Your search for “parametric”

Two tranches over 10 year period, covering indexed losses from any Tokyo earthquake over 7.1. Payout is determined on a sliding scale depending on how much above the M7.1 trigger point an event within the defined area around Tokyo is. Multiple events were covered by this cat bond but with a limit of one event […]

The New York Metropolitan Transportation Authority (MTA), the main transport operator in the area, is back in the catastrophe bond market with what will be its fourth issuance of a MetroCat Re deal, seeking named storm linked storm surge insurance protection on a multi-year and parametric basis. For 2023, the New York MTA is reverting […]

This is the sixth private catastrophe bond in the Asagao series of parametric Japanese earthquake deals. Now, an Asagao VI deal has been issued, we’ve been told by sources, but at a much smaller size of only JPY 600 million, which is approximately US $4.6 million at today’s rate. As with all of the Asagao […]

This new parametric earthquake catastrophe bond will provide disaster insurance to the Republic of Chile and is being issued through the World Bank’s International Bank for Reconstruction and Development (IBRD), which is the largest multilateral development bank in the world. The IBRD is targeting issuance of $150 million in floating rate Catastrophe-Linked Capital at Risk […]

This is the fifth private catastrophe bond in the Asagao series of deals. This Asagao V private cat bond appears to be a renewal of the third, possibly representing a second renewal of that layer of risk, being also JPY 2 billion in size. This converts to roughly US $16.2 million at time of issuance, […]

This will be the third parametric earthquake catastrophe bond transaction in the Acorn Re Ltd. series of deals, with a renewal of the full $400 million of maturing cover from a 2018 issuance being sought. As with the previous two Acorn Re catastrophe bond deals, Hannover Re is acting as the ceding reinsurer and sitting […]

Power Protective Re 2021-1 is the second wildfire catastrophe bond issuance to benefit the Los Angeles Department of Water and Power (LADWP), the largest municipal utility operating in the United States. The Los Angeles Department of Water and Power (LADWP) entered the catastrophe bond market in search of wildfire insurance protection for the first time […]

This is the awaited first catastrophe bond to benefit the Government of Jamaica with a source of multi-year disaster risk financing. The World Bank is set to issue the catastrophe bond on behalf of the Caribbean country, through the International Bank for Reconstruction and Development’s (IBRD) Global Debt Issuance Facility. The issuance is taking place […]

This is the fourth issuance of an Asagao private catastrophe bond transaction. As with all the previous Asagao private cat bonds, the notes have been issued using insurance and reinsurance broker Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. This latest Asagao IV looks like […]

This is a debut catastrophe bond issue from mutual insurance captive Gryphon Mutual Insurance, a real estate focused captive insurer owned by private equity investment giant Blackstone, and the company is seeking at least $50 million of parametric reinsurance protection against losses from California earthquake with its first cat bond deal. Hannover Re is acting […]

Parametric insurance or parametric risk transfer is a type of insurance, reinsurance or risk transfer arrangement that does not indemnify the full loss for the protection buyer, instead paying a pre-defined amount when a pre-determined condition is met (typically a parameter, or parametric trigger, is breached). As a result, the concept of a cedent is […]

Under Starter’s Orders: Pros and cons of indemnity and parametric triggers Risk Management Solutions 2008 Five Index Trigger benefits for Catastrophe Bond Sponsors Tom Johansmeyer  Mar 2014 The choice of trigger in an Insurance Linked Security: The Brevity Risk Case Richard MacMinn & Andreas Richter 2007 Climate Services and Index Triggers International Research Institute for […]

Microinsurance catstrophe risk organisation Microrisk.org Microinsurance: Improving risk management for the poor No.15 The Working Group on Microinsurance May 2008 Pitfalls and potential of institutional change: Rain-index insurance and the sustainability of rangeland management  Econstor 2009 The Potential for Scale and Sustainability in Weather Index Insurance International Fund for Agricultural Development and World Food Programme […]

Modelling insurance-linked securities risk Insuranceday.com Sep 2012 Risk Management challenges in Rural financial markets: Blending Risk Management Innovations ith Rural Finance GlobalAgRisk Inc Case study of how Leadenhall Capital Partners utilise RMS Miu platform Risk Management Solutions Inc A Guide to Catastrophe Modelling  The Review, Worldwide Reinsurance 2008 Insurance-Linked Securities: Last Asset Class Standing  World […]

Catastrophe bonds were first issued in the mid 1990’s. We’ve been actively tracking the catastrophe bond market since 1996 and now have a comprehensive database containing the details of almost every deal, featuring now over 650 catastrophe bond transactions. Major catastrophe events in the 1990’s that struck the U.S., such as the Northridge earthquake and […]

ILS & Catastrophe Bond Market Reports Artemis catastrophe bond & insurance-linked securities (ILS) market reports This is Artemis’ own quarterly catastrophe bond and ILS market report, providing a look at the new risk capital issued and the composition of the cat bond and ILS transactions completed each quarter.  Catastrophe Bond & Insurance-Linked Securities (ILS) Topics […]

  Today, Artemis is the longest running news, analysis and data media service devoted to the alternative risk transfer, catastrophe bond & insurance linked security, non-traditional reinsurance, insurance linked investments and associated risk transfer markets. Artemis at a glance: Readers per month: 55,000+ Page views per month: 280,000+ Email subscribers: 10,000+ Artemis also covers longevity […]