May 2009/1

Swiss Re has confirmed that it will cease carbon trading and close its emissions trading desk, in a move first revealed by Trading Risk. The reinsurance giant is understood to also be moving its natu

Secondary market pricing on two Ike-exposed cat bonds - Allianz’s $120mn Blue Coast and Glacier Re’s Nelson Re Class G notes - fell by an average 12 percent in the first quarter of 2009,

S&P has withdrawn its ratings on Arch Reinsurance’s $256mn credit facility Flatiron, Hannover Re’s $200mn sidecar, Kepler Re, and Harbor Point’s $125mn vehicle Bay Point, while Mood

ILS investors were warned last week that they need to be more realistic on yields if they wish to see more cat bonds emerge from (re)insurers. Although catastrophe reinsurance rates are continuing to

S&P has lowered its senior debt rating on Scottish Re’s life transaction Orkney Re II’s series A-2 notes to CC from CCC, citing declining mark-to-market asset values and doubts over the v

Insurance-linked derivatives provide the best security of a range of traditional and alternative risk transfer products, according to Michael Jedraszak, underwriter at Bermuda-headquartered (re)insur

Despite cat reinsurance rates continuing to harden, several proposed sidecar vehicles looking to cash in on attractive underwriting conditions and potential capacity shortages are stalling as the key

Industry loss warranty (ILW) and catastrophe derivatives trading volumes are “considerably” lower than last year, stifled by high prices and the effects of contagion from the financial ma

The renewal of Hannover Re’s hybrid sidecar vehicle - $133mn Globe Re – has been stalled by a “huge gap” between pricing in the traditional and capital markets, Trading Risk c

We are enormously proud of both the high calibre and the quantity of entries we received for the inaugural Trading Risk Awards 2009. The level and quality is exceptionally high and choosing the short

Trading Risk has partnered with Swiss Re to publish its proprietary cat bond index on a regular basis. Look out for regular data and commentary on ILS performance in our newsletters and on our websit

Credit Suisse Asset Management (CSAM) is set to launch a $65mn dedicated life insurance linked securities (ILS) fund, demonstrating the resurgent popularity of life risk trading. The fund – cal