Catastrophe bond news

The California Earthquake Authority (CEA) are to return to the catastrophe bond market for the third time in a year to sponsor another transaction through the Embarcadero Re Ltd. transformer vehicle. As we wrote back in May, the CEA governing board approved the issuance of further catastrophe bonds through a transformer reinsurance vehicle. At that […]

Ratings agency A.M. Best has revisited the Montana Re Ltd. Series 2009-1 catastrophe bond transaction to assess whether any change to the deals ratings was required. Ratings agencies often do this as cat bonds move closer to maturity and Montana Re is due to mature in December this year. A.M. Best concludes that no ratings […]

It’s been a busy week of news in the ILS, catastrophe bond and reinsurance markets thanks to a number of mid-year reports which have been published. The reports are all positive for further expansion of the capital markets funded risk transfer and reinsurance sectors and observers see continuing interest from major sources of investment capital. […]

In this the latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets we spoke with John Seo, co-founder and managing principal at ILS and catastrophe bond investment specialists Fermat Capital Management LLC. Fermat Capital Management is one of the largest ILS investors around the globe with $3 billion […]

The latest insurance-linked securities market update from reinsurer Swiss Re, which we covered previously here and here, contains some useful data on the make-up of the ILS and catastrophe bond market at mid-year 2012. The report from Swiss Re gives a good overview of the state-of-the-market and how the active issuance seen in the first […]

LGT Insurance-Linked Strategies (ex Clariden Leu ILS team) have held their quarterly managers update today in which they update clients on the state of the insurance-linked securities and associated insurance-linked investments market and their funds performance. It is the first quarterly update the team have presented in their new home at LGT having completed the […]

Reinsurance broker Aon Benfield has published its latest reinsurance market outlook report covering the state of the market at mid-year (our article from earlier today on this report can be found here). The report also includes some commentary on the capital markets side of reinsurance, specifically on the insurance-linked securities and catastrophe bond market. They […]

Reinsurance intermediary Aon Benfield has published its latest reinsurance market outlook report which covers the state of the global reinsurance sector at mid-year and any items of note from the mid-year reinsurance renewal season. The report states that reinsurance capacity, measured by capital, reached its all time high point of $470 billion at the end […]

Zurich, Switzerland based insurance-linked securities investment manager Twelve Capital has bolstered its ILS team with the addition of two new hires. A press release issued today announces the appointment of John Butler as a partner and Dr. Roman Muraviev as an associate, which Twelve Capital says will strengthen its underwriting and modelling capabilities in the […]

When Dexion Capital (Guernsey) recently launched the DCG Iris insurance-linked securities and catastrophe bond fund and listed it on the London stock Exchange (LSE) they were assisted by KPMG in Guernsey and law firm Carey Olsen. The DCG Iris fund was launched as a closed-end investment company by Dexion Capital and the equity wrapped offering […]