-
Listed ILS fund DCG Iris reported an active month for cat bond trading in June as it moved out of several positions in order to lock in mark-to-market profits, according to its latest monthly report
-
The volume of industry loss warranties (ILWs) placed in the first half of 2013 fell by about 15-20 percent from 2012, Aon Benfield Securities estimated
-
Lloyd's granted Nephila's Syndicate 2357 formal permission to begin underwriting on 2 August and the fund manager is planning to cede business into the syndicate before the end of the year, Trading Risk understands
-
BMS is seeking to obtain a broker-dealer license in order to start broking catastrophe bonds and other capital market products, Trading Risk understands.
-
Validus CEO Ed Noonan said the firm was talking to its AlphaCat investors about non-cat underwriting opportunities as it continued to build out its asset management business.
-
Axis Capital is looking to raise $150mn from its first cat bond, Northshore Re, Trading Risk understands.
-
Cat bond sponsors used Property Claims Services (PCS) data on seven new issuances worth $1.6bn in the first half of 2013, which was in line with volumes placed in the first half of 2012.
-
The Chicago Mercantile Exchange (CME) cleared a trade of 750 seasonal hurricane options representing $7.5mn of notional limit in May in the first deal to date in 2013, according to information from the exchange.
-
2013 is shaping up to be the strongest year for cat bond activity in six years, with a record-breaking $4bn of new issuance having been brought to market by the end of June - topping the $3.8bn issued in the first half of 2007
-
The spate of new cat bond issuance in June helped boost trading activity on the secondary market as the US hurricane season started.
-
The ready availability of retrocession capacity has produced new demand for six-month indemnity programmes from buyers that might normally seek industry loss warranty hedges or to run their portfolios net.
-
Cat bond sponsors used Property Claims Services (PCS) data on seven new issuances worth $1.6bn in the first half of 2013, which was in line with volumes placed in the first half of 2012
