RiskMarketNewshttp://www.riskmarketnews.com/index.htmlHot News!encwestfall@riskmarketnews.comCopyright 2009 Parametric Publishing, L.L.C.2010-07-07T11:28:17-04:00 hourly 1 2000-01-01T12:00+00:00 Wed, 07 Jul 2010 11:32:34 -0400With Model Set, CCRIF Looks Towards the Capital Marketscwestfall@riskmarketnews.comReinsuranceCatastrophe Bonds2010-07-07T11:28:17-04:00http://www.riskmarketnews.com/files/With_Model_Set_CCRIF_Looks_Towards_the_Capital_Markets.html#unique-entry-id-151http://www.riskmarketnews.com/files/With_Model_Set_CCRIF_Looks_Towards_the_Capital_Markets.html#unique-entry-id-151The Caribbean risk pool will be open to new risk transfer solutions following the completion of an internal model project.]]>Reinsurers' Biggest Catastrophe May Be Lack of Catastrophescwestfall@riskmarketnews.comReinsurance2010-07-07T10:17:26-04:00http://www.riskmarketnews.com/files/Reinsurers_Biggest_Catastrophe_May_Lack_of_Catastrophes.html#unique-entry-id-150http://www.riskmarketnews.com/files/Reinsurers_Biggest_Catastrophe_May_Lack_of_Catastrophes.html#unique-entry-id-150A rush to the bottom may put the industry in a precarious financial spot.]]>Gulf Oil Leads to Liability Clash: RMScwestfall@riskmarketnews.comModeling Firms2010-06-30T13:02:11-04:00http://www.riskmarketnews.com/files/Gulf_Oil_Leads_to_Liability_Clash_RMS.html#unique-entry-id-149http://www.riskmarketnews.com/files/Gulf_Oil_Leads_to_Liability_Clash_RMS.html#unique-entry-id-149The Gulf of Mexico catastrophe highlights the need for better risk portfolio management, the modeler argues.
]]>Alex to Become Hurricane Today with a Dolly-Like Pathcwestfall@riskmarketnews.comModeling Firms2010-06-29T10:46:29-04:00http://www.riskmarketnews.com/files/Alex_to_Become_Hurricane_Today_with_a_Dolly_Like_Path.html#unique-entry-id-148http://www.riskmarketnews.com/files/Alex_to_Become_Hurricane_Today_with_a_Dolly_Like_Path.html#unique-entry-id-148Alex is targeting a wide swath between central Mexico and Texas and its track and strength mimics a 2008 storm that caused $500 million in insured losses.
]]>Wall Street: Too Much Capital Draining P/C ROEcwestfall@riskmarketnews.comReinsurance2010-06-14T09:22:19-04:00http://www.riskmarketnews.com/files/Wall_Street_Too_Much_Capital_Draining_PC_ROE.html#unique-entry-id-147http://www.riskmarketnews.com/files/Wall_Street_Too_Much_Capital_Draining_PC_ROE.html#unique-entry-id-147Return on equity is going one way: down.]]>"Chile is Chile"cwestfall@riskmarketnews.comReinsurance2010-06-11T11:46:28-04:00http://www.riskmarketnews.com/files/Chile_is_Chile.html#unique-entry-id-146http://www.riskmarketnews.com/files/Chile_is_Chile.html#unique-entry-id-146Despite increasing claims, losses from the Chilean earthquake may not harden the broader market.
]]>Downgrades Possible as P/C Reserve Releases Continue: S&Pcwestfall@riskmarketnews.comRegulation2010-06-04T08:48:56-04:00http://www.riskmarketnews.com/files/Downgrades_Possible_as_PC_Reserve_Releases_Continue_%20SP.html#unique-entry-id-145http://www.riskmarketnews.com/files/Downgrades_Possible_as_PC_Reserve_Releases_Continue_%20SP.html#unique-entry-id-145The industry has been giving away precious capital.]]>Flooding in Central Europe, China and U.S. Midwest Dominate May Cat Lossescwestfall@riskmarketnews.comModeling Firms2010-06-03T13:32:40-04:00http://www.riskmarketnews.com/files/Flooding_in_Central_Europe_China_and_US_Midwest_Dominate_May_Cat_Losses.html#unique-entry-id-144http://www.riskmarketnews.com/files/Flooding_in_Central_Europe_China_and_US_Midwest_Dominate_May_Cat_Losses.html#unique-entry-id-144Deepwater Horizon remains the great unknown loss.
