Archive for November, 2013

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Storm surge height known 18 hours before landfall, say researchers

An interesting piece of research due to be published soon aims to prove that storm surge height is not directly correlated to hurricane, or storm, wind speeds at the time of landfall, rather it is the intensity and size of the storm 18 hours prior to landfall that matters.Researchers Hal read the full article →

Insurance-linked securities funds see below average October returns

The month of October saw positive returns from the majority of insurance-linked securities funds (ILS) but the average return of the ILS fund market, as measured by the Eurekahedge ILS Advisers Index, was below the historical average.The average insurance-linked security fund saw a return of 0.53% for the month of read the full article →

Alternative reinsurance capacity up by 80% since 2010: Swiss Re

Global reinsurer Swiss Re said today that it believes the amount of alternative reinsurance capital backed capacity in the global reinsurance market has increased by 80% since 2010 and is expected to continue growing, perhaps as fast as demand for catastrophe reinsurance increases.Swiss Re published a new Sigma report today, read the full article →

Catastrophe bond market reaches all-time high with 20% growth: Swiss Re

Global reinsurance firm Swiss Re says that 2013 will be the second strongest for catastrophe bond and insurance-linked securities (ILS) issuance on record, helping the outstanding cat bond market grow by 20% this year to reach an all-time high.Swiss Re executives at a media event held this morning said that read the full article →

Beazley may consider a catastrophe bond at 2014 renewal

Specialist Lloyd's focused insurance and reinsurance firm Beazley has clearly seen the attractive pricing and spread compression in the insurance-linked securities space as its financial director recently told analysts that it would consider issuing a catastrophe bond.Martin Bride, Group Finance Director of Beazley, told analysts on Wednesday that the re/insurer read the full article →

Aon Benfield appoints convergence focused exec to President of U.S. business

Reinsurance broker Aon Benfield continues to place importance on the convergence of the reinsurance and capital markets in its hiring, as it announced the appointment of Kelly Smith as President of its U.S. business.Smith has been with Aon since 1989 and has assisted with the brokers growth into a leading read the full article →

Alternative reinsurance capital; friend or foe? Perhaps compatriot?

Traditional reinsurers are trying to establish the 'modus operandi' of alternative, or third-party, reinsurance capital, as they attempt to work out the optimal response to its growing influence and the increasingly important role it plays in the global reinsurance market.Reinsurers have seen the influx of capital from institutional and capital read the full article →

Cass Business School, Hymans Robertson to work on longevity basis risk

A new research effort will now get underway to investigate and develop a method for assessing the basis risk in longevity risk transactions, after Cass Business School and Hymans Robertson successfully won the bid for the research work.Cass Business School, part of City University in London, UK, and Hymans Robertson, read the full article →

More hedge funds and asset managers to launch reinsurers: EY

According to global assurance, tax, advisory and transactions firm EY (Ernst & Young) more asset managers are likely to launch their own reinsurance firms as they seek to emulate the successful hedge fund reinsurer strategy to leverage reinsurance premiums as a source of capital.Hedge funds have been involved in the read the full article →

Philippines working with World Bank on options for disaster risk transfer

The government of the Philippines is working with the World Bank on its options for disaster risk transfer, as it seeks to find a way to protect itself against the financial impacts that natural catastrophes have on its economy.National Treasurer of the Philippine Government Rosalia de Leon said that talks read the full article →