Archive for March, 2012

Risk Management Solutions (RMS) and RAND Corporation have teamed up to launch a new company named Praedicat, Inc., that will provide consulting services and software to the property and casualty insurance industries with a particular focus on liability risks. Building on both firms years of experience in risk modelling, research and analysis, Praedicat will aim […]

The Life & Longevity Markets Association (LLMA), an industry group who have been working to make longevity a tradeable risk, have announced today the launch of its own four longevity indices. The LLMA Longevity Indices can be used as a reference for the transfer of longevity risk from those seeking to hedge to investors and […]

Late yesterday we wrote that a large earthquake which struck Mexico had the potential to be a threat to the parametric MultiCat Mexico 2009 Ltd. catastrophe bond. The location where the earthquake struck was very close to one of the defined zones which a qualifying event must occur within, had the correct magnitude at Mw7.4 […]

A large earthquake has struck Mexico near the Pacific coast not far from Acapulco and Oaxaca within the last hour or two. The USGS gave the earthquake an initial magnitude of Mw7.6, which they’ve since reduced to Mw7.4, and the earthquake struck at a depth of 20km. So far there are no reports of significant […]

Law firm Willkie Farr & Gallagher (WFG) have hired a team of partners and lawyers from rival Dewey & LeBoeuf who bring with them extensive experience in the insurance-linked securities, alternative risk transfer and reinsurance / capital markets convergence area. Dewey & LeBoeuf have been dogged by rumours of issues and departures from the firm […]

Since the longevity risk transfer and pensioner longevity de-risking market began in earnest in 2006 over £40 billion of pensioner liabilities have been transferred using instruments such as longevity swaps, buy-ins and buy-outs according to an update from Hymans Robertson. The total volume of risk transfer deals is expected to surpass £50 billion by the […]

The above average start to the U.S. tornado season has continued to trend well above the long term historical averages. With insured losses from some recent outbreaks said to be as high as $2 billion and 269 recorded tornado touchdowns (as at 17th March) versus a 50th percentile average of 102 on that date, it’s […]

The catastrophe bond market has continued its record start to the year in the last week, with three more deals coming to market bringing the current total for Q1 2012 to twelve transactions and over $1.8 billion. Unsurprisingly our news on the launch of each new cat bond features in the most read stories of […]

Ratings agency Moody’s has issued a press release regarding the provisional ratings they have assigned to the Combine Re Ltd. catastrophe bond which is currently being marketed to investors. Combine Re Ltd., which we wrote about when it launched here, is a two tranche cat bond being sponsored by Swiss Re America on behalf of […]

Galileo Weather Risk Management, a leading provider of weather risk management and customised weather protection products, has hired Ralph Renner, a veteran of the European energy markets, to help them push deeper into the sector and the growing area of weather protection for renewable energy producers. Renner, based out of Galileo’s London office, joins them […]