risk transfer

Australian states have been told that they can no longer rely on Commonwealth aid alone in the event of major natural disasters. The 30 year old natural disaster relief arrangements are to be rewritten following a government agreement yesterday which will state that the amount of relief given to states after a disaster will be […]

The sun last week sent out the strongest solar flare for the last four years and scientists warn that this is a sign of things to come as we head toward a period of increased sunspot and solar storm activity. The next solar maximum, as it is called, is expected in 2013. This is when […]

A report published today by Mercer and a group of leading global investors concludes that continuing to delay on climate change policy action and a lack of international coordination could cost institutional investors trillions of dollars. Failure to factor climate change into a long term investment strategy could result in both losses and missed opportunities.

At a press briefing held at their London offices this morning, Swiss Re predicted that the insurance-linked securities and catastrophe bond market will return to absolute growth during 2011 following three years where outstanding risk capital contracted.

UK motoring organisation The Automobile Association (AA) has seen a 23% jump in claims coming in to its insurance call centre due to the UK’s continuing icy and snowy spell of weather. Almost one third of all the motor claims logged with the AA’s insurer were related to snow and ice during this period.

The Chief Risk Officers (CRO) Forum, a professional group of chief risk officers and risk managers from large insurance and reinsurance companies, has published a position paper which advocates the capital markets becoming an active player in longevity risk transfer.

It’s that time of year when companies who have exposures due to colder weather are watching the long range weather forecasts and deciding whether or not to hedge their weather risks this year. We’re hearing that there has been increased interest in cold weather hedging this year after the extremes experienced in some parts of […]

Flooding is a real problem in Canada. The insurance industry reacted to this problem in the past by making it impossible for Canadian homeowners to purchase overland flood insurance for their properties. Instead they have to rely on government assistance programs after flood events.

Hymans Robertson LLP, the pensions actuarial consultancy, has predicted a buoyant pension scheme risk transfer market for the 4th quarter of 2010 and into 2011. In a report published last week Hymans Robertson they said they expect to see a quarter of FTSE 100 companies enter into a material pension scheme risk transfer deal by […]

A report from the Florida Office of Insurance Regulation highlights one of the fastest growing risks to re/insurers in Florida, sinkholes. Sinkhole related claims have been rising fast and have been spreading to areas of Florida not previously known for this issue.