Swiss Re Insurance-Linked Fund Management

PCS - Emerging Risks, New Opportunities

AIR Worldwide models risks for $10b of catastrophe bonds


AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued and in 2009 they have provided risk modeling and calculation agent services to all the deals issued so far.

That’s pretty impressive! AIR Worldwide say they have provided services to 47 transactions to date. We have details on many of these deals, however we only know that AIR Worldwide worked on 24 of them according to our sources at the time (those deals detailed below). We have many deals in our Deal Directory, if you (or anyone at AIR Worldwide) would like to tell us which ones make up the other 23 we’ll update the directory accordingly.

SPV Issuer Date
Blue Fin Ltd Allianz Argos May-09
Mystic Re II Liberty Mutual Mar-09
East Lane Re II Federal Insurance Company Feb-09
Atlas Re V Scor Feb-09
Blue Coast Ltd Allianz Risk Transfer Jul-08
Caelus Re Ltd Nationwide Mutual Insurance Co. Jun-08
Willow Re Ltd Allstate Jun-08
Nelson Re Ltd (2008-1) Glacier Re Jun-08
Globe Re Hannover Re May-08
Muteki Ltd Zenkyoren May-08
East Lane Re II Federal Insurance Company Apr-08
Willow Re Ltd Allstate Jun-07
Gamut Re Nephila Capital Jun-07
East Lane Re Ltd Chubb Group Apr-07
Vasco Re 2006 Balboa Insurance Jun-06
Mystic Re Ltd Liberty Mutual Jun-06
Carillon Ltd Munich Re May-06
Helix ’04 Ltd Converium Jun-04
Residential Re 2004 USAA Jun-04
Trinom Ltd Zurich Re Jul-01
NeHi Inc Vesta Fire Insurance Corporation Jul-00
Residential Re 2000 USAA Jun-00
Juno Re Gerling Global Ruck AG Jul-99
Domestic Inc. Kemper Mar-99

You can view details on all the above catastrophe bond deals and many more in the Artemis Deal Directory.

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.