Archive for September, 2009

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Multicat Mexico 2009 Ltd. – further details

As usual further details on the latest catastrophe bond to be marketed, Multicat Mexico 2009 Ltd., continue to come to light. Through a combination of industry sources and published data we have gleaned more details on the latest cat bond to hit the market this year.Multicat Mexico 2009 Ltd. (utilising read the full article →

Drought weather risk initiative in Ethiopia to expand

Swiss Re has announced that the drought risk management initiative they have been part of in Ethiopia will be expanding to take in a number of new villages and at least one new crop over the next year. Swiss Re, Oxfam America, The Rockefeller Foundation and The International Research Institute read the full article →

Multicat Mexico 2009 cat bond to transfer natural catastrophe risks to the capital markets

The catastrophe bond market is back in business again as one of the deals that has been a while in the making receives its preliminary ratings from Standard & Poor's.FONDEN, the Mexican Fund for Natural Disasters is sponsoring a transaction called Multicat Mexico 2009 which is valued at $250m. The read the full article →

There is a clear distinction between life settlement securitization and the sub-prime mortgage crisis

I'm sure that by now almost all of you will be aware of the article that the New York Times wrote a few weeks back which described life insurance settlement securitization as almost akin to the sub-prime mortgage securitizations which caused financial markets to implode. I didn't write about it read the full article →

Video – Betting on catastrophe bonds

John Stroughair from Risk Management Solutions (RMS) was interviewed on the CNBC Strictly Money show yesterday. He discusses his opinions on why catastrophe bonds make good investment opportunities, mentioning the fact that they have a high yield and offer low correlation to the credit risk markets.

New renewable energy insurance facility to offer weather cover

A new insurance facility has been launched today which will offer insurance products to renewable energy projects in developing countries. The facility has been launched by this coalition of re/insurers and environmental organisations; Munich Re, RSA Insurance Group, CarbonRe, the Global Environment Facility and the United Nations Environment Programme. The read the full article →

MD of Swiss Re Capital Markets moves to Securis Investment Partners

Securis Investment Partners, a London based investment firm who participate in the insurance-linked securities market, have announced that Al Selius  ex-managing director at Swiss Re Capital Markets is joining their company. Selius will be heading up their New York office. Selius has years of experience in ILS, cat bonds and read the full article →

Clever weather risk management enables Cumulus Energy Fund to grow 46%

Here's a valuable lesson for all those involved in the investment aspect of the energy sectors.Cumulus Energy Fund, managed by PCE Investors Ltd, has gained 46% this year to the end of July, beating some of its competitors by a pretty significant margin to top a report looking at returns read the full article →

Catastrophe bonds and their evolution to address credit risk

2009 has been the year that catastrophe bonds evolved to avoid the credit risk issues of the past caused by reliance on a total return swap counterparty for collateral. After the credit crisis proved that all financial instruments have some degree of correlation to the wider financial markets transactions completed read the full article →

Climate change could cost 19% of GDP

A new report highlights te potential for major losses due to climate change. Some countries could see costs mounting to as much as 19% of their GDP by 2030 according to the report by the Economics of Climate Adaptation Working Group (a partnership between the Global Environment Facility, McKinsey & read the full article →