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Ozizmir out in Swiss Re cull
Dan Ozizmir has become the most high profile casualty of Swiss Re’s ongoing overhaul of its insurance linked securities (ILS) operations, Trading Risk can reveal. The head of the reinsurer
17 June 2009
OCIL extends Avalon Re again, confirms no asbestos claims
Oil and gas liability mutual Oil Casualty Insurance Ltd (OCIL)’s 2005 excess liability cat bond Avalon Re has once again extended the maturity date on its Class B and Class C notes to 9 Septemb
17 June 2009
Ozizmir out in Swiss Re cull
Dan Ozizmir has become the most high profile casualty of Swiss Re’s ongoing overhaul of its insurance-linked securities (ILS) operations, Trading Risk can reveal. The head of the reinsurer
17 June 2009
Eurex launches wind futures
Eurex, the leading European derivative exchange and clearing house, is to launch binary US hurricane derivatives on 29 June, complementing current over-the-counter (OTC) trades. The exchange –
17 June 2009
Aon Benfield backs Juniperus over GIS
Global broker Aon Benfield has suspended its fundraising efforts for Aon’s investment management firm Global Insurance Strategies LLC (GIS), as it concentrates on Benfield-backed cat fund manag
17 June 2009
Eurex launches wind futures contracts
Eurex, the leading European derivative exchange and clearing house, is to launch binary US hurricane derivatives on 29 June, complementing current over-the-counter (OTC) trades. The exchange –
15 June 2009
WHO declares swine flu pandemic
The World Health Organization (WHO) has declared a global swine flu pandemic after calling an emergency meeting with its committee of flu experts. A pandemic occurs after isolated animal-human trans
10 June 2009
First time (re)insurance investor launches $100mn ILW start-up
Private equity firm Cartesian Capital Group has created a Bermudian Class 3 insurer – Iris Reinsurance Ltd – expected to offer an estimated $100mn in industry loss warranties (ILW) capaci
03 June 2009
Nephila swims in mainstream with new $35mn mandate
Nephila Capital has secured a new $35mn investment mandate from specialist fund manager AMP Capital Investors, further widening the audience for trading (re)insurance risk in the mainstream capital m
02 June 2009
ACE's Calabash cat bond closes
Swiss Re closed its third cat bond on behalf of ACE American Insurance Co – the $100mn US wind and quake transaction Calabash Re III Ltd – at the start of the US wind season on 1 June. Th
02 June 2009
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