live cat


ILS industry recognised Florence would not be market-changing

The insurance-linked securities (ILS) industry and third-party reinsurance capital providers recognised that hurricane Florence would not be a market-changing event and reacted accordingly. As a result there was no real panic buying or selling of exposed ILS assets, catastrophe bonds or otherwise, nor was there a rush of live cat and read the full article →

Hurricane Florence wind & storm surge loss up to $4.6bn: AIR

The impact to insurance and reinsurance interests from the wind and storm surge damage caused by hurricane Florence is estimated to be in a range from $1.7 billion to as much as $4.6 billion, by AIR Worldwide. The catastrophe risk modeling firm said today that industry insured losses from hurricane Florence’s read the full article →

Florence saw less ILW and live cat activity than other recent storms

Activity in the market for live cat (live catastrophe) trading and protection buying was lighter for hurricane Florence than other recent storms, in terms of volume traded, but some ILW trades were completed as the storm approached. Compared to other recent storms, such as the 2017 hurricanes Harvey, Irma and Maria, read the full article →

Live cat hurricane risk model launched by Karen Clark & Co.

Catastrophe risk modelling specialist Karen Clark & Company (KCC) has launched a new product designed to allow re/insurers to track potential claims and losses from hurricanes in real-time, while allowing them to analyse key exposure metrics. The live cat (live catastrophe) risk model will help insurance or reinsurance companies and also read the full article →

Dead cats awaken as Harvey risk trading continues post-landfall

Risk trading based on industry loss triggers linked to hurricane Harvey's eventual insurance and reinsurance industry toll continued last week, with so-called "dead cat" trades taking place and the focus of counterparties shifting to higher levels of loss. As hurricane Harvey approached the Texas coastline there was some "live cat" trading read the full article →

Cat bond funds don’t expect Harvey loss, private ILS more exposed

Catastrophe bond fund managers are not anticipating any loss to their investment holdings due to hurricane Harvey, although the mark-to-market impact witnessed in recent days could cause a limited hit to net asset values as cat bond positions thought most at risk of a major Harvey hit recover. The latest insurance read the full article →

AIR puts Harvey wind & surge insured loss at up to $2.3bn

Risk modelling firm AIR Worldwide has estimates that wind and storm surge damage related insurance industry losses from hurricane Harvey will range from $1.2 billion up to $2.3 billion, a figure set to fall far below the final flood related economic and even insured loss tally. AIR notes that its estimate read the full article →

Cat bond market drops on Harvey, close shave for Fonden 2017 deal?

The catastrophe bond market dropped on Friday as hurricane Harvey approached the Texas coastline, reflecting a little nervousness among investors regarding a few outstanding cat bonds that were deemed the most exposed to the storm, based on the forecasts at the time. The Swiss Re Cat Bond Price Return index dropped read the full article →

Live cat trades completed on hurricane Harvey threat

The so-called “live cat” market came to life as hurricane Harvey approached the Texas coastline, eventually making landfall as a Category 4 storm, as re/insurers and some ILS funds looked to lock in last-minute protection and we understand that a number of ILW’s traded, but volume was relatively light, according read the full article →

Cyclone Debbie insured loss nears $900m: ICA

The insurance industry loss from cyclone Debbie has continued to rise, with data from the Insurance Council of Australia (ICA) showing that almost AU$900 million of insured losses have now been recorded from 56,135 claims, an increase of 36% since the 11th April. An ICA representative told Artemis that insured loss read the full article →