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May 2009/1

  • ILS investors are so keen to diversify their holdings with non-catastrophe exposures that they may be willing to trade yield for greater choice. Speaking at the S&P European ILS conference on the 13
  • Swiss Re has confirmed that it will cease carbon trading and close its emissions trading desk, in a move first revealed by Trading Risk. The reinsurance giant is understood to also be moving its natu
  • S&P has withdrawn its ratings on Arch Reinsurance’s $256mn credit facility Flatiron, Hannover Re’s $200mn sidecar, Kepler Re, and Harbor Point’s $125mn vehicle Bay Point, while Mood
  • S&P has lowered its senior debt rating on Scottish Re’s life transaction Orkney Re II’s series A-2 notes to CC from CCC, citing declining mark-to-market asset values and doubts over the v
  • Credit Suisse Asset Management (CSAM) is set to launch a $65mn dedicated life insurance linked securities (ILS) fund, demonstrating the resurgent popularity of life risk trading. The fund – cal
  • Will investor demand for long-tail macro longevity risk be sufficient to meet the anticipated supply from corporate pension funds in the wake of Babcock International Group’s planned £750mn lon
  • Despite mutterings of discontent in some corners of the investor community on loss-stricken liability cat bond Avalon Re, secondary market pricing still reflects only an anticipated partial loss on t
  • The renewal of Hannover Re’s hybrid sidecar vehicle - $133mn Globe Re – has been stalled by a “huge gap” between pricing in the traditional and capital markets, Trading Risk c
  • Leading ILS investor Nephila Capital and a subsidiary of Allianz Risk Transfer (ART) have tapped two investors for an extra $200mn to deploy during the 2009 US wind season. The two ILS-specialist fir
  • US military mutual insurer and ILS stalwart USAA has increased the size of its thirteenth consecutive cat bond, Residential Re 2009, by $90mn - to $240mn - Trading Risk can reveal. Goldman Sachs, whi
  • Secondary market pricing on two Ike-exposed cat bonds - Allianz’s $120mn Blue Coast and Glacier Re’s Nelson Re Class G notes - fell by an average 12 percent in the first quarter of 2009,
  • We are enormously proud of both the high calibre and the quantity of entries we received for the inaugural Trading Risk Awards 2009. The level and quality is exceptionally high and choosing the short