Archive for July, 2008

The risks facing companies based in (or expanding to) Asia are huge and also in some areas relatively undocumented or modeled. This can make the region a hazardous place to be located and increases the need for a robust and flexible risk management approach. Companies would be advised to consider alternative risk transfer mechanisms as […]

Guaranteeing the weather at tennis tournament Wimbledon in the UK may seem an impossible feat given the usual fortunes of the spectators. The last week of June in the UK is notorious for rain (given the fact that both Wimbledon and the Glastonbury festival occur at that time). This year of course the spectators have […]

I posted earlier about the lack of uptake of the weather insurance scheme in India and now a story emerges on a similar topic in Jamaica with Caribbean Catastrophe Risk Insurance Facility. It is vital to get these schemes right for these nations where farmers are poorer and are exposed to more natural disasters. The […]

Travel is an industry which is naturally exposed to weather and climate risks. Beach resorts want good weather and low rainfall to encourage customers to visit, ski operators want sufficient amounts of snowfall to ensure a good season and tour operators want quiet hurricane seasons to keep interest in core destinations such as Florida and […]

There’s a report here on the lack of uptake of the new weather insurance scheme in India. It seems that it’s proving a tough job to move farmers over from the existing scheme to the new one due to the more generic claims trigger in the old version. I believe this is a similar case […]

A quick update on the state of the Atlantic basin. The low I mentioned in my post yesterday has already formed into Tropical Storm Bertha, the second named storm of the season. It’s rare for a storm to form so far east in the Atlantic at this early stage of the season and at the […]

In what seems like a desperate move Florida state has announced that it has entered into an agreement with Berkshire Hathaway to secure cash-flow in the event of a major hurricane season. The State Board of Administration has agreed to pay Berkshire Hathaway $224m up front in return for a facility which will give them […]

Atlantic tropical storm season has been underway for one month now with little happening in June despite the forecasts. According to the National Hurricane Center there’s a formation in the eastern Atlantic not far from the Cape Verde islands which is looking good for development and could become a depression over the next day or […]

Willis Re have published a good review of the recent renewals season in which they discuss the softening market, how it’s affecting P&C insurers, reinsurers and their use of capital market instruments. They say the softening is deceptively tenuous as hurricane season is just around the corner and could trigger major losses which raise rates […]

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