Your search for “"Successor X Ltd"”

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 […]

Some of the latest pricing indications for secondary catastrophe bonds show that investors have real concerns that the final industry loss total from hurricane Sandy could be sufficiently high to trigger the Successor X Ltd. (Series 2011-3) Class V-F4 notes. The Successor notes are the last cat bond which is considered seriously at risk of […]

The second estimate of hurricane Sandy insured losses has been released by Property Claims Services (PCS) this week. The first estimate of $11 billion which PCS reported in November has been increased by 70% to a new total of $18.75 billion. This number is very close to the total of reported loss estimates from insurers […]

In its latest quarterly report on the catastrophe bond and insurance-linked securities market reinsurance broker Aon Benfield takes a look at some of the cat bonds which were marked down due to hurricane Sandy. A selection of cat bonds faced greater mark-to-market losses than the rest due to the higher potential for loss. Despite mark-to-market […]

The catastrophe bond and insurance-linked security primary market had an active year in 2012, with total issuance over the course of the year helping 2012 become the second highest volume of issuance recorded in a single year. Cat bonds and ILS in 2012 saw both repeat issuers and sponsors return to the market, as well […]

The impact of hurricane Sandy on the northeast U.S. and the expected insurance industry losses, currently estimated at $7 billion to $20 billion is a credit negative event for the Combine Re Ltd. (Series 2012-1) catastrophe bond, according to rating agency Moody’s. The current estimated range of insurance industry losses would see Sandy qualify as an […]

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 […]

It transpires that the losses caused by hurricane Isaac have had an impact on an outstanding catastrophe bond. According to rating agency Moody’s, losses from Isaac have qualified under the terms of the Combine Re Ltd. (Series 2012-1) cat bond transaction. While these losses are insufficient to cause direct principal losses, they will further erode the […]

Hurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]

The first quarter of 2012 saw record catastrophe bond and insurance-linked security issuance with the total volume of cat bonds and ILS issued hitting $1.493 billion at the end of March. This beat last year’s record Q1 issuance of $1.015 billion by $478m as both regular sponsors and some new issuers pushed the volume of […]