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The shape of catastrophe bond price seasonality

One of the issues we discuss regularly on Artemis is the fluctuation in secondary market outstanding catastrophe bond pricing over the course of the year and how seasonal weather patterns, such as the U.S. hurricane season, impact pricing. As with any secondary market, there are effects that change pricing across read the full article →

Slower secondary market signals capital waiting for new catastrophe bonds

Last month the secondary catastrophe bond market slowed down, with trading volumes dropping considerably from the relatively active August according to market participants. The slowdown has a lot to do with seasonality, having just passed the peak of the hurricane season, and with no real impact from any storms, cat read the full article →

September saw slower secondary cat bond trading but substantial interest: LGT

September is one of the peak months of the U.S. hurricane season and so catastrophe bond issuance activity is typically slow and secondary market cat bond trading is often driven by the threat of any tropical storms approaching the U.S. coastline. This results in climbing secondary market prices, particularly in read the full article →

Robust demand for outstanding catastrophe bonds in August

Catastrophe bond market issuance is typically slow during the peak months of the U.S. hurricane season and 2012 has been no different. August saw no cat bonds complete during the month and just the one, Eurus III Ltd., which began marketing but completes this week. When primary issuance of cat read the full article →

Major reinsurers hope for light to moderate reinsurance rate increases in January

This week see's the global reinsurance industry meet up in Monte Carlo in the south of France for the annual Rendez-vous de September event. At this key industry meeting, executives from the world's largest reinsurers and brokers meet with each other and with some clients to discuss industry trends and read the full article →

Secondary market catastrophe bond prices rise more slowly in July

July saw activity in the secondary market for catastrophe bonds and insurance-linked securities slow down somewhat compared to the prior few months which had seen heightened activity and strong, if somewhat unseasonal price rises. The pattern displayed by price return indices of outstanding catastrophe bonds became much more stable, exhibiting read the full article →

Rising secondary catastrophe bond prices help Plenum to highest monthly return

The recent unseasonal trend for rising outstanding catastrophe bond prices in the secondary market, when it is more typical for them to be falling at this time of year, has helped Swiss insurance-linked securities investment manager Plenum Investments achieve their best monthly return ever. June saw Plenum's USD denominated ILS read the full article →

Hurricane catastrophe bonds reverse typical seasonal price declines in May

The month of May has seen a reversal of the typical seasonal price declines that are seen in U.S. hurricane exposed catastrophe bonds during the first half of the year. These hurricane cat bonds experience seasonal declines in price as thoughts turn to the U.S. hurricane season which is approaching. read the full article →

Catastrophe bond pricing becoming decoupled from reinsurance market pricing

Catastrophe bonds are having a great year so far with issuance hitting record levels in the first quarter and extremely healthy in Q2, details on all the cat bond deals to come to market can be found in our Deal Directory. The wider financial press has been complementary about this read the full article →

Reinsurance price increases influencing new catastrophe bond prices

Many reinsurers have been reporting price increases in their catastrophe renewal business for 2012 particularly in regions which have been affected by the high insured losses of 2011. According to Zurich based Plenum Investments, an investment manager with a focus on insurance-linked securities, the strong demand for catastrophe reinsurance has read the full article →