Archive for November, 2013

Insurance-linked securities and catastrophe bond issuance in 2013 is on course for a record, after a bumper third-quarter saw solid deal-flow, as long as the fourth-quarter see’s issuance at levels similar to recent years, according to Willis Capital Markets & Advisory.

Blue Capital Reinsurance Holdings, the third-party capital financed collateralized reinsurer being IPO’d as a New York Stock Exchange listed subsidiary of Bermuda-based reinsurer Montpelier Re, has announced the pricing of shares for its initial public offering.

Lancashire Holdings, the global specialty insurance, reinsurance and third-party reinsurance capital management firm, continues to pursue its mission of building out a best in class platform featuring multiple balance sheets utilising multiple types of capital.

As reinsurance industry executives meet in Singapore this week for the 12th International Reinsurance Conference, a report published by reinsurance broker Guy Carpenter shows that both supply and demand for catastrophe reinsurance in the Asia Pacific region are at a high.

At Bermudian reinsurance firm Montpelier Re the impact of third-party reinsurance capital and alternative structures, such as catastrophe bonds and ILS, creates opportunities on both sides of the market, according to comments from senior executives.

German reinsurance company Hannover Re said in its third-quarter results this morning that it expects the competitive climate in non-life reinsurance, largely property catastrophe business, is likely to be sustained as we move into 2014.

The recent completion of the Galileo Re Ltd. catastrophe bond, which saw demand from investors boost its size by 71% while at the same time pushing down pricing , shows the insurance-linked securities (ILS) markets continued appetite for catastrophe risk, according to Willis Capital Markets & Advisory (WCMA).

As it attempts to kick-start a liquid market in longevity risk, Deutsche Bank is set to perform the first trade of a new longevity risk transfer instrument, which it calls the Longevity Experience Option (LEO), by the end of this year according to a report.

Reinsurance brokerage Willis Re has published a Europe-wide estimate of the insured losses resulting from last weeks European windstorm Christian. Willis Re estimates that the insurance industry will face losses of between €800m and €1.3 billion from the storm.

Blue Capital Reinsurance Holdings, the third-party capital backed collateralized reinsurance firm being launched as a subsidiary of Bermuda-based reinsurer Montpelier Re, has set out its policy for the first dividend to be paid to investors as it moves towards its IPO.