The sixteen member countries of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) has published an announcement, which points out that the organization “will benefit from the first ever catastrophe bond issued by the World Bank (International Bank for Reconstruction and …
Jardine Lloyd Thompson Capital Markets (JLTCM) Inc., a part of JLT Towers Re, announced its second Market Re private placement cat bond (Market Re 2014 -2), which closed at $31.825 million. JLT said the “new bond provides one year indemnity-based …
German Finance Minister Wolfgang Schaeuble has deflected complaints from insurers worried that his revamp of how they meet obligations to policy holders will scare off investors, a ministry document released today shows. Schaeuble’s ministry is preparing a bill to secure …
XL Group plc’s Bermuda-based reinsurance operations announced the appointment of Craig Wenzel as Senior Vice President, Capital Markets, a newly-created role position. He will be responsible for managing and developing relationships with third party capital providers in support of XL’s …
A report from Willis Capital Markets & Advisory (WCMA), a unit of Willis Group Holdings, concludes that the “catastrophe reinsurance market may be on the cusp of a strategic shift, with third party capital providers set to take on increasing …
Swiss Re Ltd. Announced that it has secured $400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., which it described as a “flexible program that allows Swiss Re to cede wind risks in both the United States …
The latest Insurance-Linked Securities (ILS) Market Update from Willis Capital Markets & Advisory (WCMA), part of global insurance broker Willis Group Holdings, notes a “record issuance in the catastrophe bond market in the first quarter of 2012, with eight new …
Swiss Re Capital Markets announced that it has “structured and successfully placed $240 million of insurance-linked securities [cat bonds] issued by Blue Danube Ltd., on behalf of a subsidiary of Allianz SE. The securities cover North Atlantic hurricane, including Mexico …
Willis Group Holdings announced the appointment of Andrea Bellone as Managing Director in the European team of Willis Capital Markets & Advisory (WCMA), effective immediately. He is based in London and reports to Michiel Bakker, Head of WCMA Europe. Bellone …
Phil Ellis, the CEO of Willis Global Solutions Consulting Group, called on the insurance industry “to innovate rapidly to address the glaring gap that exists for reputational risk cover.” Speaking at a seminar -The Risk Frontiers Conference – in London, …
