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Opinions differ on ILS secondary market trading activity in H1 2017

The record-breaking volume of catastrophe bond and insurance-linked securities (ILS) issuance in the first-half of 2017 has driven differing opinions on the trading activity in the secondary marketplace, according to recent ILS reports from Aon Securities and Swiss Re Capital Markets.The ILS and capital markets arm of reinsurance giant Swiss read the full article →

New cat bond issuance continues to stimulate secondary trades in May 2017

The record high levels of new catastrophe bond issuance seen in May 2017 has once again helped to stimulate activity in the secondary trading market, as ILS fund managers and investors looked to balance their portfolios and also deal with higher levels of maturities during the month.May 2017 has become read the full article →

Secondary cat bond trading activity picks up again in April 2017

The continued high level of issuance in the primary catastrophe bond market in April 2017 continued to drive an increased level of trading activity in the secondary market, as investors and ILS funds looked to swap in and out of positions as they managed new issuance allocations and the flow read the full article →

Secondary cat bond market activity declines on brisk issuance: Aon

Trading activity in the secondary market for catastrophe bonds has declined in the first-quarter of 2017, compared to the prior year, as primary cat bond issuance accelerated to a new record and investors focused their efforts on new deals, according to Aon Securities.Aon’s analysis suggests that cat bond investor focus read the full article →

Higher primary cat bond issuance drives secondary trading in March 2017

Secondary trading activity of catastrophe bonds accelerated in March 2017, as the primary issuance market and pipeline of new deals picked up and investors and ILS fund managers used the marketplace to adjust portfolios and accommodate new deals.After February 2017 saw demand pushing secondary cat bond trading activity higher, March read the full article →

Demand pushes secondary cat bond prices higher in February 2017

The excess demand for investments in catastrophe bonds has begun taking its toll on the secondary market in 2017 already, beginning to push prices higher as issuance in the primary market fails to keep up with demand.Despite the fact the cat bond market is heading for a new first-quarter issuance read the full article →

Fairly active secondary market in Jan 2017, demand overhang remains

The secondary market for trading in insurance-linked securities (ILS) and catastrophe bonds got off to a relatively active start in January 2017, but appetite remains strong and the demand overhang persists, according to market participants.Secondary cat bond market liquidity has been picking up in recent years, as the number of read the full article →

Aon foresees robust primary & secondary cat bond market in 2017

Insurance-linked securities (ILS) and catastrophe bond investors will be able to take advantage of a robust primary and secondary market in 2017, driven by the expectation of an active start to the year, says Aon Securities.In a recent report Aon Securities, the capital markets reinsurance broker, dealer, arranger unit of read the full article →

Very active December secondary cat bond trading closes out 2016

The secondary trading market for catastrophe bonds was particularly active in December 2016, with almost double the amount of bond titles trading during the month compared to the prior month, as ILS funds and investors balanced portfolios in advance of the reinsurance renewal.The year saw an increase in liquidity in read the full article →

Short-dated cat bonds lead November 2016 secondary trading

It's that time of year when the secondary trading market for catastrophe bonds tends to see volumes rise in short-dated names, as insurance-linked securities (ILS) fund managers and investors look to offload cat bonds that are maturing soon to free up capital for reinvestment.According to FINRA's Trade Reporting and Compliance read the full article →