Archive for October, 2017

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has announced the launch of a new severe convective storm risk model which shows that average annual losses caused by this peril are nearing $20 billion, which is higher than both hurricanes and earthquakes combined.

The economic costs of the devastating wildfires that have hit California in recent weeks has continued to rise, with the latest estimate from the local government suggesting that around 8,400 structures, largely homes, have now been completely destroyed by the blazes.

Australian sovereign wealth investment fund, the Future Fund, continues to target an expansion of its insurance-linked securities allocation, through reinsurance linked investment exposure gained through ILS fund managers it already invests in.

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation investment firm, has invested in a new high net-worth market-focused venture called Vault, in collaboration with Allied World Assurance Company Holdings.

Risk modelling firm RMS has hired a former Munich Re board member, Dr. Ludger Arnoldussen, who will join the firm to help it expand its European client base, with a particular focus on Germany.

There can be no guarantee of survival for those reinsurance capital providers hoping for price rises, in the wake of the recent major hurricane catastrophe loss events, according to James Nash of broker Guy Carpenter speaking in Baden-Baden.

Catastrophe risk modelling specialist, CoreLogic, has provided a preliminary insured and uninsured loss estimate from the impacts of hurricane Nate of up to $1.35 billion, with the majority coming from wind damage to residential properties.

Here are the ten most popular news articles, week ending 22nd October 2017, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates.

Typhoon Lan is currently heading for Japan with sustained winds estimated as being in the Category 3 region and further strengthening expected, possibly to super typhoon status, followed by a slight weakening as the storm nears the Tokyo region of the country, with a landfall just to the east of Japan’s largest city as a […]

Insurance and reinsurance linked investment specialist Twelve Capital Management has made a significant equity investment in U.S. primary property and casualty insurance group Heritage Insurance Holdings, Inc.