Archive for August, 2013

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PCS suggest expanding reinsurance capital markets with wildfire

Expanding the remit of the reinsurance and capital markets convergence arena seems to be high on the list of priorities for Property Claim Services (PCS) at the moment. The latest area of expansion it believes it can help to facilitate is transferring wildfire risks to capital market investors.PCS, a division of Verisk read the full article →

Personal parametric weather insurance trialled in Caribbean supported by CCRIF

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is broadening its reach with its first venture into personal insurance products and is supporting trials of a parametric personal weather insurance product designed to pay out to Caribbean residents after a natural disaster strikes.The CCRIF and its partners have teamed up to read the full article →

Reinsurance outlook stable, despite influence of alternative capital: Fitch

Fitch Ratings said yesterday that it is keeping its outlook for the global reinsurance sector as stable and expects to affirm the majority of its sector ratings in 2014. This despite a market impacted by falling prices across property catastrophe risks and increasing competition from alternative reinsurance capital.Fitch said that read the full article →

Alternative capital a disruptive force in reinsurance: Goldman Sachs

In a recent report, Goldman Sachs highlights alternative capital in reinsurance as one of eight disruptive themes in business today which it believes has the potential to reshape its sector and command an increasing level of attention from investors over years to come.Goldman Sachs discusses eight innovations in the report, read the full article →

Further details on SCOR’s Atlas IX Capital mortality cat bond

Additional details are now available on the first mortality-linked catastrophe bond of the year. Last week we covered the launch of Atlas IX Capital Limited (Series 2013-1) an extreme mortality insurance-linked security sponsored by French reinsurer SCOR to provide it with retrocessional reinsurance protection.Now ratings agency Standard & Poor's has published read the full article →

Blue Capital Global Reinsurance Fund grows net asset value by 2.7% in first-half

The third-party capital and reinsurance-linked fund management arm of Bermuda based reinsurer Montpelier Re, Blue Capital Management, has published a half yearly report for its flagship listed catastrophe reinsurance linked investment fund, the Blue Capital Global Reinsurance Fund Limited.The Blue Capital Global Reinsurance Fund, having launched and been admitted for trading read the full article →

ILS Fund Services Ltd. exceeds $1 billion of client assets administered

ILS Fund Services Ltd., (ILS) a Bermuda licensed specialist in hedge fund administration and valuation services for insurance-linked securities (ILS) funds, has recently exceeded $1 billion of client insurance-linked assets under its administration just 18 months after its launch.“We are delighted that the services ILS are providing funds that invest read the full article →

ILS fund performance in July shows value of private transactions

In July insurance-linked securities (ILS) fund returns were depressed by spread tightening across much of the outstanding catastrophe bond market. The result was the lowest average return of ILS funds for the month of July since the Eurekahedge ILS Advisers Index began recording ILS fund performance.The Eurekahedge ILS Advisers Index read the full article →

German hailstorms cause up to $2 billion insured losses: AIR

Severe weather in Germany is again impacting insurers and reinsurers in 2013, as two severe hailstorm events in the country look set to create up to $2 billion of losses for insurers. Hail once again proves itself as a major cause of losses for the insurance and reinsurance industry.These two read the full article →

Spread tightening lifts secondary catastrophe bond indices

Spread tightening on catastrophe bonds exposed to U.S. wind risk has lifted the secondary cat bond market indices in recent weeks. Now deep in the middle of the Atlantic hurricane season, typical seasonality has returned to secondary cat bond prices and values have increased on hurricane exposed bonds.Throughout 2013 we've read the full article →