Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Cat investors mull contingent capital offering

9 April 2010

A number of insurers have approached capital markets investors recently to secure contingent capital facilities that would trigger if a heavy 2010 cat loss year sparked a hard traditional market, Trading Risk understands.

UK insurer Hiscox and French reinsurer Scor are among those contemplating purchasing an option on a just-in-time capital injection that would boost balance sheets in a heavy loss year, according to sources. Other interested issuers include Continental European firms, Bermudian (re)insurers and US mutual insurers.

Investors are...

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