Catastrophe bonds and insurance-linked securities news

The reinsurance market entered the key January reinsurance renewals period with ample dedicated capital and stable pricing, according to reinsurance broker Guy Carpenter’s January 2013 Reinsurance Renewals report. Price volatility is being seen, but only on loss-affected lines and regions of business. One factor contributing to the healthy capitalisation of the global reinsurance market is […]

At the key 1st January reinsurance renewals the global reinsurance industry capital base remained adequate thanks to an accelerating inflow of new capital, according to Willis Re in their report on the 1/1 renewals. The reinsurance broker said that thanks to inflows of capital and continued demand for catastrophe event risk as an asset class, […]

The volume of catastrophe bonds and insurance-linked securities issued in 2012 and listed in our Deal Directory has been helped over the magic $6 billion mark by a late-comer in the form of the second Compass Re Ltd. cat bond sponsored by American International Group (AIG) (was Chartis) subsidiary National Union Fire Insurance Co. of […]

We hope you all had a good Christmas break and that this last weekly ‘best of’ post of 2012 helps you catch up on any news you may have missed. We’d like to wish you all the best for what looks set to be a busy 2013 for the market! As always, you can read […]

Another catastrophe bond has completed in 2012 and once again it has upsized before the deal closed. Insurance group Zurich’s latest cat bond transaction Lakeside Re III Ltd., the third in the Lakeside series of deals, completed in the last week and upsized by $45m, from the $225m it was initially marketed at, to close […]

Reinsurer Swiss Re has chosen to utilise an early redemption clause to redeem two tranches of mortality catastrophe bond notes issued through its Vita Capital IV Ltd. vehicle. The first tranche is the $75m Vita Capital IV Series 1 notes which were issued in November 2009, the second tranche is the $50m Series II issuance […]

The average return made by insurance-linked securities (ILS) funds, as measured by the Eurekahedge ILS Advisers Index, in November was a very acceptable 0.21% again demonstrating the ability of the market to recover quickly after a catastrophe event of the magnitude of hurricane Sandy. In October the average return across the 29 funds the index […]

We’d like to take this chance to wish our readers, advertisers, sponsors, friends and partners a very Happy Holidays and all the best for a prosperous and successful 2013. We’ll keep you up to date on any breaking news over the festive period. As always, you can read every market news story and article on […]

Alternative reinsurance tools which enable transformation of risk to capital market interests should continue to gain market share, but will likely remain a niche product, within the global reinsurance market, said Swiss Re at their recent insurance-linked securities media event. They acknowledged at the event that the convergence of catastrophe bond and traditional reinsurance pricing […]

The Vega Capital Ltd. Series 2010-1 catastrophe bond transaction which was issued on behalf of sponsoring reinsurer Swiss Re in December 2010 has again been said to have an increasingly positive outlook by ratings agency Moody’s. Back in February Moody’s upgraded the single tranche of Class C notes issued by Vega Capital Ltd. as the […]