Archive for July, 2010

Earlier this month AIR Worldwide announced a new and updated version of their hurricane model which features as part of their CATRADER® software for investors of catastrophe bonds and insurance-linked securities. Right at the bottom of the press release was a line referring to ‘a new Catastrophe Bond Summary Report that combines information from the […]

The Chicago Climate Futures Exchange, the place where Insurance Futures Exchange (IFEX) windstorm contracts can be exchange and screen traded, has announced the first trades in the IFEX Northeast and Gulf Coast Tropical Wind contracts. 1,000 Northeast Tropical Wind contracts were traded on the 25th June while 1,000 Gulf Coast Tropical Wind contracts were traded […]

A few days ago we posted Guy Carpenters coverage of the major natural catastrophe events of the 2nd quarter of 2010. Today we bring you some links to their coverage of the major man-made catastrophe events from the GCCapitalIdeas.com blog.

We wrote a few days ago about the announcement from Verisk Analytics (parent company of AIR Worldwide and the Property Claims Services (PCS) brands)  about their new high-resolution catastrophe index which they have launched. We felt the press release we’d picked up didn’t give enough information so we’ve been back in touch with them to […]

We’ve been running a survey for the last few months for our users which asks what volume of catastrophe bonds they think will be issued during the year 2010 (please take part and let us know your thoughts here). So far our users think that the total volume of cat bonds to be issued during […]

Pension fund sponsors and trustees don’t appear to be managing the longevity risks associated with their schemes on their own says MetLife Assurance. Despite the fact that there are estimated to be £1trillion of defined benefit liabilities in existence MetLife says that longevity is not being managed properly.

SmartWings, the Prague based low cost airline, has added the ability to purchase weather insurance into it’s website booking process through a partnership with weather cover provider Airsavings. They are currently offering rainfall protection to travellers but hope to extend that to offer cover for a lack of sunshine and hope to branch out to […]

Swiss Re has today announced that it has inked a historic agreement with the Alabama State Insurance Fund to provide it with three years of parametric insurance cover. This the first parametric cover afforded to a U.S. state government fund.

Guy Carpenter have posted a very useful recap of the natural catastrophe events which have occurred during the second quarter of 2010 on their GCCapitalIdeas blog.

Parts of Russia are currently suffering from their worst drought conditions for years with some areas not having had any rain since April. This extreme dry season has occurred after the most severe winter suffered by Russia in many years which destroyed winter crops. So Russian farmers are having a particularly bad time of it […]