Principal Michael Stahel is director and head of insurance-linked investments (ILS) for Clariden Leu Alternative Investments in Zurich. Prior to Clariden Leu, Stahel worked for Swiss Re in various
Moody’s withdrew its credit rating on hundreds of millions of Protective Life insurance linked securities (ILS) while at the same time confirming the credit worthiness of a similar structure
Glacier Reinsurance said in a conference call this week that it plans to trigger a $67.5 million portion of the Nelson Re catastrophe bond as a result of losses
Insurers will need to look beyond traditional sources of capital — such as reinsurance and stock sales — and mull alternatives if they want to successfully navigate the market over the next
The influence of any single catastrophe modeling firm within insurance linked securities (ILS) only tells a piece of the market’s story, according to industry professionals. While working on new
Non-governmental organization (NGO) Oxfam is currently working with a New York-based consulting firm to explore the possibility of using capital markets structures within the context of index insurance
Fund managers and firms looking to pool life settlement policies need to have a better understanding of the consequences if a carrier goes belly-up, according to speakers at the
Ratings were withdrawn for several of Genworth Financial’s life securitizations last week in what may be the first of many such actions for the life industry. The four structures
The California Earthquake Authority (CEA) has upped its reinsurance capacity by more than $200 million by increasing the allocation to nine companies, including two new reinsurance hires. Despite success in
The World Bank has held discussions with at least ten developing countries about potentially using the bank’s newly announced “MultiCat” program and expect several new issuers in the near
The public/private group responsible for developing a Global Earthquake Model (GEM) has launched an online survey that it hopes will help set the parameters for the open source project.
Dedicated managers and reinsurers kept the catastrophe bond market in recovery for the third quarter, but their appetite will need to be veracious for the next three months in order
