Archive for June, 2012

We’re now well into the 2012 Atlantic tropical storm season and we have our first real threat to land with a storm called Debby which is currently patrolling the Gulf.  As ever, the catastrophe bond market slows at this time of year and primary issuance reduces. Hence our news volume reduces somewhat but we keep […]

The fourth named storm of the 2012 Atlantic tropical storm and hurricane season has formed in the northern Gulf of Mexico and now looks set to become the second hurricane of the season and a threat to land. Tropical storm Debby is moving slowly through the northern Gulf and has currently seen sustained winds of […]

The insurers and reinsurers of this world are currently operating in a changing regulatory and legislative environment, with greater focus being placed on risk management, capital adequacy and risk capital requirements as rulemakers seek to ensure the industry is sufficiently shored up to cope with major events. The economic climate is increasing the focus on […]

The first hurricane of the 2012 Atlantic storm season has formed in the middle of the northern Atlantic rather unexpectedly. What was tropical storm Chris, which you could track on our 2012 Atlantic Storm Season page has intensified at an unusually high northern latitude and is now hurricane Chris, the first of this season.

Argo Group, an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has announced the appointment of Mark Gibson to a newly created role of Director of Alternative Risk Capital. Gibson is a well known name in the reinsurance and capital markets convergence space having held positions as MD of […]

Risk modeling firm EQECAT has published a report on typhoon Guchol which made landfall in Japan on the 19th June. Guchol was the fourth named storm of the Pacific typhoon season and the first to officially reach super typhoon status. Maximum wind speeds from typhoon Guchol reached as much as 130 knots but the storm […]

Bermuda based re/insurance group Alterra Capital Holdings has today formally announced the formation of their awaited New Point V sidecar reinsurance vehicle. We’ve known that New Point V was on the horizon since as far back as March when an SEC filing disclosed that Alterra were preparing another iteration of their New Point series of […]

Kane, the worlds largest global independent insurance management firm and one of the leading providers of insurance-linked securities and life, pensions and investment administration services has announced two new senior hires in Europe. The new appointments see Kane increasing their focus on Europe by enhancing their capabilities and growing their business in the region. As […]

Insurance-linked security funds have continued their recovery during May, after April saw insurance-linked securities investment fund managers achieve their best performance of 2012, May has seen them beat that performance with even better returns. The average ILS fund was up by 0.52% in May, compared to 0.42% in April, bringing the year to date figure […]

As part of its weather derivative product offering the Chicago Mercantile Exchange (CME) allows interested parties to participate in their market for hurricane futures and options. Users can access exchange traded hurricane futures and options based on the CME Hurricane Index (CHI), a proprietary index originally developed by the ReAdvisory group of Carvill America, Inc. and […]