Archive for September, 2013

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Will Canada be next for catastrophe bonds?

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 read the full article →

Resource Re Ltd., first Multi-Strat Re reinsurer, raising capital

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.Capital for Resource Re is being raised through its parent company read the full article →

UK City regulator to speak out on ILS and catastrophe bond risks: FT

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.Update: Details of Julian Adams speech on October 2nd can be found read the full article →

Best of Artemis, week ending 29th September 2013

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 read the full article →

Justin Hull follows Tobben to Aspen Capital Markets

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.Aspen Capital Markets was formed in April of this year, as Aspen joined other insurers and reinsurers seeking to read the full article →

Alternative reinsurance capital poses opportunity and threat to Lloyd’s

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 Lloyd's market announced a profit of £1.38 read the full article →

Strong ILS fund performance in August, but differences in strategy show

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.The Eurekahedge ILS Advisers Index is an equally weighted index which tracks read the full article →

Risk selection and pricing to be key in reinsurance market transition

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.As the influence of the capital markets read the full article →

Neil Strong moves to Securis to head up business development

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.Neil Strong joined the firm in September to take on a newly read the full article →

Recent hurricanes in Mexico show potential for broader cat bond triggers

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.The MultiCat Mexico catastrophe bond provides the government of Mexico's read the full article →