April 2009/1

Dedicated insurance-linked derivatives broker Myrias LLC is developing a screen-based trading platform, aimed at standardising the trading of industry loss warranties (ILW) and cat bonds in the secon

The ILS sector is maturing and now offers sufficient breadth and depth – through sidecars, catastrophe bonds, insurance-linked derivatives and other products – to provide real risk transf

Temporarily distracted by tempting returns in other asset classes, multi-strategy investors consider insurance-linked securities (ILS) as a solid diversifying asset and demonstrate a high tolerance o

Texan lawmakers are weighing up a raft of proposed legislation that could overhaul the state’s loss-struck wind pool – triggering an increased reinsurance spend – or even establish

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) – the multi-country catastrophe risk pool backed by the World Bank – has had its reserves boosted by a EUR12.5mn donation from th

The three remaining cat bonds affected by the collapse of Lehman Brothers have met their March interest payments. However, a default risk remains on troubled Ajax Re, Standard & Poor’s (S&P) sa

Investors in the $33.5mn class G notes of closed sidecar Puma Capital are still vulnerable to losses from Hurricane Ike, despite the vehicle ceasing to write new business in April of last year. The $

Allianz’s 2008 Blue Coast cat bond has been placed on negative watch due to fears that hurricanes Ike and Gustav will trigger a loss on it. If the bond were to suffer a loss it would be the six

The Chicago Mercantile Exchange (CME) has acquired the Carvill Hurricane Index from the erstwhile broker, renamed it CME Hurricane Index (CHI) and appointed risk modeller EQECAT as calculation agent

Nephila-backed weather risk service WeatherBill has launched a screen-based underwriting and trading platform. The WeatherBill White Label platform enables any third party to offer weather coverage t

Nephila-backed weather risk service WeatherBill has launched a screen-based underwriting and trading platform. The WeatherBill White Label platform enables any third party to offer weather coverage t

UK insurance giant Aviva closed a £475mn longevity derivative transaction with a group of investors led by Bermuda-based PartnerRe, in a specially-tailored deal that opened the life insurance market