Monthly Archives: March 2015

News review | March 31 2015

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Veteran insurance chief Richard Brindle is set to head up a new $2 billion insurance venture on the Island. The former CEO of Bermuda-based Lancashire Holdings will lead Fidelis Insurance Holdings, according to reports. The new firm...

Cat bond pricing stabilises – for now

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Data from recent deals indicates that catastrophe bond prices have stabilised over the last 12 months. Has the market finally reached the bottom or is it just pausing for breath? Cat bond spreads fell by close to 50% over two...

News review | March 24 2015

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The UK Government's bid to make the country an international hub for insurance-linked securities has been widely welcomed. The plans to develop a new competitive corporate and tax structure for ILS were announced by Chancellor George Osborne's budget...

News review | March 16 2015

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Allstate has launched a seven-year Sanders Re cat bond transaction, which would be one of the longest lasting nat-cat bonds ever. The $130m US multi-peril deal will cover named storms and earthquakes, excluding Florida from the coverage...

Perspectives – Lloyd Dixon, RAND Corporation

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In the second of our two part series on terrorism, we spoke to Lloyd Dixon, senior economist at the global policy think tank, RAND. We asked him about the recent changes to the US terrorism insurance legislation, the Terrorism Risk Insurance...

Too many terrorists spoil the plot

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As spies have become more sophisticated, terrorists have had to find new ways to terrorise people. The public has been surprised to discover the extent to which they are spied on by their own governments. But according to Dr Gordon...

News review | March 10 2015

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One of the first reinsurance sidecars, Olympus Re, is being voluntarily wound up 14 years after it was created. It suffered crippling losses and downgrades after Hurricane Katrina and was initially backed with $500m in capital from...

Live from New York: SIFMA 2015

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The leaders of the global ILS community are braving the New York freeze this week for the annual SIFMA conference. InsuranceLinked will be covering the event in a live blog. Last month was New York's coldest February since 1934....

News review | March 2 2015

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Hedge fund reinsurer Third Point Re has reported a net loss of $14.7m for the fourth quarter of 2014 and a 77.8% drop in full-year income to $50.4m. Chairman and CEO John Berger blamed the disappointing result on challenging investment...