Cat bond news

TigerRisk Partners LLC, the catastrophe reinsurance broker and risk/capital management advisor, has added insurance-linked securities (ILS) structuring expert Philipp Kusche to its ranks, as Partner and Global Head of ILS and Capital Solutions.

U.S. military mutual insurer USAA is returning to the capital markets for its latest, and 27th securitization of insurance risk, with a $150m, three tranche, Residential Reinsurance 2016 Limited (Series 2016-1) catastrophe bond.

An $85m private catastrophe bond, or cat bond lite, transaction has been issued using the platform owned by broker Willis Towers Watson, with the completion and listing of a Resilience Re Ltd. (Series 1642B) deal.

Here are the ten most popular news articles, week ending 17th April 2016, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

The European Union is set to discuss proposals for banks and possibly other financial firms to be stress tested for their exposure to climate change related risks, such as extreme weather or floods, according to documents seen be Reuters.

The month of March saw limited activity in the secondary trading market for catastrophe bonds, as new issuance of $565m of more broadly marketed cat bonds and a $300m club deal that wasn’t widely marketed, failed to stimulate much demand for portfolio adjustments.

The U.S. NOAA has officially issued a La Niña watch, saying that “conditions were favorable for La Niña to develop within the next six months.” Meanwhile the Colorado State University hurricane forecast team predict an average season, with a 50% probability that the U.S. faces a landfall in 2016.

Harneys, a legal and fiduciary services firm with offices in twelve countries, has added an insurance-linked securities (ILS) and reinsurance experienced lawyer to its Bermuda team, hiring Michael Skribic to its ranks.

The alternative risk transfer techniques adopted by the insurance-linked securities (ILS) market, as well as the depth of capacity that can be provided by the capital markets, are both needed to help to tackle the “Too big to insure” world of cyber risk, according to a study.

2016 Atlantic hurricane season forecasts so far suggest more activity in the Atlantic tropics than seen in recent years and a greater chance of U.S. hurricane landfalls, as the transition to La Niña and warmer sea surface temperatures near the U.S. coast and in the Gulf may influence hurricane activity.