French reinsurance firm SCOR has launched a new collateralized reinsurance sidecar vehicle in time for the January renewals. Atlas Reinsurance X Limited launched at the end of 2013 and its $55.5m shares were listed in Ireland.
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SCOR completes Atlas Reinsurance VII catastrophe bond
NewsFrench reinsurer SCOR has completed its latest catastrophe bond, securing approximately $228m of multi-year retrocessional reinsurance cover for itself on a fully collateralised basis. Atlas Reinsurance VII Limited saw SCOR offload certain U.S. hurricane, U.S. earthquake and European windstorm risks to capital market investors on both aggregate and per-occurrence basis’ using industry loss index triggers.
Sandy threatens billion dollar losses, could threaten catastrophe bonds
NewsHurricane Sandy continues to bear down on the U.S. eastern seaboard with forecasters still predicting a convergence of three weather systems that could turn Sandy into a ‘perfect storm’ (or Frankenstorm if you prefer). Sandy is forecast to converge with a low pressure system moving in from the west and cold Arctic air coming from […]
Insurers, reinsurers and catastrophe bonds threatened by hurricane Isaac
NewsHurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]
The catastrophe bond and insurance-linked security transactions issued during 2011
News2011 has been a very interesting year for the catastrophe bond and insurance-linked securities market. We’ve seen cat bond defaults as a number of deals became a total loss, uncertainty as issuance stalled after the new RMS risk model was released, continuing financial market turbulence and other disasters which threatened exposed cat bonds. Despite all […]
Latest Atlas VI cat bond was first under new Irish prospectus review regime
NewsThe recently completed Atlas VI Capital Ltd. 2011 catastrophe bond from SCOR, which secured them a $337m layer of reinsurance cover for certain of their U.S. hurricanes, U.S. earthquakes and European windstorm risks, was a first under the Irish SPV regime. All of SCOR’s Atlas cat bond have been domiciled in Dublin, Ireland but this […]
Best of Artemis, week ending 11th December 2011
NewsAnother week has passed and many new stories have been added to Artemis, here’s your Monday morning chance to catch up on the top news you may have missed. We’ve seen another new catastrophe bond come to market this week, another cat bond upsize while marketing and discussion of the innovation that insurance-linked securities and […]
Best of Artemis, week ending 4th December 2011
NewsAfter another busy week of news in the market here’s your Monday morning chance to catch up. The catastrophe bond market has been busy again this week with new deals completing, other cat bonds still marketing and investors still coming to terms with another loss in the form of Mariah Re 2010-1. If you missed […]
Best of Artemis, week ending 27th November 2011
NewsWe hope our readers in the U.S. had a good Thanksgiving break with their families! In case you missed some of our news stories from the last seven days, here’s your chance to catch up. The catastrophe bond market has been busy with new deals marketing, including an innovative workers comp linked cat bond, and […]
Both catastrophe bond indices rise for first time since Japan earthquake
NewsFor the first time since the Japanese earthquake on the 11th March, which sent the Swiss Re Cat Bond Performance Indices into a dive, both indices have gained at the latest close on Friday. It’s two week since we last reported on the state of the Swiss Re cat bond indices and it’s beginning to […]