Insurers’ catastrophe bond appetite remains healthy during Q1 2011 according to Aon Benfield ILS study
Aon Benfield Securities, the investment banking subsidiary of Aon Corporation (NYSE:AON), today releases its latest Insurance Linked Securities (ILS) report, which examines the key trends in the ILS sector during the first quarter of the year.
The report states that, currently, several catastrophe bonds with exposure to the Japanese event may be impacted by the earthquake and related seismic activity. Generally speaking, most catastrophe bonds with exposure to Japan earthquake risk traded lower in the quarter and, consequently, mark-to-market losses on these bonds drove total returns lower for the market. These trends were evidenced by the Aon Benfield ILS All Bond Index, which posted a negative two percent return for the three months ending March 31, 2011 compared to a positive 3.4 percent return for the same period in 2010.
Looking ahead, Aon Benfield Securities forecasts that Q2 2011 ILS issuance is likely to be lower than the year ago period, but does not expect a downward trend in ILS activity. The report also highlights that around USD2.4 billion of catastrophe bonds will mature during Q2 2011.
Paul Schultz, President of Aon Benfield Securities, said: “Aon Benfield Securities continues to see strong ILS interest from both issuers and investors, despite our expectation for lower second quarter issuance than in the same period in 2010. Catastrophe bonds will continue to be an important source of risk transfer capacity for U.S. perils, and potentially more important for non-U.S. risks given recent global events.”
|
|
|
|
Pensions Data Science Actuary | ||
Offices UK wide, hybrid working - Negotiable |
Head of Pricing | ||
London - Negotiable |
Global Specialty Pricing Actuary | ||
London - £95,000 Per Annum |
Client-facing DC investment manager | ||
London / hybrid 3 dpw office-based - Negotiable |
Financial Risk Leader - Bermuda | ||
Bermuda - Negotiable |
Aylesbury Actuaries | ||
Aylesbury / hybrid 3dpw office-based - Negotiable |
Make an impact in protection pricing ... | ||
London / hybrid 2 days p/w office-based - Negotiable |
BPA Implementation Manager | ||
North / hybrid 50/50 - Negotiable |
Head of Reserving | ||
London - £160,000 Per Annum |
In-force Longevity Actuarial Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Make a difference within reinsurance ... | ||
London / hybrid 2 dpw office-based - Negotiable |
Be at the cutting-edge of life & heal... | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Develop your career in life reinsuran... | ||
London / hybrid 2 dpw office-based - Negotiable |
Protection Pricing Actuary - Life Rei... | ||
London / hybrid 2 dpw office-based - Negotiable |
Life (Re)insurance Pricing Manager (P... | ||
London / hybrid 2 dpw office-based - Negotiable |
Take the lead: life & health reinsura... | ||
London / hybrid 2 dpw office-based - Negotiable |
Pricing Tools and Systems Developer | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Actuary | ||
London / hybrid 2 dpw office-based - Negotiable |
Shape the future of longevity | ||
London / hybrid 2 dpw office-based - Negotiable |
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.