typhoon

Risk modeller RMS have confirmed that there will be no impact to the Montana Re Ltd. Series 2010-1 catastrophe bond as a result of the damage caused by typhoon Roke in Japan. We wrote a week ago that the market was not expecting the losses from Roke to be severe enough to trigger any catastrophe […]

Typhoon Roke, the 15th named storm of the northwest Pacific typhoon season, made landfall on Honshu island, Japan on the 21st September. A major storm with winds of 180kmh, typhoon Roke was a category 2 typhoon. Roke travelled across as much as 350km of Japan, impacting Tokyo where transport disruption and some falling trees were […]

At the beginning of September we wrote about the latest and also the largest private catastrophe bond transaction, Kizuna Re Ltd. Kizuna Re is a $160m cat bond which provides sponsor Tokio Marine with a source of reinsurance cover for Japanese typhoon risks was issued as an unrated private transaction to a small group of […]

Risk modeller AIR Worldwide has reported that tropical storm Talas, which made landfall on the Japanese island Shikoku on Friday before heading across the main island of Honshu has caused extensive damage despite being a weak storm. Talas dropped significant amounts of rainfall on Japan as it slowed and crossed the islands very slowly, allowing […]

We’ve uncovered some further details on the Kizuna Re Ltd. privately placed catastrophe bond transaction which we wrote about earlier today. The $160m cat bond provides cover to sponsor Tokio Marine for some of their Japanese typhoon windstorm risks.

Our earlier article on the recently completed Kizuna Re Ltd. private catastrophe bond transaction contained an inaccuracy. We said the deal covered Japanese earthquake risks, but it transpires that the deal actually covered $160m worth of Japanese typhoon and windstorm risks.

China is a country particularly exposed to damaging losses from a range of natural catastrophes and severe weather events and it regularly suffers billions of dollars of economic losses per year and major loss of life. Despite this fact insurance penetration is low across the country and natural catastrophe coverage is hard to come by.

A typhoon in the west pacific basin could threaten southern Japan. Currently typhoon 08W, named Ma-On, is around 1000 miles south of Tokyo and due to turn northwards towards the southern tip of Japan.

Risk Management Solutions (RMS) have launched a new risk model covering both mainland China and Hong kong typhoon risks. Flood is one of the key loss drivers of typhoon events and China is a country that suffers particularly badly. The RMS® China Typhoon Model is said to deliver significant advancements in quantifying flood risk from […]

As many as eighty cooperatives in the Philippines are said to be considering a microinsurance product (our previous coverage here) designed to protect them from the impact to their loan portfolios caused by natural disasters and extreme weather involving wind and rainfall.