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Bermudian reinsurer RenaissanceRe has relaunched its defunct Timicuan Re sidecar with $10mn seed capacity and $50mn of third party equity investment, despite difficult market conditions for the vehic
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Military mutual insurer and insurance-linked securities (ILS) stalwart USAA’s 13th consecutive cat bond, Residential Re 2009, has closed after upsizing again to $250mn. Res Re 2009 started lif
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Global broker Aon Benfield has suspended its fundraising efforts for new investment management firm Global Insurance Strategies LLC (GIS), as it concentrates on Benfield-backed cat fund manager Junip
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Bermudian energy industry mutual Oil Casualty Insurance Ltd (OCIL) has denied there is any dispute over asbestos-related claims on its 2005 excess liability cat bond Avalon Re. “No asbestos-re
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Swiss Re is launching a third cat bond on behalf of ACE American Insurance Co – the $100mn US wind and quake transaction Calabash Re III Ltd – just in time for the start of the US wind se
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Goldman Sachs, bookrunner and lead manager on USAA’s thirteenth cat bond – Residential Re 2009 – has confirmed pricing on the further upsized $250mn transaction. Goldman Sachs, whic
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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 – the global trade as
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Catastrophe futures pricing has softened up to 10 percent for US wind contracts in recent weeks, as traders seek to deploy capital ahead of the North Atlantic hurricane season which starts on 1 June,
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HSBC bank has hired ex-Morgan Stanley executive Simon Hotchin to head its insurance solutions group, which recently acted as arranger of the collateral management mechanism for Allianz’s Blue F
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Secondary market pricing on two Ike-exposed cat bonds - Allianz’s $120mn Blue Coast and Glacier Re’s Nelson Re Class G notes - fell by an average 12 percent in the first quarter of 2009,
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We are enormously proud of both the high calibre and the quantity of entries we received for the inaugural Trading Risk Awards 2009. The level and quality is exceptionally high and choosing the short
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Will investor demand for long-tail macro longevity risk be sufficient to meet the anticipated supply from corporate pension funds in the wake of Babcock International Group’s planned £750mn lon