Archive for May, 2014

With extreme weather & climate related losses rising fast, as exposures grow, more violent extremes occur and industrialisation of emerging economies continues, investors and regulators are set to place increasing importance on corporate climate risks.

Anticipating further growth in the longevity risk transfer and pension plan de-risking sector, UK insurer Legal & General has added four to its Bulk Annuity & Longevity Insurance business to prepare it for serving clients longevity risk needs.

The Weather Risk Management Association (WRMA), an international trade association dedicated to promoting weather risk management to the industry and end-users, has announced the election of new members to its board.

U.S. primary insurer USAA’s latest and 22nd catastrophe bond issuance, Residential Reinsurance 2014 Ltd. (Series 2014-1), will complete at $130m in size while the deals pricing remained at mid and upper levels for the two tranche’s to be issued.

Japanese insurance group Sompo Japan Nipponkoa’s (SJNK) latest catastrophe bond Aozora Re Ltd. (Series 2014-1) priced at the lowest end of reduced guidance last week, showing investors appetite for this remote risk, JPY denominated bond.

Here are the ten most popular news articles, week ending 25th May 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.

U.S. insurer Allstate’s latest catastrophe bond issue Sanders Re Ltd. (Series 2014-2) has upsized to the top-end of the expected size range, pricing to offer $200m of notes today, sources told Artemis.

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives and largest buyer of catastrophe reinsurance coverage globally, latest catastrophe bond, Nakama Re Ltd. (Series 2014-1) has grown to $300m in size.

Longevity risk transfer pricing and the amount of capacity available in the longevity risk transfer market is being driven by the reinsurance market and its increasing willingness to support longevity swap type deals, according to Aon Hewitt.

The collateralized reinsurance sidecar, as a vehicle for risk transfer backed by investor capital, is expected to proliferate as more reinsurers choose to sponsor sidecars and grow as more capital flows into these entities as the market continues to evolve.