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Munich Re have announced their results for the first quarter of 2011 this morning. As expected they have posted a significant loss due to the disasters which have occurred in the first three months of the year in Australia, New Zealand and Japan. However they have also provided some further insight into the fated Muteki […]

Finally confirmation has emerged that the $300m Muteki Ltd. catastrophe bond issued in 2008 by Munich Re on behalf of Japanese cooperative Zenkyoren is a total loss after being triggered by the 11th March earthquake off the coast of Tohoku, Japan. The market has been expecting the loss and it’s been priced in to the […]

Rating agency Moody’s has downgraded the notes of catastrophe bond Muteki Ltd. today as they believe the deal will be triggered (which we suggested was possible earlier) and they expect a total loss of principal to investors in the transaction. The $300m Series 2008-1 deal provided protection to Munich Re for certain reinsurance contracts they […]

We’ve received a number of reports over night from sources suggesting that the $300m Muteki Ltd. catastrophe bond, issued by Munich Re on behalf of Japanese cooperative Zenkyoren, has been triggered by the 11th March earthquake in Japan. The transaction is measured against the K-Net data, which we understood was still not complete, but sources […]

Despite being untested in the face of a major loss event and their relatively short existence, catastrophe bonds have a strong history of paying claims and the payment timeline is actually similar to that of traditional reinsurers, according to Standard & Poor’s (S&P).

Investors in the MultiCat Mexico Ltd. (Series 2012-1) Class C catastrophe bond notes will not face any loss due to September’s hurricane Odile as calculation made using the latest data from the NHC deems the parametric trigger had not been triggered.

Zenkyoren, the Japanese National Mutual Insurance Federation of Agricultural Cooperatives, is once again returning to the catastrophe bond market to expand its reinsurance protection for Japanese earthquake risks, with a new cat bond called Nakama Re Ltd. (Series 2013-1), we understand.

The Tohoku, Japan earthquake and tsunami event in March 2011 was so impactful that it has changed scientists views of earthquake risk across Japan. Nobody expected such a huge tsunami to occur and even though Japan is one of the most earthquake exposed countries in the world, the magnitude and location of the quake were […]

The European Insurance and Occupational Pensions Authority (EIOPA), one of the three supervisory entities in the European System of Financial Supervision and responsible for the insurance, reinsurance and pensions sectors, has published its latest Financial Stability Report for the first half of 2012. The report looks at issues affecting the financial stability of the re/insurance […]

GC Securities, the capital markets arm of broker Guy Carpenter and a division of MMC Securities, have published a press release regarding the recent completion of the Kibou Ltd. Japanese earthquake catastrophe bond. The $300m transaction is the first pure Japan earthquake cat bond to come to market since the Tohoku earthquake of March 2011.