Monthly Archives: January 2016

News review | February 01 2016

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The relatively low levels of cat bond activity in the fourth quarter of 2015 could be due to the fact that sponsors had the flexibility to delay issuance until Q1 2016, either to obtain better execution or avoid transaction crowding. This is according...

Davos – What a difference a year makes

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At last month’s World Economic Forum in Davos, many of the world’s most influential people (and Bono) spent the week discussing humanity’s most significant challenges. Delegates found that this year's biggest challenges were very...

News review | January 25 2016

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XL is set to raise its targeted $300m of reinsurance cover from a new Galileo Re cat bond as pricing on the deal fell below the original marketed range. The insurer managed to push the insurance-linked coupons on each of the three...

Rates fall more slowly

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Data from brokers shows that property reinsurance rates have continued to fall in 2016 but more slowly than in previous years. At the key January renewal season reinsurance, retrocession and industry loss warranties experienced...

News review | January 18 2016

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Billionaire investor John Paulson's joint venture with Validus, PacRe, has stopped writing new coverage. PacRe was started in 2012 with $500 million in capital. Validus said third-quarter investment results included $40.7m in realised...

News review | January 04 2016

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As of 1 January 2016 the new risk-based European supervisory framework for insurance – Solvency II – has become applicable. Gabriel Bernardino, Chairman of the European Insurance and Occupational Pensions Authority (EIOPA), said:...

Steady as she goes

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Last month, billionaire investor, Carl Icahn, noted that "unfortunately... the meltdown in high yield is just beginning". While junk bond yields have soared, reinsurance rates have continued to decline. These two opposing forces could...