The 57th Reinsurance Rendez-vous is winding down, and, while it’s been another successful networking opportunity for the re/insurance industry’s movers and shakers, most of the discussions have ended on a note of uncertainty. The elephant in the room this year …
A flood of investment capital into structures linked to insurance could lead to instability and spark a new financial crisis if left unsupervised, a top official has warned. Billions of dollars from investment funds has flooded into insurance-linked structures in …
Gains on catastrophe bonds are poised to exceed returns on speculative-grade company debt by the most since 2008 as the Atlantic hurricane season heads into its fourth month. Notes designed to protect insurers from payouts on damage linked to powerful …
XL Group and private equity firm Stone Point Capital LLC have announced the formation of a new Bermuda-based company to act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products. XL said it “has a …
“The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in Q2 2012 through 12 tranches (representing 7 deals),” according to Willis Capital Markets & Advisory …
When the Geneva Association’s presentation on how and why governments and re/insurers need to work more closely adjourned, we were able to talk to the organization’s Secretary General, John Fitzpatrick, a former CFO of Swiss Re and currently a non-executive …
The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis …
A report from SNL Financial cites the recent activity in the insurance linked securities (ILS), or “Cat Bond” market is continuing to be an attractive alternative for insurers. SNL’s report notes that “even after an active 2012, the appetite for …
Aon Benfield Securities Insurance-Linked Securities First Quarter Update 2013 has concluded that “for the annual period ending March 31, investment returns for the Aon Benfield All Bond index had reached 12.69 percent (2012: 5.90 percent). The report, published by the …
Bermuda-based Aspen Reinsurance, the reinsurance unit of Aspen Insurance Holdings Limited, announced the formation of a new division, Aspen Capital Markets, with Brian Tobben appointed as its managing director. Aspen Re said it is establishing the new division to expand …
