Swiss Re Insurance-Linked Fund Management

Xactanalysis Insights and PCS

Best of Artemis, week ending 6th November 2011


The last seven days saw another new cat bond come to market, news of further losses to be faced by investors in U.S. tornado cat bonds, realisation of growing losses in Thailand from the devastating flooding and further discussion of the diversifying nature of insurance-linked securities.  If you missed any of our stories from the last week here’s a chance for our readers to catch up on any news you have missed with the top ten most read stories on Artemis from the last seven days.

Top ten most viewed articles on, week ending 6th November 2011:

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  1. Insured losses from flooding in Thailand could be up to $13 billion
    Estimates for losses from the record flooding in Thailand suggest that insured losses could rise significantly to as much as $13 billion. It’s extremely difficult to know how reliable these estimates are at this point as much of the northern part of Thailand is still underwater and it won’t be possible to fully understand the extent of the loss until the floodwaters recede. Business interruption losses are likely to be significant as well due to the many industrial areas under the floodwaters.
  2. Mariah Re cat bond losses mount, 2010-1 tranche triggered, 2010-2 likely a total loss
    Once again the estimates for losses from U.S. tornado events which have qualified as covered losses for the Mariah Re catastrophe bonds have risen. They have now reached the point where the lower tranche of Mariah Re is expected to be a total loss while the upper tranche is being eaten into as well.
  3. Alterra Capital reports loss from Muteki catastrophe bond
    Reinsurance group Alterra Capital have disclosed a loss due to their investment in the Muteki Ltd. cat bond which was triggered by the earthquake in Japan.
  4. Compass Re Ltd. 2011-1 catastrophe bond comes to market for Chartis subsidiary
    Chartis’ latest foray into the cat bond market begins marketing, seeking to secure $275m of U.S. hurricane and earthquake cover.
  5. PartnerRe’s losses from insurance-linked securities reach over 10% of annual loss
    Bermuda reinsurer PartnerRe disclosed that their losses from investments in ILS and cat bonds have contributed a significant proportion of their losses so far this year.
  6. How the California Earthquake Authority finds value in catastrophe bonds
    We spoke with the California Earthquake Authority to better understand their reasons for using cat bonds again and why they find them a valuable part of their reinsurance cover.
  7. Parametric trigger insurance central to public-private risk transfer
    Cooper Gay’s CEO discusses the value and benefits of using parametric insurance particularly in public-private risk transfer projects.
  8. Catastrophe bonds a useful source of diversification for investors
    Another investment research house discusses the benefits of cat bonds as a diversification tool for investors portfolios.
  9. Munich Re on the completion of Queen Street IV Capital cat bond
    Munich Re’s press release on the completion of their latest catastrophe bond deal.
  10. Climate Corporation introduces next generation Total Weather Insurance™ 2012
    The Climate Corporation announced their latest version of their weather insurance products for farmers in the U.S.
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