Archive for May, 2008

Good article here from The Royal Gazette (Bermuda) discussing comments made at the International Reinsurance Summit the other day. Andre Logan of Ceres is quoted a fair bit and makes two relevant points; he says “insurers could also benefit by producing new products to address climate change risk.” And goes on to quote Warren Buffett, […]

This is an online copy of our monthly email newsletter which was sent out on Friday. If you’d like to subscribe and receive it regularly please fill out this form. Welcome to the May edition of the Artemis Newsletter, we hope you find it of value (and we welcome your feedback). There have been many […]

The atlantic tropical storm & hurricane season officially begins on June 1st (and runs until November 30th). With this in mind and as an added service to our readers we’ll be keeping a new page updated with all the latest information on active storms and seasonal forecasts. Visit the page at www.artemis.bm/2008_storm_season/ and bookmark it […]

Film financing has long been a dark art and very similar in methodology to reinsurance risk transfer and insurance securitization. A lot of the techniques employed are very similar and perhaps the two markets should be working more closely to share ideas and information? Interesting press release on a new fund for film financing here.

Brit Insurance has become the first London market insurance player to commence trading insurance-linked derivatives on the Insurance Futures Exchange Services platform (IFEX). This landmark announcement shows the important of markets such as this to allow insurers extra flexibility in managing their clients portfolios of risk. Dane Douetil, Chief Executive of Brit Insurance Holdings PLC, […]

Shinsai Partners, a Japanese insurer has started offering a parametric based quake cover for homeowners. Rather than the usual claims estimation process this policy pays out a small amount (Y50,000) to all holders living in an area of Japan which is subject to an earthquake that registers 6 or above on the Japanese earthquake intensity […]

The insurance press is awash with stories of catastrophe bond deals readying to be issued. Currently in the pipeline (according to the news) are a transaction dubbed Valais from Flagstone Re (rumoured by Reinsurance Magazine to be a $120m retrocessional catastrophe deal), a second issue in the Nelson Re series from Glacier Re, the next […]

The CME is expanding it’s locations for weather trading all the time. Today they’ve announced the addition of Oslo, Norway; Little Rock, Ark.; Los Angeles, Calif.; Colorado Springs, Colo.; Jacksonville, Fla.; Raleigh, N.C.; and Washington DC which brings the total number of locations for city temperature contracts to 42 (broken down as 24 in the […]

Both Renaissance Re and PartnerRe have held earnings calls for the first quarter of 2008 in the last few days. While these are usually unexciting these two have relevance as the media folk asking the questions got onto the topic of catastrophe bonds. Earnings calls are often a useful way to glean inside information on […]

This recent report from PartnerRe while being a very good demonstration of their expertise in this market is also an honest look at the pros and cons of insurance linked securities versus reinsurance. It gives a very good overview of the benefits of both and concludes that they apply to particular risk transfer needs in […]