]]>"There May Not be Enough Capital to Go Around This Time" cwestfall@riskmarketnews.comReinsurance2010-06-01T14:25:27-04:00http://www.riskmarketnews.com/files/There_May_Not_be_Enough_Capital.html#unique-entry-id-143http://www.riskmarketnews.com/files/There_May_Not_be_Enough_Capital.html#unique-entry-id-143Reports from Moody's and Aon say that the P/C reinsurance industry remains dangerously close the the precipice going into the hurricane season.]]>Guy Carp: Florida Renewals Down, Longer-Term Trends Remain Unclearcwestfall@riskmarketnews.comReinsurance2010-06-01T09:45:01-04:00http://www.riskmarketnews.com/files/Florida_Renewals_Down.html#unique-entry-id-142http://www.riskmarketnews.com/files/Florida_Renewals_Down.html#unique-entry-id-142The Sunshine State may get a breather from reinsurance price increases but a state attempt at long-term stabilization falls short.]]>Swiss Re Cat Bond Index Reveals Healthy First Quartercwestfall@riskmarketnews.comCatastrophe Bonds2010-05-10T11:07:22-04:00http://www.riskmarketnews.com/files/Swiss_Re_Cat_Bond_Index_Reveals_Healthy_First_Quarter.html#unique-entry-id-141http://www.riskmarketnews.com/files/Swiss_Re_Cat_Bond_Index_Reveals_Healthy_First_Quarter.html#unique-entry-id-141Catastrophe bonds have continued to perform despite several challenges.]]>Nationwide to Stop Writing Direct California Quakecwestfall@riskmarketnews.comModeling FirmsRegulation2010-05-06T14:56:26-04:00http://www.riskmarketnews.com/files/Nationwide_to_Stop_Writing_Direct_California_Quake.html#unique-entry-id-140http://www.riskmarketnews.com/files/Nationwide_to_Stop_Writing_Direct_California_Quake.html#unique-entry-id-140The insurer will be hit with surcharge in order to make the switch to CEA.]]>North Pacific Cyclone Season May Be Tamecwestfall@riskmarketnews.comModeling Firms2010-05-05T11:19:52-04:00http://www.riskmarketnews.com/files/North_Pacific_Cyclone_Season_May_Be_Tame.html#unique-entry-id-139http://www.riskmarketnews.com/files/North_Pacific_Cyclone_Season_May_Be_Tame.html#unique-entry-id-139A total of 28 storms are predicted.]]>Baja Quake Dominated April Nat Cat Lossescwestfall@riskmarketnews.comModeling Firms2010-05-05T06:43:18-04:00http://www.riskmarketnews.com/files/Baja_Quake_Dominated_April_Nat_Cat_Losses.html#unique-entry-id-138http://www.riskmarketnews.com/files/Baja_Quake_Dominated_April_Nat_Cat_Losses.html#unique-entry-id-138The Mexico tremblor caused over $300 million in insured losses. Asia suffered from violent storms and a China quake.]]>Paper Questions U.S. Coastal Property Insurance Sustainabilitycwestfall@riskmarketnews.comReinsuranceRegulation2010-04-27T14:12:19-04:00http://www.riskmarketnews.com/files/Paper_Questions_the_US_Coastal_Market_Sustainability.html#unique-entry-id-137http://www.riskmarketnews.com/files/Paper_Questions_the_US_Coastal_Market_Sustainability.html#unique-entry-id-137An academic view of coastal markets does not bode well.]]>RIMS 2010: Solar Flare Can Cause Earth-Bound Disruptionscwestfall@riskmarketnews.comModeling Firms2010-04-27T10:16:21-04:00http://www.riskmarketnews.com/files/Solar_Flare_Can_Cause_Earth_Bound_Disruptions.html#unique-entry-id-136http://www.riskmarketnews.com/files/Solar_Flare_Can_Cause_Earth_Bound_Disruptions.html#unique-entry-id-136Electromagnetic storms are a low-frequency but high-impact event.]]