November 15, 2011
Regulators should focus on insurers’ role in markets outside their traditional sphere, as such activities could worsen the economic impact of companies in the sector going bust, the International Association of Insurance Supervisors said in a report on Tuesday. The …
November 9, 2011
Swiss Re has obtained a further $130 million in protection through the Successor X Ltd. catastrophe bond program, which covers exposures to “North Atlantic hurricane and European windstorm.” Swiss Re noted that this is the fifth time that it “has …
October 14, 2011
Standard & Poor’s Ratings Services announced that it has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CC(sf)’ from ‘CCC(sf)’ and removed the rating from CreditWatch, where it was placed with negative implications on Oct. 4, 2011. …
September 7, 2011
According to Swiss Re’s study – “The fundamentals of insurance-linked securities” – some 15 years after they were introduced, the “market for insurance-linked securities (ILS) is poised for continued growth as re/insurers, governments and corporations continue to access capital market …
August 28, 2011
While people in New York and the rest of the U.S. East Coast on Friday were buying batteries and water ahead of Hurricane Irene, some investors were more focused on placing their bets just in case this really is “the …
August 15, 2011
Oakland-based catastrophe modeling firm EQECAT has provided risk modeling services to Electricité Réseau Distribution France S.A. (ERDF) for the issuance of a €150 million [$216 million] catastrophe bond transferring European windstorm risk to the capital markets. ERDF is the largest …
July 14, 2011
A new report from Willis ILS – Investors Eager for Cat Bonds Following Light Second Quarter Issuance – concludes that, despite, or perhaps due to the catastrophes experienced during the first quarter of 2011, investors are showing renewed and increasing …
July 12, 2011
Standard & Poor’s Ratings Services today has removed its ratings on 10 natural peril catastrophe bonds from CreditWatch with negative implications. S&P also said it has lowered its “ratings on six of the bonds and affirmed our ratings on four” …
June 28, 2011
Standard & Poor’s Ratings Services has lowered its rating on Mariah Re Ltd.’s Series 2010-1 notes to ‘CCC+(sf)’ from ‘B(sf)’. S&P has also revised the CreditWatch status of the rating on the notes to developing from negative. “We placed the …
June 16, 2011
A string of earthquakes in New Zealand is sending tremors through the global insurance market with some companies delaying underwriting policies and others turning to capital markets to offset the risk of pile-on damage and costly claims. “Although there has …