February 2008/2

RK Carvill has confirmed that Deutsche Bank will provide Standard & Poor's AA rated security to hurricane derivatives transformed into reinsurance contracts through transformer vehicle Mount Prospect Ltd.

The US Securities and Exchange Commission (SEC) plans to turn its sights on the hedge fund community as a target for future investigations into business practices.

Swiss Re has closed its $85mn GlobeCat transaction, providing one year of cover for Central American earthquake and six years for Californian earthquake and US windstorm.