Archive for October, 2010

A new catastrophe bond is being marketed under the Mariah Re Ltd. special purpose vehicle. This Cayman Islands based SPV has been set up to issue $100m of catastrophe bond notes for cedent American Family Mutual Insurance Co. and its affiliates.

Below is some interesting insurance-linked securities investment insight that just came through to us in a press release. It’s taken from a press release for certain Marcus Evans conferences and features an interview with Philip Lotz, Chief Executive Officer & Chairman, and Stephen Velotti, Chief  Underwriting Officer of Juniperus Capital Limited.

This summers extreme heatwave in Russia which resulted in widespread fires and a serious drought across much of the country has caused considerable losses for individuals and the public/private sectors. Drought destroyed 17% of the available crop area in Russia and the fires spread over 200,000 hectares causing widespread damage and loss of homes and […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, have stepped forwards to provide an estimate for low-frequency high-impact European windstorm loss potential to help with the Solvency II inspired Quantitative Impact Study 5 (QIS5).

Back in September we reported that Moody’s had placed some classes of the Crystal Credit Ltd. credit reinsurance insurance-linked security on review for possible downgrade. Increasing losses being experienced by the notes led Moody’s to believe a review was necessary and now they’ve completed that review and concluded that the loss experience is bad enough […]

Our third in this series of interviews with leading industry figures features Marty Malinow of Galileo Weather Risk Management Advisors LLC. Marty has been involved in the weather risk management marketplace for twelve years and in capital markets for twenty years. Before co-founding Galileo Weather he was co-founder of XL Weather & Energy and headed […]

To date the catastrophe bond market has not really taken off in Asia. There have been a number of transactions which have included Japanese quake and typhoon risk (such as Fhu Jin Ltd., Midori Re, Fujiyama Ltd. and the Atlas Re series a portion of which cover Japanese risks). However no cat bonds have been […]

The U.N. World Food Programme has donated 20 automated weather stations to the National Meteorological Agency of Ethiopia. The stations have been installed this week and aim to provide real-time data for both climate early warning and weather risk management.

A new piece of research by, amongst others, Swiss Re and Entergy Corporation has concluded that the combination of climate change, economic development land subsidence could cost communities along the U.S. Gulf Coast over $350 billion in cumulative losses over the next 20 years.

A new study has produced a global ranking which shows the vulnerability of 170 countries to the impact of climate change over the next 30 years. The Climate Change Vulnerability Index (CCVI), from Maplecroft, is designed to enable organisations to identify areas of risk within their operations, supply chains and investments. It also serves as […]