Monthly Archives: October 2013

News review | 28 October 2013

Posted by on

Galileo Re, the catastrophe bond launched last week by (re)insurer Catlin, has increased in size to $300m. This represents growth of over 70% for the bond that was initially planned to be $175m. The Galileo Re Ltd catastrophe bond covers Catlin on...

News Review | 21 October 2013

Posted by on

Catlin Group made a return to the catastrophe bond market with Galileo Re, a $175m multi-peril deal. The Bermuda-domiciled special purpose insurer will cover US named windstorm, US earthquake, Canada earthquake and European windstorm...

US perils dominate ILS market

Posted by on

In a report released earlier this week, Munich Re summarized a busy third quarter for the ILS market, which saw a number of noteworthy transactions and trends. The report documented only two instances of non-US perils being brought to the...

AIR announces expanded Touchstone platform

Posted by on

Software developer AIR Worldwide recently announced an updated version of its risk-modeling platform, Touchstone, which will improve the intelligence-gathering and analytical capacity of its users. Reinsurance providers have already embraced the...

News Review | 7 October 2013

Posted by on

French insurer AXA made a return to the cat bond market with the launch of Calypso Capital II. The bond aims to secure AXA multi-year European windstorm coverage from the capital markets. The transaction has a preliminary size of €350m with two...

Aon Benfield positive about future of ILS

Posted by on

In its detailed summary of the insurance-linked securities (ILS) market, Aon Benfield Securities documents the surging interest in catastrophe bonds and other alternative risk transfer methods. The aptly titled report, ‘Capital Revolution – ILS...

Catastrophe losses in first half of 2013 fail to impact rates

Posted by on

Despite catastrophe-induced losses in the first half of 2013 that exceeded the 10-year average, interest in the reinsurance marketplace remains robust, even to the point of drawing words of caution from Amlin’s chief executive. In response to the...