-
Swiss Re has insured SFr1.7bn of longevity risks for the Royal County of Berkshire pension fund (RCBPF) in the first pure longevity risk transfer undertaken for any government body worldwide, according to the firm.
-
Natural catastrophe activity remained near the levels of the previous two years in 2009, though in the absence of a significant fallout from a US hurricane this season insured losses were in the region of only $20bn, according to the latest research from Aon Benfield.
-
The newly launched PERILS European windstorm industry loss index has been chosen as the trigger on two industry loss warranty (ILW) contracts.
-
A loss looks increasingly likely on the Class G notes of Glacier Re's 2008 Nelson Re, as claims from last year's Hurricane Ike threaten to trigger the bond.
-
Zurich American Insurance Company is believed to be closely monitoring the progress of Swiss Re's Redwood XI as a test case for its mooted Lakeside Re cat bond renewal, Trading Risk understands.
-
Secondary market traders registered an uptick in cat bond trading in November, as the US wind season drew to a close and US wind-exposed bonds came off-risk.
-
The secondary market price of 2009 cat bonds has shot up to an average 108-112 cents to the dollar, reflecting strong demand for the high yields in early post-Lehman issuance.
-
Secondary market pricing on Glacier Re's troubled Nelson Re Class G notes slumped to around 7-10 cents to the dollar after Moody's Investor Service downgraded the $67.5mn US wind-exposed G tranche in late November on news of mounting losses from Hurricane Ike.
-
The four cat bonds to close in recent weeks were all upsized, but investors' participation was still heavily marked down...
-
As the year-end inches closer, the tally of ILS issuance has reached $2.5bn. And with a healthy pipeline of deals, total issuance for the year is set to exceed the $2.8bn of deals placed in 2008.
-
Leading industry loss warranty (ILW) broker Aon Benfield has partnered exclusively with Trading Risk to provide insight and commentary on the ILW market. Aon Benfield comments on Q4 activity
-
Eurex, the leading European derivatives exchange has reached agreement with the US Commodity Futures Trading Commission (CFTC) to actively offer its binary US hurricane derivatives in the States.