• X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free trial
  • Log in

ILS

  • Axa Investment Managers (IM) has launched its first public catastrophe fund, the $100mn Gaia, underlining investor interest in insurance-linked assets.
  • German reinsurer Hannover Re has expanded its K6 sidecar vehicle by $152mn to offer $329mn of total capacity for its catastrophe retro business in 2010.
  • A tranche of Munich Re's $150mn Carillon Ltd US wind cat bond has become the latest in a quartet of Lehman Brothers-affected insurance-linked securitisations (ILS) to default.
  • US primary insurer Hartford Fire Insurance Co closed the first cat bond of 2010 with the launch of the $180mn Foundation Re III.
  • R&Q's £2mn acquisition of premium collection firm JMD Specialist Insurance Services last week is a "significant extension" to its traditional run-off business, according at Numis Securities.
  • Modelling agency Risk Management Solutions (RMS) launched its new Paradex US Earthquake (PUE) parametric index for estimating insured losses from US quakes last week.
  • Fitch Ratings has predicted that continued "strong" cat bond issuance will be tempered by a soft traditional reinsurance market in 2010.
  • US primary insurer Hartford Fire Insurance Co's cat bond, Foundation Re III, has almost doubled in size to $180mn in marketing and priced at the low end of expectations, our sister publication Trading Risk revealed last week.
  • Last week's SFr1.3bn transfer of a closed block of US life reinsurance business to Berkshire Hathaway (BH) continues to bemuse analysts and industry commentators alike.
  • A tranche of Munich Re's $150mn Carillon Ltd US wind cat bond has become the latest of a quartet of Lehman Brothers-affected insurance-linked securitisations (ILS) to default.
  • US insurer Hartford Fire Insurance Co has launched $100mn Foundation Re III – its third transaction in the Foundation series and the first insurance-linked security (ILS) of 2010.
  • Glacier Re, the private equity-owned (re)insurer that parted company with its founding CEO Robbie Klaus last year, is in talks to sell off the renewal rights of various parts of its business.