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Global broker Aon Benfield has established a new investment management firm as part of its bid to launch a dedicated insurance-linked securities (ILS) fund, in what has been described as a “ver
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The closure of SCOR’s $200mn Atlas V cat bond in February marked the end of an issuance drought, opening the pipeline for two more deals that closed in early March. Atlas V – which provi
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PERILS – the Swiss firm established to develop the much-anticipated European industry loss index – is targeting medium-sized and regional insurers in order to gather sufficient market dat
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The Lehman Brothers-induced ILS drought has finally ended with the completion of the $200mn Atlas V catastrophe bond. Atlas V finally closed today (19 February), providing the French reinsurance gro
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The much-anticipated European industry loss index has drawn closer to fruition with the Swiss incorporation of PERILS AG, a firm established to aggregate European windstorm exposure and loss data. As
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Insurance-linked capital markets could benefit as Florida looks to alternative capital providers as part of the solution to the state catastrophe fund’s $19bn capacity shortfall. Florida Hurr
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Swiss Re is probing all sectors of the trading risk universe in an attempt to hedge layers of the $1.55bn of exposure it assumed on the California Earthquake Authority (CEA) reinsurance programme in
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Heavy fourth quarter 2008 secondary cat bond trading sent the insurance linked securities (ILS) market to only the second quarterly loss in its history, at 0.94 percent. The quarter’s loss
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Industry Loss Warranty (ILW) rates are stabilising as retro buyers step back from the maelstrom of 2008 rate hikes and capacity shortages and the January 1 renewals. ICAP’s Rob Turner told Tr
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French reinsurer SCOR’s Atlas V cat bond has been delayed, with pricing now expected to be finalised by the end of this week (13 February) and closure the following week, Trading Risk can revea
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Standard & Poor’s (S&P) has issued preliminary ratings on the three tranches of SCOR’s Atlas V cat bond, the first cat bond in six months, which is expected to close on 5 February. S
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The Chicago Mercantile Exchange (CME) has traded $30mn notional limit of its CHI hurricane cat futures in the first weeks of 2009, as reinsurance broker Carvill withdraws from the initiative which it
