Archive for December, 2014

German reinsurance company Hannover Re has again used its Bermuda-domiciled segregated accounts vehicle Kaith Re Ltd. to issue a CHF 70m ($71m) private insurance-linked security or catastrophe bond transaction using a segregated account named Leine Re.

Investors in the MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond notes will not face any loss due to September’s hurricane Odile as calculation made using the latest data from the NHC deems the parametric trigger had not been triggered.

Here are the ten most popular news articles, week ending 28th December 2014, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing  subscribe to the weekly Artemis email newsletter updates.

Catastrophe bonds now contribute more than 20% of the California Earthquake Authority’s risk transfer and reinsurance coverage and there will likely be more to come as the organisation looks to leverage its transformers again in 2015.

AQR Re, the Bermuda based third-party capital and insurance-linked securities (ILS) focused reinsurance underwriter and affiliate of global investment-management firm AQR Capital Management, has added a new underwriter hire in Chris Conway.

This year, 2014, is set to end with the highest annual insurance-linked securities (ILS) and catastrophe bond issuance total at $8.718 billion. That put’s the outstanding cat bond and ILS market at a new milestone, a record size of $25 billion.

Traditional insurance and reinsurance firms should expect an increasing amount of competition for longevity risks and longevity reinsurance transactions from capital markets participants, according to rating agency A.M. Best in a report on pension risk transfers.

Rating agency Moody’s says that the recent embedded value life securitisation deal completed by U.S. life reinsurer, Reinsurance Group of America Inc. (RGA) is credit negative, as it effectively discounts the future profits that could have been made from the closed-book.

Insurance and reinsurance linked investment manager Blue Capital Management, a subsidiary of Bermudian reinsurer Montpelier Re, has merged its insurance manager and investment manager entities into a single company.

FWU Group subsidiary and Luxembourg based life insurance company Atlanticlux has completed its proposed Anima Re value in force (ViF) life insurance linked securitisation deal through a private placement, foregoing the need for the deal to be rated.