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  • Longevity swap structurers are not paying enough attention to the risk of swap deals outlasting their participants, says RBS managing director and head of insurance solutions Eugene Dimitriou.
  • Buyers of industry loss warranty (ILW) instruments are seeking more risky exposure to European wind to provide balance to the low-risk new ILS issuance that has hit the market in recent months.
  • Swaps on pension agenda; Hannover Life sees busy mortality pipeline ahead; Fermat's life research; Life note ratings; LLMA publishes standard documentation
  • Hedge fund Fortress Investment Group is in exclusive talks to buy a $6.2bn life settlements portfolio from Belgian bank KBC, according to reports.
  • A new Bermuda-based longevity insurance provider plans to start writing business from December after signing up several reinsurers to back its offering on a quota share basis.
  • Clariden Leu re-opens fund; Top Layer Re stable; Tomas triggers CCRIF payout
  • European catastrophe loss aggregator Perils has released loss estimates for a one-in-200-year European windstorm event to help (re)insurers prepare for the impact of Solvency II regulations.
  • Ratings agency Moody's has downgraded ratings on the upper tranches of Crystal Credit bonds on the back of rising aggregate loss provisions from sponsor Swiss Re.
  • Hedge fund Blue Mountains is understood to be involved in the launch of the $500mn Bermudian reinsurance and retro start-up Flex Re.
  • Outstanding European wind bonds are becoming increasingly sought after on the secondary market, sources say, after investors snapped up recent new issues.