credit crunch

The results of the most recent annual survey by the Weather Risk Management Association and Pricewaterhouse Coopers have been released at the WRMA conference yesterday. Here are some of the highlights of the report which covered the period April 1st to March 31st. Volume of contracts exchanged, both in OTC and exchange traded deals plummeted to […]

Moody’s has placed the notes of Genworths‘ River Lake Insurance Company IV Ltd. subordinated notes on review direction uncertain. The River Lake IV transaction was initiated by Genworth to provide it with reserve relief under Regulation XXX. While not strictly a life insurance securitisation, the deal was supposed to provide Genworth with a source of […]

Despite 2008 being a year of economic upheaval with the credit crunch biting and fluctuations in prices of almost every asset or commodity you can think of, catastrophe bonds have really not fared too badly. If you look at stock markets and commodities, most are down on the start of the year. Let’s take a […]

Bloomberg is carrying another article discussing the current lack of interest in catastrophe bonds from an investment point of view. The current economic climate combined with the collapse of Lehman Brothers has caused a massive drop in investor confidence and reluctance among issuers to launch new deals. A side effect of that and much discussed […]

At times like these any source of background data and information is welcome to help understanding of the impact of the credit crisis on your markets. With stock markets declining, oil prices falling by the day, businesses folding and consumer confidence waning how will this impact the reinsurance and insurance markets? Well the Geneva Association […]