Archive for September, 2013

The remarks made by the head of the top financial services and insurance regulator in Canada, which called for insurers to look to catastrophe bonds as an alternative way to access risk transfer and reinsurance capital, have sparked some speculation on when we’ll see a cat bond covering solely Canadian perils.

Resource Re Ltd., the first reinsurer to join the Multi-Strat Re Ltd. Bermuda based reinsurance venture that seeks to enable asset managers, such as hedge fund managers, to enter the reinsurance market with less friction, is now actively raising capital.

The UK’s city regulator, the Prudential Regulation Authority, is set to speak out about perceived risks created by the influx of alternative capital into the reinsurance market through insurance-linked securities (ILS) and catastrophe bonds, according to the Financial Times.

Here are the top ten articles as viewed by our readers week ending 29th September 2013. 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 ten most popular news articles from the last […]

Justin Hull has, we understand, left Bermudian reinsurer PartnerRe and followed Brian Tobben to join the newly established, third-party capital and insurance-linked securities (ILS) focused division of Aspen Re, Aspen Capital Markets.

The Lloyd’s of London insurance and reinsurance market recognises that the increasing interest being shown by third-party investors in reinsurance as an asset class poses both an opportunity and a threat to the markets future, according to comments in Lloyd’s latest interim results.

The month of August saw insurance-linked security (ILS) funds deliver strong performance, with their best average monthly return so far this year thanks to below average hurricane activity and seasonal spread tightening, according to the Eurekahedge ILS Advisers Index.

As the global reinsurance market transitions from one dominated by companies backed by equity shareholders to a new capital mix, with alternative capital sourced from third-parties a growing component of global reinsurance capacity, diligence in the selection of risks and pricing will be key.

Securis Investment Partners, the London-based insurance-linked securities and reinsurance-linked investments manager, has hired Neil Strong, previously from Execution Re, as Head of Business Development, its latest hire as it seeks to build out a best in class ILS manager.

When Mexico was hit by two hurricanes recently, the resulting damage was extensive but largely caused by rainfall, flooding and landslides rather than hurricane force winds, which meant that the countries catastrophe bond, MultiCat Mexico Ltd. (Series 2012-1), was not troubled.