The index tracking the price return of the outstanding catastrophe bond market has risen again in the last fortnight and at its fastest rate so far in 2013. After a small dip a week ago, likely caused by the large amount of capital interested in catastrophe bonds and ILS as an asset class, the index […]
Read the full article
SCOR Global Life Reinsurance Ireland plc, an Irish subsidiary of French reinsurer SCOR Global Life SE, has entered into a life reinsurance transaction with a leading Spanish life insurance company, BBVA Seguros. The transaction sees SCOR reinsure a whole block of life reinsurance risks underwritten by BBVA and the deal takes the structure of a […]
Read the full article
Ratings agency Moody’s has upgraded the $50m of Class B catastrophe bond notes issued by Combine Re Ltd. in March 2012 after the deals annual reset. The notes had been downgraded in August 2012 after a number of severe thunderstorm and tornado events qualified under the terms of the cat bond as aggregate losses. The […]
Read the full article
A number of organisations based in, or with interests in, Bermuda have joined forces to promote the continued growth of Bermuda as a centre of excellence for the convergence of the reinsurance and capital markets under the banner of insurance-linked securities (ILS). The new member group is called ILS Bermuda and it aims to bring […]
Read the full article
The market is on its way to New York this week for the annual SIFMA ILS conference, at which Artemis will be in attendance. With the latest cat bond, Caelus Re 2013 Ltd., having upsized and dropped in price it looks like there will be much to discuss. As always, you can read every market news […]
Read the full article
The Life & Longevity Markets Association (LLMA), an association formed to provide a forum for market participants to collaborate on issues related to the transfer of longevity risks, and the Institute and Faculty of Actuaries have teamed up to run a research project looking into basis risk for longevity risk transfer transactions. A call for […]
Read the full article
The Caelus Re 2013 Ltd. catastrophe bond which has been doing the rounds of the ILS investment market for the last week or so has been so well received that its pricing has dropped for the second time, finishing at a coupon level of just 5.25% above the collateral investment yield. This cat bond has […]
Read the full article
The year for investors and fund managers has started in a positive manner, with the average return of insurance-linked security (ILS) and reinsurance-linked investment funds in January achieving 0.68% as measured by the Eurekahedge ILS Advisers Index. For a January this is around average and well up on the average ILS fund return a year earlier […]
Read the full article
At the recent Bank of America Merrill Lynch 2013 Insurance Conference held earlier this month William Babcock, the Chief Financial Office and an Executive Vice President at Bermudian reinsurer PartnerRe, made some interesting comments about the increasing flow of third-party capital into the reinsurance space. His comments reflect the trend being seen for reinsurers to […]
Read the full article
Kalista Global the Bermuda headquartered insurance and reinsurance services firm focusing on the insurance-linked securities (ILS), catastrophe bond, parametric re/insurance and alternative reinsurance sectors, has launched another new product today. Hot on the heels of the launch of an index-based ENSO (El Nino) cover the firm has announced the launch of a range of multi-peril […]
Read the full article
Very interesting news this morning on the Nelson Re Ltd. catastrophe bond, whose fate has been uncertain for well over a year now due to an arbitration claims over whether the Class G tranche of cat bond notes issued by Nelson Re back in 2008 faced a loss of principal or not, ultimately due to […]
Read the full article
Here’s some more evidence which shows the appetite that large independent investment managers have for reinsurance as an asset class right now. F&C Asset Management, a London Stock Exchange listed investment house, has increased its allocation to the Montpelier Re backed Blue Capital Global Reinsurance Fund to now hold just over 15% of the funds […]
Read the full article
As the level of uncertainty surrounding the insurance industry loss from hurricane Sandy reduces, investment managers with exposure to the storm are beginning to resolve the situation around side-pocket investments. As we wrote at the start of February, the DCG Iris ILS fund is making progress on merging C Shares back into its Ordinary share […]
Read the full article
A new report on the U.S. and global insurance and reinsurance market published yesterday by Conning & Company suggests that as the convergence of reinsurance and capital markets continues to play out the trend will bring its own challenges for the industry to deal with. Competition, between traditional and alternative reinsurance players, will likely grow […]
Read the full article
