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BNP closes life deal
A US subsidiary of Prudential Financial has closed a $2bn letter of credit deal with a number of banks in the largest life securitisation since the 2008 financial crisis
11 November 2011
Signum on watch over Goldman’s rating
Ratings agency Fitch has placed the Signum 2010 excess mortality securitisation on negative watch in line with its status on the notes' guarantor Goldman Sachs
11 November 2011
CEA plans $300mn January cat bond sequel
The California Earthquake Authority (CEA) plans to add to its Embarcadero Re cat bond issuance programme with a $300mn transaction in January next year
11 November 2011
Nephila leads collateralised charge at CEA
Leading ILS fund manager Nephila has more than tripled its line on the California Earthquake Authority (CEA)'s 2012 reinsurance programme, according to board meeting papers from the authority
11 November 2011
PartnerRe ILS losses creep up
Bermudian reinsurer PartnerRe's ILS losses have reached $54mn for the first nine months of 2011, making up just under 4 percent of its $1.403bn catastrophe loss total for the period
11 November 2011
AlphaCat gears up
The Validus sidecar AlphaCatRe 2011 wrote $18.8mn of gross premiums during the third quarter, taking its total premiums written to $61.4mn since its start-up in June
11 November 2011
Scor recovers EUR300mn on retro
Scor used just a quarter of its retro protection in the first nine months of the year, but still ceded EUR297mn of cat claims to its retrocessionaires during the period
11 November 2011
Greenlight Re sees investment slump
David Einhorn's Greenlight Capital Re reported a $4.5mn net loss for the third quarter, compared to a $29mn net profit for the same period of 2010, as a steep fall in investment income dragged on the results
11 November 2011
Willis sounds caution over private cat bonds
Private cat bond deals are likely to continue, but they do not always save costs for their issuers, broker Willis Capital Markets and Advisory said in a recent report on the ILS market
11 November 2011
Execution traders get charitable
Traders at Execution Noble will hold their tenth annual charity day on 17 November, raising money for local charities in their London home
11 November 2011
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