catastrophe fund


Florida Hurricane Cat Fund approved to buy $1B of reinsurance cover

The Florida Cabinet's State Board of Administration and Governor Scott have now approved the Florida Hurricane Catastrophe Fund (FHCF) to buy $1 billion of private reinsurance coverage, from a combination of traditional and collateralized reinsurance. As we wrote earlier today, the FHCF and State Board of Administration was taking a proposal read the full article →

Florida Cat Fund to seek $1B reinsurance or collateralized (no cat bonds)

The Florida Hurricane Catastrophe Fund (FHCF) is getting closer to accessing the private reinsurance and risk transfer markets for the first time, as it seeks to better protect itself and take advantage of near-record low reinsurance rates for Florida property catastrophe risks. Update: The proposal detailed below was approved at the read the full article →

Florida cat fund approved to pursue up to $2.2B of risk transfer

The Florida Cabinet and Governor Scott have just approved the CEO of the Florida Hurricane Catastrophe Fund (FHCF) to go to the private reinsurance and capital markets to establish options and pricing for up to $2.2 billion of risk transfer. It's a ground breaking step for the FHCF, which has been read the full article →

Florida Hurricane Cat Fund seeks $2.2B private reinsurance approval

The Florida Hurricane Catastrophe Fund (FHCF), the state's backstop reinsurance fund for private insurers, is once again seeking approval from the Cabinet to tap the private reinsurance markets for up to $2.2 billion of protection. Update: The FHCF was approved to pursue the $2.2 billion of reinsurance and risk transfer on read the full article →

China catastrophe re/insurance system development a ‘difficult project’

Developing a system for catastrophe insurance, reinsurance and a catastrophe fund, across a country as large, diverse and affected by so many natural catastrophe perils as China, is a "very difficult project" according to the China Insurance Regulatory Commission. In a press conference held today, Wang Zuji, the vice chairman of read the full article →

Hedge funds and private equity funds increasingly investing in re/insurance: Appleby

Global law firm Appleby, who with their teams in Bermuda and the Cayman Islands have a particular focus on legal services for reinsurance, catastrophe bonds, ILS and the convergence market, said in a recent update that it is seeing increasing levels of investment by hedge funds and private equity funds read the full article →

Dedicated investment funds dominate catastrophe bond and ILS market

Yesterday we wrote about Aon Benfield Securities latest annual insurance-linked securities and catastrophe bond market report, which shows that in the twelve months to 30th June 2012 the ILS market has experienced a stellar year of performance. As usual we will highlight some interesting points from the report over the read the full article →

Thailand’s OIC to propose Asean catastrophe reinsurance fund

Thailand's Office of Insurance Commission have been discussing ways that the Asean (southeast Asian) region could increase the amount of catastrophe reinsurance cover they acquire and lower their costs. The OIC, who have recently launched their own catastrophe insurance pool, are actively promoting an idea to have an Asean natural read the full article →

Thai catastrophe fund nears launch, policies could be parametric

Thailand's new catastrophe fund, established in the wake of the catastrophic flooding the country experienced last year, is nearing launch as the Office of Insurance Commission and people responsible for the fund finalise the details  of the scheme. Thai Reinsurance Plc has been tipped to become the manager of the read the full article →

Thailand to establish catastrophe insurance fund

Thailand's regulator the Office of Insurance Commission has announced that they are working with members of the re/insurance industry to establish a catastrophe fund which aims to bring more affordable natural catastrophe insurance coverage to households and businesses in the country. The need for a catastrophe fund has been raised read the full article →