Archive for May, 2013

Research firm Clear Path Analysis kindly asked Artemis’ editor Steve Evans to moderate a round-table discussion for its most recent report, Insurance-Linked Securities for Institutional Investors 2013. The report which we covered in more detail here looks at the insurance-linked securities, catastrophe bonds and collateralized reinsurance sectors and discusses how the market has evolved.

Reinsurance broker Guy Carpenter’s capital markets and insurance-linked securities specialist arm GC Securities has published an update on the catastrophe bond market at the end of Q1 2013. The report discusses the growing acceptance of catastrophe bonds and catastrophe risk in general as an investment among capital markets and institutional investors and says that the […]

According to market sources, 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 the coupon price guidance reduced and has now reached $183m in size due to investor commitments. The deal began as a $125m cat bond, but with […]

Bermuda based hedge fund backed reinsurer Third Point Re, has hit the news in recent days as speculation mounts about a forthcoming initial public offering (IPO). The reinsurer, backed by Dan Loeb’s Third Point LLC hedge fund, institutional investors and contributions from partners such as insurer Hiscox, intends to IPO to raise additional funds according […]

Another catastrophe bond has increased in size while being marketed and has also seen its price guidance reduced, following the trend of larger and more keenly priced cat bonds that has been the feature of the 2013 cat bond market so far. The Long Point Re III Ltd. (Series 2013-1) deal is U.S. insurer Travelers […]

U.S. primary insurer Allstate’s latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has now completed and the first risk period has begun. With Sanders Re 2013 Allstate has secured itself a new $350m layer of capital market backed fully-collateralized reinsurance protection for covered U.S. hurricanes and earthquakes, including fire following, on an industry loss […]

The secondary catastrophe bond market has begun to see some pressure exerted on certain outstanding cat bond price returns in the last couple of weeks as an element of seasonality returned to the market and the strong primary issuance also took some focus off secondary prices. Cat bond price returns had been rising strongly, helped […]

An announcement this morning from Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, suggests that it may not be too much longer before we see a catastrophe bond featuring Italian earthquake risk. The catastrophe insurance data provider has extended its coverage to Italy and in a first […]

Bermuda headquartered insurance, reinsurance, insurance-linked securities and third-party reinsurance capital management group Validus Holdings recently announced its first-quarter earnings and announced the net income contribution from its AlphaCat ILS operations as $17.4m for the quarter. On its earnings call third-party capital was discussed by the groups CEO Ed Noonan, who said he felt that with […]

It’s been another busy week in the alternative reinsurance capital, risk transfer and insurance-linked securities market, with 24 new stories published on Artemis in the last seven days. 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 […]