windstorm

In the midst of the uncertainty surrounding the events in Japan, the catastrophe bond market will be encouraged to see the announcement from GC Securities that they have successfully helped Munich Re complete their latest catastrophe bond transaction. GC Securities have been involved in three cat bond transactions during Q1 2011.

Another catastrophe bond transaction managed to close just before the end of 2010. The Green Fields Capital Ltd. catastrophe bond (our previous coverage here) which was issued by Swiss Re to give them extra cover for some of the reinsurance they provide to Groupama. This effectively helps to guarantee the reinsurance cover Groupama receive from […]

Press release from Guy Carpenter with extra commentary below it and reference to their study published on GCCapitalIdeas.com:

Swiss Re has published some early figures on the amount of economic and insured losses suffered during 2010 from natural catastrophes and man-made disasters around the world. According to Swiss Re’s sigma team, early estimates put worldwide economic losses from natural catastrophes and man-made disasters at a massive $222 billion in 2010 with insured losses […]

Hot on the heels of the completion of the recent Green Valley catastrophe bond another cat bond transaction designed to cover windstorm risks in Europe has begun marketing to investors. This €150m Calypso Capital Ltd. issuance is being arranged by GC Securities and Swiss Re Capital Markets on behalf of AXA Global P&C.

We’ve already covered the Green Valley Ltd. catastrophe bond in some detail on this blog (here and here) and it now resides in our catastrophe bond deal directory. Swiss Re, who issued and arranged the deal, have sent out a press release today announcing completion of the transaction which we felt worth posting for the […]

Sometimes tropical depressions get overlooked. Unless a storm gets a name they are often considered benign and not worth watching or being aware of. Tropical depression 16 is currently traversing Cuba and heading straight for Florida, it’s expected to become Tropical storm Nicole later today as it crosses the sea to Florida.

Most U.S. states which are at risk of landfalling hurricanes have state windstorm plans and pools which are designed to be insurers of last resort for people living in high-risk zones where getting any insurance cover is difficult. So as the ultimate backstop for some states how would they fair if a major hurricane hit?

Zurich have listed what they see as the ‘Top Ten Mega Disasters’ of the last decade on their website.These events have been selected based on loss of life, overall impact to businesses and the geographic scope and duration of the disasters. It also makes sense that these are some of the biggest insurance loss events […]

Swiss Re are bringing to market a second catastrophe bond under the Green Valley Ltd. Cayman Islands domiciled special purpose vehicle on behalf of French insurer Groupama. The transaction which comprises €100m of insurance-linked securities is expected to be completed within the next two weeks.