September 2008/1

ILS activity “slowed”, during the July reinsurance renewal season, with maturing cat bond capacity exceeding new issues by $700mn, according to broker Willis Re. In its mid-year reinsuran

Dresdner Kleinwort is marketing a catastrophe derivative contract in the capital markets, based on cat modelling firm Risk Management Solutions’ (RMS) new Paradex European Windstorm index, Trad

Just three deals were completed over the late summer months, with total issuance volume of $820mn, taking the 2008 running total of insurance linked securities (ILS) issuance to circa $3.6bn. The tra

A number of Eurowind cat bonds have been marked down in price on the secondary market, after failing to find buyers, according to senior market sources. Despite traders reporting the majority of cat

Stoneheath Re, the Cayman Islands insurance special purpose vehicle established in 2006 by Bermudian (re)insurer XL Capital, has been downgraded by ratings agencies Fitch Ratings and AM Best. In resp

Moody’s Investors Service further downgraded the unwrapped tranches of beleaguered Scottish Re’s $2.1bn XXX reserve life securitisation, Ballantyne Re, citing mark-to-market losses in the