Archive for January, 2014

Ratings agency Moody’s said in a report that it believes health insurer Aetna’s series of Vitality Re medical benefit claims linked ILS or catastrophe bond type transactions provide the insurer with limited risk protection.

Korean Re, currently the 9th largest reinsurance firm in the world, has published a three-stage strategic roadmap with the ultimate goal of becoming one of the top three reinsurers. Unsurprisingly, catastrophe bonds and alternative capital will feature.

Investment management group Schroders has seen significant growth in the assets under management of its catastrophe bond and insurance-linked securities (ILS) fund strategies, as well as a broadening of its investor base in recent months.

Shareholders in the CATCo Reinsurance Opportunities Fund Ltd., a London stock exchange listed retrocessional reinsurance-linked investment fund, have approved the proposal to return value to them through an additional distribution.

Aon Hewitt, the unit of insurance and reinsurance broker Aon which has a focus on retirement products, forecasts that £100 billion of reinsurance capacity will be available to support longevity risk transfer and longevity swaps over the next two years.

A $50.12m series of private catastrophe bond notes has been issued through the Kane SAC Limited Note Program, a platform that global independent insurance manager Kane established to assist private insurance-linked securities (ILS) sponsors.

Health insurance company Aetna has successfully secured $200m of multi-year reinsurance protection with the completion of Vitality Re V Ltd. (Series 2014-1), its latest medical benefit claims ratio linked insurance-linked security (ILS).

Zurich based PERILS AG, the provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has raised its estimate of insured property losses for October’s European windstorm Christian to €1.068 billion.

Here are the ten most popular news articles, week ending 26th January 2014, on catastrophe bonds, reinsurance capital and related risk transfer topics, from the last seven days on Artemis. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

The Cincinnati Insurance Company, a subsidiary of Cincinnati Financial Corporation, has returned to the catastrophe bond market for its second and largest issuance, with a $100m Skyline Re Ltd. (Series 2014-1) arranged by Jardine Lloyd Thompson Capital Markets.