Archive for October, 2015

For the first time since the launch of its fully collateralised reinsurance sidecar Mt. Logan Re Ltd. in late 2013, reinsurer Everest Re has not increased the third-party capital managed within the vehicle in the last quarter.

Lottoland Group, a fast-growing Gibraltar licensed online lottery provider, says that its €100m lottery winning risk collateralised reinsurance transaction provides it with the security to be able to expand its products on a business to business basis.

New York based Stone Ridge Asset Management, the beta, alternative risk and reinsurance focused mutual fund manager, has added a new Head of Legal as it continues to build out its team to support a growing asset base.

Global reinsurance broker Guy Carpenter has estimated that, based on preliminary data, insurance industry losses from U.S. wildfire activity in 2015 are likely to reach and may even exceed $1.75 billion.

Greenlight Re, the Cayman Islands domiciled investment oriented reinsurance firm backed by hedge fund manager David Einhorn’s Greenlight Capital, Inc., suffered a $219.7m net loss for the third-quarter as investment volatility hit the firm.

Early estimates of insurance and reinsurance industry losses due to hurricane Patricia are in a range of up to $500m, with the eventual total expected to be significantly lower than had initially been expected when Patricia became one of the strongest recorded hurricanes.

Bermuda-headquartered insurance-linked securities (ILS) management, servicing, transformation and fronting specialists Horseshoe Group, has launched a new platform which targets asset managers seeking to establish hedge fund investment oriented reinsurers more simply.

Here are the ten most popular news articles, week ending 25th October 2015, 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.

The $100m tranche of MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond notes look almost certain to face a loss from the impact of hurricane Patricia yesterday, but the question now, due to the parametric triggers conditions, is how much.

The catastrophe bond market seems to be on the verge of accepting that the $100m of MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond notes are destined for a loss, given hurricane Patricia’s continued approach as a major storm towards the parametric trigger zone.