Anchorage, Alaska hit by magnitude 7.0 earthquake

An earthquake struck around 12 kilometres to the north of Anchorage, Alaska on Friday 30th November, causing widespread damage to infrastructure and an expectation of thousands of minor incidences of property damage as impacts to homes were also widespread, although not expected to result in severe losses.The USGS said there read the full article →

Golden State Re II 2018 cat bond shrinks slightly, priced at top-end

It appears that investor appetite for the new Golden State Re II Ltd. (Series 2018-1) catastrophe bond, that provides reinsurance protection for workers compensation claims caused by earthquakes, has not been as high as expected, as the deal has shrunk slightly to $210 million in size, while the pricing has read the full article →

Golden State Re II 2018 workers comp quake cat bond renewal launches

A renewal of the only catastrophe bond in the market that provides its sponsor with reinsurance protection for workers compensation claims caused by earthquakes is underway, as a currently $225 million Golden State Re II Ltd. (Series 2018-1) transaction has been launched to the market.This is now the third cat read the full article →

Osaka & Hokkaido earthquake claims near $1 billion

Insurance firms that underwrite earthquake insurance in Japan are facing almost $1 billion of claims from this years Osaka and Hokkaido earthquakes, according to the latest data from the local insurance association.Insurance claims paid following the shallow magnitude 5.3 earthquake that hit the Osaka prefecture region of Japan in June read the full article →

Sulawesi, Indonesia earthquake & tsunami highlight risk transfer gap

A devastating earthquake that struck the Indonesian island of Sulawesi on Friday causing a tsunami is expected to have resulted in more than 1,000 deaths, according to reports, with widespread destruction reported along the coastline and some areas still unreachable.Friday's tragic earthquake event struck Sulawesi at magnitude 7.5 and the read the full article →

Should Fannie & Freddie transfer earthquake risk to the capital markets?

The two government-sponsored enterprises (GSE's) in mortgage risk, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (the Federal Home Loan Mortgage Corporation), should be required to transfer some of the earthquake risk exposure they carry to the capital markets, according to a report.The report from nonprofit, nonpartisan, public read the full article →

Osaka quake insurance market loss reaches $770m

Insurance claims paid following the shallow magnitude 5.3 earthquake that struck the Osaka prefecture area of Japan in June 2018 now total almost $770 million (JPY 86.6bn), according to the countries insurance association.Japan has been hit by numerous catastrophe and severe weather events in recent months, with the Osaka earthquake read the full article →

Japan may face billion dollar losses from typhoon Jebi, Hokkaido quake

Japan and its insurance industry may be facing billion of dollars of losses from the impacts of yesterday's magnitude 6.7 earthquake in Hokkaido and recent typhoon Jebi, which was the strongest storm to hit the Japanese mainland in 25 years.Japan has been beset by weather and catastrophe losses in recent read the full article →

Hokkaido, Japan quake unlikely to hit any cat bonds: Plenum

The magnitude 6.7 earthquake that struck the Sapporo region of Hokkaido, Japan early this morning is not anticipated to cause any losses to the catastrophe bond market, despite as much as 8% of outstanding cat bond risk capital could be exposed to an earthquake striking the country.Artemis' data shows that read the full article →

Strong M6.7 earthquake strikes Sapporo area of Hokkaido, Japan

At least two people have died and currently over 30 unaccounted for following a strong magnitude 6.7 earthquake that struck the Sapporo area of Hokkaido in Japan this morning, causing damage to property, infrastructure and landslides that have engulfed more dwellings.The earthquake struck at 3:08am local time around 39 miles read the full article →