Monthly Archives: February 2014

What’s the damage?

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Despite the headlines, 2013 was a respite year for the reinsurance industry Recent analyses by a number of industry insiders have examined how last year, the reinsurance industry experienced one of the most benign loss years on record...

New Review | Feb 24 2014

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US insurer, American Strategic, has issued its first catastrophe bond, Gator Re. The Florida-based insurer is attempting to secure $125m of reinsurance protection from capital markets investors. The indemnity will cover the company’s losses from...

Beyond TRIPRA

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Could the ILS market help to provide an alternative to government backed terrorism insurance? More than a decade since the 9/11 terrorist attacks in the US the effects of that day still reverberate through the insurance industry. In...

News Review | Feb 17 2014

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German reinsurer, Munich Re, is set to return to the capital markets  with the ninth in its series of Queen Street catastrophe bonds. The bond will protect the reinsurer against US hurricane and Australian cyclone as part of its retrocessional program....

Wider and wider

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The increasing breadth of the alternative reinsurance industry The alternative reinsurance industry is on the up with $7.42 billion in new securities issued in 2013 and predictions that this number could double over the next four...

News Review | Feb 10 2014

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Assets under management at Nephila Capital, the largest of the ILS funds, increased to over $10 billion by the end of last year, according to Kohlberg Kravis Roberts. KKR bought a 25% stake in Nephila at the end of 2012 and says that it is working...

All eyes on Florida

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US state's plans could create opportunities for ILS market Florida is a major beneficiary of the burgeoning insurance linked securities industry, which accounts for a hefty slice of reinsurance coverage there. So it is no surprise...

News review l Feb 3 2014

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The second series of catastrophe bond notes to be issued through Kane’s independent private catastrophe bond platform was confirmed this week. The company announced the issuance of $50.1m Series 1-2014 At-Risk Notes through the...