announced that it is opening up an innovative new ILS investment fund to external investors for the first time. The Mercury iCRIX Tracker Fund is the first index-tracking catastrophe risk investment fund, tracking an index developed by Mercury Capital called the Mercury […]

Connecticut based specialist insurance-linked securities and catastrophe bond focused investment manager Fermat Capital Management, LLC, has signed a three-year licensing agreement to use risk modelling firm EQECAT’s new catastrophe modelling platform, RQE™ (Risk Quantification & Engineering) version 13.