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June has seen the first signs of easing in the sky-high prices that have all but frozen the industry loss warranties (ILW) market in 2009. However, ILW pricing may have to fall a further 10-15 percen
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ISDA OTC template launched After two years of market consultation, the International Swaps and Derivatives Association (ISDA) has launched a standard template for trading US wind event futures. ISDA
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Cat risk appetite showed signs of reappearing from the hedge fund community, as two alternative investment specialists unveiled forays into insurance-linked investments this month. Cartesian Capital
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The ILS market is braced for upcoming changes to California earthquake models that may reduce the estimated hazard resulting from a temblor by up to 35 percent. Upcoming releases from the two main p
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Oil and gas liability mutual Oil Casualty Insurance Ltd (OCIL)’s 2005 excess liability cat bond Avalon Re has once again extended the maturity date on its Class B and Class C notes to 9 Septemb
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Nephila Capital has secured a new $35mn investment mandate from specialist fund manager AMP Capital Investors, further widening the audience for trading (re)insurance risk in the mainstream capital m
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Eurex, the leading European derivative exchange and clearing house, is to launch binary US hurricane derivatives on 29 June, complementing current over-the-counter (OTC) trades. The exchange –
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The World Health Organization (WHO) has declared a global swine flu pandemic after calling an emergency meeting with its committee of flu experts. A pandemic occurs after isolated animal-human trans
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Private equity firm Cartesian Capital Group has created a Bermudian Class 3 insurer – Iris Reinsurance Ltd – expected to offer an estimated $100mn in industry loss warranties (ILW) capaci
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Nephila Capital has secured a new $35mn investment mandate from specialist fund manager AMP Capital Investors, further widening the audience for trading (re)insurance risk in the mainstream capital m
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Swiss Re closed its third cat bond on behalf of ACE American Insurance Co – the $100mn US wind and quake transaction Calabash Re III Ltd – at the start of the US wind season on 1 June. Th
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Insurance-linked securities (ILS) investors have drawn a line in the sand on pricing of non-US peak peril cat bonds, committing only 50 percent of the original EUR100mn capital sought for Munich Re