ILS

Rating agency Fitch said its concerns over reinsurers' ability to tap capital markets following a significant catastrophe have "sufficiently eased", after revising its outlook on the global reinsurance sector from negative to stable.

The insurance-linked securities (ILS) market continued its recovery last week with $220m in further bond issuance announced.

Industry loss warranty (ILW) volumes in Q4 have been boosted by livecat trading during October's Typhoon Melor and the purchase of Europe-exposed and US quake peril contracts.

The industry loss warranty (ILW) market was finally able to settle contracts impacted by the 2008 US hurricane season after PCS finalised its industry onshore loss estimate...

French reinsurance group Scor is understood to be contemplating a new cat bond in the Atlas series, while leading ILS manager Goldman Sachs is working on three ILS...

Malawi and Caribbean countries may be the next to access the World Bank's new ILS template for developing nations, after the $290mn MultiCat Mexico 2009 transaction closed.

French reinsurance group SCOR is contemplating the launch of a new Euro wind and Japanese earthquake cat bond, as a renewal of its maturing EUR120mn Atlas III transaction, our sister publication Trading Risk revealed last week.

The convergence market's uneasy relationship with US liability perils should be rethought, as the prospect of a new era of tort expansion will create opportunities for the sector.

Luzi Hitz, CEO of European catastrophe information aggregator Perils AG, said the company's plans to provide a European industry-wide loss index will boost capacity in the European insurance-linked securities (ILS) and industry loss warranty (ILW) markets

The World Bank is launching a catastrophe bond issuance platform to give governments and other public entities access to international capital markets for natural catastrophe insurance.

Amlin-backed dedicated ILS investor Leadenhall Capital Partners has launched two $50mn Irish-based funds.

Amlin-backed dedicated ILS investor Leadenhall Capital Partners has launched two $50mn Irish-based funds.