catastrophe bonds


Hurricane Irma bearing down on Florida with 130mph+ winds

Updated - 11:00 AM UTC on September 10th: Major Hurricane Irma continues on its path towards the state of Florida, slightly weakened after striking Cuba but still with winds sustained at 130 mph with higher gusts, and a chance of some further intensification before it strikes the Florida Keys in read the full article →

Stone Ridge reinsurance and ILS fund drops 8%+ on Irma threat

According to a Bloomberg article one of the mutual ILS funds managed by New York based Stone Ridge Asset Management has fallen 8% on the approach of hurricane Irma, as the manager marked it down in expectation of losses.Bloomberg reported that an investor in the Stone Ridge Reinsurance Risk Premium read the full article →

Billions of catastrophe bonds at risk from Hurricane Irma

There are many catastrophe bonds that are potentially at risk from a major landfalling Hurricane Irma, with as much as $14 billion of the outstanding cat bond market holding some level of exposure to Florida or U.S. east coast named storms and hurricanes.As hurricane Irma continues on its track towards read the full article →

Hurricane Irma track aims at Miami, a $131bn realistic disaster scenario

In the latest updates to the Hurricane Irma forecast path the Miami-Dade area of Florida coastline is firmly in the center of the forecast cone, with Irma predicted to hit somewhere around Biscayne Bay to Miami Beach, the results of which are estimated as a $131 billion realistic disaster scenario read the full article →

Hurricane Irma leaves trail of destruction, Florida still in its path

Updated - 21:00 UTC September 8th: Major category 5 Hurricane Irma, which became the second strongest storm in history in the Atlantic, has battered the Leeward Islands of the Caribbean leaving a trail of destruction, as it continues on its route towards Florida still packing 155 mph winds.The forecast for read the full article →

Cat bonds a hedge against post-Irma reinsurance rate rises: Heritage CEO Bruce Lucas

The fixed and multi-year pricing of its catastrophe bonds acts as an effective hedge against future reinsurance rate rises, according to Heritage Insurance CEO Bruce Lucas, something that is especially pertinent as major hurricane Irma tracks towards the United States.Like other Floridian primary insurers, Lucas' company wants to highlight its read the full article →

Irma & Harvey losses combined may still just be an earnings event: Morgan Stanley

Reflecting just how well capitalised the reinsurance industry is, analysts at Morgan Stanley said today that they believe that even the aggregate industry losses from hurricane Irma and hurricane Harvey combined could still only be an earnings event for the sector, rather than a capital event.Hurricane Harvey alone was always read the full article →

Hurricane Irma live cat activity focused on $40bn+ loss, pricing uncertain

The market for live cat (live catastrophe) trading on the back of the approaching major hurricane Irma has not yet sprung into life, with plenty of potential buyers looking for last-minute protection but only a few trades and a market that is trying to find the right pricing levels to read the full article →

Hurricane Irma landfall in Florida would hit reinsurers hard: KBW

It's very early days to speculate on landfall for major hurricane Irma, which became a Category 5 monster storm this afternoon with winds of 180 mph, but should the forecast track prove correct and Irma make landfall in Florida it is expected that it would hit reinsurance interests hard, according read the full article →

Hurricane Irma a potential U.S. (Florida) threat this weekend

Latest hurricane Irma updates can be found in this new article. Major category 5 hurricane Irma is currently heading west across the Atlantic, with winds of 180 mph and a forecast that shows maintained intensity and a potential threat to the United States coastline by this weekend, including south Florida, read the full article →