risk transfer

Today saw the relaunch of the much anticipated Hurricane Risk Landfall Options (HuRLOTM) from Weather Risk Solutions, LLC. We wrote about HuRLOs when they launched as a pilot back in October 2008 with much anticipation of the full launch as they offer an easily accessible method to hedge against landfalling hurricanes. Trading opens today on […]

The Caribbean islands are particularly prone to the risks and potential impact of climate change. Their financial status, stage of development of their economies and geography leave them particularly vulnerable to both the perils of sea level rise and increased frequency of natural disasters. The World Bank helped to form the Caribbean Catastrophe Risk Insurance […]

The offshore wind energy industry is growing rapidly. It’s an environmentally friendly and sustainable form of energy production which is getting more focus as governments begin to support companies wanting to build offshore wind farms both financially and by allowing them access to areas of coastline which are perfect sites. As this industry grows the […]

Further details on the structure of Munich Re’s Ianus Capital Ltd. catastrophe bond have been released through the press release of EQECAT Ltd. The full press release is below. EQECAT, Inc. provided risk modeling to Munich Re in the issuance of a €50m catastrophe bond transferring European winter storm and Turkish earthquake risks to the […]

A few more details have come to light on the Swiss Re Calabash Re III deal through the press release from risk modelling agency Risk Management Solutions (RMS). The full press release is below. Risk Management Solutions (RMS) has completed the expert modeling analysis in connection with the securities offering undertaken by Calabash Re III […]

The UK Met Office has released it’s forecast for the 2009 Atlantic hurricane season. Interestingly they have come forth with the tamest prediction I have seen for many years. The Met Office have predicted only six named tropical storms in the 2009 season. That’s lower than any other recognised forecaster and is less than half […]

The results of the most recent annual survey by the Weather Risk Management Association and Pricewaterhouse Coopers have been released at the WRMA conference yesterday. Here are some of the highlights of the report which covered the period April 1st to March 31st. Volume of contracts exchanged, both in OTC and exchange traded deals plummeted to […]

It’s now three days until the official start of the Atlantic hurricane season and the season has got off to an early start with the formation of the first tropical depression yesterday. For Florida policymakers this means it’s time for another try at getting some new legislation in place to provide a means to increase […]

USAA’s 13th catastrophe bond in the Residential Re series, Residential Reinsurance 2009 Ltd. has been in demand. The deal started life as $150m, but due to  what is assumed to be a combination of investor demand and USAA sensing the opportunity to transfer more risk to the capital markets, it’s been increased to $250m. Originally […]

The Atlantic Tropical Storm and Hurricane Season officially starts on the 1st of June. With less than two weeks to go we thought we’d give you an update on how some of the best respected forecasters see the threat from the 2009 season. It seems that the Atlantic tropics could become active sooner than we […]