Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

Best of Artemis, week ending 17th February 2013


The issuance market for catastrophe bonds continues to be quiet but, as we understand it, we hope to see some action before the end of the month as a number of deals are currently being firmed up prior to marketing. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter updates and for your convenience here are the ten most popular news articles from the last seven days on Artemis.

Top ten most viewed articles on, week ending 17th February 2013:

  1. As Citizens offloads $30 billion of exposure is Everglades Re cat bond less risky?
    Florida’s Citizens Property Insurance, the property insurer of last resort in the sunshine state, has been on a mission to reduce its exposures to ensure its claims paying ability is retained. Now it has completed the first transaction which sees it offload some of its coastal account exposure to another insurer.
  2. The death of the total return swap in the cat bond market is almost upon us
    Collateral arrangements in catastrophe bond deals, not a subject we touch on particularly often, but something worth revisiting now that the long forecast death of the total return swap as collateral solution is almost upon us.
  3. CATCo grows share of global retrocessional reinsurance sector in 2012
    CATCo Investment Management’s new Chairman Nigel Barton comments that CATCo has become one of the largest providers of retrocessional reinsurance capacity in the industry
  4. Is the longevity risk securitization market about to take off?
    According to an article published on Dow Jones the market for longevity risk transfer through the issuance of bonds or securitization may be about to come out of hibernation.
  5. Cincinnati Financial reveal details of trigger points for Skyline Re cat bond
    To date we had not written about the specific attachment, or trigger, points for the cover provided by the recent Skyline Re private cat bond, but these have now been revealed by Cincinnati Financial.
  6. Lack of new cat bonds makes secondary trading opportunities elusive in January
    Lower than expected issuance levels of new catastrophe bonds and insurance-linked securities so far this year has made secondary cat bond trading opportunities elusive, according to one ILS fund manager.
  7. Travelers to address Long Point II increased attachment point in next cat bond
    U.S. insurer Travelers 2009 catastrophe bond issuance Longpoint Re II Ltd. was one of the transactions which saw changes to its risk profile when it was remodelled using the latest version of the RMS hurricane risk model (V. 11) at its annual reset. Now Travelers says that it might seek to address this in its next issuance.
  8. Workers compensation could be a candidate for catastrophe bonds: A.M. Best
    Rating agency A.M. Best agree with our position that the market needs to find ways to expand outside of the perils it is currently dominated by if it is to achieve significant growth.
  9. Petra Haven Capital ties up with third-party institutional marketing firm
    Start-up insurance-linked securities and reinsurance-linked investment hedge fund Petra Haven Capital LLC have partnered with a third-party institutional investment marketing firm to help it broaden its reach as it raises capital.
  10. Lloyd’s must embrace new and alternative forms of capital, says Amlin CEO
    The Lloyd’s of London insurance and reinsurance market must look to embrace new and alternative forms of capital which are showing an interest in the reinsurance sector as an investment opportunity, suggested chief executive of Amlin Charles Philipps.

This is by no means all of our articles from the last week, just the most popular among our readers. To ensure you always stay up to date with Artemis subscribe to our weekly email newsletter update.

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