Archive for May, 2011

Munich Re have announced their results for the first quarter of 2011 this morning. As expected they have posted a significant loss due to the disasters which have occurred in the first three months of the year in Australia, New Zealand and Japan. However they have also provided some further insight into the fated Muteki […]

Two classes of catastrophe bond notes issued by Residential Reinsurance 2008 Ltd. and Residential Reinsurance 2009 Ltd. have been accumulating aggregate losses over the past year including some from recent severe thunderstorm events in the U.S. The Residential Re cat bonds were issued by USAA to provide them with cover for a range of perils […]

Finally confirmation has emerged that the $300m Muteki Ltd. catastrophe bond issued in 2008 by Munich Re on behalf of Japanese cooperative Zenkyoren is a total loss after being triggered by the 11th March earthquake off the coast of Tohoku, Japan. The market has been expecting the loss and it’s been priced in to the secondary […]

Aon Benfield agree with industry estimates for insured losses caused by the outbreak of severe convective weather across the U.S. in April. The record breaking thunderstorm and tornado outbreaks have caused devastation across U.S. midwest and southeastern states during the past month.

Guy Carpenter have published their report looking back at Q1 catastrophe bond issuance, reviewing the market and looking ahead to the rest of the year. The report takes an interesting look at some of the trends emerging after the busiest Q1 of cat bond issuance ever. Of course no Q1 report would be complete without […]

Plenum Investments, an investment manager with a focus on alternatives such as insurance-linked securities and catastrophe bonds, saw some small recoveries in catastrophe bonds exposed to Japanese earthquake risks in their portfolio during April according to their latest report on their cat bond fund performance.

A.M. Best have joined Standard & Poor’s and put the ratings of catastrophe bonds which utilise the Risk Management Solutions (RMS) U.S. hurricane model under review due to the changes in the latest version of the risk model. The model which was used to assess the cat bonds at the time of issue has undergone […]

Guy Carpenter have published their third in a series of publications looking at Solvency II and how re/insurers operating in Europe can prepare for the new regulatory regime, what issues may arise and any risks for cedents. The first report from the series can be found here, the second here.

The Alabama State Insurance Commissioner, Jim Ridling, said at a news conference yesterday that he expects the State to bear the brunt of the insured losses expected from the recent spate of tornadoes and severe thunderstorms across the southern U.S.

Aon Benfield Securities report on Q1 activity in the catastrophe bond and insurance-linked securities market (which we’ve written about earlier today here) also contains an update on the performance of their Aon Benfield ILS Indices. Aon launched the indices last August hoping to provide a quantitative monthly view of ILS returns which would help to […]