Archive for September, 2010

The second catastrophe bond to be issued by Green Valley Ltd. has successfully closed at its expected €100m. The transaction which has been marketed through September (and we wrote about previously here) closed today and runs until 10th January 2012.

Earlier this year the contract for management of the World Bank-sponsored Caribbean Catastrophe Risk Insurance Facility (CCRIF) came up for renewal and was put out to tender. As a result of this process Caribbean Risk Managers Ltd., a subsidiary of the CGM Gallagher group has been reappointed as managers of the facility.

Reinsurers are queuing up to apply to get access to the Florida insurance market after Hannover Re announced it was returning to Florida thanks to the state insurance regulator lowering its collateral requirements to do business there. Hannover Re is the first foreign reinsurer to benefit from a relaxation of the rules around how much […]

An project called Food Early Solutions for Africa (FESA) has been working on validating a microinsurance product for African farmers which will use satellite technology to measure drought conditions. This allows them to create an index against which a microinsurance drought product can be triggered.

As we predicted earlier, tropical depression 16 has now become tropical storm Nicole. However the rest of our prediction has become far less certain as Nicole has turned over Cuba and the National Hurricane Centre (NHC) forecast for the expected path of Nicole has changed quite substantially and become much less certain.

In this the first of a new series of interviews with key industry figures, Artemis talks to Barney Schauble of Nephila Capital. Mr. Schauble has been involved in the weather risk market and in the securitization of insurance risks for many years and is highly regarded within both sectors. We spoke to Barney on a […]

Sometimes tropical depressions get overlooked. Unless a storm gets a name they are often considered benign and not worth watching or being aware of. Tropical depression 16 is currently traversing Cuba and heading straight for Florida, it’s expected to become Tropical storm Nicole later today as it crosses the sea to Florida.

Lloyd’s of London has announced it’s results and profits for the first half of 2010. As we know, the first half of this year has seen a large number of loss events and a drop in profit has been experienced by reinsurers around the world. Lloyd’s is now the latest to demonstrate the impact large […]

2010 is turning into a year of large losses for the re/insurance industry. Frequency of events this year has been extremely high and in the first nine months of the year Munich Re have recorded 725 weather-related natural hazard events, the second highest figure for the January to September period recorded since 1980.

Longevity hedging and longevity risk transfer is a growing market with new products and methodologies springing up all the time. So far a lot of interest has been related to pension funds and the risks of their members living longer but there is also growing interest amongst investors in life insurance who want to hedge […]