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Strong investor demand and attractive market conditions resulted in a record first quarter of 2011 for catastrophe bond issuance said Willis Capital Markets & Advisory (WCMA) in their recently published Q1 cat bond market report. $1 billion of catastrophe bonds were issued during Q1 2011 compared to $650m in the same quarter last year.

Rating agency Moody’s has placed the Class C catastrophe bond notes of Vega Capital Ltd. 2010-1 on review for possible downgrade due to the earthquake event in Japan on the 11th March. The $63.9m of cat bond notes issued by Vega Capital in December 2010 provide Swiss Re with cover against qualifying earthquakes in Japan […]

Normally we refer once a month to the Swiss Re Cat Bond Performance Indices and that is enough as their movement is rarely sudden. The events in Japan however were highly unusual and after exceptional events such as the tragic earthquake and tsunami disaster the catastrophe bond indices are a good sign of how the […]

For our latest updates read our article from the 17th March. We’re going to continue updating you on the situation in Japan after last Friday’s devastating earthquake and tsunami on this page today. We expect updates to be less frequent today. You can find some of the important updates from late yesterday at the bottom […]

For our latest updates read our article from the 16th March. We’re continuing our updates on the situation in Japan after last Friday’s devastating earthquake and tsunami. We’ll keep this page updated with items we feel of interest to our readers. Links to our other articles related to this disasters can be found below.

We’ve performed some analysis on the catastrophe bond transactions which have exposure to Japanese earthquake risks to try to give our readers a better impression of the likelihood of any of them suffering a loss after Friday’s massive earthquake and tsunami. It’s proved difficult, as some of the cat bond transactions have minimal information available […]

Standard & Poor’s, the rating agency, have issued a briefing regarding the ratings of six of the catastrophe bonds exposed to todays Japanese earthquake. The ratings on the six cat bonds which S&P had assessed will remain unchanged for the time being.

Update: Further information on these cat bond transactions can be found here. There are a number of outstanding catastrophe bond transactions (totalling around $1.5 billion) which look like they are exposed to Friday’s earthquake in Japan as far as we can tell from our Deal Directory information. Whether any of these will be triggered is […]

Having written in the last week about the volume of catastrophe bonds which are listed on the stock exchanges  in Bermuda and the Cayman Islands I thought it would be a good idea to list them out by domicile for your information. We are going to include this information into a new catastrophe bond Deal […]

It’s often overlooked that there is catastrophe bond exposure in Europe, most of the coverage is related to hurricanes in the U.S. or earthquakes. Only when an event occurs of the magnitude of this past weekends windstorm does it suddenly become a talking point in the insurance-linked securities market. A deadly storm (Klaus) blew in […]