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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 […]

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 […]

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 […]

As is to be expected after a natural catastrophe event with the size and reach of hurricane and post-tropical storm Sandy, the estimates of insurance industry losses keep rising. This is typical of a complex, never seen in recent times, catastrophe event. For a great example of how loss estimates can creep under these circumstances […]

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 […]

Hurricane Sandy continues to bear down on the U.S. eastern seaboard with forecasters still predicting a convergence of three weather systems that could turn Sandy into a ‘perfect storm’ (or Frankenstorm if you prefer). Sandy is forecast to converge with a low pressure system moving in from the west and cold Arctic air coming from […]

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 […]

It’s Monday morning again and here’s our post-Olympic catch-up of the most read articles during the last seven days. Many of you have been on vacation in recent weeks so we have left you a simple way to go back and find any important news you may have missed. Visit this page where you can […]

Aon Benfield Securities recently published Q2 insurance-linked securities and catastrophe bond market report included an interview with Elaine Caprio Brady, Vice President and Manager of Ceded Reinsurance at Liberty Mutual Insurance. The interview discusses Liberty Mutual’s use of the insurance-linked securities market as they issued their most recent catastrophe bond, Mystic Re III Ltd. (Series […]