casualty catastrophe


AIR & RenRe collaborate on probabilistic casualty risk model

AIR Worldwide and Bermudian reinsurance firm RenaissanceRe are collaborating on the development of what they call the industry's first probabilistic casualty catastrophe risk model, which the pair say will enhance the industry's modeling of long-tail casualty risk. AIR's parent Verisk Analytics announced the acquisition of Arium, an independent company focused on read the full article →

AIR to get casualty risk modelling ability with Arium acquisition

Risk modelling firm AIR Worldwide will benefit from liability and casualty risk modelling abilities after parent company Verisk Analytics announced the acquisition of Arium, an independent company focused on liability risk modeling and decision support. This acquisition is expected to enable AIR to provide risk modelling products and analytics for the read the full article →

Lack of predictive modelling a factor limiting ILS casualty growth

A catalyst for the growth of insurance-linked securities (ILS) in the property catastrophe reinsurance sector is the capabilities of third-party modelling, but a lack of predictive modelling within the casualty arena mitigates entry and impact of a similar scale, according to industry experts. The entry of alternative capital in the global read the full article →

Big data liability catastrophe models to help ILS into casualty risks

A new report published by the Lloyd's of London insurance and reinsurance market concludes that by underpinning liability catastrophe models with big data techniques, opportunities could be found for the ILS market to get more deeply into casualty risks. The topic of how or when the insurance-linked securities (ILS) market and read the full article →

Casualty risks the largest threat to reinsurance industry – Willis Re

Exposures in the casualty insurance and reinsurance sector are inherently difficult to predict and model, meaning until a market transformation occurs the casualty space is likely the biggest threat to the re/insurance industry, according to Wills Re’s Andrew Newman. Discussions of the pressures and ongoing challenges in the insurance and reinsurance read the full article →

Casualty reinsurance, advantageous but high entry barrier: Goldman Sachs

While the reinsurance market remains challenging strategically sound business models become more important than ever and while casualty lines offer several structural advantages, this can mean higher barriers to entry, according to analysts at Goldman Sachs. Reinsurers are increasingly shifting capacity into casualty lines of business, as they seek to avoid read the full article →

Willis Re launches $400m casualty catastrophe reinsurance facility

Reinsurance broker Willis Re has this morning announced the launch of a new global syndicated reinsurance facility, aiming to provide cedents with broad protection against casualty catastrophe events related to liability portfolios. Interestingly, the facility could have a capital market angle for ILS players, as it may prove suitable as an read the full article →

Casualty catastrophe risks remain (mostly) out of reach of ILS capital

The practice of successfully and accurately modeling casualty or liability catastrophe risks is something that continues to prove difficult for insurance and reinsurance firms, making them most likely a slow area of expansion for ILS and alternative capital. As the unpredictability, increased frequency and severity of events continues, and technological limitations read the full article →