risk

The debate over what instrument catastrophe bonds should use as a source of collateral going forwards is raging. There’s an interesting article here on Insurance Journal discussing this issue (but sadly not offering any solution). This feels like an issue which is not going to be solved by a one size fits all replacement for […]

The catastrophe bond market has got off to a good start this year after the issues of 2008. In a further sign of the increasing health and confidence in the issuance of catastrophe linked securities, it’s emerged today that the recent Blue Fin Ltd. deal from Allianz Argos 14 GmbH has increased in size. This […]

AIR Worldwide has announced that it has now modeled the risks on over $10b worth of catastrophe bonds since the market took off in 1996. They also claim to have modeled the risks on over 56% of the deals struck since 2007. During 2008 they provided services to 70% of the catastrophe bond capital issued […]

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has received funding for the 2009 hurricane season from the European Union. The EU has put forwards €12.5m to help shore up the fund in case of a disaster and allow it to pay claims more easily. The cat facilities reserve pool now consists of many entities including […]

Climate Change PLC has announced it’s full year figures for 2008. As the owners of the Insurance Futures Exchange (IFEX) they have numbers to share on how well the hurricane risk trading facility (housed at the Chicago Climate Futures Exchange) has performed in the first full year of windstorm futures trading. They report that the […]

Guy Carpenter have been awarded a grant by the Microinsurance Innovation Facility to allow them to develop a reinsurance facility for microfinance operations. Using the grant Guy Carpenter will create the infrastructure for a reinsurance pooling facility dedicated to microfinance risk transfer solutions. This will enable microfinance initiatives to access the global reinsurance and risk […]

The Cayman Islands will not receive any payout from the Caribbean Catastrophe Risk Insurance Facility for the damage incurred on Cayman Brac from hurricane Paloma. As we said a few weeks ago, this is due to the high deductible level purchased by the Cayman Islands. The high deductible means that for the storm to have […]

Wildfires are raging again in southern California, destroying hundreds of homes and causing many to flee the area. A state of emergency has been declared in Orange, Los Angeles and Santa Barbara counties as winds have been fanning the flames making the fire-crews work even more dangerous. The last few years have seen an increasingly […]