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Swiss Re boosts carbon emissions trading
Swiss Re Global Market’s environmental and commodity markets division has entered into an emissions reduction purchase agreement with Hebei Construction Investment New Energy Co Ltd. Through th
04 May 2008
AM Best applies basis risk assessment to ILWs
Ratings agency AM Best is extending its insurance linked securities (ILS) rating methodology to include assessment of the basis risk carried by industry loss arranties (ILWs). In a statement, the fir
04 May 2008
Roadblock for Bridge Re sidecar
Dresdner Kleinwort-owned special purpose reinsurer Bridge Re, has closed its three year $182.5mn Puma Capital retro cat sidecar to new business after just one year of operation due to weaker market c
04 May 2008
Merna Re falls into illiquid secondary market
State Farm’s 2007 landmark catastrophe bond, Merna Re, is coming under pricing pressure in the secondary market, as investors seek to sell large chunks of the investment grade notes, according
04 May 2008
Chubb issues $200mn on reputation; Munich self-manages Queen Street
East Lane Re II US insurer Chubb Group’s $200mn cat bond, East Lane Re II, was over-subscribed, proving that a “strong” proposition can still compel investors despite the recent rel
04 May 2008
Swiss Re launches $150mn Sector Re II sidecar
Convergence pioneer Swiss Re has launched a new $150mn sidecar vehicle, Sector Re II, to write a quota share retrocession of the group’s global natural catastrophe and aviation catastrophe port
04 May 2008
Parametric US wind facility launched
Global insurance broker Marsh has launched a parametric insurance product based on risk modelling firm Risk Management Solutions’ (RMS) WindX parametric index. The product, called WindX-SI, can
04 May 2008
Zeller aims to renew K5 sidecar
Hannover Re CEO Wilhelm Zeller said the reinsurer will look to continue with its multi-year K5 sidecar when it comes up for renewal at year-end. Zeller added that Hannover Re had never been as well p
04 May 2008
ILS facing soft market pricing pressures
The ILS sector is echoing the traditional (re)insurance market with both rates and terms/conditions coming under pressure, recent research has concluded. The insurance linked securities (ILS) sector,
04 May 2008
Embedded value 'high growth area' for life ILS
The embedded value (EV) sector of the life insurance linked securities (ILS) sector is a “high growth area”, commented Michael Symonds, SVP at Lehman Brothers, at the 2008 SIFMA ILS confe
04 May 2008
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