ILS

Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.

Goldman Sachs partner Michael J. Millette was heralded as the Outstanding Contributor of the year at the inaugural Trading Risk awards dinner on the 25 June, held in London.

Allen Stanford, CEO of fraud-hit banking and investments group Stanford Financial, was accused of running a $7bn scam to defraud investors, as the FBI filed criminal charges against the colourful Texan and several of his associates.

The head of Swiss Re's capital markets unit has become the most high profile casualty in the ongoing overhaul of the reinsurer’s insurance-linked securities (ILS) operations...

The great and the good of the convergence sector are dusting off their dinner jackets in preparation for the inaugural Trading Risk 2009 awards later this week, with competition fierce for the eight award categories.

Head of Swiss Re’s capital markets unit, Dan Ozizmir, has become the most high profile casualty of Swiss Re’s ongoing overhaul of its insurance linked securities (ILS) operations, our sister title Trading Risk has revealed.

Swiss Re's move to sell its US asset management arm Conning & Co to Jeff Greenberg-run private equity firm Aquiline Capital Partners LLC will help increase its capital buffer as it refocuses on its core business and pushes for a return to an AA rating.

Despite the World Health Organization (WHO) declaring a global swine flu pandemic last week, secondary market prices for mortality bonds remained stable.

Cat bond issuance is well on course to meet market estimates of $3bn for the full year 2009 after a flurry of activity in the insurance-linked securities (ILS) sector – which has stormed back after the impasse caused by the Lehman Brothers collapse.

New sidecars from RenaissanceRe, Nephila Capital and Flagstone were on the road in time for the official 1 June start of the 2009 hurricane season, proving the exception to the rule as a number of other vehicles failed to get off the starting grid.

Credit Suisse Asset Management (CSAM) has launched a $65mn dedicated life insurance-linked securities (ILS) fund, as the resurgence in life risk trading continues.

Blue Coast and Nelson Re trade down; Ajax Re latest Lehman TRS bond default; Babcock in ILS first with pension longevity swap