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Perils puts EUR267mn industry loss on windstorm Andrea
Industry loss aggregator Perils has estimated an initial insured loss of EUR267mn for windstorm Andrea which swept through Western Europe on 4 January.
15 February 2012
Liberty Mutual brings new bond
Liberty Mutual is revisiting the capital markets to renew its cat bond cover through the Mystic Re III offering.
13 February 2012
Montana upgraded after reset
Standard & Poor's has lifted the ratings on Flagstone's Montana Re cat bond back to their initial level after the notes were reset at the start of 2012.
13 February 2012
Nephila hires Aon Benfield exec Parish
Nephila Capital has hired ex-Aon Benfield capital markets executive Chris Parish as a portfolio manager.
10 February 2012
Munich Re brings new Queen Street
Munich Re has brought a new Queen Street cat bond to market with a $75mn US hurricane and European windstorm offering.
10 February 2012
Catco rules out fundraising
Investment manager Catco does not plan on further fundraising into the group's listed investment vehicle Catco Reinsurance Opportunities Fund this year, the company announced in an update today.
10 February 2012
Will capital markets go cold on insurance affair?
The insurance industry is becoming increasingly attractive to short-term capital investors as returns from other sectors dwindle, but insurers shouldn't expect this to last, Kiln CEO Charles Franks says
09 February 2012
Rising prices put brakes on cat bond market: Willis
The cat bond market missed a chance to grow in 2011 as it failed to compete sufficiently on pricing, Willis Capital Markets & Advisory (WCMA) argues in its latest quarterly update on the market.
08 February 2012
RenRe writes $30mn retro premium in new Upsilon sidecar
RenaissanceRe has confirmed that it has launched a new sidecar Upsilon Re, which will target collateralised retrocession business.
08 February 2012
Vega upgraded
Moody's has upgraded a $63.9mn tranche of the Vega Capital 2010 cat bond issued by Swiss Re as the agency said the notes were significantly less likely to trigger a year into the transaction.
08 February 2012
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