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Swiss Re closes $150mn Vega CRO
Swiss Re successfully closed its $150mn Vega Capital Ltd collateralised risk obligation (CRO) transaction in June, partly replacing the $839mn of its various Successor bonds, according to sources clo
06 July 2008
World Bank embraces weather derivatives
The World Bank is moving ahead with plans to use the weather derivative market as part of a comprehensive strategy to reduce the impact of drought in developing countries. The Bank will intermediate
06 July 2008
S&P Ballantyne Re action
Rating agency Standard & Poor’s (S&P) has lowered its senior debt rating on the Class A-1 notes of beleaugured Scottish Re’s Ballantyne Re life securitisation. S&P lowered the XXX reserve
06 July 2008
Juniperus blooms with first cash investment
Investment vehicle Juniperus Insurance Opportunity Fund (JIOF) made its first investment in Hannover Re’s sidecar Globe Re, last month. The newly launched fund, which will invest in traded (re)
06 July 2008
Aon next to target ILS fund
Chicago-headquartered Aon Corp is marketing a dedicated insurance linked securities (ILS) fund, which plans to invest in a range of insurance linked alternative investments, Trading Risk understands.
06 July 2008
Florida flux boosts ILW trading
Pricing and trading in the industry loss warranty (ILW) market has boomed following mooted changes in the Florida state’s cat fund in recent months. It is understood that the cat fund and the s
06 July 2008
ILS defies credit crunch
The insurance linked securities (ILS) sector is a rare jewel that stands out from the credit market turmoil, according to market leaders speaking at Trading Risk’s inaugural Executive Briefing
06 July 2008
Hannover's ILS team closes hybrid Globe Re
Hannover Re’s new dedicated insurance linked securities (ILS) team has closed $133mn Globe Re – choosing an innovative deal as its first since launching in January. Globe consists of a pr
06 July 2008
The Trading Floor Interview: Luca Albertini
Leadenhall Capital Partners is the first dedicated vehicle to be formed by a Lloyd's insurer which specialises in the traded (re)insurance risk universe. Founding chief executive Luca Albertini is next to brave our five questions...
06 July 2008
RMS to trade two indices in OTC markets; more in pipeline
Risk Management Solutions (RMS) has launched its second natural catastrophe index under the Paradex banner, with two more in the pipeline, says the risk modelling firm. The index, which RMS says is t
06 July 2008
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