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  • Deutsche Bank and Guy Carpenter have formally closed the innovative cat bond Blue Coast Ltd, which sees Allianz securitise $120mn of US wind exposures in a new structure designed to minimise basis r
  • Pricing for first event US windstorm exposures has been driven up on trading risk platform Insurance Futures Exchange Services (IFEX) as Hurricane Dolly tracks towards landfall later today on the US
  • Dutch insurance giant AEGON has closed a £250mn value in-force (VIF) life insurance securitisation with Barclays Capital that unlocks cash tied up in its primary UK subsidiary, Scottish Equitable.
  • Insurance-linked futures trading platform Insurance Futures Exchange Services (IFEX) will offer Florida and US Gulf Coast-specific contracts from tomorrow, as trader numbers increase. The move is i
  • Trading risk platform Insurance Futures Exchange Services (IFEX) saw $3mn of hurricane futures traded yesterday driving pricing upwards for first event US windstorm exposures. Pricing for the 2008
  • Swiss Re successfully closed its $150mn Vega Capital Ltd collateralised risk obligation (CRO) transaction in June, partly replacing the $839mn of its various Successor bonds, according to sources clo
  • First-time issuers Nationwide Mutual Insurance Co (Caelus Re), HomeWise Insurance Co (Mangrove) and Flagstone Re (Valais Re) transferred $614mn of (re) insurance risk into the capital markets in May
  • Hannover Re’s new dedicated insurance linked securities (ILS) team has closed $133mn Globe Re – choosing an innovative deal as its first since launching in January. Globe consists of a pr
  • A number of maturing cat bonds in June have released capacity for investors, tempering trading in the secondary market during the recent rush of new cat bond issuance. Secondary trading of cat bonds
  • The insurance linked securities (ILS) sector is a rare jewel that stands out from the credit market turmoil, according to market leaders speaking at Trading Risk’s inaugural Executive Briefing