Archive for July, 2014

The Texas Windstorm Insurance Association (TWIA) appreciates the diversification that its recently completed first catastrophe bond transaction, Alamo Re Ltd. (Series 2014-1), provides to its risk transfer program.

The World Bank has hailed the successful issuance of the first catastrophe bond notes through its newly created Capital-at-Risk Notes Program, which resulted in the World Bank – CCRIF 2014-1 cat bond we covered last week.

According to the latest report from reinsurance broker Willis Re the June 1 and July 1 mid-year renewals have seen significant reinsurance rate reductions as excess capital continues to chase muted demand, with the competitive market dynamic continuing.

The second-quarter of 2014 will go down in catastrophe bond and insurance-linked security (ILS) market history as the busiest quarter ever, with a stunning $4.634 billion of new cat bond and ILS risk capital recorded in the Artemis Deal Directory.

Sticking to its policy of distributing a minimum of 90% of its distributable income to common shareholders in the form of cash dividends, New York Stock Exchange listed Blue Capital Reinsurance Holdings has announced its second regular dividend.