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IFEX signs Kusay for marketing drive
Andreas Kusay - ex-Manulife executive and mooted head of proposed $100mn+ collateralised retro vehicle Equinox - has joined cat futures trading platform IFEX as a consultant to promote its event-linked futures (ELFs).
11 February 2010
ILW prices fall 40% for 2010 renewals
The price of US wind industry loss warranty (ILW) instruments has fallen by up to 40 percent year-on-year for the 1/1 renewal season, with average rates on line (RoL) reducing around 25 percent over the prior year across all perils.
11 February 2010
US battered by storms
A powerful winter storm produced heavy snow and strong winds across the US Eastern Seaboard on 5 and 6 February, prompting states of emergency in Washington DC, Maryland and Virginia.
11 February 2010
More public-private insurance schemes after Haiti; Swiss Re
Swiss Re has called for more public-private transactions after a devastating earthquake in Haiti last month caused billions of dollars in economic losses.
11 February 2010
European (re)insurers require 70% more capital for Solvency II
European (re)insurers face an average 70 percent increase in solvency capital requirements (SCR) from changes to implementation measures for the European regulatory standard proposed over the past six months.
11 February 2010
RMS launches parametric US quake index
Risk Management Solutions (RMS) has officially launched its third natural catastrophe index under the Paradex banner - Paradex US Earthquake (PUSEQ).
11 February 2010
Hannover Re renews $329mn K6
Hannover Re has expanded its K6 sidecar vehicle by $152mn, to offer $329mn of total capacity for the German reinsurer's catastrophe retro business in 2010.
11 February 2010
WRMA opens up to ILS
The Weather Risk Management Association (WRMA) has broadened its membership criteria to include companies active in cat bonds, ILS and industry loss warranties.
11 February 2010
Crystal Credit on review
Ratings agency Moody's Investors Service has put EUR189mn of Swiss Re's Crystal Credit securitisation on review for further downgrade as losses mount.
11 February 2010
Fitch affirms Atlanticlux life notes
Fitch has confirmed the expected BBB- rating on EUR38.9mn of Value In Force life notes issued by Atlanticlux-sponsored special purpose vehicle (SPV) Ganeesha ISA.
11 February 2010
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