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Some $1.6 billion of new issuance catastrophe bond transactions – made up of five bonds – took place in the first quarter, according to Willis Capital Markets & Advisory (WCMA), part of re/insurance broker Willis Group Holdings.   20 May 2013
News
Sirius International Group, the Bermuda-based reinsurance unit of White Mountains Insurance Group, has formed a dedicated team to target the Insurance Linked Securities (ILS) reinsurance capital markets convergence arena.   15 May 2013
News
The Florida Municipal Insurance Trust (FMIT) has completed a $20 million three year catastrophe bond, called Sunshine Re 2013-1 that covers Florida named windstorms on a per-occurrence basis.   14 May 2013
News
The catastrophe bond market remains on course to potentially enjoy its most prolific year ever, despite apparent low levels of issuance in the first quarter.   8 May 2013
News
Aon Benfield Securities, the investment banking division of global reinsurance intermediary Aon Benfield, has appointed two new senior advisers.   3 May 2013
Insurance
A proposed flood insurance pool that would allow insurers in the Netherlands to offer flood coverage for the first time since devastating floods hit the region in 1953 could be operational by January 2014 if plans drawn up by a consortium of brokers are ratified by the Dutch authorities at a meeting on June 12.   1 May 2013
Insurance
American Coastal Insurance Company, the Florida insurer, has reportedly started marketing a cat bond that would provide it with Florida wind protection. This would be the first time that American Coastal will have used the capital markets to secure coverage.   1 May 2013
Insurance
Bosphorus 1 Re, a newly formed catastrophe bond shelf program that will provide protection to the Turkish Catastrophe Insurance Pool (TCIP), has placed its first tranche in the form of a $400 million cat bond.   1 May 2013
Insurance
Stephen Matthews has been appointed managing director of Guy Carpenter Securities   1 May 2013

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