Archive for August, 2010

Swiss Re have today published their first half yearly update on the insurance-linked securities and catastrophe bond market. The report comes as the market looks back on issuance and trading during the first half of 2010 at a time when new transactions are scarce and investors are keeping a wary eye on the developing Atlantic […]

The weather insurance market in India is promising big things as pilot schemes for index-based weather insurance launch on a regular basis across the country. ICICI Lombard are no doubt the biggest player in this market right now and they’ve received approval from the government of Uttar Pradesh to provide weather based crop insurance to […]

The catastrophe bond market has been in existence since 1994. Many deals have been struck in the last 16 years involving a range of issuers, insurers and reinsurers, structuring and arranging firms, risk modelling companies and supporting financial markets professionals. Artemis.bm has been there to cover these transactions since 1999 and our catastrophe bond Deal […]

Ipac Asset Management, an Australian investment management firm, has diversified its investment portfolio through a $50m stake in the new Palmetto Australian Unit Trust fund managed by Nephila Capital.

As with any marketplace of this kind the insurance-linked securities market for catastrophe bonds size is denoted by new issuance minus maturing transactions (which leaves risk capital outstanding). As this market is not particularly old (with the first cat bond deal we’ve recorded being in 1994) it saw the amount of risk capital outstanding grow […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is doing a great job of providing insurance coverage for natural disasters to Caribbean nations. Well received by most, it’s now being seen as a potential model for a similar scheme to protect Pacific islanders against disasters which could destroy their property and businesses.

China, with its population of over 1.3b and its rapidly modernising infrastructure and economy, is still not particularly well covered by insurance for natural disasters. Many international insurance and reinsurance companies are active in China but much of the population remains at risk of disaster which they are not covered for.

The Reserve Bank of India (RBI) has said that it wants banks and non-banking financial companies to use securitisation only for risk transfer purposes and not ever for profit booking.

Guy Carpenter have announced that from the 27th September Erik Manning will join their Global Specialties unit, which comprises marine, energy, aviation, retrocession and Bermuda based business. Manning has a long track record in the insurance-linked securities and catastrophe bond sectors.

There’s been a lot of news about the recent extreme weather events which are happening around the world. The heatwave, drought and fires in Russia are causing devastation to agriculture and communities alike. The terrible flooding in Pakistan and China are impacting more people than any other disaster. Central and Eastern Europe are also suffering […]