September 2009/1
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Swiss Re is close to launching a fourth extreme mortality bond in its Vita series, spurred by a deepening of the H1N1 swine flu pandemic, Trading Risk understands. Although the target size of Vita IV
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Leading ILS investor Clariden Leu is seeking to use the securitisation power of its Swiss bank franchise to transform insurance risk into much-needed investments for its flagship Cat Bond Fund. The $
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The longevity swap market is “poised to grow” to £5-10bn in several years, after the latest £1.9bn transaction between UK insurer RSA and Goldman Sachs took the value of longevity reserve
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A further surge in recession-related credit losses has prompted Standard & Poor’s (S&P) to downgrade the notes of Crystal Credit – Swiss Re’s EUR252mn credit reinsurance securitisat
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Moody's Investors Service is keeping a $67.5mn tranche of the 2008 Nelson Re cat bond from private equity-backed Swiss reinsurer Glacier Re under review for possible downgrade. The agency said that t
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Deutsche Bank is developing a highly liquid, highly transparent insurance-linked instrument which would provide mainstream investors with an alternative to cat bonds, Trading Risk understands. The ta
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The picture emerging from the Monte Carlo Rendez-Vous this September was of a healthy but fragmented reinsurance market, with adequate capacity dampening expectations of rating improvements in 2010.
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London-based ILS investment manager Securis Investment Partners has hired former Swiss Re trader Al Selius to start a New York office. Selius will be based in New York and will join the non-life orig
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Hannover Re has continued its pioneering legacy with the launch of the $60mn sidecar-style vehicle Fac Pool Re – the first dedicated, securitised facility created for facultative exposures. Han
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Disappointing trading volumes in the brave new world of insurance-linked derivatives have pushed the world’s largest interdealer broker ICAP plc and insurance intermediary JLT to close their jo
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The insurance-linked securities (ILS) sector produced returns of 3.89 percent for the year to end-June 2009, down from 10.12 percent the previous year, according to Aon Benfield cat bond indices. In
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Ratings agency Moody’s Investors Service has upgraded two tranches of notes on Brit Insurance’s 2007 cat swap deal, Fremantle Ltd, as the likelihood of a loss diminishes while the transac