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  • Hannover Re has finally closed its $200mn sidecar, Kepler Re, three months ahead of its scheduled maturity, after shelving the renewal of the vehicle earlier this year due to market conditions. Hanno
  • (Re)insurance broker Willis Group has developed a parametric index for offshore Gulf of Mexico (GOM) energy exposures, which it hopes will help halt the shrinking of the pool of capacity for the peri
  • Liberty Mutual has completed its third Mystic Re series cat bond – a $225mn US wind and quake transaction – taking 2009 insurance-linked securities (ILS) issuance to $575mn. The size of t
  • Contingent capital, pre-event bond issuance and private reinsurance products are emerging as the favoured solutions for funding the Florida Hurricane Catastrophe Fund’s (FHCF) potential $21bn c
  • The Class A notes of Ajax Re – Aspen Insurance’s $100mn 2007 earthquake cat bond – have been placed on CreditWatch negative by ratings agency Standard & Poor’s (S&P), as it aw
  • US insurer Chubb completed its $150mn East Lane Re III Florida wind indemnity cat bond earlier this month, demonstrating that the insurance-linked securities (ILS) market is open once again. Goldman
  • US insurer Chubb has completed its $150mn East Lane Re III  Florida wind indemnity cat bond, demonstrating that the insurance linked securities (ILS) market is fully open once again.   Goldman Sachs
  • Liberty Mutual has increased the size of its new US wind and quake cat bond Mystic Re II 2009 to $225mn - from the original $200mn - in light of strong investor interest in the transaction.   Pricing
  • Moody’s Investors Service has put $67.5mn of the notes on Glacier Re’s $180mn Nelson Re cat bond on review for a possible downgrade after the (re)insurer significantly upped its Hurricane
  • With Mystic Re II 2009-1 – which will provide Liberty Mutual with three year cover for US hurricane and earthquake exposures – the insurer has resumed its partnership with Goldman Sachs a