May 2009/1
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ILS investors are so keen to diversify their holdings with non-catastrophe exposures that they may be willing to trade yield for greater choice. Speaking at the S&P European ILS conference on the 13
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Despite mutterings of discontent in some corners of the investor community on loss-stricken liability cat bond Avalon Re, secondary market pricing still reflects only an anticipated partial loss on t
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Munich Re and Tokio Marine Nichido Fire’s private cat swap based on Risk Management Solutions’ (RMS) Paradex-Europe Windstorm (PEW) index takes the total notional amount of risk transferr
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US military mutual insurer and ILS stalwart USAA has increased the size of its thirteenth consecutive cat bond, Residential Re 2009, by $90mn - to $240mn - Trading Risk can reveal. Goldman Sachs, whi
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PERILS AG, established this year to aggregate and provide industry-wide European catastrophe insurance data, has estimated property insurance market losses caused by windstorm Klaus of EUR1.55bn. The
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Will investor demand for long-tail macro longevity risk be sufficient to meet the anticipated supply from corporate pension funds in the wake of Babcock International Group’s planned £750mn lon
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German reinsurance giant Munich Re has launched a EUR100mn European windstorm and Turkish earthquake cat bond – Ianus – which will be welcomed by those calling for peril diversification i
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A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re failed to repay the principal at the 8 May redemption date, according to AM Best which downgraded and withdrew its
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The recent outbreak of swine flu poses little immediate threat to the sector’s three extreme mortality cat bonds, despite the global death toll reaching 74. The World Health Organisation (WHO)
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A surge in recession-related credit losses has “increased the default possibility” of Swiss Re’s $252mn credit reinsurance securitisation, Crystal Credit, prompting Standard & Poor
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AM Best has taken rating actions on various tranches of Merrill Lynch’s innovative 2007 collateralised debt obligation (CDO) issue, Dekania. Dekania allowed smaller US and European carriers, in
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Leading ILS investor Nephila Capital and a subsidiary of Allianz Risk Transfer (ART) have tapped two investors for an extra $200mn to deploy during the 2009 US wind season. The two ILS-specialist fir