Archive for March, 2014

The UK government announced changes to the pension regime which could result in significantly lower amounts of annuities being purchased as well as a reduction in longevity risks at pension schemes and life insurers.

Japanese insurer Tokio Marine Holdings has reported that subsidiary Tokio Marine & Nichido Fire Insurance has incurred more than $310m of losses from recent snowstorms in Japan and that its incurred losses may increase to as much as $535m.

Hamilton Insurance Group, the holding company for Bermudian asset management backed reinsurer Hamilton Re, has promoted Peter Skerlj to the role of Chief Risk Officer, Hamilton Re.

Senior executives from German reinsurer Munich Re, the world’s largest reinsurance firm, discussed the high-levels of competition in the market and alternative reinsurance capital at some length during the firms analyst conference last week.

Ratings agency Standard & Poor’s said that while it anticipates some alternative reinsurance capital being allocated to terrorism risk reinsurance in the future, it expects the role of ILS and alternative capital in terrorism reinsurance to remain a minor one.

Here are the ten most popular news articles, week ending 23rd March 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.

In recent days the lowest yielding earthquake catastrophe bonds in the ILS markets history have priced, with U.S. primary insurer State Farm’s $300m Merna Re V Ltd. U.S. earthquake cat bond offering the lowest coupon ever seen for a pure quake bond.

The Canada Pension Plan Investment Board (CPPIB) has announced that it is acquiring life insurance and reinsurance firm Wilton Re alongside the Wilton Re management team.

Reinsurance broker JLT Towers Re is strengthening its capabilities in the reinsurance and capital markets advisory space with the appointment of Bart Zanelli as head of Advisory North America.

The pricing for shares issued in the latest capital raise for the Blue Capital Management operated, London Stock Exchange listed Blue Capital Global Reinsurance Fund has been set at $1.065 per share, it was announced this morning.