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With extreme weather & climate related losses rising fast, as exposures grow, more violent extremes occur and industrialisation of emerging economies continues, investors and regulators are set to place increasing importance on corporate climate risks.

The 11th March earthquake which struck Japan causing hundreds of billions of dollars worth of damage and killing tens of thousands of people also made an impact on the catastrophe bond market, particularly on the pricing spread between their bid and ask prices.

For our latest updates read our article from the 18th March. We’ve decided to continue to have a single page dedicated to reporting relevant items related to the Japan earthquake and tsunami disaster and aftermath. We expect updates to slow to this page but feedback from readers has been so positive we’ll keep it up […]

For our latest updates read our article from the 17th March. We’re going to continue updating you on the situation in Japan after last Friday’s devastating earthquake and tsunami on this page today. We expect updates to be less frequent today. You can find some of the important updates from late yesterday at the bottom […]

We’ve performed some analysis on the catastrophe bond transactions which have exposure to Japanese earthquake risks to try to give our readers a better impression of the likelihood of any of them suffering a loss after Friday’s massive earthquake and tsunami. It’s proved difficult, as some of the cat bond transactions have minimal information available […]

Standard & Poor’s, the rating agency, have issued a briefing regarding the ratings of six of the catastrophe bonds exposed to todays Japanese earthquake. The ratings on the six cat bonds which S&P had assessed will remain unchanged for the time being.

Update: Further information on these cat bond transactions can be found here. There are a number of outstanding catastrophe bond transactions (totalling around $1.5 billion) which look like they are exposed to Friday’s earthquake in Japan as far as we can tell from our Deal Directory information. Whether any of these will be triggered is […]

To date the catastrophe bond market has not really taken off in Asia. There have been a number of transactions which have included Japanese quake and typhoon risk (such as Fhu Jin Ltd., Midori Re, Fujiyama Ltd. and the Atlas Re series a portion of which cover Japanese risks). However no cat bonds have been […]