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S&P has withdrawn its ratings on Arch Reinsurance’s $256mn credit facility Flatiron, Hannover Re’s $200mn sidecar, Kepler Re, and Harbor Point’s $125mn vehicle Bay Point, while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

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

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

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

A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re failed to repay the principal at the 8 May redemption date, according to AM Best which downgraded and withdrew its

A surge in recession-related credit losses has “increased the default possibility” of Swiss Re’s $252mn credit reinsurance securitisation, Crystal Credit, prompting Standard & Poor

AM Best has taken rating actions on various tranches of Merrill Lynch’s innovative 2007 collateralised debt obligation (CDO) issue, Dekania. Dekania allowed smaller US and European carriers, in