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Glacier Re extends disputed Nelson Re cat bond again
Defunct Swiss reinsurer Glacier Re has once again extended the maturity date on its loss-struck Nelson Re Class G notes while the debate over Hurricane Ike's covered losses continues.
02 March 2012
Horseshoe Group creates Irish operation
Convergence facilitator Horseshoe Group has established an Irish business to complement its existing operations in Bermuda, the Cayman Islands and the US.
02 March 2012
Green joins Guy Carpenter
Guy Carpenter has signed up well-regarded ILS executive Jay Green after his departure from investment bank UBS, Trading Risk can reveal.
01 March 2012
Asian advisers launch new ILS index
Alternative investments researcher Eurekahedge and Hong Kong-based advisory firm ILS Advisers have launched a new index to track returns from hedge funds specialising in ILS, the companies announced today (1 March)
01 March 2012
Swiss Re launches $200mn multi-sponsor bond
Swiss Re Capital Markets is marketing a $200mn cat bond which, for the first time, is seeking US thunderstorm, wind and quake cover for two distinct sponsors in one transaction, according to sources
01 March 2012
Goldman’s working on Florida Citizens cat bond
Florida state-backed insurer Citizens Property Insurance Corporation is looking to buy a $250mn cat bond as part of a purchase of $1bn private reinsurance cover this year, sister publication The Insurance Insider has revealed.
27 February 2012
Liberty Mutual almost doubles indemnity Mystic Re III
Liberty Mutual has closed its latest cat bond Mystic Re III substantially above target at $275mn in its first indemnity deal, Trading Risk understands.
24 February 2012
Lancashire loads Accordion with $75mn for April renewals
London-listed reinsurer Lancashire Holdings has added $75mn of capital to its $250mn Accordion Re retro sidecar in preparation for a "very difficult renewal" for Japanese cedants at 1 April.
23 February 2012
Queen Street V Re closes on target
Munich Re has closed its latest Queen Street cat bond on target at $75mn, Trading Risk understands.
22 February 2012
Chubb drops quake cover for tornado protection
Chubb has dropped earthquake risk from its latest cat bond offer and will instead add tornado risk to the US hurricane cover it is seeking, Trading Risk understands.
22 February 2012
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