AIR Worldwide models risks for $10b of catastrophe bonds

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AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued and in 2009 they have provided risk modeling and calculation agent services to all the deals issued so far.

That’s pretty impressive! AIR Worldwide say they have provided services to 47 transactions to date. We have details on many of these deals, however we only know that AIR Worldwide worked on 24 of them according to our sources at the time (those deals detailed below). We have many deals in our Deal Directory, if you (or anyone at AIR Worldwide) would like to tell us which ones make up the other 23 we’ll update the directory accordingly.

SPVIssuerDate
Blue Fin LtdAllianz ArgosMay-09
Mystic Re IILiberty MutualMar-09
East Lane Re IIFederal Insurance CompanyFeb-09
Atlas Re VScorFeb-09
Blue Coast LtdAllianz Risk TransferJul-08
Caelus Re LtdNationwide Mutual Insurance Co.Jun-08
Willow Re LtdAllstateJun-08
Nelson Re Ltd (2008-1)Glacier ReJun-08
Globe ReHannover ReMay-08
Muteki LtdZenkyorenMay-08
East Lane Re IIFederal Insurance CompanyApr-08
Willow Re LtdAllstateJun-07
Gamut ReNephila CapitalJun-07
East Lane Re LtdChubb GroupApr-07
Vasco Re 2006Balboa InsuranceJun-06
Mystic Re LtdLiberty MutualJun-06
Carillon LtdMunich ReMay-06
Helix ’04 LtdConveriumJun-04
Residential Re 2004USAAJun-04
Trinom LtdZurich ReJul-01
NeHi IncVesta Fire Insurance CorporationJul-00
Residential Re 2000USAAJun-00
Juno ReGerling Global Ruck AGJul-99
Domestic Inc.KemperMar-99

You can view details on all the above catastrophe bond deals and many more in the Artemis Deal Directory.

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