March 2010

Swiss Re to issue first Perils-based cat bond 09 March 2010

Swiss Re is preparing a new catastrophe bond, which will be the first cat bond to use Perils AG as a benchmark for losses.

February 2010

Convergence Quarterly: ILS outlook for 2010 12 February 2010

Fresh off the back of the busiest ever fourth quarter for cat bonds, insurance-linked securities activity is predicted to be high in 2010. Reactions' Convergence Quarterly section includes all the cat bond data from 2009.

January 2010

Hartford’s Foundation III cat bond completed 29 January 2010

A catastrophe bond to provide The Hartford with protection against east and Gulf Coast US hurricanes has been completed.

Hannover Re increases K6 deal by $152m 27 January 2010

German reinsurer Hannover Re has securitised more natural catastrophe risk through its K6 transaction.

Caribbean risk fund to pay out $8m to Haiti 13 January 2010

The Caribbean Catastrophe Risk Insurance Facility, a regional risk pooling facility, is preparing to make a payout to the Government of Haiti as a result of yesterday’s earthquake.

Hartford’s upcoming cat bond gets S&P rating 13 January 2010

An upcoming cat bond that will cover US insurer The Hartford against US hurricane risk has been rated by S&P.

$825m ING collateral deal reopens XXX market 12 January 2010

An $825m collateral transaction for ING Insurance has reopened the Regulation XXX securitisation market.

Cat bond spreads fall more than 25% in Q4 08 January 2010

The fourth quarter saw a big fall in cat bond spreads, according to a report issued today by reinsurance broker Aon Benfield. This trend was especially seen in the US wind and multi-peril sectors, which decreased by 36% and 26% respectively on a non-seasonal adjusted basis.

Harbor Point renews retro sidecar New Point 07 January 2010

Bermudian reinsurer Harbor Point has announced that its affiliate, New Point Re is continuing to offer collateralised retrocessional reinsurance coverage for contracts taken up from January 1 2010 onwards.

Recovered cat bond market could exceed $5bn issuance in 2010 07 January 2010

The catastrophe bond market recovered in 2009, with issuance returning to the pre-crisis levels, says Munich Re in a briefing.

ILS activity set to remain high in 2010: RMS 06 January 2010

Last year saw the most active fourth quarter ever for catastrophe bond issuance and insurance-linked securities (ILS) activity looks set to remain high in 2010 as a record volume of catastrophe bonds mature, according to risk modelling firm RMS.

Swiss Re extends Redwood programme 05 January 2010

Swiss Re, the world’s second-largest reinsurer, has completed a $150m catastrophe bond deal to protect it against Californian earthquake risk.