Your search for “crystal credit”

Standard & Poor’s have today lowered their rating on Crystal Credit, a securitization transaction structured similarly to a catastrophe bond. Crystal Credit was issued by Swiss Re in 2006 to provide themselves with indemnity against losses on their credit reinsurance portfolio. S&P now say the notes will likely be triggered due to increasing claims and […]

Despite being untested in the face of a major loss event and their relatively short existence, catastrophe bonds have a strong history of paying claims and the payment timeline is actually similar to that of traditional reinsurers, according to Standard & Poor’s (S&P).

It’s been a busy first week of 2012 for us and the market news has begun to flow already. Here’s your Monday morning chance to catch up on the top news you may have missed over the last seven days. During the last week we’ve published a number of articles which offer a look back […]

There is a clear and ongoing ‘flight to quality’ where ILS funds are concerned, according to Dirk Lohmann, Chairman and Flavio Matter, Head of Origination, ILS, at Schroders Capital.

Lloyd’s has developed a new parametric insurance policy for the hotel industry with a trigger that does not require a named peril to have occurred, rather paying out based on a decline in revenues being recorded.

Reinsurance firms are on the edge of profitability, with combined ratios rising and an expectation that even an average year of catastrophe losses could tip some companies over the edge, as market pressures continue to bite.

The insurance-linked securities (ILS) sector and the use of capital market capacity within Asian insurance and reinsurance is set to increase steadily, according to speakers and attendees at last week’s inaugural Artemis ILS Asia 2016 conference in Singapore.

In future some well-capitalised reinsurance firms may find it more attractive to grow their business through increasing intakes of capital from third-party ILS investors rather than by growing their equity investor base, says a report from Credit Suisse analysts.