November 2009/1

Moody’s Investors Service has maintained the ratings for Bank of Ireland’s 2007 life ILS Avondale Securities with a stable outlook, after concluding a review for possible downgrade. The a

Reinsurance broker Guy Carpenter (GC) and its capital markets arm GC Securities noted that achieving $3-4bn total ILS issuance for 2009 will be “quite a stretch” but “attainableR

Ratings agency Standard & Poor’s (S&P) has affirmed its credit ratings on the notes of Crystal Credit – Swiss Re’s EUR252mn credit reinsurance securitisation – despite a furth

Rating agency Moody's has formally withdrawn the debt ratings on Arch Capital’s property cat sidecar Flatiron Re, after its loans were repaid in full earlier this year. Moody's also withdrew Fl

Ratings agency Moody’s has downgraded the $750mn of notes in life (re)insurer Genworth Financial’s River Lake III XXX securitisation – assigning a developing outlook to the notes an

French reinsurance group SCOR is contemplating the launch of a new Euro wind and Japanese earthquake cat bond as a renewal of its maturing EUR120mn Atlas III transaction, according to sources. Source

Property Claims Service (PCS) finalised its onshore industry loss estimate for Hurricane Ike at $12.5bn in October, triggering a number of 2008 industry loss warranty (ILW) contracts and IFEX cat fut

The governments of Malawi and Caribbean countries may be the next to access the World Bank’s new ILS template for developing countries, following the successful closure of the $290mn MultiCat M

The continued softening of property and casualty (P&C) (re)insurance rates has been pushed by updated earthquake and wind risk models, which have reduced loss estimates by up to 30 percent, according

Dutch life insurer AEGON completed a $900mn embedded value securitisation with investment bank JPMorgan, creating regulatory capital relief for its US operations. JPMorgan securitised $650mn of the i

Bermuda-domiciled (re)insurer AXIS Capital bemoaned longevity risk modelling as “unpredictable” and “inherently uncertain”, as it reported a $138mn fair value loss on a 2006 l

The near 200 investors, advisers and sponsors gathered in New York for Trading Risk’s annual executive briefing heard Swiss Re Capital Markets managing director Judy Klugman express the firm