ILS

Investment bank JPMorgan completed an innovative longevity hedge last month, with capital markets investors welcoming its short-term duration.

As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm yesterday (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses, our sister title Trading Risk revealed

As Cyclone Yasi bore down on Australia's Queensland coast as a Category 4 storm today (2 February), brokers transacted livecat industry loss warranty (ILW) deals for traders seeking to hedge against losses.

Cat bond pricing is set to fall in line with traditional rates in 2011, according to Aon Benfield's investment banking arm

Catastrophe retro vehicle expecting EUR50mn in losses

Newton Re 2008-1 defaults on its final payment

Standard & Poor's (S&P) has downgraded four Japanese insurers including Tokio Marine & Nichido Fire Insurance after lowering Japan's sovereign rating

Collateralised reinsurance fund manager Catco invested almost 100 percent of its $80.4mn start-up capital at the 1 January renewals, just weeks after launching.

Bermuda-headquartered Catlin Group's 2008 cat bond Newton Re 2008-1 has defaulted on its final payment, prompting rating agency AM Best to downgrade and withdraw its ratings on the Class A notes.

Major insurance-linked investor Credit Suisse Asset Management (CSAM) has withdrawn more than $400mn of industry loss warranty (ILW) capacity as pricing falls, The Insurance Insider can reveal

All major cat bond managers predict a re-run of $5bn+ cat bond issuance for the coming year, even in the absence of heavy cat losses, research by sister title Trading Risk shows

US wind prices on industry loss warranty (ILW) contracts have dropped by as much as 20 percent for certain triggers after the close of the hurricane season, according to broker Aon Benfield Global ReSpecialty.