Archive for November, 2013

As Bermuda headquartered insurance and reinsurance group Hiscox continues to grow its use of third-party reinsurance capital and insurance-linked securities it is planning to launch a number of collateralised reinsurance funds in 2014.

Here are the top ten articles as viewed by our readers week ending 3rd November 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 […]

Another of reinsurer Munich Re’s catastrophe bond transactions has been adversely affected by the uncertainty over the U.S. debt ceiling. Queen Street II Capital Ltd. has suffered a loss of principal in the collateral account due to a decline in its per-unit mark-to-market value.

First Mutual Transportation Assurance Co. (FMTAC), the New York State-licensed captive insurer subsidiary of the New York Metropolitan Transportation Authority (MTA), is seeking support in connection with potential future catastrophe bond transactions it may sponsor.

An updated survey of insurance and reinsurance executives who attended the Property Casualty Insurers Association of America (PCI) Annual Meeting recently shows that acceptance of alternative reinsurance capital sources and solutions has increased in the last year.

Bart Hedges, CEO of Greenlight Capital Re, the Cayman Islands reinsurance firm backed by hedge fund manager David Einhorn, said that there is room for catastrophe reinsurance pricing to drop further, as the floor on natural catastrophe pricing has not yet been reached.