Archive for October, 2011

September saw another active month of activity in the secondary market for catastrophe bonds although not all of that activity resulted in trades as some investors failed to make the acquisitions they sought and place their excess capital. There were no new primary market cat bonds at all in September, which tends to be the […]

Hurricane Jova is approaching the Pacific coastline of Mexico carrying maximum sustained winds of 115mph. Jova, a major hurricane, has weakened slightly but is still expected to cause significant damage as the storm makes landfall near Manzanillo, both from the strong and damaging winds and torrential rainfall Jova will bring to higher ground. Interestingly, hurricane […]

Use and trading of hurricane derivatives is approaching record levels already this year with nearly a month of the Atlantic hurricane season still to play out. Demand for hurricane derivatives, which provide a hedge against storms making landfall along parts of the U.S. coastline has grown this year according to this article from the Wall […]

Figures released by the Insurance Services Office (ISO) and the Property Casualty Insurers Association of America (PCI) clearly show the impact that the severe weather and catastrophes during the first half of 2011 have had on their balance sheets. On average it shows that their net income fell by over 70% in the first half […]

Weatherbill, a company we have written about many times who offer weather insurance products linked to actual weather conditions and often underwritten by weather derivatives trading, have decided to change their company name to better reflect their mission to help the world’s people and businesses adapt to climate change. The company will now be called […]

Two weeks have passed since our last look at the Swiss Re Cat Bond Performance Indices to assess how their performance had improved, or otherwise. Both of the indices climbed strongly during the week ending the 30th September but in the last week ending the 7th October the climb faltered caused by the impact of […]

The last week saw the launch of a new insurance-linked securities issuance platform, the first catastrophe bond of the fourth quarter begin marketing and updates to loss expectations for tornado impacted cat bonds amongst other stories. Here, to give our readers a chance to catch up on any news they have missed, are the top […]

A new bill which has been introduced this week seeks to make the District of Columbia into an international financial center for catastrophic insurance reserves to rival the likes of Bermuda and the Cayman Islands. Congresswoman Eleanor Holmes Norton has introduced the District of Columbia National Disaster Insurance Protection Act this week.

We don’t write about life settlements often on Artemis, part of the reason being that we are most interested in life settlement securitization, an area which hasn’t seen a huge amount of activity or news lately. We are aware that a good percentage of our readers have an interest in life settlements as an asset […]

CATCo Investment Management have announced that their board are considering fund-raising options to capitalise on a reinsurance and retrocessional environment which they predict will see rising premium rates and a possible squeeze on available capacity. By growing their fund and taking advantage of high reinsurance premium rates, CATCo say that they can deliver better risk […]