Your search for “"Johnston Re Ltd"”

The trend for recent catastrophe bonds to see very attractive terms and pricing continues with North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA), Tar Heel Re Ltd. (Series 2013-1) cat bond. As insurance linked securities (ILS) investors demonstrate once again their strong appetite for […]

The primary issuance catastrophe bond market sprung back to life this week as two new deals began marketing. We now have details on the first to share, a new transaction designed to support the North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA), with a […]

As our readers will be aware there have been some movements in catastrophe bond bid and offer prices both as hurricane Sandy approached the U.S. coastline on Friday and so far this week. Trading was relatively light to begin with, according to various sources, as bid and offers were rarely close enough to find a […]

The potential size of the exposure faced by U.S. residual market property insurers of last resort has risen to new highs as total exposure of these types of insurers nears the $900 billion mark. While these are supposed to be insurers of last resort, the Insurance Information Institute (I.I.I.) says in a recent report that […]

2011 has been a very interesting year for the catastrophe bond and insurance-linked securities market. We’ve seen cat bond defaults as a number of deals became a total loss, uncertainty as issuance stalled after the new RMS risk model was released, continuing financial market turbulence and other disasters which threatened exposed cat bonds. Despite all […]

Hurricane Irene has now left the Bahamas islands behind after striking them with devastating winds and storm surges. The main capital of Nassau escaped the brunt of the storm but other, less inhabited islands such as Abaco, took a near direct hit and will be counting the cost this morning. Historic hurricanes have caused as […]

Hurricane Irene has now intensified into a major Category 3 hurricane with maximum sustained winds of 115mph. The storm is forecast to intensify further as she makes her way through the Bahamas before heading for the U.S. coastline. Where exactly she will hit the U.S. coast, or if she even will, is still uncertain with […]

It’s been apparent for some months that the catastrophe bond market stalled during the second quarter as a result of the impact of the Japanese earthquake and the uncertainty caused by changes to U.S. hurricane risk models. At the start of this year the market was feeling positive about the prospects for growth as the […]

Here’s a useful list of all of the catastrophe bonds we have recorded as issued during the year 2010. Each deal is linked to our catastrophe bond deal directory where you can read more details on the transaction structure and cover provided by each cat bond. By our reckoning there were 26 deals issued about […]

Most U.S. states which are at risk of landfalling hurricanes have state windstorm plans and pools which are designed to be insurers of last resort for people living in high-risk zones where getting any insurance cover is difficult. So as the ultimate backstop for some states how would they fair if a major hurricane hit?