Monthly Archives: September 2014

Cat bonds – not just cheap

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A more holistic analysis of cat bond transactions reveals more good news for sponsors. Risk adjusted cat bond yields have reduced significantly over the last few years. But the default probabilities calculated by cat models...

News review | September 29 2014

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Bank of England governor Mark Carney has warned the reinsurance market could be mispricing risk. Speaking at the Institute and Faculty of Actuaries General Insurance Conference in Wales he said current record low interest rates are...

A Brief History of Cat Bond Prices

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An article that we wrote for the September 2014 issue Actuaries Magazine from the Australian Actuaries Institute. Download article The original InsuranceLinked articles A Brief History of  Cat Bond Prices Part 1 A Brief History of  Cat Bond Prices...

The silk road – ILS opportunities in China

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There has never been a cat bond in China but it is a leading candidate to be the next big thing in the ILS market. We spoke to Robert Wiest, the Head of Strategy & Operations Asia at Swiss Re. The United States dominates the...

News review | September 21 2014

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Lloyd's insurer, Novae, is set to launch operations in Bermuda as a group reinsurer and coverholder for Syndicate 2007 at Lloyd's, headed up by Philippe Chevereau. Matthew Fosh, CEO of Novae Group, commented: “We have identified...

Seasonal hurricane forecast map with NASA’s Dr Tim Hall

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The 2014 hurricane season continues to be well below long-term average by many measures. We are now about a week past the climatological peak in hurricane formation, and so far we’ve had 5 named storms, one major hurricane (Edouard), and no US...

Monte Carlo 2014 wrap up

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Every year, the reinsurance conference in Monte Carlo is accompanied by market analysis from key industry observers that sets the agenda for the next year. Here is our round up of what was said. Reinsurance broker, Guy Carpenter,...

Investing in Hurricanes

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A concise introduction to reinsurance, catastrophe bonds and insurance linked funds Click to access the latest version. The Guide ...

ILS cheat sheet

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Reinsurance isn't complicated but it is full of jargon. The convergence of the reinsurance and asset management worlds has produced a strange mixture of terminology. For example, a fund can buy a cat bond and sell a reinsurance...

2014 hurricane update with NASA’s Dr Tim Hall

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It has been a quiet year for Atlantic hurricanes, and it is increasingly likely to stay that way. In the first of a series of columns, Dr Tim Hall from NASA forecasts reduced odds for US hurricane landfalls during the remainder of the season. There...

News review | September 7 2014

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Industry veterans Stefano Sola and Richard Pennay have launched Rewire Holdings, a technology-based reinsurance and ILS intermediary. It will develop a web-based closed-end marketplace for insurance companies and investors to transact...

News review | September 12 2014

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Alternative capital has captured a 20% market share of the global property catastrophe market. Annual cat bond issuance reached a record $9.4bn in the year ending June 30 2014, an increase of 41% over the previous year, according to Aon Benfield....

News review | September 1 2014

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Specialist workers' compensation insurer, the California State Compensation Fund, is seeking to renew its Golden State Re earthquake bond. The bond has a $150m target and is 99% exposed to California risk. Trading Risk Chinese investment...