Archive for February, 2010

The Indian government finance minister announced the 2009-2010 Economic Survey results this week. This annual survey looks at how the economy is progressing and suggests the governments ideas for ways to further stimulate and mature the quick growing financial markets in India.

Snowfall has certainly been a feature of the northern hemispheres winter months this year. The UK suffered much colder temperatures than normal and snowfall which remained on the ground for many days causing much disruption to transport, travel and businesses. The U.S. has suffered huge snowfalls in the northeast which again caused major disruption and […]

BMW has now completed its deal (which we wrote about previously here) to offload the longevity risks of its group pension liabilities. The transaction which saw £3b of BMW’s pension liabilities transferred to Deutsche Bank is the biggest corporate longevity risk transfer on record and (as the FT reports) has doubled the size of the […]

The U.S. has been suffering some of the biggest snowfalls on record and has suffered major losses to the orange crop in Florida. The UK has suffered snow, ice and much lower temperatures than normal causing much disruption. Some areas of Asia have had significantly lower temperatures and higher snow fall than during a typical […]

We haven’t taken a look at the Swiss Re cat bond indices since the end of 2009. I thought it would be good to take a look at how the indices are fairing so far in 2010.

Vortex Insurance Agency, LLC, a subsidiary of MSI GuaranteedWeather, have announced a new product to help any businesses that depend on green pasture to hedge the risk that drought poses to their bottom line. The new product is index-based and utilises a rainfall index. Here’s the full press release from Vortex.

Here’s the latest press release from the Weather Risk Management Association for your information. WASHINGTON, DC – (Marketwire, Feb. 11, 2010) – The Weather Risk Management Association (WRMA) is advocating that companies pay equal attention to weather risks that can cause immediate variability in earnings as well as those risks due to climate change which […]

Two more major companies are planning to transfer some of their pension fund risks through longevity swaps in the coming weeks. Longevity risk transfer is becoming a really popular and much more accepted way to take some of the risk out of your pension scheme and enable you to plan your cash flow better and […]

Environmental Finance reports that Nikon cameras in Switzerland are utilising the services of weather risk management firm CelsiusPro AG to offer camera buyers in Switzerland a refund should the weather turn bad over a defined period over the Easter holidays.

The market for life insurance securitization and longevity risk trading has now got a champion to help it grow and mature. The Life and Longevity Markets Association has been founded ‘as a not-for-profit venture in order to promote a liquid traded market in longevity and mortality-related risk’.