Swiss Re Insurance-Linked Fund Management

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How secondary catastrophe bond spreads tightened in 2012

14th February 2013

2012 saw rollercoaster-like conditions for secondary catastrophe bond trading as the market saw ups and downs over the course of what was a very good year for primary cat bond issuance. With primary cat bond issuance high and capital readily available to put to work in new transactions at the start of the year, the […]

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Average expected losses of the cat bond market relatively static in 2012: Lane Financial

18th January 2013

The average expected losses, as measured at deal issuance, of the outstanding catastrophe bond market remained relatively static throughout 2012, according to data from insurance-linked securities consultancy Lane Financial LLC. In its latest quarterly ILS market update report data shows that the average expected loss has risen by just .01 over the course of the year. […]

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Cat bond and ILS spreads are approaching historic lows: Swiss Re

20th December 2012

2012 has been an interesting year as far as transaction pricing and the spreads of outstanding catastrophe bonds and insurance-linked securities have developed. Spreads of new cat bond transactions have been tightening throughout the year and this is a trend that reinsurer Swiss Re said would likely continue into 2013 at their recent insurance-linked securities […]

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Higher catastrophe bond spreads pressure secondary prices

12th April 2012

We’ve written a lot lately about the gradual decline in secondary catastrophe bond prices and the downward pressure on the catastrophe bond price return index, our most recent article on this here. We’ve focused on the higher than normal primary cat bond market issuance volume as the main cause for reduced interest in secondary cat […]

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