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Catastrophe bonds and their evolution to address credit risk

2009 has been the year that catastrophe bonds evolved to avoid the credit risk issues of the past caused by reliance on a total return swap counterparty for collateral. After the credit crisis proved that all financial instruments have some degree of correlation to the wider financial markets transactions completed read the full article →

Aon Benfield releases annual review of insurance-linked securities market

The latest annual review of the insurance-linked security and catastrophe bond markets has been published by Aon Benfield. The report ILS Review 2009 - Adapting to an Evolving Market takes a look at activities in the market this year and the latest trends within the sector. The report looks at read the full article →

Catastrophe bonds for the financial banking systems

We've mentioned in the past the potential for catastrophe bonds to be utilised by the banking systems as a way to protect against the failures we've seen due to the global financial meltdown. Now, the International Monetary Fund has published a working paper which suggests exactly that as a possible read the full article →

River Lake IV life insurance notes placed on review due to economic environment

Moody's has placed the notes of Genworths' River Lake Insurance Company IV Ltd. subordinated notes on review direction uncertain. The River Lake IV transaction was initiated by Genworth to provide it with reserve relief under Regulation XXX. While not strictly a life insurance securitisation, the deal was supposed to provide read the full article →

Improvements in cat bond deal structure bode well for market

After all the troubles of the second half of 2008, Lehman Brothers collapse, cat bond downgrades and financial market (initial) meltdown, entities issuing catastrophe bonds seem to have taken heed of investor and rating agency worries. Recent cat bond deals in the first quarter of 2009 have all shown a read the full article →

Geneva Association paper hints at healthy future for insurance-linked securities

Insurance-linked securities, particularly catastrophe bonds, have had a rough time of late thanks to the economic crisis and the collapse of Lehman Brothers. Any positive outlook is a welcome thing in times like these. The Geneva Association are the latest organisation to paint a positive outlook for these capital market read the full article →

Catastrophe bond investment returns in 2008 beat stocks and commodities

Despite 2008 being a year of economic upheaval with the credit crunch biting and fluctuations in prices of almost every asset or commodity you can think of, catastrophe bonds have really not fared too badly. If you look at stock markets and commodities, most are down on the start of read the full article →

Catastrophe bonds out of favour, but still one of the best investments

Bloomberg is carrying another article discussing the current lack of interest in catastrophe bonds from an investment point of view. The current economic climate combined with the collapse of Lehman Brothers has caused a massive drop in investor confidence and reluctance among issuers to launch new deals.A side effect of read the full article →

Catastrophe bonds on hold; pipeline to flow again soon

There's a Reuters story (available here via Insurance Journal) in the press discussing the current slowness in the catastrophe bond market despite the fact that they remain in favour with investors.The story highlights the fact that there are at least $2b worth of bonds in the pipeline some (or all) read the full article →

How the credit crisis is affecting the re/insurance market

At times like these any source of background data and information is welcome to help understanding of the impact of the credit crisis on your markets. With stock markets declining, oil prices falling by the day, businesses folding and consumer confidence waning how will this impact the reinsurance and insurance read the full article →