Archive for May, 2008

Amlin plc, the leading Lloyd’s insurer, today announces its intention to form a new Investment Management Partnership with John Wells and Luca Albertini. John Wells will become its Chairman and Luca Albertini its Chief Executive. The new venture, which is subject to FSA authorisation, will manage funds focused in traded insurance risk. It is intended […]

IFEX (the Insurance Futures Exchange) says that the Chicago Climate Futures Exchange is to list 2nd event tropical storm contracts from today. The CCFE only lists 1st event tropical wind linked futures until now. They say if 1st event loss trigger levels are reached they may list a 3rd event series of triggers as well. […]

Interesting idea from the Irish Examiner: Weather futures may be safer bet for pension funds IN the crazy world of futures investment, pensioners are even betting on the weather. Globally, pension funds are estimated at $18.6 trillion, and about $80 billion if this is thought to be invested in commodities, much of it in futures […]

Standard & Poor’s recently held a conference titled “Insurance-Linked Securities Conference: Current Trends and Future Prospects for ILS”. A panel of highly respected speakers within the market were present including Shiv Kumar of Goldman Sachs, Peter Nakada of RMS, Beat Holliger of Munich Re Capital Markets and Gary Martucci of S&P. The main take out […]

The ISO (Insurance Services Office) has announced that U.S. property/casualty insurers are expected to pay out approx $3.35 billion for losses resulting from catastrophes in the first quarter 2008. Eight of the losses were natural catastrophes and represent the greatest frequency in the first quarter since 1999, the insured property loss however is the greatest […]