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2011 catastrophe bond and insurance-linked security issuance by peril

Reinsurer Swiss Re published some interesting data insights into the catastrophe bond and insurance-linked security market in their recent ILS market update, which we covered in more detail here. One of the interesting graphs in the report shows the mix of perils that were issued in ILS or cat bond read the full article →

Catastrophe bonds a useful source of diversification for investors

Catastrophe bonds and insurance-linked securities seem to be in the news at least once a week with respect to their use as a diversifier for investment portfolios. A fortnight ago we wrote about the Australian investment advisor Ibbotson who suggested that insurance-linked securities were an 'investment asset to withstand recession'. read the full article →

SCOR officially announces Atropos insurance-linked securities fund

French reinsurer SCOR has officially announced the launch of their Atropos insurance-linked securities fund today. We've written about Atropos previously, you can find our earlier articles about this new ILS fund here, the fund actually launched on the 31st August and has since been marketed to investors but SCOR have today read the full article →

Demand for diversifying perils causes significant spread tightening on recent catastrophe bonds

Diversification is becoming a regular theme of many of our articles as investors seek our ways to keep a good mix of perils in their insurance-linked securities portfolios. The catastrophe bond market recently found itself to consist of 71% U.S. hurricane risks, add to that the slow primary issuance and read the full article →

Two competing forces acting on catastrophe bond secondary market prices

The risk of an above average U.S. hurricane season and the abundance of investor capital waiting to be put to work are two competing forces which are currently acting on secondary market prices of catastrophe bonds according to investment manager Clariden Leu in their latest monthly managers report. The first of read the full article →

Investors keen for catastrophe bonds due to light supply

Despite the heavy loss activity of the first half of 2011 and the particularly low issuance levels during Q2, investors are still keen to invest in catastrophe bonds say Willis Capital Markets & Advisory (WCMA) in their latest Insurance-Linked Securities (ILS) Market Update which was published yesterday. This sentiment is in read the full article →

Insurance-linked securities investors hold their positions in June

As the primary catastrophe bond market slowed in June, with only a single cat bond transaction being issued  by Loma Re Ltd., the secondary market continued to be calm and saw insurance-linked securities investors holding onto their positions in response to the lack of new investment opportunities. Plenum Investments, the Zurich read the full article →

Investors receptive to diversification opportunities in insurance-linked securities

Reinsurance broker Willis Re have also published a report looking at the state of the market at the 1st July renewals. In the Willis Re 1st View Renewals Report they suggest that reinsurers are repositioning themselves for a possible market turn after the heavy losses suffered in the past 16 read the full article →

Catastrophe bond market shrinks further, becomes U.S. hurricane top heavy

It's been apparent for some months that the catastrophe bond market stalled during the second quarter as a result of the impact of the Japanese earthquake and the uncertainty caused by changes to U.S. hurricane risk models. At the start of this year the market was feeling positive about the read the full article →

Demand for diversifying perils from insurance-linked securities investors higher than supply

Plenum Investments, the Zurich based investment manager with a focus on alternatives such as insurance-linked securities and catastrophe bonds, notes in its May monthly fund performance update that both the primary and secondary ILS markets were relatively calm in May as investors held their positions. Due to the slower than normal read the full article →