workers compensation

Praedicat, a leading casualty catastrophe risk modelling company, has secured a $6 million Series AA round of investment, from sources including existing investor catastrophe risk modelling specialist Risk Management Solutions, Inc. (RMS) and Jacques Dubois.

In an interview with Artemis, Jim Robinson of MultiStrat Advisors Inc. recently discussed the novel casualty insurance-linked securities (ILS) transaction the firm arranged for HSCM Bermuda, the ILS, reinsurance and transportation finance investment firm established by ex-Goldman Sachs structured finance head Michael Millette.

Insurance and reinsurance specialist investment manager Hudson Structured Capital Management is allocating to a novel third-party liability, or casualty risk, transaction that has been arranged by MultiStrat Advisors Ltd., enabling it to access the returns of workers’ compensation insurance risks.

In an article published yesterday on its BestWire service, rating agency A.M. Best discussed the maturation of the catastrophe bond market, citing the near record levels of issuance in 2012 as evidence of a rapidly maturing market. While the market may be maturing, A.M. Best agree with our position that the market needs to find […]

The Golden State Re Ltd. catastrophe bond, which completed recently to provide the California State Compensation Insurance Fund (SCIF) with protection for certain workers compensation claims resulting from major earthquakes, has now had the cat bond notes it issued approved for listing on the Bermuda Stock Exchange (BSX).

Risk Management Solutions (RMS) provided risk modelling, analysis and acts as calculation agent for the recently closed $200m Golden State Re Ltd. catastrophe bond. The innovative deal provides cover for workers compensation claims that result from earthquakes and as such the modelling aspect is unique in the cat bond market and features payout factors based […]

The recently completed Golden State Re Ltd. catastrophe bond, designed to provide the California State Compensation Insurance Fund (SCIF) with a source of reinsurance cover for workers compensation claims resulting from major earthquakes, has been hailed as groundbreaking by many. The linkage this deal provides between earthquake losses and the resulting workers compensation claims is […]

The Golden State Re Ltd. catastrophe bond, which is designed to provide the California State Compensation Insurance Fund (SCIF) with protection for certain workers compensation claims resulting from major earthquakes has successfully completed and secured $200m of cover for the SCIF. This unique deal links earthquake intensity and severity to workers compensation loss totals, providing […]

The capital markets and particularly catastrophe bonds have proved very good ways of absorbing the risks of natural disasters. Similar insurance-linked securities are now successfully transferring life insurance and longevity risks to the capital markets. But at a recent conference insurers highlighted the need and desire to expand the types of risks transferred to include […]