Archive for June, 2013

The latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets saw us speak with Joe Louwagie, assistant vice president at Property Claim Services® (PCS®), a unit of Verisk Analytics (Nasdaq:VRSK).

Property-catastrophe reinsurance pricing is set to drop even further at the next key set of reinsurance market renewals and the influx of third-party capital into the reinsurance space from investors is one of the key reasons for the fall, according to piece of research from analysts at Macquarie.

According to a report published by Asian Investor, investment bank Société Générale is planning to launch a new capital markets focused longevity risk transfer product similar to an insurance-linked security or catastrophe bond structure. Société Générale is said to be ready to launch the first deal in July and is already lining up investors to […]

Another new catastrophe bond transaction launched yesterday and this time it is a particularly interesting one as the sponsor for this cat bond is Bermuda reinsurer RenaissanceRe. This $125m deal is Mona Lisa Re Ltd. (Series 2013-2) and with this cat bond RenRe is looking to transfer some U.S. hurricane and earthquake risk to capital market […]

Reinsurer Swiss Re has launched another catastrophe bond transaction under the Mythen name we understand. Mythen Re Ltd. (Series 2013-1) is the third deal to carry the Mythen name and the second under the Mythen Re vehicle, so-called because of the reinsurers head-office location on Mythenquai in Zurich. The 2013 deal sees Swiss Re looking for […]

The capital markets and private catastrophe bond specialist arm of professional services firm Towers Watson has announced the completion of its latest privately placed cat bond deal. Towers Watson Capital Markets (TWCM) has successfully placed a third cat bond for a Florida insurer through the Oak Leaf Re special purpose vehicle.

In a research report published on Friday by Credit Suisse, analyst Michael Zaremski noted the increasing pressure that property catastrophe reinsurers are coming under due to the growth of the third-party reinsurance capital and insurance-linked securities market. The report singled out Validus as a firm particularly threatened by this trend.

Two investment managers of reinsurance-linked investment funds have announced that while the recent flooding in Europe could become one of the most expensive insured loss events in the region, they do not expect it to have any impact on the performance of their funds, at this time.

Another new catastrophe bond launched in the last week as others reached pricing, some seeing increases in size and lowering of interest spreads offered. 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 the […]

The Ibis Re II Ltd. (Series 2013-1) catastrophe bond, the fourth cat bond from U.S. specialty insurer Assurant, has increased slightly in size and the price guidance has dropped on two of the tranches of notes that are being offered. Interestingly the pricing on the lowest risk tranche of notes has moved up to the […]