Archive for October, 2009

Risk Management Solutions have sold their Climetrix weather derivatives software and data franchise to MDA EarthSat Weather. A copy of the press release is below. ROCKVILLE, MD–(Marketwire – October 6, 2009) – Effective September 30, 2009, MDA EarthSat Weather (‘EarthSat Weather’) has acquired from Risk Management Solutions (‘RMS’) the entire weather derivatives software and data […]

Standard & Poor’s reports that the preliminary ratings it assigned to the MultiCat Mexico 2009 catastrophe bond are to remain the same despite a change to the way AIR Worldwide is modelling the hurricane risk associated with it. Since the preliminary ratings were first assigned AIR Worldwide has corrected its modelling by adding a second […]

As I posted about earlier, the Bermuda Monetary Authority has now published it’s new guidance note on a new regulatory framework for Special Purpose Insurers (SPIs). The guidance note discusses the regulatory approach that the BMA will take with incorporation of SPIs in its jurisdiction. It’s a good document which details the way Bermuda wants […]

The Financial Times reports that the Bermuda Monetary Authority will be announcing new regulation today aimed at improving supervision for Special Purpose Insurers. Bermuda has long been a hub for special purpose vehicles, insurers and has been the domicile for many catastrophe bond deals over the years. The forthcoming approach to supervision of these entities […]

Here are a couple of good reports that anyone interested in the development of agriculture risk insurance in these times of changing climates, commodity price fluctuation and weather risk management  should read. First, here is a article written by Thomas Heintz, chief agriculture underwriter at PartnerRe. The article looks at the way the market is […]