March 2009/1

The Class A notes of Ajax Re – Aspen Insurance’s $100mn 2007 earthquake cat bond – have been placed on CreditWatch negative by ratings agency Standard & Poor’s (S&P), as it aw

Ratings agency Standard & Poor’s (S&P) has extended the maturity date of excess liability company Oil Casualty Insurance’s indemnity-triggered casualty cat bond, Avalon Re, by a further t

Fitch Ratings has upgraded the class B notes of Fremantle – Brit Insurance’s three-year catastrophe swap deal – as the likelihood of a loss is diminishing with the risk period movin

Contingent capital, pre-event bond issuance and private reinsurance products are emerging as the favoured solutions for funding the Florida Hurricane Catastrophe Fund’s (FHCF) potential $21bn c

Liberty Mutual has completed its third Mystic Re series cat bond – a $225mn US wind and quake transaction – taking 2009 insurance-linked securities (ILS) issuance to $575mn. The size of t

US insurer Chubb completed its $150mn East Lane Re III Florida wind indemnity cat bond earlier this month, demonstrating that the insurance-linked securities (ILS) market is open once again. Goldman

Hannover Re has finally closed its $200mn sidecar, Kepler Re, three months ahead of its scheduled maturity, after shelving the renewal of the vehicle earlier this year due to market conditions. Hanno

Global broker Aon Benfield has established a new investment management firm as part of its bid to launch a dedicated insurance-linked securities (ILS) fund, in what has been described as a “ver