Archive for March, 2014

Hannover Re, one of the world’s leading reinsurance firms, reports its results this morning in which Chairman Ulrich Wallin acknowledges the increasingly fierce competition which was a hallmark of the non-life reinsurance market in 2013.

London-based insurance-linked securities and reinsurance-linked investments manager Securis Investment Partners will open offices in Bermuda and Australia this year as it positions itself for a new phase of growth, the firm told Artemis.

For French reinsurance company SCOR the development of the alternative reinsurance capital sector is to the advantage of its shareholders, while the direct competition for premium income posed by alternative capital is limited, the reinsurer believes.

The Florida legislative season is upon us and moves to enable greater private reinsurance market participation and shrink Florida’s reliance on state backed catastrophe insurance and reinsurance facilities continue to make progress.

The world’s largest reinsurance firm Munich Re said that its latest catastrophe bond transaction, the $100m Queen Street IX Re Limited, was well received by the insurance-linked securities market.

Blue Capital Management, the third-party capital and reinsurance-linked fund management arm of Bermuda based reinsurer Montpelier Re, will complete the latest capital raise for its listed Blue Capital Global Reinsurance Fund on the 26th March.

The East Lane Re VI Ltd. (Series 2014-1) catastrophe bond, sponsored by U.S. primary insurance group Chubb, has now completed at the increased size of $270m with pricing at the low-end of the previously reduced range.

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

The future looks bright for a long-term and deepening relationship between the capital markets and reinsurance, according to comments from PwC, citing strong demand for insurance-linked securities (ILS) as an alternative asset class investment.

The record snowfall which affected Japan during the month of February is expected to be largest insurance industry loss event of the month and led total insured catastrophe losses for the month of February 2014 over $1 billion, according to Impact Forecasting.