Monthly Archives: March 2014

Big in Japan

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Three years after the Tohoku earthquake, reinsurers – traditional and alternative – have regained their appetite for Japanese risk March 11th 2011 saw an earthquake off the coast of the Tohoku region of Japan that was off the...

News review | March 31 2014

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Cayman Islands reinsurer Oxbridge Re has successfully raised $26.4m from its initial public offering (IPO). The company was formed by investors looking ‘to provide more competitive reinsurance products to property and casualty insurance providers...

Known unknowns

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A new generation of catastrophe models is set to transform our understanding of the uncertainty inherent in risk analysis All catastrophe models are wrong in that they are unable to provide accurate estimates of the probability of...

News review l March 24 2014

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Proposals to purchase $1.5 billion in reinsurance cover for the Florida Hurricane Catastrophe Fund have stalled in the state’s legislature, according to the fund’s COO, Jack Nicholson. Nicholson has previously said that he favours using catastrophe...

Keep it private

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Private cat bonds

A peek into the world of private catastrophe bonds The catastrophe bond market reached record levels in 2013. Packaging reinsurance risk in bond format has been extremely successful in moving peak insurance risk – in particular...

News review l March 17 2014

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US insurer, Great American Insurance Group, has accessed the capital markets for the first time through its Riverfront Re catastrophe bond. Riverfront Re is a $95m bond that provides reinsurance protection from named storms, earthquakes, severe thunderstorms...

In deep water

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Insurance linked securities may be part of the solution for the insolvent US federal flood programme In recent years, a series of very large losses has made flood risk a key issue for insurance companies and governments around the...

News review l March 10 2014

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Swiss-headquartered ILS and reinsurance investment manager, Twelve Capital, has issued its second private catastrophe bond of 2014. Dodeka II is a $25m bond that uses PCS to estimate industry losses. The transaction has a structure...

They’re back

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The surprising return of the sidecar 2014 is shaping up to be an important year for the reemergence of reinsurance sidecars as traditional reinsurers look for ways to dent the growth of the alternative reinsurance industry. In a...

News review l March 3 2014

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Blue Capital Management, the ILS fund manager operated by Bermudian reinsurer Montpelier Re, is intending to complete the third share placement for its London listed Blue Capital Global Reinsurance Fund. Proceeds from this third...