Archive for October, 2014

The average return of the insurance-linked securities (ILS), reinsurance linked investment and pure catastrophe bond fund market reached its highest level of the year in September, at 0.86%, as impact from catastrophes on the asset class remained low.

The Caribbean Development Bank (CDB), a financial institution that assists Caribbean nations in financing social and economic programs within the countries, is financing Haiti’s policies under the Caribbean Catastrophe Risk Insurance Facility again.

PERILS AG, a Swiss-based provider of industry-wide European catastrophe insurance industry loss data and indices, has published its fourth and final industry-wide insured loss estimate for European windstorm Christian, increasing it to €1.144 billion.

Here are the ten most popular news articles, week ending 26th October 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.

Global reinsurance firm Everest Re’s Mt. Logan Re collateralized reinsurance sidecar and the use of instruments such as catastrophe bonds and ILW’s are helping the reinsurer to reduce its cost-of-capital and position itself for growth and profitability.

A new climate risk report produced by Ceres reveals that an alarmingly low level of insurers and reinsurers are moving in positive ways to tackle the increasing threat of climate change risks and that more needs to be done.

Initial model runs suggest that Caribbean Catastrophe Risk Insurance Facility (CCRIF) member countries affected by tropical storm and hurricane Gonzalo will not receive a payout, which also means the World Bank – CCRIF 2014-1 catastrophe bond will be safe.

Amlin plc, the non-life insurance and reinsurance group, has now signed the definitive agreement to increase its existing stake in insurance-linked securities (ILS) and reinsurance-linked investments manager Leadenhall Capital Partners to 75% of the firm.

Global multi-line property casualty insurance and reinsurance firm ACE Limited wants to be at the forefront, taking a leadership role, as the use of capital evolves in the changing reinsurance marketplace, Chairman and CEO Evan Greenberg said yesterday.

German reinsurance firm Hannover Re has used its Bermuda domiciled segregated accounts company Kaith Re Ltd., which acts as a type of collateralized quota share sidecar for the reinsurer, to issue a new $10.37m securitization named LI Re (Series 2014-1).