european windstorm

We now have further details for you on the recently launched Green Fields II Capital Ltd. (Series 2013-1) catastrophe transaction. The Green Fields II Capital cat bond sees French insurer Groupama looking to utilise the capital markets to source an expanded and extended source of French windstorm reinsurance coverage.

French insurance and banking group Groupama is seeking to extend the cover it receives from the capital markets through catastrophe bond issuances with a new transaction, Green Fields II Capital Ltd. (Series 2013-1). The transaction will give the French insurer an expanded and extended source of French windstorm reinsurance coverage.

Zurich based PERILS AG, an independent provider of industry-wide European catastrophe insurance data and loss indices, has seen continued strong usage of its loss data and indices by the reinsurance and catastrophe bond sector in the last twelve months. The total amount of PERILS-based limits at risk has grown by 22% over the course of […]

A recently published study suggests that western Europe will be hit by an increasing number of hurricane like and hybrid storms, not unlike hurricane Sandy, as the global climate warms. The study titled ‘More hurricanes to hit Western Europe due to global warming‘ suggests that by the end of this century western Europe could see […]

Reinsurance broker Aon Benfield’s catastrophe model development arm Impact Forecasting released its latest annual study of catastrophe events and the resulting economic and insured losses yesterday. The Annual Global Climate and Catastrophe Report looks back at the disasters of 2012 and provides statistics and analysis on the year versus prior loss years. Hurricane Sandy, unsurprisingly, […]

The United States (U.S.) dominated natural catastrophe insured losses in 2012, according to the world’s largest reinsurer Munich Re in its review of worldwide natural catastrophes which it published this week. As much as 90% of the global natural catastrophe insured loss total is attributed to events in the U.S. with Munich Re saying that […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, has today published their fourth and final loss report and estimate for European windstorm Andrea, a storm which impacted the UK and Western Europe from 4th to 5th January 2012. The loss estimate has been reduced by €1m to leave […]

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data and loss indices, has issued their fourth and final loss estimate for European windstorm Joachim, a storm which impacted Western Europe from 15 – 17 December 2011. The loss estimate has been reduced by €33m to leave a final property insurance market loss […]

PERILS AG, the Zurich-based independent provider of industry-wide European catastrophe insurance data and loss indices, has published an update on its progress and how widely used its data has become. The service has a primary focus on European windstorm loss data and indices for construction of industry-loss based catastrophe bonds, ILW’s and private transactions, but […]

It’s always interesting to hear from the sponsors of catastrophe bonds after the deal closes to better understand the motivations and benefits they feel the transaction brings to their risk management and transfer program. This is even more interesting when it’s a government who are the ultimate beneficiary of a cat bond deal, such as […]