Archive for January, 2011

Insurance claims triggered by the severe spell of winter weather that the UK endured during December 2010 look likely to be at least £110m higher than the average for the same period of December according to insurer RSA. The coldest December for 100 years brought snow and ice to the UK and caused a large […]

The longevity risk transfer market is one area of reinsurance and risk transfer that is slated for growth during 2011. Industry experts are saying that the sector which involves pension scheme buy-outs, re/insurance, bulk annuities and longevity swaps is expected to grow, and since Swiss Re successfully transferred $50m of longevity trend risk to the […]

We wrote last week that the insured loss estimates for the recent Queensland, Australia floods, combined with the flooding in December in Australia were now being touted as around $6 billion. Now, Business Insurance reports that a Barclays Capital analyst has suggested they could top $6 billion (particularly likely now the flooding has moved south) […]

Swiss Re’s one year $150m California earthquake risk catastrophe bond, Redwood Capital XI Ltd., has matured and been delisted at the Cayman Islands stock exchange. The transaction matured on the 7th January and was delisted on the 19th. It’s safe to assume that it matured and made payment in full to investors as there were […]

Karen Clark & Co., the catastrophe risk consultancy, has updated its report looking into near-term hurricane catastrophe models. The company have been investigating near-term risk modelling for a few years now and this is the third update to their report which looks at near-term hurricane risk models from the major risk modelling firms Risk Management […]

Israeli government finances are not prepared for the potential shock of a huge earthquake concluded a piece of work by their National Economic Council. The business sector has insurance in place but residential insurance is not so well prepared and the government finances themselves are said to be less capable of withstanding the shock of […]

With Solvency II due to come into effect during 2012 re/insurers are assessing the capital requirements specified under the new regulatory regime. One of the main changes under Solvency II will be the requirement for re/insurers to have greater catastrophe reserves in place as part of the capital adequacy requirements.

Every few months we see an article in the press which shows that weather risk management techniques and the options available to hedge against bad weather conditions are not widely understood by business owners and the general public. In this example the organiser of a festival in New Zealand is discussing how rainfall can affect […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has issued a press release publicising its insured industry loss estimates for five major European windstorms. Previously PERILS had published loss estimates for windstorms Klaus and Xynthia, now they add loss estimates for European windstorms Anatol, Lothar, Martin, Jeanett and Kyril.

HAMILTON, BERMUDA–(Marketwire – January 14, 2011) – Prime Management announced today their appointment as administrator to the CATCo Reinsurance Fund Ltd. and the CATCo Reinsurance Opportunities Fund Ltd. (“Opportunities Fund”). Both funds are dedicated vehicles to allow participation by investors in the collateralized reinsurance market. The Opportunities Fund has the added distinction of being the […]