April 2009/1

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 $

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

The secondary market for insurance-linked securities (ILS) has seen disproportionate trading in short-dated cat bonds as investors strive to hold liquid positions. During brisk trading in the fourth

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

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

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

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

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

A hardening market at 1 April – fuelled by reinsurer capital constraints and the ever-present Florida question – has caused insurers to enter the market early for 1/6 and 1/7 renewals, i

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

An anticipated $3bn in insurance linked securities (ILS) issuance for 2009 will not provide much-needed net growth to the market, but will only replace capacity from maturing deals, according to indu