Archive for November, 2011

Munich Re’s recently closed $100m U.S. hurricane and European windstorm catastrophe bond notes issued through their Queen Street IV Capital Ltd. Irish domiciled vehicle have now been listed on the Bermuda Stock Exchange according to a BSX press release. The deal completed a week ago and you can read our previous coverage on the transaction […]

Alterra Capital Holdings, the insurance and reinsurance group formed from the merger of Max Capital and Harbour Point, has announced its third quarter 2011 results (which show solid performance in a not particularly easy market). One item in the results press release is particularly of interest to Artemis readers, their reporting of an investment position […]

Estimates for insured losses stemming from the record breaking flooding being experienced across much of Thailand jumped significantly yesterday as reinsurance broker JLT Re suggested that they could reach as much as $13 billion (according to some reports). This followed an update from the Insurance Commissioners Office in Thailand who only put the figure at […]

Ratings agency Standard & Poor’s (S&P) has issued an update to the loss estimates from severe thunderstorms and tornadoes which impacted the Mariah Re catastrophe bond transactions. As and when loss estimates are updated by Property Claims Services (PCS) for each catastrophe event, S&P have been updating the market on the potential impact to Mariah […]

Parametric trigger insurance is helping to make insuring public entities simpler despite the increasing severity and frequency of natural disasters in many parts of the world, according to Steve Jackson, CEO Latin America of broker Cooper Gay. Speaking at an event in Miami las week, Jackson highlighted the role parametric triggers can play in public-private […]

Catastrophe bonds and insurance-linked securities seem to be in the news at least once a week with respect to their use as a diversifier for investment portfolios. A fortnight ago we wrote about the Australian investment advisor Ibbotson who suggested that insurance-linked securities were an ‘investment asset to withstand recession‘. Now Australian investment research house […]

The Climate Corporation has announced the launch of their Total Weather Insurance™ product for 2012. The revamped crop weather insurance product features next-generation weather monitoring, with over 800,000 rainfall measurement grid areas across the U.S., industry leading soil moisture tracking and location specific yield assessment.

The Asia Pacific re/insurance market accounted for two-thirds of the world’s insured catastrophe losses during the first three-quarters of 2011 according to a new report from Guy Carpenter. It’s a record share of the world’s insured losses and demonstrates both the exposure to catastrophe events in Asia Pacific and the growing value at risk in […]

You may recall that we wrote about Bermudian reinsurer PartnerRe’s losses from their insurance-linked security investments a number of times earlier this year. After some of the major catastrophes in the first half of 2011, PartnerRe disclosed the amount of losses they were facing from their ILS investment portfolio.