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Hannover’s K6 could bear EUR125mn NZ losses
Hannover Re's $329mn K6 sidecar will cover one-third of the firm's catastrophe-related gross losses from the New Zealand earthquakes, which means it could bear a hit of up to EUR125.5mn.
10 March 2011
Swiss manager to market Fermat-managed fund
Swiss-listed investment manager GAM has launched a new cat bond fund to be managed by leading ILS investor Fermat Capital Management.
09 March 2011
Hannover Re forecasts first non-UK longevity swap
Global reinsurer Hannover Re says it expects the first longevity swap from outside the UK will close in the first half of the year as interest from international pension funds in Denmark, the Netherlands, Canada and South Africa grows.
09 March 2011
S&P may rate life settlements but risks abound
Investors and arrangers are increasingly interested in life settlements investments, ratings agency Standard & Poor's says, adding that it has received several requests to rate securitisations in this sector over the past year.
04 March 2011
Protective’s Golden Gate IV completed
Alabama-based Protective Life Insurance completed a triple-X securitisation deal at the end of 2010 to make it a double act for the firm in 2010 with investment bank UBS.
04 March 2011
Divining the source
Where is capital coming from in the convergence market? Trading Risk has a go at finding the source of funds...
04 March 2011
Solid 2010 returns but no match for 2009
Cat bonds did not perform as strongly last year as in the heady days of 2009, but Swiss Re said the results showed the market had fully recovered from the financial crisis.
04 March 2011
Christchurch 2011 insured losses could top $12bn
International (re)insurers are now facing a loss bill of $12bn as the scale of the devastation in Christchurch, New Zealand became apparent last month.
04 March 2011
On constant red alert
Is the recent spate of costly earthquakes a deadly trend or just coincidence?
04 March 2011
Derivatives news in brief
Weatherbill raises $42mn for expansion; CME asks for time on Dodd-Frank rules; ‘Massive' life settlement fraud case heads to court
04 March 2011
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