Monthly Archives: January 2014

The heat is on

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Concern about global warming is fuelling greater interest in ILS A landmark report by the Intergovernmental Panel on Climate Change (IPCC) last year concluded there is unequivocal evidence that human actions are responsible for global...

News review l Jan 27 2014

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Japanese-headquartered reinsurer Tokio Millennium Re AG has sponsored its first catastrophe bond. Named Omamori, which is Japanese for a lucky amulet that protects the wearer, the bond is a private $25m deal. The transaction provides...

Where the growth is

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Emerging markets provide risk and reward for the industry Emerging market growth has been the economic headline of the last decade and particularly apparent as the developed world has wallowed in the recessionary mire of recent years....

News review l Jan 20 2014

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Bermudian reinsurer, Everest Re, revealed that it has increased the size of its Mt Logan Re sidecar by almost 50%. In a statement this week the reinsurer said it had secured additional funding for the special purpose reinsurer. This...

The gloves are off

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Bermuda steals the lead in fight for ILS market dominance 12 January 2014 Bermuda leads the world in insurance linked securities, having stolen the domicile of choice from close rival The Cayman Islands last year....

News review l Jan 13 2014

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Serial catastrophe bond insurer Aetna, the US health insurer, has issued the first ILS transaction of 2014. Vitality Re V is a $200m deal that secures reinsurance protection for the firm’s health insurance medical benefit risks....

Room for some more

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Growth in catastrophe bond market set to continue in 2014? In 2013, the catastrophe bond market saw $7.1 billion of new issuance taking the total amount of outstanding bonds to over $20bn for the first time. But a larger and more...

News review l Jan 6 2014

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London-listed CATCo Reinsurance Opportunities Fund Ltd has confirmed that it intends to return around $74m to investors in the fund. The firm will make a one-off payment of $0.20 per share to its investors after a lack of major claims...