Catastrophe bonds and insurance-linked securities news

The ILS and catastrophe bond market are sitting out the remainder of the U.S. hurricane season, hoping for another diversifying deal to come to market. Appetite remains strong and there are market rumours that a deal could launch within the next fortnight. As always, you can read every market news story and article on the […]

Bermuda continues to promote itself as the island destination for the catastrophe bond and insurance-linked securities market. With its role as one of the major reinsurance hubs of the world, a modern stock exchange in the BSX and attractive regulatory and re/insurer formation regimes, the island is perfectly suited as a centre for ILS. The […]

Last month the secondary catastrophe bond market slowed down, with trading volumes dropping considerably from the relatively active August according to market participants. The slowdown has a lot to do with seasonality, having just passed the peak of the hurricane season, and with no real impact from any storms, cat bond investors and traders are […]

September is one of the peak months of the U.S. hurricane season and so catastrophe bond issuance activity is typically slow and secondary market cat bond trading is often driven by the threat of any tropical storms approaching the U.S. coastline. This results in climbing secondary market prices, particularly in cat bonds with U.S. hurricane […]

The investor landscape within the insurance-linked securities and catastrophe bond market has changed over the relatively short period that the market has been in operation. These days it’s the dedicated ILS and cat bond specialist investment managers and their funds which dominate the space, accounting for almost 60% of investor capacity now, compared to as […]

Greenlight Re is considered one of, if not the, originator of the hedge fund supported reinsurer model. This model see’s a hedge fund set up a reinsurance vehicle in order to put the resulting premium income to work within their hedge fund investment strategies. Through this strategy they aim to profit both from attractive reinsurance […]

At the end of 2011 we wrote about the private catastrophe bond transaction which saw Swiss based ILS investment firm Solidum Partners AG underwrite $52.5m of the California Earthquake Authority’s reinsurance programme for 2012 on a fully collateralized basis. They then transformed this through a special purpose vehicle called Solidum Re Eiger IC Limited, fronting […]

After the heavy catastrophe loss toll of 2011, which saw a number of catastrophe bonds impacted by natural catastrophe events around the globe, and the impact of a change to a risk model which was core to the cat bond market, the success of 2012 (to date) in the cat bond and insurance-linked securities market […]

Lane Financial LLC, a consulting firm and broker-dealer focused on the insurance-linked security, catastrophe bond and associated sectors or reinsurance, published their latest quarterly ILS market report yesterday. As always, the report contains a deep statistical view of the outstanding ILS and cat bond market using their own proprietary Lane Financial Insurance Return Index which […]

We like to bring you interesting data points about the catastrophe bond and insurance-linked security market here on Artemis. Today we have a really interesting chart showing the correlation of ILS returns with the S&P500 from the latest quarterly ILS market report published yesterday by Lane Financial LLC, a consulting firm and broker-dealer focused on […]