Hannover Re marketing Eurus III Ltd. European windstorm catastrophe bond

Catastrophe bond market participants will be pleased to see a new cat bond deal come to market during these typically lean summer months when primary issuance slows down. The new cat bond transaction, which is the 21st deal of the year according to our Deal Directory, is being issued through read the full article →

European catastrophe bond market could grow due to economic climate

We covered two interesting insights from Aon Benfield's recently published ILS Second Quarter Update 2011 report last week when we wrote about the Aon Benfield ILS indices and the heightened interest in catastrophe bonds among Japanese insurers. A third insight from the report looks at the cat bond market in read the full article →

Calypso Capital Ltd. European windstorm catastrophe bond being marketed for AXA

Hot on the heels of the completion of the recent Green Valley catastrophe bond another cat bond transaction designed to cover windstorm risks in Europe has begun marketing to investors. This €150m Calypso Capital Ltd. issuance is being arranged by GC Securities and Swiss Re Capital Markets on behalf of read the full article →

Second Green Valley Ltd. catastrophe bond to be issued

Swiss Re are bringing to market a second catastrophe bond under the Green Valley Ltd. Cayman Islands domiciled special purpose vehicle on behalf of French insurer Groupama. The transaction which comprises €100m of insurance-linked securities is expected to be completed within the next two weeks. Green Valley Ltd. issued its first read the full article →

PERILS transaction volume now at $525m

PERILS AG seem to be experiencing very positive growth of transactions utilising their industry loss indices. They last reported the volume of transactions using their index at $250m for the first six months of 2010. Judging by their latest announcement they are successfully building on that momentum and their products read the full article →

PERILS updates windstorm Xynthia loss estimate

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has announced that its loss estimates for European windstorm Xynthia have risen in its latest update on loss development for the storm. This is PERILS third loss estimate for the windstorm event which took place in February 2010. The read the full article →

AIR Worldwide updates European wind risk model

AIR Worldwide have announced a major update to their European wind risk model. This is particularly relevant (and good timing) as we are nearing the season for European windstorms and the insurance-linked security market expects a number of European windstorm cat bonds before the end of the year. AIR Worldwide says read the full article →

Windstorm Xynthia hammers France; no initial impact to catastrophe bonds expected

Windstorm Xynthia tracked across northern France and into Germany on Saturday 27th and Sunday 28th February. Wind speeds recorded reached as much as 30 meters per second and a tidal surge (which coincided with spring tides) impacted the French Atlantic coast causing major damage and flooding. 50 people have been read the full article →

Hannover Re successfully closes Eurus II cat bond

Catastrophe bond issuance for 2009 now stands at $1.8b thanks to the latest deal to successfully close, Eurus II. Hannover Re has issued this €150m cat bond to protect itself from European windstorms, covering Belgium, Denmark, Germany, France, United Kingdom, Ireland and the Netherlands. Eurus II is a renewal of read the full article →

Details on the Eurus II catastrophe bond and repurchase agreement

Further details have come to light, via the Standard & Poor's rating announcement, about Hannover Re's Eurus II cat bond and it's novel repurchase agreement collateral set up. The deal is being arranged by BNP Paribas and Aon Benfield Securities with AIR Worldwide providing risk modelling services and acting as read the full article →