catastrophe

The story of the Mariah Re Ltd. catastrophe bonds is not over yet. The two severe thunderstorm cat bond issuances by the Mariah Re Ltd. special purpose vehicle were both stricken by one of  the worst U.S. tornado seasons on record in 2011, causing both series of cat bond notes issued by Mariah Re to […]

The year 2012 saw global insurance premium growth resume, after 2011 saw a contraction, according to the latest Sigma report from reinsurer Swiss Re. Premiums are set to continue to grow at a moderate pace, with non-life and emerging markets leading the way. This could lead to new opportunities for the insurance-linked securities (ILS) and […]

A new firm called Phoenix CRetro has launched targeting the catastrophe retrocessional reinsurance market while offering a way for institutional investors and capital providers such as re/insurers in Central and Eastern Europe (CEE), the Commonwealth of Independent States (CIS) which consists of countries formerly part of the Soviet Union and the Middle East & North […]

A recently formed, Bermuda-based, enterprise risk software development consultancy called Treefrog Consulting Ltd. aims to target both the traditional reinsurance sector and the alternative reinsurance capital and insurance-linked securities (ILS) space with its services.

The growth of convergence reinsurance capacity, largely third-party investor backed, has seen strong growth over recent years. According to reinsurance broker Guy Carpenter, alternative reinsurance capacity has grown from just 8% of the global property catastrophe reinsurance market at the end of 2008 and looks set to reach 15% by the end of this year.

The United States saw 11 weather and climate disaster events which each caused losses exceeding $1 billion in 2012, according to data from the NOAA. That makes 2012 the second most costly year in terms of economic damages since 1980, with a total of more than $110 billion of damages over the course of the […]

Risk modelling firm AIR Worldwide has just published a very timely update to its ‘The Coastline at Risk‘ report, in which it presents updated estimates for the insured value of residential and commercial U.S. properties in states and counties  along the Atlantic eastern seaboard and the Gulf Coast.

A report published by the United Nations Office for Disaster Risk Reduction (UNISDR) suggests that economic losses from natural disasters and catastrophe events have been dramatically underestimated in the past. The report suggests that economic losses from floods, earthquakes and droughts alone have been underestimated by as much as 50% and that the actual figure […]

The world’s largest reinsurer Munich Re expects the global insurance market to grow strongly over the rest of this decade as emerging economies come up to speed, according to a study published today. Munich Re’s Insurance Market Outlook 2013 concludes that both primary property and casualty insurance and life insurance premiums will grow strongly, while […]

U.S. primary insurer Allstate’s latest catastrophe bond deal, Sanders Re Ltd. (Series 2013-1), has now completed and the first risk period has begun. With Sanders Re 2013 Allstate has secured itself a new $350m layer of capital market backed fully-collateralized reinsurance protection for covered U.S. hurricanes and earthquakes, including fire following, on an industry loss […]