by solidum | Apr 28, 2016 | Uncategorized
Today investors in certain ILS structures are cosily told about the risks that they will assume – non-correlated to the capital markets, well selected, well modelled and part of a well-diversified portfolio. Whereas it is doubtlessly explained that events can and...
by solidum | Mar 1, 2016 | Uncategorized
Solidum has again profited from trading in distressed Cat Bonds, this time it was the Multicat Mexico C tranche. Through superior and timelier knowledge Solidum was able to purchase a few million of the notes at 20 cents for them to increase in value to close to 50...
by solidum | Oct 7, 2015 | Uncategorized
Casting one’s mind back to the heady premium days of post Katrina / Wilma, life for the reinsurance market, including the nascent ILS market, was good. It was what in the industry is called a ‘hard market’, a market where terms are hard i.e. high premiums combined...
by solidum | Sep 9, 2015 | Uncategorized
Cat bond market as a proxy for the general ILS market: While the reinsurance (RI) market is generally transacting privately and objective market pricing data is hence not readily available (the global reinsurance brokers collect renewal information through their...
by solidum | Sep 4, 2015 | Uncategorized
Northern Rock started of life in the mid-1800s as a UK building society, providing savings and mortgages. As with many building societies in the 1990s it became a bank. It continued to provide mortgages for its customers financing itself in the capital markets. In...
