Archive for March, 2014

The Caribbean Catastrophe Risk Insurance Facility (CCRIF), which was the world’s first multi-country catastrophe risk pooling mechanism, is seeking to expand to include Latin American countries and has approached the World Bank for support.

During the firms recent earnings call, executives of global specialty insurance and reinsurance provider Lancashire Holdings discussed the firms Kinesis Capital Management third-party reinsurance capital unit and why it is different.

U.S. primary insurance group Chubb’s sixth catastrophe bond transaction, East Lane Re VI Ltd. (Series 2014-1), looks set to increase in size to somewhere between the original $225m and $270m, while the price guidance has been lowered.

Insurance-linked securities (ILS) and pure catastrophe bond funds saw an average return of 0.35% in January 2014, below average for that month, according to the latest data from the Eurekahedge ILS Advisers Index.

Argo Re Ltd., the Bermuda reinsurance arm of international specialty insurance and reinsurance firm Argo Group, is joining forces with specialist insurance-linked securities service firm Horseshoe Group to offer ILS fronting services to the market.

Amlin plc, the non-life insurance and reinsurance group, intends to continue developing synergies between itself and insurance-linked securities (ILS) and reinsurance-linked investments manager Leadenhall Capital Partners LLP, in which it holds a stake.

First time catastrophe bond sponsor American Strategic Insurance Group is set to enjoy the attractive cat bond issuance and rate environment as its Gator Re Ltd. cat bond upsizes to $200m while price guidance was lowered to below the initial range.

Tokio Marine & Nichido Fire’s latest catastrophe bond transaction, Kizuna Re II Ltd. has been upsized to $245m before finally pricing at the lowest end of the already reduced range.

Here are the ten most popular news articles, week ending 2nd 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.

Today saw the publication of one of the most interesting shareholder letters of the year, high-profile investor Warren Buffett’s letter to shareholders in his diversified investments, insurance and reinsurance firm Berkshire Hathaway.