Archive for February, 2014

The world’s biggest reinsurance firm Munich Re is sponsoring Queen Street IX Re Limited, the second catastrophe bond the reinsurer has pitched to capital market investors which includes the diversifying peril of Australian cyclone risk.

The date has been set for a 2014 event to promote Bermuda’s economic development as a centre of excellence for activities in the reinsurance convergence and insurance-linked securities (ILS) market by the ILS Bermuda committee.

Discussion on the topic of alternative reinsurance capital providers and insurance-linked securities managers level of discipline has been rife in recent months, but they are more disciplined than you think according to XL Group CEO Michael McGavick.

Catlin, a global specialty property casualty insurance and reinsurance firm with a strong base at the Lloyd’s market in London, has launched a new collateralized reinsurance sidecar type vehicle, funded by third-parties, for the 2014 underwriting year.

Global insurance and reinsurance firm Aspen now manages $100m of assets within third-party reinsurance capital vehicles at its alternative capital management and insurance-linked securities (ILS) focused unit Aspen Capital Markets.

Reinsurance linked assets under management at Bermuda short-tail and speciality reinsurance firm Montpelier Re’s third-party capital management unit, Blue Capital Management Ltd., have reached $600m, according to its CEO.

Here are the ten most popular news articles, week ending 9th February 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.

Weather forecasters are warning that the UK could be facing its most severe European windstorm in decades over the next 24 hours, as a low pressure system named windstorm Ruth, dubbed Charlie by some of the UK media, intensifies as it approaches.

Nephila Capital, the insurance-linked securities and reinsurance-linked investment markets largest asset manager, passed $10 billion of assets under management at the end of 2013, according to KKR & Co. L.P. (Kohlberg Kravis Roberts) executives.

Cincinnati Financial Corporation, parent of Cincinnati Insurance Company the ceding insurer and sponsor of the recent Skyline Re Ltd. (Series 2014-1) catastrophe bond, has discussed the expanded reinsurance coverage its second cat bond provides.