Archive for May, 2012

Tropical Storm Risk, the climatological research group backed by Aon Benfield, RSA and Crawford & Company, has published their final pre-season forecast of activity for the forthcoming 2012 Atlantic hurricane season. Back in April we wrote about their earlier forecast which suggested activity in the Atlantic in 2012 would be below average, today their latest […]

The fate of the Nelson Re Ltd. catastrophe bond is still up in the air as arbitration seems as yet to be unresolved over whether the Class G tranche of cat bond notes issued by Nelson Re back in 2008 will face a loss or not, ultimately due to hurricane Ike losses. The Nelson Re […]

Investor demand for catastrophe bonds continues to be demonstrated by the transactions issued this year as the latest cat bond in the market, the Long Point Re III Ltd. deal sponsored by U.S. insurer Travelers, becomes the latest to upsize during marketing. Almost every cat bond issued in recent months has increased in size to […]

The month of April saw insurance-linked securities investment fund managers achieve their best performance of 2012 as the average ILS fund was up by 0.42% bringing the year to date figure to 1.09%, according to measurements of the Eurekahedge ILS Advisers Index. April was the strongest month for the index since its launch in March […]

The warmer than average winter, which has been responsible for a number of reports of losses to weather exposed businesses and a growing interest in weather derivatives and weather risk management tools, also reveals some of the weather hedging winners who had protection in place against the unseasonably warm weather. A good example of this […]

Ratings agency Fitch have published an article which looks at the huge catastrophe events in Asia during 2011 and focuses on the challenges faced by the industry when making accurate loss estimates for events such as the Japan and New Zealand earthquakes and floods in Thailand. Fitch says that these events highlight the limitations in […]

You’d be forgiven for thinking that the insurance-linked securities market was strictly limited to Bermuda, the Cayman Islands and occasionally Dublin, Ireland. Looking through our Deal Directory of transactions those are the main domiciles which crop up as the home of ILS and catastrophe bond issuers. However there is activity in another offshore domicile, Guernsey, […]

The magnitude 6.0 earthquake which struck northern Italy in the early hours of Sunday morning is not expected to produce major insurance losses as it occurred in an area where personal property insurance uptake rates are very low. The quake is the largest to have struck Italy since the 6.3 quake in 2009 which caused […]

The 2012 Atlantic tropical storm and hurricane season officially begins on the 1st June and runs to the end of November. Sometimes the tropics provide us with a surprise storm outside of those generally accepted seasonal bounds and 2012 is one of those years. Tropical storm Alberto formed over the weekend off the east coast […]

At this time of the year the attention of the insurance-linked securities and catastrophe bond market will turn to the 2012 Atlantic Hurricane Season which begins in 10 days time. There are still two cat bond deals being marketed, both of which should close towards the end of this month. Long Point Re III Ltd. […]