Swiss Re Insurance-Linked Fund Management

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EQECAT provided risk analysis for Ianus Capital catastrophe bond


Further details on the structure of Munich Re’s Ianus Capital Ltd. catastrophe bond have been released through the press release of EQECAT Ltd. The full press release is below.

EQECAT, Inc. provided risk modeling to Munich Re in the issuance of a €50m catastrophe bond transferring European winter storm and Turkish earthquake risks to the capital markets, as detailed in the Munich Re press release which follows this Note:

“The transaction was the first using EQECAT’s updated European windstorm model, Eurowind™,” said Dennis Kuzak, senior vice president of EQECAT. The transaction also employed EQECAT’s Turkish earthquake model which had been used in a prior analysis, he said. Both models are part of EQECAT’s WORLDCATenterprise™ catastrophe management software suite.

EQECAT’s European extra-tropical cyclone model is the first to incorporate a hybrid stochastic event set combining the most suitable aspects of both measured and modeled windstorm characteristics. The EQECAT Eurowind model covers 22 countries, providing the largest geographical area of risk of any commercially available probabilistic European wind model.

EQECAT’s Turkish Earthquake model incorporates research findings following the 1999 Koaceli Earthquake, as well as a time dependent model for the North Anatolian Fault System. This fault system represents the primary source of seismic risk to the large population centers along the Sea of Marmara, including Istanbul.

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