Archive for September, 2012

The development of microinsurance products using satellite data to create index-based insurance products is a growing industry and one which is showing increasing promise as the pilot projects scale out to encompass thousands of policyholders. The application of satellite technologies to create indices against which insurance products can be triggered is changing the way farmers […]

It appears that Credit Suisse were being extremely cautious when they issued a notice regarding the potential impact of hurricane Isaac on their CS Iris Low Volatility Plus insurance-linked security fund and as a result on the Dexion Capital managed DCG Iris ILS fund, which acts as a feeder for and invests its assets in […]

It looks like one of the hot topics of conversation at Monte Carlo this year is the convergence of the reinsurance and capital markets. That area we cover where non-traditional reinsurance alternatives such as collateralized vehicles, catastrophe bonds and insurance-linked securities, sidecars, third-party capital and direct investor participation in the reinsurance and retrocession markets are […]

This week see’s the global reinsurance industry meet up in Monte Carlo in the south of France for the annual Rendez-vous de September event. At this key industry meeting, executives from the world’s largest reinsurers and brokers meet with each other and with some clients to discuss industry trends and the outlook for reinsurance rates […]

PERILS AG, the Zurich-based independent provider of industry-wide European catastrophe insurance data and loss indices, has issued an update on how their loss data and indices have been used by the reinsurance and catastrophe bond sector. When we last reported on PERILS they had just cleared $4 billion of limits placed using their data and […]

Once again hurricanes have been dominating the thoughts of much of the reinsurance market, particularly as Bermuda was threatened by Leslie. Thankfully hurricane Leslie tracked further east and moved past Bermuda with minimal impact. The markets thoughts now turn to Monte Carlo for this week’s Rendez-vous meetings. To help you prepare for this industry meetup, […]

Yesterday we wrote about Aon Benfield Securities latest annual insurance-linked securities and catastrophe bond market report, which shows that in the twelve months to 30th June 2012 the ILS market has experienced a stellar year of performance. As usual we will highlight some interesting points from the report over the coming days, the first of […]

A new report from Swiss Re finds that flood insurance losses are growing rapidly while the insurability of flood as a peril continues to prove difficult for the insurance and reinsurance sectors. No other natural catastrophe impacts as many people on an annual basis, with floods impacting an estimated 500 million people per year. Back […]

More anecdotal evidence suggests that Louisiana Citizens Pelican Re Ltd. (Series 2012-1) catastrophe bond will not be triggered by claims resulting from hurricane Isaac. Just the other day Richard Robertson, the chief executive of Louisiana Citizens, made comments which suggested he felt the cat bond would not be in danger. Now the Louisiana Insurance Commissioner, […]

In this the latest in our series of interviews with figures from the risk transfer and insurance-linked securities markets we spoke with Gary Kerney, Assistant Vice President at Property Claim Services which is part of Verisk Insurance Solutions. Property Claim Services (or PCS as they are known) is the leading source of data on insured […]