Cat bond news

The Lakeside Re III Ltd. catastrophe bond which completed in December brought benefits to sponsoring insurance group Zurich beyond purely transferring risk to the capital markets. The $270m U.S. and Canada earthquake cat bond provides Zurich with a multi-year source of collateralized reinsurance indemnification on an annual aggregate basis. It is Zurich’s third cat bond in […]

Investment manager Dexion Capital’s has published the first half-yearly report for its insurance-linked security (ILS) fund offering DCG Iris Ltd. The report which looks at the period from launch in June 2012 to the end of November, provides an overview of the funds progress and reveals that over that period the fund returned 1.88%. The […]

It’s two weeks since we last looked 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 indices have continued to make gains although the upwards trajectory has slowed significantly. When we last looked the indices were […]

Yet another third-party capital reinsurance vehicle has launched and this along with news of solar weather risks and the sale of Goldman Sachs reinsurance operations were popular stories in the last week. As always, you can read every market news story and article on the Artemis news blog, subscribe to our weekly email newsletter update […]

The average expected losses, as measured at deal issuance, of the outstanding catastrophe bond market remained relatively static throughout 2012, according to data from insurance-linked securities consultancy Lane Financial LLC. In its latest quarterly ILS market update report data shows that the average expected loss has risen by just .01 over the course of the year. […]

Once again the demand for a new insurance-linked securities transaction has been significantly above the volume of notes being issued enabling the price to be pushed down to well below the range it was initially marketed at. Aetna’s latest Vitality Re IV Ltd. (Series 2013-1) medical benefit linked securitization saw a great deal of demand […]

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 […]

Swiss based investment manager Twelve Capital, which operates a number of funds and investment opportunities in insurance-linked securities, catastrophe bonds, private ILS, reinsurance-linked contracts and subordinated insurance bonds, has published an update today disclosing that it now manages over $1 billion of insurance-linked assets. Twelve experienced impressive growth during 2012 and doubled its workforce to […]

Both the primary and secondary catastrophe bond markets were subdued in December as the markets participants continued to assess the fall-out and industry losses that hurricane Sandy had caused. Many insurers and reinsurers had been forced to put their planning and purchasing of U.S. hurricane reinsurance and retrocession on hold and this is thought to […]

The catastrophe bond and insurance-linked security market delivered investors the third highest annual return of the last decade, according to date from ILS, cat bond and reinsurance consultancy Lane Financial LLC. In a report published recently which looks at statistics from the cat bond market in the fourth quarter of 2012, data shows that 2012 ranked […]