Kalista Global launches index-based El Nino re/insurance cover

Bermuda based insurance and reinsurance services firm Kalista Global which has a focus on the insurance-linked securities, catastrophe bond, parametric re/insurance and alternative reinsurance sectors, has launched a new product offering which it is calling ENSO-based Parametric Cover (EPC for short). The parametric product utilises sea surface temperature readings to read the full article →

Kalista launches parametric catastrophe re/insurance products

Kalista Global, a Bermuda based insurance and reinsurance services firm with a focus on the ILS, catastrophe bond and alternative reinsurance sectors, is launching a range of re/insurance products which utilise parametric triggers. The product which Kalista Global says is "game-changing and innovative" is called Parametric Catastrophe Solutions. The property read the full article →

Hannover Re marketing Eurus III Ltd. European windstorm catastrophe bond

Catastrophe bond market participants will be pleased to see a new cat bond deal come to market during these typically lean summer months when primary issuance slows down. The new cat bond transaction, which is the 21st deal of the year according to our Deal Directory, is being issued through read the full article →

Verisk Catastrophe Index wins reinsurance initiative of the year award

The Verisk Catastrophe Index created by risk information and analysis firm Verisk Analytics just over a year ago, has won an industry award naming it the Re/Insurance Initiative of the Year at the Worldwide Reinsurance Awards in London recently. The catastrophe index provides high resolution insured property loss estimates, by read the full article →

Clariden Leu invested in the Kizuna Re private catastrophe bond

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 read the full article →

Further details on the Kizuna Re Ltd. catastrophe bond

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. We've now discovered that the transaction has a three year term, with read the full article →

Kizuna Re Ltd. catastrophe bond covers Japan typhoon 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. It has also been reported by Trading Risk that the read the full article →

Marsh to offer index-based earthquake and windstorm insurance solution

Marsh have announced that they are to begin selling the County Weighted Industry Loss (CWIL™) solution, which was developed in 2010 by Guy Carpenter as an index-based reinsurance contract issued by Nephila Capital. CWIL is now available to Marsh clients with exposure to U.S. windstorms or earthquakes and European windstorms. CWIL read the full article →

Verisk Catastrophe Index expands to include U.S. earthquake risk

Verisk Analytics, the parent company of AIR Worldwide and the Property Claims Services (PCS) brands, has expanded its Verisk Catastrophe Index to include U.S. earthquake risks. When the index was launched in July last year it only covered U.S. hurricane risks but Verisk planned to broaden its coverage to include read the full article →

PERILS updates Europe windstorm industry exposure database

PERILS AG, the independent Zurich-based company providing industry-wide European catastrophe insurance data, has released an updated version of its PERILS Europe Windstorm Industry Exposure Database. The database contains updated market-wide property sums insured for: Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Switzerland and the United Kingdom. The data is taken read the full article →