Archive for July, 2013

Private equity firm Stone Point Capital LLC has shown its continuing appetite for investing in firms linked to the reinsurance market by supporting a number of purchases made by Enstar Group, the Bermuda based insurance, reinsurance and run-off specialist. Stone Point is supporting Enstar’s acquisitions of Torus Insurance Holdings, Atrium Underwriting Group and Arden Reinsurance […]

Of the catastrophe bonds issued in the first-half of this year, just over $1.6 billion of risk capital issued is based on a trigger which utilises data from Property Claims Services (PCS). PCS, the leading source of data on insured property losses from catastrophes in the U.S., is involved in the trigger of 7 transactions […]

The first-half of this year has seen natural catastrophe insured losses dominated by flooding, with around 47% of total economic losses and 45% of insured losses resulting from flooding events in Europe, Canada, Asia and Australia, according to data from the world’s largest reinsurer Munich Re.

At the recent July 1st renewals, reinsurance market pricing continued to be influenced by the influx of third-party reinsurance capital which has poured into the market from institutional and capital market investors, said Guy Carpenter in a report released today. Without significant catastrophe losses through the rest of the year, the pressure on reinsurance rates […]

The largest U.S. based privately owned reinsurance brokerage, Holborn Corporation, has taken a stake in an investment banking firm which specialises in advising the insurance and reinsurance sectors. Holborn has made an equity investment in Stonybrook Capital LLC, gaining its first presence in the growing investment banking sector of reinsurance.

Reinsurance firm Swiss Re is considering allowing third-party capital sources to enter its Admin Re unit in some form, according to comments made at the reinsurers recent investor day. The reinsurer would consider allowing third-party capital providers to participate in a transaction to buy new blocks of life business.

The third named tropical storm of the 2013 Atlantic hurricane season has formed in the Atlantic ocean and is heading west-northwestward towards the Caribbean Lesser Antilles. Tropical storm Chantal currently carries maximum sustained winds of 40mph, is expected to intensify and track through the Caribbean islands towards the U.S. mainland.

Global reinsurance firm Swiss Re has published an estimate of its own losses from the recent central and eastern European flooding events and provided an estimate of the insured loss total for the industry as well. Swiss Re estimates its own losses to be approximately $300m, net of retrocession and before taxation.

We hope our U.S. readers enjoyed their holiday at the end of last week, here’s a Monday catchup for those who have missed recent coverage. 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 speed of decline in insurance-linked security and catastrophe bond rates slowed somewhat during the second quarter of 2013, according to the latest quarterly market report from ILS, cat bond and reinsurance consultancy Lane Financial LLC. ILS rates, as measure by Lane Financial, dropped approximately 3.6% during Q2 2013.