The catastrophe bonds AIR Worldwide provided risk modeling for

by Artemis on September 27, 2008

AIR Worldwide released a press shot this week announcing that so far this year they have provided risk modeling and analytical services for $2b worth of catastrophe bonds. The press release doesn’t (unfortunately) detail all the deals that have contributed to this number so I thought I’d provide a list of the ones we know about. If anyone from AIR would like to fill in the gaps we’d be very grateful.

Deal Details Date
Blue Coast Ltd. Allianz Risk Transfers deal to transfer U.S. hurricane risks to the capital markets. Jul ’08
Caelus Re Ltd. Nationwide Mutual Insurance Co. gaining cover for first and subsequent U.S. hurricanes and earthquakes, including fire following, on a per occurrence basis Jun ’08
Willow Re Ltd. A deal providing Allstate with 3 years protection against windstorms in Texas on a per-occurrence basis. Jun ’08
Nelson Re Ltd. A deal providing Glacier Re with three years of cover for U.S. windstorm, U.S. earthquake and Euro windstorm. Jun ’08
Globe Re Globe Re will assume a majority share of the premiums and losses on some Hannover Re’s U.S. property catastrophe reinsurance contracts with clients. May ’08
Muteki Ltd. The deal covers Zenkyoren against Japanese earthquake risks. May ’08
East Lane Re II Chubb Group’s second deal in the East Lane series protecting them against multi-perils. Apr ’08

For more details on any of these deals visit our Deal Directory, and if you’d like to provide information to help us expand the coverage of our directory then please do get in touch.

You can read the full press release from AIR Worldwide here.

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