Catastrophe bonds and insurance-linked securities news

The last seven days saw some interesting news, with an ILS fund manager backing a syndicate at Lloyd’s, an intriguing reinsurance transaction from Berkshire Hathaway and comments showing re/insurers commitment to the third-party capital space. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly […]

The Asian Development Bank (ADB) is supporting the development of a public-private initiative to create the first earthquake insurance pool for the Philippines. The project aims to launch a functioning earthquake insurance involving government, local insurers and the international insurance and reinsurance community by 2015 and the ADB has committed an initial grant of $500,000 […]

According to an article published on Dow Jones, and available here via the Wall Street Journal, the market for longevity risk transfer through the issuance of bonds or securitization may be about to come out of hibernation. The article says that two longevity bonds are currently being marketed to investors by banks in recent weeks […]

The year 2012 saw the highest level of indemnity trigger based catastrophe bond issuance on record, with more than 50% of all cat bond volume issued exposed to the indemnity losses of the sponsoring insurer or reinsurer, according to data from Swiss Re’s latest insurance-linked securities market report. The report suggests that this shows that […]

A cross party group of members of the U.S. Congress have introduced a piece of legislation aimed at achieving the renewal of the U.S. government’s terrorism insurance backstop until the end of 2019. The Terrorism Risk Insurance Act is slated to expire at the end of 2014 and there is now a sense of urgency […]

U.S. health insurer Aetna, which has a number of catastrophe bond like medical benefit linked securitizations providing it with reinsurance protection, has been hit hard by the influenza outbreak in the United States this winter. The U.S. flu outbreak now appears to have peaked, but the higher than normal incidence of flu this season has […]

A report published last week by the Asian Development Bank (ADB) discusses the need for robust natural disaster risk financing solutions to be employed in the Asia-Pacific region to strengthen its disaster resilience. The report says that natural disaster losses have risen more quickly than Asia-Pacific’s economy has expanded. At the same time insurance penetration […]

It’s time for another of our regular looks at the Swiss Re Cat Bond Performance Indices, to see what they can tell us about pricing and returns in the secondary market for catastrophe bonds and the markets general sentiment. When we last looked a fortnight ago gains for both indices had slowed in the new […]

The primary catastrophe bond issuance market remains quiet, which is a little unusual for the time of year, but private cat bond Skyline Re has closed, upsized and achieved attractive pricing. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update and […]

The latest report on the 2012 catastrophe bond and insurance-linked securities market arrived with us this morning from Willis Capital Markets & Advisory (WCMA), the division of global insurance broker Willis which deals with cat bond structures and capital market risk transfer products. The report says that while 2012 was a great year for primary […]