Archive for April, 2008

Munich Re have published their report on natural catastrophes in 2007 ‘Topics Geo Natural Catastrophes 2007‘ today. The report details all the major natural catastrophes from the past year and also contains information on: Monsoon season North Atlantic hurricanes Catastrophe portraits from Europe, U.S., Oman, Australia, UK and Japan The World Climate Conference in Bali […]

Colorado State University Department of Atmospheric Sciences has released its latest forecast for the 2008 Atlantic hurricane season. These forecasts tend to be some of the more accurate, Professor William Gray is highly respected in this area. The latest forecast predicts a well above-average season with an above-average probability of U.S. major hurricane landfall. The […]

There is an interesting article in Sundays Jamaica Gleaner which I though may interest the audience of Artemis. The Caribbean Catastrophe Risk Insurance Facility is a risk pool covering the Caribbean islands, it launched last year to support Caribbean governments in the event of catastrophic hurricanes and earthquakes by providing financial liquidity when a parametric […]

A.M. Best have announced today that they are extending their September 2006 methodology ‘Gauging the Basis Risk of Catastrophe Bonds‘ to cover the evaluation of basis risk for Industry Loss Warrents (ILWs) as well. The original methodology describes the criteria for estimating the basis risk of non-indemnity catastrophe bonds and working out the amount of […]

The IMF (International Monetary Fund) has released the bulk of it’s April 2008 World Economic Outlook today. Of particular interest is chapter 4 (PDF, requires Acrobat Reader) which contains data and commentary on the cat bond and weather derivatives markets. Four charts of particular interest are below: Read the full report here.

Just added to the Artemis Deal Directory are details of a new deal from Chubb Group using the SPV East Lane Re II. The three year deal covers multiple perils in the U.S. for Chubb and it’s Federal Insurance Company offshoot. S&P said it was the first cat bond including wildfire risks that they have […]

TFS Energy today announced its US and Australia-based weather derivatives division completed the first-ever auction in Asia on behalf of a client who was looking to diversify its weather exposure and to help build liquidity in Japan. Offers were solicited for cumulative average temperature futures and calls in Japan for the May – September 2008 […]