May 2008/1
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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
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A total of $700mn of life and non-life insurance linked securities (ILS) have been issued to end-April 2008 – a figure which, even with a month to go before the start of the North Atlantic wind
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East Lane Re II US insurer Chubb Group’s $200mn cat bond, East Lane Re II, was over-subscribed, proving that a “strong” proposition can still compel investors despite the recent rel
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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
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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
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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
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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
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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,
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Ratings agency Standard & Poor’s (S&P) is set to revise its cat bond methodology, Trading Risk can reveal. The latest move comes as the ratings agencies’ models come under increasing scru
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Hannover Re CEO Wilhelm Zeller said the reinsurer will look to continue with its multi-year K5 sidecar when it comes up for renewal at year-end. Zeller added that Hannover Re had never been as well p
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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
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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