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US insurer Chubb Group has launched a $200mn Cayman Island-based catastrophe bond, East Lane II Ltd, giving it multi-peril cover in North America. The indemnity bond will cover Chubb and its subsid
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Outstanding non-life insurance linked securities (ILS) limits could reach $70-100bn within the next 10 years, according to panelists at the SIFMA ILS conference in New York this week. In a lively d
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Outstanding non-life insurance linked securities (ILS) limits could reach $70-100bn within the next 10 years, according to panellists at the SIFMA ILS conference in New York this week. In a lively
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The embedded value (EV) sector of the life insurance linked securities (ILS) sector is a "high growth area", commented Michael Symonds, SVP at Lehman Brothers, at the SIFMA ILS conference in New Yor
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German reinsurer Munich Re has launched its second insurance linked securities (ILS) issuance for 2008, the EUR170mn European windstorm cat bond Queen Street, as predicted by Trading Risk. The thre
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Secondary trading in cat bonds spiked in the last month - with an estimated $200-250mn of cat bond volume traded in under two weeks in late February - as the wider credit crunch impacted once more o
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Hannover Re CEO Wilhelm Zeller said the reinsurer will look to continue with its multi-year K5 sidecar when it comes up for renewal. Zeller added that Hannover Re had never been as well covered bec
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Ratings agency actions based on markto-market losses in investment portfolios, failed commercial paper auctions and the uncertainty surrounding the fate of the monoline bond insurers – which pr
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Hannover Re and Bermudian reinsurer PartnerRe Ltd have recently launched dedicated ILS departments to explore different ways to interact with the capital markets, Trading Risk can reveal. The moves u
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Bermudian reinsurer RenaissanceRe (RenRe) has withdrawn its proposed $200mn CPXRe cat bond and Catlin’s $150mn Newton Re 2008-1 was a third smaller than originally conceived, mainly due to lack
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Two issuers brought bonds to the market in early 2008, based on proprietary cat models rather than those of the three main risk modelling agencies, and with varying degrees of success. Catlin: Newton
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Secondary market trading of insurance linked securities (ILS) has remained strong in 2008, with some $550mn of cat bonds alone traded to mid-February, according to Albert Selius, managing director of