windstorm

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 create an index which is […]

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 re/insurance product will initially target […]

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 Bermudian special purpose insurer Eurus […]

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 county and line of business, […]

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 […]

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.

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.

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 other perils such as tropical […]

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.