ILS

Price indications on cat bonds continued to fall last week, underlining fears in the insurance-linked securities (ILS) sector that a number of the $1.4bn outstanding capacity exposed to Japanese earthquake risk would be triggered by the 11 March earthquake.

International direct and facultative (D&F) property underwriters are looking at a claim of at least 10bn yen ($120mn) from the East Japan Railway Co (JR East) following the 11 March disaster, although sister publication Inside FAC understands the final loss may be a multiple of this figure.

Ariel Holdings subsidiary Atrium Group is proposing a merger of syndicates 570 and 609 on the retirement of the former's active underwriter Kevin Wilkins in March 2012

Between $50mn and $100mn of Japanese earthquake industry loss warranties (ILW) traded shortly after the 11 March catastrophe that struck northeastern Japan, our sister publication Trading Risk has revealed.

Bermudian (re)insurer Aspen Insurance Holdings has revealed it will take $90mn in first-quarter losses from the Australian floods and second New Zealand earthquake.

Pricing on Japanese-exposed cat bonds has dived following Friday's (11 March) devastating earthquake and tsunami, although confusion still reigns over which bonds may face actual losses

A total of nine cat bonds with a combined value of $1.56bn are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the north-east of the country on 11 March.

Hannover Re's $329mn K6 sidecar will cover one third of the firm's catastrophe-related gross losses from the New Zealand earthquakes, which means it could bear a hit of up to EUR125.5mn.

A total of nine cat bonds, with combined value of $1.56bn, are exposed to Japanese earthquakes and risk being triggered by the magnitude 8.9 temblor that struck the North-east of the country today (11 March).

Amlin has increased its investment in insurance-linked securities (ILS) funds managed by Leadenhall Capital Partners to $111.9mn in 2010

Almost $50mn of additional "cold-spot" industry loss warranties (ILWs) have traded in 2011 in the wake of losses in Australia and New Zealand, Trading Risk has learned

A strong start to the year for the convergence market