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April 2009/1

  • Texan lawmakers are weighing up a raft of proposed legislation that could overhaul the state’s loss-struck wind pool – triggering an increased reinsurance spend – or even establish
  • Investors in the $33.5mn class G notes of closed sidecar Puma Capital are still vulnerable to losses from Hurricane Ike, despite the vehicle ceasing to write new business in April of last year. The $
  • Nephila-backed weather risk service WeatherBill has launched a screen-based underwriting and trading platform. The WeatherBill White Label platform enables any third party to offer weather coverage t
  • Juniperus Capital Limited (JCL) chief executive Michael Cash has left the Aon Benfield-backed investment firm just nine months after its launch, prompting a management reshuffle. Executive chairman P
  • Nephila-backed weather risk service WeatherBill has launched a screen-based underwriting and trading platform. The WeatherBill White Label platform enables any third party to offer weather coverage t
  • Allianz’s 2008 Blue Coast cat bond has been placed on negative watch due to fears that hurricanes Ike and Gustav will trigger a loss on it. If the bond were to suffer a loss it would be the six
  • The ILS sector is maturing and now offers sufficient breadth and depth – through sidecars, catastrophe bonds, insurance-linked derivatives and other products – to provide real risk transf
  • The latest cat bond to hit the market – Allianz’s upsized $180mn Blue Fin II – has eschewed the traditional total return swap (TRS) structure to invest collateral in notes issued b
  • Bermudian insurance-linked investment manager Pentelia Capital Management has tapped the Japanese investor market to raise $132mn for a new dedicated cat fund – Eolia Diamond Ltd. Pentelia R
  • UK insurance giant Aviva closed a £475mn longevity derivative transaction with a group of investors led by Bermuda-based PartnerRe, in a specially-tailored deal that opened the life insurance market
  • An anticipated $3bn in insurance linked securities (ILS) issuance for 2009 will not provide much-needed net growth to the market, but will only replace capacity from maturing deals, according to indu
  • Dedicated insurance-linked derivatives broker Myrias LLC is developing a screen-based trading platform, aimed at standardising the trading of industry loss warranties (ILW) and cat bonds in the secon