Archive for April, 2014

One of the trends which Artemis has been writing about and predicting will increase for a while now, is the gradual adoption of more aggressive or active investment strategies by traditional reinsurers who are struggling to meet return targets on reinsurance rate alone.

Italian insurer Assicurazioni Generali S.p.A., one of the world’s largest primary insurers which also has one of the largest reinsurance programs, is pleased with the flexibility and diversification that its first catastrophe bond Lion I Re Limited brings.

In all the excitement surrounding Florida’s Citizens Property Insurance Corporation’s record $1.5 billion catastrophe bond transaction, Everglades Re Ltd. (Series 2014-1), we didn’t cover the entire Citizens reinsurance program placement in detail.

The hedge fund and institutional asset manager Pine River Capital Management is seemingly not having an easy time getting into the reinsurance industry and launching its rumoured Pine River Re, according to recent reports.

Ed Noonan, CEO of Bermuda domiciled insurance, reinsurance and third-party reinsurance capital management group Validus Holdings, believes that there is some evidence of discipline waning among ILS managers operating in Florida.

PERILS AG, the Zurich-based provider of industry-wide European catastrophe insurance exposure, industry loss data and indices, has announced a third and updated loss estimate of €1.091 billion for insured property losses from October’s European windstorm Christian.

Here are the ten most popular news articles, week ending 27th April 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.

During the first-quarter earnings call of U.S. primary insurance group Chubb the insurers CFO Richard Spiro discussed Chubb’s recently completed East Lane Re VI Ltd. catastrophe bond, hailing it as the lowest pricing ever achieved on a U.S. hurricane cat bond.

Till Capital Ltd., the new parent company of Resource Re Ltd. which was the first hedge fund style reinsurance firm to join the Multi-Strat Re Ltd. platform in September 2013, has now listed its shares on the TSX Venture Exchange.

Allied World Assurance Company (AWAC) reports significant value from its close relationship with reinsurance linked investments and insurance linked securities (ILS) manager Aeolus Capital Management Ltd., booking $200m of distributions from Aeolus in Q1.