event-linked futures

Marsh has teamed up with Berkshire Hathaway to create a windstorm insurance program aiming to bring capacity back to the hard-hit energy companies who operate in the Gulf of Mexico. The program has been called the Cost and Certainty Coverage Program (or Triple C for short) and carries $500m of aggregate, annual capacity. Underwritten by […]

Interesting news from Arch Capital in their 2008 fourth quarter financial results that they have doubled their estimate of losses incurred from hurricane Ike. They say this is due to increased industry loss estimates of $18b to $21b as well as from additional information received from clients about actual losses. Seeing loss estimates doubling in […]

Amlin Plc have issued their latest estimate of losses sustained from Hurricane’s Ike and Gustav. They expect their own losses from these two storms to be $285m, net of reinsurance and reinstatement premiums. They have also announced their own estimate of market wide losses from Hurricane Ike. They expect Ike to cause in excess of […]