• X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

Secondary trading

  • Blue Fin II closes; marks peak for spreads?
    German insurance giant Allianz’s Blue Fin II cat bond – which increased in size to $180mn last week – was over-subscribed at its close yesterday (14 April). The US wind and quake bo
    14 April 2009
  • ILS posts 1% gain in Q109
    BB-rated cat bonds posted a 1 percent gain in the first quarter of 2009, recovering from a 1 percent loss in the final quarter of last year. The first quarter gain occurred as high yield bonds
    13 April 2009
  • Short-dated bonds trade as investors seek liquidity
    The secondary market for insurance-linked securities (ILS) has seen disproportionate trading in short-dated cat bonds as investors strive to hold liquid positions. During brisk trading in the fourth
    08 April 2009
  • $7bn+ secondary trading dwarfs primary issuance in 2008
    Distress in the financial markets in 2008 caused secondary trading volumes to outstrip primary issuance more than twofold as credit risk seeped into the sector and de-leveraging hedge funds were forc
    12 February 2009
  • Secondary pricing sends ILS market to 1% Q4 loss
      Heavy fourth quarter 2008 secondary cat bond trading sent the insurance linked securities (ILS) market to only the second quarterly loss in its history, at 0.94 percent.   The quarter’s loss
    12 February 2009
  • 2008 cat bond issuance stops at under $3bn
    Structural issues and confusion over pricing levels have stalled any new catastrophe bond issuance for the remainder of 2008, Trading Risk can reveal. Despite optimism last month that $1-2bn of new
    27 November 2008
  • Lehman bonds trade at distressed levels
    Four cat bonds guaranteed by failed investment bank Lehman Brothers have had “limited trading” in the secondary market at “distressed levels”, according to dealers. Tranches o
    03 November 2008
  • Hannover invests $30mn in secondary
    Hannover Re’s dedicated ILS department has recently bought about $30mn of life and non-life bonds in the secondary market. The department’s head, Henning Ludolphs told Trading Risk that h
    03 November 2008
  • Record month for ILS trading; Market showing 'fatigue'
    October is set to be the busiest month of the year for secondary trading of cat bonds, as the global financial crisis spills over into the insurance linked securities (ILS) sector. Broker-dealer Swis
    03 November 2008
  • Record month for ILS trading on back of financial turmoil
    October is set to be the busiest month of the year for secondary trading of cat bonds, as the global financial crisis spills over into the insurance linked securities (ILS) sector. Broker-dealer Swi
    21 October 2008
  • 2008 secondary trading volumes hit $3bn
    Secondary trading of insurance linked securities (ILS) reached $3bn to end- August, with “brisk, continuous trading” noted in the sector. For the first time in the history of the secondar
    31 August 2008
  • Macro funds sell out of ILS
    Brokers in the secondary market for insurance linked securities (ILS) executed a number of bid lists in August, as macro hedge funds chased higher returns in other, crisis-struck sectors of the capit
    31 August 2008
Load more

Most Recent