May 2008/1

Outstanding non-life insurance linked securities (ILS) limits could reach $70- 100bn within the next 10 years, according to senior market commentators. In a lively discussion on the future of the non

UK (re)insurer Brit Insurance is the latest firm to sign up to trade insurance linked derivatives on the Insurance Futures Exchange Services (IFEX) platform. IFEX, part of Neil Eckert-founded Climate

Global insurance broker Marsh has launched a parametric insurance product based on risk modelling firm Risk Management Solutions’ (RMS) WindX parametric index. The product, called WindX-SI, can

Ratings agency AM Best is extending its insurance linked securities (ILS) rating methodology to include assessment of the basis risk carried by industry loss arranties (ILWs). In a statement, the fir

At current pricing levels, it would take a $30-50bn ground-up property loss to reverse the slide in traditional property cat reinsurance rates, according to Aon Re Global. The broker forecast rate-on

Benfield Group's corporate finance arm Benfield Advisory has developed a new parametric reinsurance product, aimed at transferring workers’ compensation catastrophe (WCC) coverage to reinsurers

Ratings agency Moody’s upgraded the $750mn of notes in life (re)insurer Genworth Financial’s River Lake III XXX securitisation in April, just 10 days after downgrading them. The $250mn of

Swiss Re Global Market’s environmental and commodity markets division has entered into an emissions reduction purchase agreement with Hebei Construction Investment New Energy Co Ltd. Through th

The ILS sector is echoing the traditional (re)insurance market with both rates and terms/conditions coming under pressure, recent research has concluded. The insurance linked securities (ILS) sector,

The pioneering ILS Avalon Re was struck by a rash of downgrades following news that a third energy loss could hit the cat bond. Following notifications of claims arising from a New York steam pipe ex

State Farm’s 2007 landmark catastrophe bond, Merna Re, is coming under pricing pressure in the secondary market, as investors seek to sell large chunks of the investment grade notes, according

Convergence pioneer Swiss Re has launched a new $150mn sidecar vehicle, Sector Re II, to write a quota share retrocession of the group’s global natural catastrophe and aviation catastrophe port