Archive for June, 2008

The WRMA (Weather Risk Management Association) annual meeting finished today and during the proceedings they announced some of the results of their latest annual weather risk market survey they undertake with Pricewaterhouse Coopers LLP. Top level findings are below; we’ll publish more as we have them: The market experienced good growth for 2007-2008, with the […]

Glacier Re have launched a new catastrophe bond under their Nelson Re cat bond shelf facility. The $180m bond provides three years of protection to Glacier Re for U.S. windstorm, earthquakes and European windstorm. Details of this deal can be found in our Deal Directory.

Risk Management Solutions has just issued a press release announcing that they performed a review of the risk analysis processes used for the recent Valais Re deal from Flagstone Reinsurance Ltd. Flagstone’s underwriting and risk modeling processes use a wide set of the RMS models, accompanied by an extremely high proportion of detailed data to […]

The Standard & Poor’s Insurance Conference 2008 was held in New York over the last two days. One of the issues that was covered was the topic of cat bonds and their potential application to catastrophe risks in developing nations. Here are some highlights from this discussion (link to the full article at the bottom). […]

There have been updates to two of the most respected Atlantic tropical storm and hurricane season forecasts. First, the Tropical Storm Risk consortium have slightly moderated it’s forecast from it’s April one. They still predict a 20% above average season (they predicted 35% above average in April), with 14 named storms in the Atlantic basin, […]

Here’s a very interesting interview with Judith Klugman, Managing Director of Swiss Re Capital Markets from Bloomberg TV in which she discusses the returns on Swiss Re cat bonds and hurricane season.

Weatherbill, the online service offering weather protection to businesses, has arranged a novel deal for Priceline.com Inc. (NASDAQ: PCLN), a leading online travel agent. Priceline are offering a new holiday package called Sunshine Guaranteed to over 100 destinations in the U.S., Canada, the Caribbean and Europe. The deal, being run as a limited time promotion, […]

The market seems to be getting more sophisticated by the week as new tools come online to help cedents and deal managers get to grips with the risks they are trying to protect against. From the press release: Risk Management Solutions have today announced the release of Paradex U.S. Hurricane, the first index for measuring […]

Flagstone Re have just released a press release on their recent Valais Re transaction, a copy of the release is below: HAMILTON, Bermuda, Jun 02, 2008 — Flagstone Reinsurance Holdings Limited (NYSE:FSR) announced today that it has purchased three year fully collateralized retrocessional coverage on an indemnity basis from Valais Re Ltd. (“Valais Re”), a […]

It’s the 1st of June and all involved our markets will know what that means; tropical storm and hurricane season officially starts today. I say officially, as actually the first Atlantic region tropical storm of the season actually happened on the 31st May, yesterday. Tropical Storm Arthur brewed up suddenly off the coast of the […]