Parametric ‘cat in a box’ Israel earthquake reinsurance deal completed

A first of its kind Israel earthquake parametric reinsurance transaction has been brought to market successfully by reinsurance firm Munich Re and capital markets reinsurance broker arm Aon Benfield Securities for Israeli insurer I.D.I. The innovative transaction uses a parametric 'cat in a box' solution, which would enable any potential loss read the full article →

Discussions about catastrophe bonds continue in Israel

Back in January we wrote that the government in Israel were looking seriously at catastrophe bonds as a mechanism to prepare their finances for the possible economic shock of a major earthquake. A study undertaken by their National Economic Council concluded that Israel's government finances were not prepared for a read the full article →

Israel looking at catastrophe bonds for earthquake risk

Israeli government finances are not prepared for the potential shock of a huge earthquake concluded a piece of work by their National Economic Council. The business sector has insurance in place but residential insurance is not so well prepared and the government finances themselves are said to be less capable read the full article →