Financial markets are showing some signs of volatility these days after exceptionally low indicators since the start of the 2017. The Chicago Board Options Exchange Volatility Index, or VIX, is at its highest level this year. The VVIX Index, which …
The World Bank Group issued its largest catastrophe bond, providing Mexico with financial protection of as much as $360 million against losses from tropical cyclones and earthquakes. Mexico is among the countries most vulnerable to natural disasters, the bank said …
Catastrophe bond issuance during the second quarter stood at US$6.38 billion across 20 transactions – a new record for quarterly issuance that surpassed the previous record of US$4.49 billion set in Q2 2014, according to a report issued by Aon …
Non-life insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, according to a report by Willis Towers Watson Securities, the investment banking business of Willis Towers Watson. …
Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …
Neon announced it has hired Mark Gibson as Reinsurance and Alternative Capital director, reporting to Managing Director Ian Martin. Gibson is responsible for developing Neon’s outwards reinsurance program and third party capital strategy. With 30 years’ experience in the sector, …
Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis Re in a recent report. Indeed, underlying loss and expense ratios for many reinsurers are showing a worrying trend of …
AlphaCat Managers Ltd., the Bermuda-based subsidiary of Validus Holdings Ltd., announced the appointment of Bernard Van der Stichele to the position of portfolio manager for AlphaCat. In this new role, Van der Stichele will report to Lixin Zeng, chief executive …
Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published by JLT Re. JLT Re cited its Risk-Adjusted Florida Property-Catastrophe (ROL) Index which fell by 5.1 percent this year. This …
Catastrophe bond issuance made a robust start during the first quarter of 2017 with seven catastrophe bond transactions that totaled US$2.17 billion, according to a report from Aon Securities, the re/insurance investment banking division of Aon Benfield. These transactions are …
