Archive for February, 2017

The Cincinnati Insurance Companies has significantly increased the size of its catastrophe bond and collateralised reinsurance protection with the successful issuance of a privately placed $180 million Skyline Re Ltd. (Series 2017-1) issuance with the help of Jardine Lloyd Thompson Capital Markets (JLTCM).

Here are the ten most popular news articles, week ending 12th February 2017, 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.

Another private catastrophe bond has been issued through the platform owned by insurance, reinsurance and capital markets broker and advisory Willis Towers Watson, a $63 million Resilience Re Ltd. (Series 1711A) transaction.

A survey of 100 institutional asset allocators reveals that over the next 12 months investors in the insurance-linked securities (ILS) space have desires to increase their exposure to natural catastrophe risks, and reduce their allocation to non-catastrophe risks.

City National Rochdale, LLC’s insurance-linked securities (ILS) and reinsurance linked investment mutual fund is set for launch by the investment advisor. The City National Rochdale Select Strategies Fund expects to invest a significant proportion of its assets in Cartesian’s Iris Re vehicle.

A number of catastrophe losses throughout 2016 have eroded more than half of the deductible of Australian insurer Suncorp’s AUS$300 million (US$229mn) aggregate reinsurance coverage.

The world’s pension funds continued to push more deeply into alternative investments in 2016, as asset classes which offer diversification continue to prove very attractive to a growing sector which now commands a total of $36.4 trillion of investments at year-end 2016.

Global reinsurance giant Swiss Re is planning to launch a new parametric earthquake re/insurance product soon. The new product, dubbed Swiss Re QUAKE, will utilise USGS ShakeMap data to structure triggers that payout rapidly.

We’ve written before about the lengthening tail on the Canterbury New Zealand earthquake loss from 2010/11, as the event demonstrates that quakes are not always a short-tail catastrophe loss. Latest commentary from local insurers suggests this tail continues to lengthen.

The slowdown in growth of third-party or ILS capital in reinsurance is “a healthy response” to the continued pressure faced in the global reinsurance market, according to rating agency A.M. Best.