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