Archive for June, 2008

The Bermuda International Business Association attended the Hedge Fund World Global Opportunities Conference in New York and spoke on the convergence of reinsurance and capital markets. They discussed the topic and and the benefits of doing business in Bermuda due to its reputation as a centre of innovation in our markets. It was a good […]

It’s recently come to light through a 10Q report that back in March Montpelier Re invested in a hurricane option on seasonal futures traded in the Chicago Mercantile Exchange in an effort to protect itself from exposure to eastern U.S. hurricanes during the hurricane season (1st June – 30th November. The maximum recovery under the […]

Swiss Re have published a new report on the topic of risk finance for governments, development banks and relief organisations. They say the focus must be on pre-event financing rather than post-event. They cite the new generation of sovereign insurance instruments which can make risk transfer easier for governments, allowing them to deliver immediate relief […]

Allstate (NYSE:ALL) have closed their second catastrophe bond deal under the Cayman Islands domiciled Willow Re. The $250m deal provides Allstate with 3 years protection against windstorms in Texas. The deal is structured such that it would be triggered based on industry losses. Last year they issued $250m through Willow Re to cover themselves from […]

WeatherAction are a high profile weather forecasting consultancy run by Piers Corbyn. They are renowned for their levels of accuracy in longrange forecasting by some and have been widely published although they do have their detractors. They’ve been trialling some new extreme event forecasts the latest of which was released yesterday: Piers Corbyn of WeatherAction […]

Very soon we’ll be launching a new feature on Artemis called MarketView. This will be a set of combined company and personnel directories enabling you to have your details listed to help raise the profile of your business to the market. Artemis MarketView aims to provide a comprehensive listing of organisations and their personnel who […]

Risk Management Solutions (RMS) have started posting their catastrophe updates online for free (accessible here). It makes for a fantastic resource of expert opinion on catastrophes and we’d advise it becomes one of your bookmarks!

Florida officials have approved the issue of $625m in bonds to enable the Florida Hurricane Catastrophe Fund to pay claims from Hurricane Wilma in 2005. Floridians will pay surcharges on their insurance policies for two years to pay off the bonds. The fund seems to be struggling these days. Perhaps it needs rethinking rather than […]

Munich Re have released a new publication which is well worth reading titled ‘Climate Change in Central Europe‘. It details the increasing incidence of weather related natural catastrophes in central Europe and says the evidence is mounting that this is due to climate change. Loss potential in Europe from these events is growing and as […]

Standard & Poor’s has assigned preliminary ratings to the recent Globe Re sidecar from Hannover Re. The deals tranches have been rated as below: Class A – BBB- Class B – BB Class C – B Full details of the transaction are in the Deal Directory.