Another insurance-linked investments manager has issued a statement regarding hurricane Isaac and any potential impacts from the storm on their portfolio of catastrophe bonds and other insurance-linked assets. ILS investment manager LGT Insurance-Linked Strategies are confident at this time that there will be no material impact to any of the cat bonds or financial insurance […]
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Swiss insurance-linked securities investment manager Plenum Investments has published an update on their fund and any exposure it has to hurricane Isaac which is currently impacting Louisiana and the Gulf coastal region. Hurricane Isaac continues to batter the Louisiana coastal counties and high winds and heavy rain are affecting cities such as New Orleans. Flooding […]
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Hurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]
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Isaac became a hurricane as forecast on Tuesday and slowed in its approach towards the Louisiana coastline. Hurricane Isaac came ashore for a brief time on Tuesday evening in the southeast of the state in Plaquemines Parish, around 90 miles southeast of New Orleans, before heading back over the Gulf of Mexico and moving slowly […]
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The range of capital markets backed risk transfer tools such as catastrophe bonds, insurance-linked securities, sidecars, collateralized reinsurance entities and other structures, represent an increasingly viable and sustainable alternative to the traditional reinsurance market, according to a new report from Fitch Ratings. For traditional reinsurers, the growth of capital market alternatives offers mixed benefits, being […]
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Catastrophe bond market participants will be pleased to see a new cat bond deal come to market during these typically lean summer months when primary issuance slows down. The new cat bond transaction, which is the 21st deal of the year according to our Deal Directory, is being issued through Bermudian special purpose insurer Eurus […]
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Our latest article on Hurricane Isaac can be found here. Tropical storm Isaac is approaching the key oil and gas producing region of the Gulf of Mexico as it continues to make its way towards the Louisiana coastline. Currently carrying maximum sustained winds of 70mph, Isaac remains a tropical storm, having been slower to intensify […]
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The 2012 Atlantic Hurricane Season is in full swing and a storm named Isaac is currently threatening the Gulf Coast. Visit this page where you can read all of our previous Monday morning catch-ups to find any stories you may have missed. Of course you can also use our keyword searchbox on the right to […]
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Our latest update on Isaac can be found here.. Tropical storm Isaac continues to make its way through the Caribbean and is currently bearing down on Haiti. Having taken a little longer than originally expected to increase in strength, Isaac has now intensified and has maximum sustained winds of 60mph. Further strengthening is forecast before […]
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The high catastrophe losses experienced in Asia in recent years, which reached a peak in 2011 after the Japanese earthquake and tsunami event and the flooding in Thailand, are prompting reinsurers to become more disciplined in the region. Reinsurers have been prompted to look closely at their portfolio and to re-evaluate their underwriting approach and […]
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Insurance-linked securities (ILS) funds have achieved another month of impressive returns in July with the average ILS fund up by 0.62% for the month and 2.94% year-to-date, as measured by the Eurekahedge ILS Advisers Index. Insight from ILS Advisers, an investment consultancy based in Hong Kong focusing on ILS as an asset class, shows that July […]
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We always knew that Florida’s Citizens Property Insurance had found issuing the Everglades Re Ltd. catastrophe bond more cost effective than securing the same amount of cover in the traditional reinsurance market, but we were never able to put a figure to the actual savings. Now Citizens senior management team have discussed a figure at a […]
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The Missouri Department of Insurance have put new regulation in place which will require the states mutual insurers to take on more reinsurance cover to shore up their financial stability. The regulation has been prompted as a way to preemptively stop a similar run on the mutuals finances such as what happened after the deadly […]
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An independent catastrophe risk management and modelling firm has issued a report looking at the cost in insured losses that would be incurred today from some of history’s largest and most severe hurricane events. Karen Clark & Company (KCC) has published a report identifying historical US hurricanes that would likely cause $10 billion or more […]
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