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Cat bond structurers are exploring alternative European jurisdictions for special purpose reinsurance vehicle (SPRV) incorporation, after the Irish regulator forced two re-writes of the Atlas V trans
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PERILS – the Swiss firm established to develop the much-anticipated European industry loss index – is targeting medium-sized and regional insurers in order to gather sufficient market dat
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Berkshire Hathaway’s (BH) appetite for catastrophe reinsurance has been blunted and the company will sell less in 2009 in order to protect its capital cushion, according to chairman Warren Buff
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Ratings agencies Standard & Poor’s (S&P), AM Best and Moody’s have trimmed the ratings of troubled reinsurance giant Swiss Re on the back of its abysmal 2008 results. AM Best downgraded S
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Ratings agency Standard & Poor’s (S&P) has posted a negative outlook on State Farm and RenRe’s $100mn joint venture sidecar-style transaction Top Layer Re, on the back of a recent action
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As the cat bond market re-opens following a six-month hiatus, ratings agency Fitch has praised recent changes in cat bond investment guidelines and swap counterparty structures as “positive
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SCOR has updated the notional portfolios used to model the attachment and exhaustion points on its catastrophe bonds Atlas Re III and Atlas Re IV, in a reset which became effective on 9 February. Acc
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Standard & Poor’s (S&P) has withdrawn its ratings on three bank loans issued by Emerson Re – the $500mn all-debt sidecar vehicle set up by Citadel’s CIG Re and New Castle Re in 2007
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Moody’s Investors Service has put $67.5mn of the notes on Glacier Re’s $180mn Nelson Re cat bond on review for a possible downgrade after the (re)insurer significantly upped its Hurricane
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The Class A notes of Ajax Re – Aspen Insurance’s $100mn 2007 earthquake cat bond – have been placed on CreditWatch negative by ratings agency Standard & Poor’s (S&P), as it aw
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Ratings agency Standard & Poor’s (S&P) has extended the maturity date of excess liability company Oil Casualty Insurance’s indemnity-triggered casualty cat bond, Avalon Re, by a further t
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Fitch Ratings has upgraded the class B notes of Fremantle – Brit Insurance’s three-year catastrophe swap deal – as the likelihood of a loss is diminishing with the risk period movin