Archive for October, 2010

Fitch Ratings are reported as saying (by Bloomberg here) that the final total for insured losses from the Deepwater Horizon oil rig disaster in the Gulf of Mexico may amount to $6B. Actual economic losses are estimated to be much, much higher at around $35B.

We want to get as many of our readers as possible listed in the relevant MarketViews. It’s a free directory of personnel involved in the markets of ART, cat bonds, ILS, longevity risk transfer, risk modelling and weather risk management. All you have to do to get listed is fill out the form below and […]

There’s an interesting article on Bloomberg today regarding the Florida Hurricane Catastrophe Fund. It seems that the fund suspects that their bonds aren’t getting the investment interest they should due to the word ‘catastrophe’ being in the organisations name.

Two topics discussed at the recent 25th East Asian Insurance Congress are of relevance to us and our audience. The congress was attended by more than 1,300 delegates from 40 countries across the world and they got together to discuss the issues within the insurance and reinsurance industry that impact Asia and the people who […]

Bloomberg reports that total rice loss in the northern Philippines from super typhoon Megi could amount to 600,000 metric tons. There was 157,000 hectares of rice crop in Megi’s path and the Philippine government is now assessing the extent of the damage and crop loss.

Super typhoon Megi has now passed over the main Philippine island of Luzon and is heading into the South China Sea where it is expected to regain some of its strength before heading for China’s southern coastline. Megi made landfall as a category 5 super typhoon with winds in excess of 155mph making her the […]

The Philippines is one of those nations which is extremely exposed to natural disasters and weather risks. From flooding, to wildfires to super-typhoons (like Megi which is currently impacting part of the Philippines) any country so exposed to disasters needs a robust catastrophe reinsurance strategy to help them recover from catastrophes quickly.

The magnitude 8.8 earthquake which struck Chile in February of this year has caused major losses to insurers and certain reinsurers. Insured losses are said to total $8b to $12b with the majority ceded to reinsurers.

CME Group has announced that it will begin to list rainfall futures, options on futures and binary options beginning on 31st October to be traded from 1st November. Both monthly and seasonal contracts will be available March to end of October across nine cities in the U.S. to businesses that want to manage their exposure […]

If ever an insitutional investor needed a reason to get involved in the insurance-linked securities market this is it. Securis Investment Partners, an investment manager specialising in insurance-linked securities, says that since its flagship ILS fund was launched in October 2005 it has delivered an amazing return of 72.41%.