Archive for October, 2011

It isn’t often that a single catastrophe bond transaction is threatened by two events in as many weeks, but it’s only just over two weeks since the MultiCat Mexico 2009 Ltd. cat bond was threatened by Jova on the Mexican Pacific coast and now the same cat bond is threatened by another hurricane bearing down […]

Risk modeller EQECAT has published an estimate of the insured losses resulting from the recent M7.2 earthquake in Turkey. EQECAT put the range of insured losses at between $100m and $200m and the total economic loss estimate in the low single-digit billions USD. EQECAT are also the modelling agent on the Ianus Capital catastrophe bond […]

Our good friends at Environmental Finance have again opened the voting in their annual market survey. The survey allows you, the markets participants, to vote for the best brokers, banks, finance houses, law firms and consultants in the carbon, renewable energy, US emissions, and weather and catastrophe risk markets.

Legal & General, one of the largest insurance and financial services groups in the UK, has entered into the largest buy-out of a pension schemes liabilities through a £1.1 billion ($1.8 billion) bulk annuity contract with the T&N Retirement Benefits Scheme trustees. The transaction is actually a buy-in which transitions to a buy-out in due […]

We wanted to bring our readers attention to an interesting article just published by Bloomberg today. In this article they discuss some comments made by Frank Majors, managing partner and one of the founders of Nephila Capital the well-known insurance and risk linked hedge fund and reinsurance firm. The comments are particularly interesting as they […]

A new Swiss Re Economic Research & Consulting report reveals that Canadian pension funds have a significant amount of longevity risk to which they are exposed. Many public and private pension funds are under-reserved for longevity risks and annuity books also have exposure to the risk of scheme members living longer.

Swiss Re and USAID have announced a three year partnership with one of their main aims being to reduce the costs of natural disasters in the Americas, Africa and Asia. By enabling better access to customized, market based insurance products they hope to help farmers and families become more resilient to the impacts of droughts, […]

Further to our earlier article alerting you to the potentially exposed Ianus Capital catastrophe bond which covers the whole of Turkey for earthquake risks, it seems that investors are pretty confident that the cat bond won’t face losses due to the location of the earthquake. The M7.2 quake has caused widespread damage in the area […]

Swiss Re are issuing another catastrophe bond under their Successor X Ltd. principal-at-risk variable-rate note program. Successor X Ltd. is a Cayman Islands domiciled special purpose vehicle. This will be the fifth issuance under the programme and this time they are issuing two tranches of notes, although we only have details on one of them […]

We’re sure that most of you will be aware of the magnitude 7.2 earthquake which struck eastern Turkey yesterday causing numerous buildings to collapse and reports of as many as 239 deaths and 1,300 injuries (the latest from the BBC here). There have also been a series of powerful aftershocks which have caused further damage […]