Cat bond news

The Asian Development Bank (ADB) is supporting the development of a public-private initiative to create the first earthquake insurance pool for the Philippines. The project aims to launch a functioning earthquake insurance involving government, local insurers and the international insurance and reinsurance community by 2015 and the ADB has committed an initial grant of $500,000 […]

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 […]

U.S. health insurer Aetna, which has a number of catastrophe bond like medical benefit linked securitizations providing it with reinsurance protection, has been hit hard by the influenza outbreak in the United States this winter. The U.S. flu outbreak now appears to have peaked, but the higher than normal incidence of flu this season has […]

Here’s an interesting twist in the world of collateralized and capital market backed reinsurance business as the largest investment manager in the ILS sector Nephila Capital becomes active in the Lloyd’s reinsurance market by backing a new syndicate. Announced this morning, the Lloyd’s Franchise Board has granted “in principle” approval for Asta Managing Agency Ltd. […]

A report published last week by the Asian Development Bank (ADB) discusses the need for robust natural disaster risk financing solutions to be employed in the Asia-Pacific region to strengthen its disaster resilience. The report says that natural disaster losses have risen more quickly than Asia-Pacific’s economy has expanded. At the same time insurance penetration […]

It’s time for another of our regular looks at the Swiss Re Cat Bond Performance Indices, to see what they can tell us about pricing and returns in the secondary market for catastrophe bonds and the markets general sentiment. When we last looked a fortnight ago gains for both indices had slowed in the new […]

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 […]

The DCG Iris insurance-linked securities fund, operated by investment manager Dexion Capital, will soon have the 11.025m £1 Sterling C Shares it recently issued converted back into Ordinary Shares, now that it has a much clearer picture of the potential for losses caused by hurricane Sandy. The reason the C Shares were created in the […]

Yesterday, risk modeling firm EQECAT announced the official release of the latest evolution of its catastrophe risk modeling platform. The platform called RQE™ (Risk Quantification & Engineering) version 13 replaces WORLDCATenterprise™ and is the result of a multiple-year development initiative involving collaboration with clients, prospects and the industry. With RQE EQECAT aims to enable better […]

Pillar Capital Holdings Limited, the Bermuda-based ILS and reinsurance-linked investment manager which was formerly known as Juniperus Capital has announced a change to its senior management as it parts ways with its CEO of less than eight months. The insurance asset manager, focused on ILS, catastrophe bonds and collateralized reinsurance said that Chief Executive Officer Chris […]