Monthly Archives: October 2014

News review | October 27 2014

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Amlin has significantly boosted its stake in Leadenhall Capital Partners to 75%, from 40%, with chief executive, Charles Philipps, saying it offers a "valuable strategic advantage" at a time when "alternative capital plays a greater...

A tale of two storms

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Bermuda was hammered by two tropical cyclones in less than a week, Fay and Gonzalo. But hitting Bermuda was one of the few things the storms had in common. Fay was a “messy” storm: gusty, broad, asymmetric, and not well forecast....

Reinsurance returns – lower and lower

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The latest pricing data indicates that returns have slipped further for both the cat bond and reinsurance markets The third quarter has not been an active one for new reinsurance deals or cat bond issuance - both markets...

ILW Pricing

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Industry Loss Warranties (ILWs) are uniquely transparent structures that are a crucial part of the reinsurance market. Ease of execution makes them popular amongst both investors and insurers looking to hedge their exposures. In recent years, inter...

RMS Miu Pricing

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This chart shows how the expected margin in catastrophe bonds has changed over time. RMS has calculated the principal-weighted Cat Adjusted Spread for three groups of bond since March 2013. This metric accounts for seasonality effects to give...

Retail investors – the third wave

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A new type of investor - the retail investor - is rapidly becoming a major force in the capitalisation of the reinsurance industry Following hurricane Katrina in 2005, over $5 billion was raised to create new reinsurance companies...

News review | October 20 2014

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ACE European Group president Andrew Kendrick has described the influx of new and alternative reinsurance capacity as a flood that "feels biblical in its proportions". He said the impact was now being felt outside of reinsurance....

Bermuda – in the firing line (NASA’s Dr Tim Hall)

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Bermuda is a small target, but Atlantic hurricanes like to take shots at it, and Hurricane Gonzalo has good aim. Updated midday, October 15th 2014 Gonzalo, the sixth hurricane of the 2014 season, is currently a major hurricane (Saffir...

News review | October 13 2014

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Pioneer Investment Management expects to deploy $400mn-$600mn through its new ILS Interval fund by year-end, principally in the reinsurer quota share market. Pioneer hopes Interval will have reached $1bn in size within the next two...

News review | October 6 2014

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Ascot and AIG have announced the opening of a new Bermuda-based catastrophe reinsurance platform. The move is expected to help AIG deploy its existing reinsurance capacity in a more focused way. Ascot Underwriting (Bermuda) will serve as managing...