February 2009/1

The insurance-linked derivatives market is expected to operate on standard contract documents “within months”, allowing cat swaps, futures and options to be traded more transparently, eff

Industry Loss Warranty (ILW) rates are stabilising as retro buyers step back from the maelstrom of 2008 rate hikes and capacity shortages and the January 1 renewals.   ICAP’s Rob Turner told Tr

  Heavy fourth quarter 2008 secondary cat bond trading sent the insurance linked securities (ILS) market to only the second quarterly loss in its history, at 0.94 percent.   The quarter’s loss

Property Claim Services (PCS) has raised its estimate for onshore insured losses from Hurricane Ike by a further $900mn to $11.5bn, but the figure continues to conflict with loss projections from wit

Citadel’s CIG Re and New Castle Re’s 2007 $500mn all-debt sidecar vehicle, Emerson Re, has been terminated as the hedge fund significantly scaled back its presence in the (re)insurance ma

Oil Casualty Insurance Company’s (OIL) 2005 $405mn Avalon Re bond has been extended a further nine months, to 3 September 2009, in order to fully assess the losses to the bond.   The notes, whi

Convergence stalwart Hannover Re has successfully completed a EUR100mn embedded value life transaction, proving that the foundering life  securitisation market still has a pulse.   Hannover continued

 The Chicago Mercantile Exchange (CME) traded more than $30mn notional limit of its CHI hurricane cat futures in the first weeks of 2009, as reinsurance broker Carvill withdrew from the initiative wh

The Chicago Mercantile Exchange, the largest weather derivatives exchange, has expanded its temperature-based weather products to Australia.   The new listings, which will begin trading on 23 Februar

 IFEX traded 25 lots ($250,000) of its 1st event 2008 $10bn event-linked futures contracts in February, as traders closed out positions ahead of the revised industry loss estimates for 2008’s H