Catastrophe bonds and insurance-linked securities news

As our readers will be aware there have been some movements in catastrophe bond bid and offer prices both as hurricane Sandy approached the U.S. coastline on Friday and so far this week. Trading was relatively light to begin with, according to various sources, as bid and offers were rarely close enough to find a […]

Another insurance-linked securities investment manager has come forward to discuss the impact or otherwise of hurricane Sandy on their investment portfolio. Swiss based Twelve Capital, who operate a number of investment opportunities in ILS, catastrophe bonds, private ILS and subordinated insurance bonds, have told us that based on their latest analysis they don’t expect an […]

Rating agency Standard & Poor’s has published its first update on the impact of hurricane Sandy to the insurance, reinsurance and catastrophe bond sector. Generally, S&P said that partly due to the strong earnings the sector has had so far in 2012, they expect Sandy will only have a limited impact on the ratings of […]

The issue of business interruption and contingent business interruption insurance losses is becoming a major conundrum when it comes to estimating the total insured loss caused by hurricane and post-tropical storm Sandy. Business interruption claims can take weeks to develop, longer to be reported and quantifying the actual exposure is tricky. Add to that uncertainty […]

Sandy impact reports are coming in from all angles now. The latest is from Credit Suisse who have said that if industry losses from hurricane Sandy meet their expectations, they expect an impact to one of their insurance-linked security and catastrophe bond funds. As well as affecting the CS IRIS Low Volatility Plus fund, it […]

We have another estimate of the insured losses caused by hurricane Sandy from risk modeller AIR Worldwide and it’s higher than previous estimates which were largely pre-landfall. After analysing the impact of Sandy and with the additional insight gleaned from damage reports received so far, AIR Worldwide estimates that insured losses from Sandy to onshore […]

Swiss insurance-linked securities investment manager Plenum Investments continues to be proactive in communicating with its investors on the potential impact that hurricane Sandy could have on its ILS fund. Earlier today we wrote that they expected no loss to and of the catastrophe bonds in their fund. That remains the case, but in a display […]

Regularly the first investment manager to come out with an official statement after a catastrophe event, Swiss insurance-linked securities investment manager Plenum Investments has said that they don’t expect any impact from hurricane Sandy to their ILS fund or any of the catastrophe bonds they invest in.

Hurricane Sandy is now an extra-tropical storm, currently positioned in south east Pennsylvania and forecast to slowly move through that state towards the Great Lakes. Sandy still has winds of up to 65mph with some higher gusts, is still a large and damaging storm and still threatens extreme rains and also snow further north. New […]

Risk modelling firm EQECAT kindly gave us some thoughts on hurricane Sandy and how they see the potential for impact to catastrophe bonds. Tom Larsen, SVP and Product Architect, sent us some exclusive insight on Sandy which we include below. EQECAT have given an early estimate of $10 billion to $20 billion in economic losses […]