Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

News & Analysis Results

Catastrophe bond maturities continue apace in June

News 10th June 2011

The rate of catastrophe bond maturities has picked up with five transactions maturing in the last few days and another two due to mature before the end of the month. With close to $2.4 billion of cat bonds due to mature by the end of this quarter there is plenty of excess capital which is […]

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AIR Worldwide models risks for $10b of catastrophe bonds

News 6th April 2009

AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued […]

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Willow Re downgraded again; will default on interest payment

News 2nd February 2009

It’s become apparent that Allstate‘s Willow Re catastrophe bond has been downgraded again by Standard & Poor’s due to a notice from Allstate that it is going to default on it’s scheduled interest payment. The rating on Willow Re Ltd.’s Class B 2007-1 series notes has been downgraded to ‘D’ from ‘CC’. An interest payment […]

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Lehman Brothers related cat bonds downgraded by S&P

News 30th September 2008

Standard & Poor’s have now downgraded all four of the catastrophe bonds which used Lehman Brothers Special Financing as the total return swap counterparty. The issuers of the bonds have terminated their swaps and are exploring their options and the lack of a counterparty is the reason for the following actions. ‘Ajax Re Ltd.’s class […]

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The catastrophe bonds AIR Worldwide provided risk modeling for

News 27th September 2008

AIR Worldwide released a press shot this week announcing that so far this year they have provided risk modeling and analytical services for $2b worth of catastrophe bonds. The press release doesn’t (unfortunately) detail all the deals that have contributed to this number so I thought I’d provide a list of the ones we know […]

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Lehman Brothers related catastrophe bonds on credit watch

News 17th September 2008

The other major catastrophe to hit the news in the past week is the demise of Lehman Brothers. As a result of the investment bank collapsing, Standard & Poor’s have downgraded four cat bonds which Lehman Brothers subsidiary Lehman Brothers Special Financing acted as swap counterparty on. The bonds in question are: – Ajax Re […]

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Hurricane Ike round up

News 17th September 2008

I’ve been away for a weeks leave so apologies for the blog going quiet. Hopefully you will have managed to keep up to date through the Artemis news page which is constantly updated as news hits the wires. I’m playing catch-up on the happenings in the past week and of course the major story as […]

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