Catastrophe bonds
Cat bonds can help combat the systemic risks of CCPs
Bonds could pre-fund CCP default funds and higher margins during market stress, authors argue
Extreme mortality bond issuance predicted to expand as spreads tighten
Successful placement of SCOR bond indicates increased investor appetite for life risk
Cat bond ‘lite’ structures raise contamination risk and insolvency fears
Investors and lawyers voice concerns about using segregated accounts structure to issue streamlined cat bond instruments
Cat bond sponsors tempt investors with diversified perils and geographies
Innovative structures seek to break dominance of US wind peril over ILS market
Asia-based cat bond issuance unlikely
A catastrophe bond from an Asian-based issuer is unlikely in the near term due to the high cost relative to traditional reinsurance
Cat bond market poised to boom in 2013
Bond boom
Value of multi-peril cat bonds challenged
Combining uncorrelated perils does not necessarily make bond more attractive and presents valuation challenges, say bankers
Cat bond issuance this year could rival record 2007
New sponsors contribute to near-record first-half activity setting optimistic mood for rest of the year
Record Q1 for cat bonds as pension funds increase capacity
Record Q1 for cat bonds as pension funds increase capacity
Cat bonds set for boom year as new investors eye market
Despite a subdued level of activity in 2011, the cat bond market is expected to boom this year as new investors pile in and rates harden in the traditional reinsurance market. Thomas Whittaker reports on how the cat bond market is evolving
Sovereign debt crisis spurs investment in cat bonds
Life insurers and pension funds using insurance-linked securities as diversifier, as deal activity jumps in fourth quarter
Cat bonds poised for recovery after depressed year
Disaster recovery
Cat product to transfer oil spill risk to capital markets
Catastrophe product looks to capitalise on perceived investor appetite for oil spill risk
Catastrophe bond issuance may resume in fourth quarter, say experts
Waiting out the storm
Catastrophe bonds hit by Japan earthquake
Catastrophe bonds hit by Japan earthquake
Japan earthquake raises cat bond uncertainty
Japan earthquake raises cat bond uncertainty
Catastrophe bonds hit by Japanese quake
Investors ponder short- and medium-term effects earthquake could have on cat bond market
New year could see indemnification ILS deal
A new indemnification insurance-linked securitisation is under way and could put an end to a post-crisis dry spell in life ILS early next year
Cat bonds set to become new face of structured credit, say Axa chiefs
Two senior heads at Axa Investment Managers anticipate escalating demand for catastrophe bonds.
World Cup trades hit fever pitch
As the dust settles on the World Cup and those that bought televisions on the basis that their national football team would win the tournament wonder how to match their rash expenditure with reality, Richard Jory reviews the copious research supporting…