catastrophe fund


Proposal to shrink Florida Hurricane Catastrophe Fund sent to Governor

We wrote earlier this year about the need to shrink the Florida Hurricane Catastrophe Fund and allow the private reinsurance and risk transfer markets to step in to provide cover where the Fund is now struggling. The Fund faces a large shortfall should any major hurricane strike the State of read the full article →

Shrink the State catastrophe fund and use private market risk transfer instruments

The headline above is something that we hear every year as the U.S. hurricane season approaches and legislators begin their annual discussions about the best way to manage and run State wide catastrophe insurance funds and insurers of last resort. In recent years the discussions have been getting so complex, read the full article →

Does the word ‘catastrophe’ put off bond investors?

There's an interesting article on Bloomberg today regarding the Florida Hurricane Catastrophe Fund. It seems that the fund suspects that their bonds aren't getting the investment interest they should due to the word 'catastrophe' being in the organisations name. The bonds of the Florida Hurricane Catastrophe Fund Finance Corp. are said read the full article →

Brazil president approves rural catastrophe insurance fund

The Brazilian president Luiz Inacio Lula da Silva has signed into law a bill which will allow the creation of a catastrophe fund designed to protect the rural sector. The federal government will invest up to 4b reais ($2.27b) into the catastrophe fund through bonds, half during the first year of read the full article →