Archive for December, 2010

Metlife has published a study undertaken by its U.S. and UK businesses which compare the current state of pension fund risk management and pension fund sponsor and trustee attitudes to risk between the U.S. and the UK.

Swiss Re is bringing to market two new tranches of catastrophe bond notes under it’s Successor X Ltd. SPV. Earlier this year Swiss Re issued $120m worth of notes through Successor X Ltd. to provide them with cover for a portion of their U.S. hurricane, European windstorm, California earthquake and Japanese earthquake risks.

An early forecast of the long range outlook for the 2011 Atlantic tropical storm and hurricane season has been published by Tropical Storm Risk. They’re the first of the forecasters we follow to publish a long range outlook for the Atlantic storm basin for 2011.

The life insurance-linked security notes issued by Avondale Securities on behalf of the Bank of Ireland’s life insurance subsidiary New Ireland Assurance, have been placed on review for possible downgrade by ratings agency Moody’s.

BOSTON, Dec. 6, 2010 – AIR Worldwide (AIR) today announced that Twelve Capital, an independent investment manager focusing on insurance-related investment opportunities, has selected AIR’s CATRADER®, the industry standard application for analyzing catastrophe reinsurance and insurance-linked securities. Twelve Capital will use CATRADER and ALERT™, AIR’s online real-time loss estimation service, to assess and manage the […]

The U.N World Food Programme (WFP) and Oxfam have announced a new scheme which aims to help poor rural people protect their crops and livelihood from the impact of climate change. The announcement was made in Cancun at the ongoing climate change meetings.

Lately there has been a call from some industry figures to end the U.S. subsidised, public National Flood Insurance Programme and to privatise flood insurance to allow private reinsurers and the capital markets to provide risk transfer solutions instead.

The Chief Risk Officers (CRO) Forum, a professional group of chief risk officers and risk managers from large insurance and reinsurance companies, has published a position paper which advocates the capital markets becoming an active player in longevity risk transfer.

The UK has been gripped by snow and ice for the last week or more. It’s been the earliest major snowfall disruption for many years and some are saying is a sign of the winter to come. Transport has been severely disrupted and businesses are now counting the losses caused by non-attendance of staff and […]

USAA’s latest catastrophe bond issuance, a second series of notes under it’s Cayman Islands based SPV Residential Reinsurance 2010 Ltd., has now closed. The transaction upsized by $100m before close and in total provides USAA with another $300m of multi-peril cat bond cover.