Archive for July, 2010


How the recent AIR Worldwide CATRADER® update benefits cat bond investors

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 read the full article →

CCFE announce first trades in Northeast, Gulf Coast IFEX wind futures

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 read the full article →

Man-made catastrophe events in Q2 2010 (from Guy Carpenter)

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 blog.The events highlighted are the plane crash in Tripoli, Libya in read the full article →

Further details about the Verisk Catastrophe Index

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 read the full article →

2010 catastrophe bond volume on track for $5B (so say our readers and Munich Re)

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 read the full article →

Pension funds struggle to manage their longevity risks

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.MetLife have published read the full article →

SmartWings offering weather insurance to airline customers

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 read the full article →

Swiss Re inks first parametric insurance solution for U.S. state insurance fund

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.A parametric insurance solution  provides the buyer with cover that will read the full article →

Natural catastrophe events in Q2 2010 (from Guy Carpenter)

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.The events highlighted are Hurricane Alex, Floods in Southeast France in June, Floods in Central & Eastern Europe, April's severe weather in the United States, read the full article →

Russian drought highlights urgent need for weather risk management

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 read the full article →