News & Analysis Results

Blue Wings Ltd catastrophe bond keeps ratings after reset

News 1st December 2008

Blue Wings Ltd is a catastrophe bond which transfers the risk of severe river floods in Great Britain and earthquakes in Canada and the US excluding California. This cat bond holds two risks; earthquake in Canada and the US (excluding California), using a “modeled loss” trigger and second, river flood in Great Britain using a […]

read the full article →

Blue Wings catastrophe bond redeemed by Allianz

News 17th December 2008

Allianz has decided to redeem it’s Blue Wings Ltd catastrophe bond which covered it against floods in the UK. The deal which was completed only in April 2007 provided Allianz with $150m worth of protection against flood risks in the United Kingdom. The deal should have run until 2012. Blue Wings also provided some cover […]

read the full article →

Demand for flood catastrophe bonds could grow: Swiss Re

News 7th September 2012

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 […]

read the full article →

Australian floods impact could be felt for months to come

News 4th January 2011

The year hasn’t started well for residents of Australia’s Queensland state as rainfall has continued to increase river levels and the flooding they have been suffering from for weeks has now reached a point where it is going to cause huge losses and devastation. Flash flooding from thunderstorms continues to affect the area and the […]

read the full article →