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April 2010/1

  • Munich Re’s four-year wind bond Eos Wind Limited has shrunk to $80mn from the $100mn of capacity initially planned, Trading Risk can reveal.
  • Stephen Breen and Patrick Gonelli have left interdealer broker Tradition Re to join US reinsurance brokerage TigerRisk Partners, Trading Risk can reveal.
  • US insurer Nationwide Mutual has returned to the ILS market with a $200mn renewal of its 2008 Caelus Re cat bond.
  • The Trading Risk Awards 2010 finalists have been decided following deliberations by the judging panel today (28 April).
  • US insurer Chartis is marketing a $250mn US wind cat bond, Lodestone Re, which will take the volume of closed and pending ILS capacity in 2010 over the $1bn mark, if successful.
  • A sluggish first quarter saw total ILS issuance of $300mn, or just 50 percent of levels seen in the same quarter of 2009, according to Aon Benfield Securities. 
  • Former Swiss Re executive William Dubinsky will head the ILS team at Willis Capital Markets and Advisory (WCMA) as the broker moves to
  • Life reinsurance could account for half of Hannover Re’s business by 2013, chief financial officer Roland Vogel has said, unveiling plans that may boost life risk transfer to the capital markets. 
  • North Carolina's state-backed catastrophe insurance plans – the Joint Underwriting Association and the North Carolina Insurance Underwriting Association, (NCJUA/IUA) – are marketing Johnston Re, a $200mn renewal of the 2009 Parkton Re tr
  • Bermudian headquartered (re)insurer Catlin intends to form a new sidecar, Long Bay Re, which it will list on the London Stock Exchange’s (LSE) junior platform, AIM.
  • In our regular ILW quarterly update, Willis Re executive director Henry Kingham sees capital markets capacity flooding the ILW market, but Chile halts the price decline...
  • Longevity risk has threatened pension fund solvency in the UK for years and life reserves have been a drain on insurer's balance sheets due to US regulation. Can new capital market solutions be the elixir of life for pension funds and life insurers?