>The ILS Glass Remains Half Fullcwestfall@riskmarketnews.comCatastrophe Bonds2010-04-25T23:52:48-04:00http://www.riskmarketnews.com/files/The_ILS_Glass_Remains_Half_Full.html#unique-entry-id-135http://www.riskmarketnews.com/files/The_ILS_Glass_Remains_Half_Full.html#unique-entry-id-135An Aon Benefield report argues that insurance-linked securities remained poised for a comeback despite a tepid start.]]>Key to Cat Bond, ILW Issuance in 2010: Rates and Spreadscwestfall@riskmarketnews.comCatastrophe Bonds2010-04-13T11:30:35-04:00http://www.riskmarketnews.com/files/Key_to_Cat_Bond_ILW_Issuance_in_2010_Rates_and_Spreads.html#unique-entry-id-134http://www.riskmarketnews.com/files/Key_to_Cat_Bond_ILW_Issuance_in_2010_Rates_and_Spreads.html#unique-entry-id-134The cost of issuing a catastrophe bond or structuring an industry loss warranty is coming in line with traditional markets but it’s still not enough for real market growth, Guy Carpenter says.]]>Lack of Cat Losses Key to Reinsurers’ Flush of Capitalcwestfall@riskmarketnews.comReinsurance2010-04-13T10:29:05-04:00http://www.riskmarketnews.com/files/Lack_of_Cat_Losses_Key_to_Reinsurers_Flush_of_Capital.html#unique-entry-id-133http://www.riskmarketnews.com/files/Lack_of_Cat_Losses_Key_to_Reinsurers_Flush_of_Capital.html#unique-entry-id-133The absence of a major natural catastrophe in 2009 helped the reinsurance industry recover its capital base. This year may not be so kind.
]]>Windstorm Losses Hitting French Insurers Hardcwestfall@riskmarketnews.comReinsurance2010-04-08T04:38:58-04:00http://www.riskmarketnews.com/files/Windstorm_Losses_Hitting_French_Insurers_Hard.html#unique-entry-id-132http://www.riskmarketnews.com/files/Windstorm_Losses_Hitting_French_Insurers_Hard.html#unique-entry-id-132Windstorm Xynthia will undermine an already weakened domestic P/C market in France.
]]>EQECAT Database Change Part of Larger Re-Architecture Plancwestfall@riskmarketnews.comModeling Firms2010-04-08T04:31:33-04:00http://www.riskmarketnews.com/files/Eqecat_Database_Change_Part_of_Larger_Rearchitecture_Plan.html#unique-entry-id-131http://www.riskmarketnews.com/files/Eqecat_Database_Change_Part_of_Larger_Rearchitecture_Plan.html#unique-entry-id-131The firm is in a two year process of rebuilding its core catastrophe model, including a new schema.
]]>Billions in Cat Losses Have Yet To Find Their Way Into Ratescwestfall@riskmarketnews.comReinsurance2010-03-31T12:50:51-04:00http://www.riskmarketnews.com/files/Billions_in_Cat_Losses_Have_Yet_To_Find_Their_Way_Into_Rates.html#unique-entry-id-130http://www.riskmarketnews.com/files/Billions_in_Cat_Losses_Have_Yet_To_Find_Their_Way_Into_Rates.html#unique-entry-id-130Willis Re says that reinsurers have experienced monumental quarterly losses but rates remain steady.]]>EQECAT Hires RMS Software Architectcwestfall@riskmarketnews.comModeling Firms2010-03-30T13:41:17-04:00http://www.riskmarketnews.com/files/EQECAT_Hires_RMS_Software_Architect.html#unique-entry-id-129http://www.riskmarketnews.com/files/EQECAT_Hires_RMS_Software_Architect.html#unique-entry-id-129Marian Szefler will join the California-based firm.]]>Japanese P/C Industry Faces Growth Challenges: Moody’scwestfall@riskmarketnews.comReinsurance2010-03-30T13:17:54-04:00http://www.riskmarketnews.com/files/Japanese_PC_Industry_Faces_Growth_Challenges.html#unique-entry-id-128http://www.riskmarketnews.com/files/Japanese_PC_Industry_Faces_Growth_Challenges.html#unique-entry-id-128The biggest firms want to expand internationally, but can’t.]]>Study Says Coastal Regions Have Billions at Risk From Storm Surgecwestfall@riskmarketnews.comModeling Firms2010-03-30T09:25:47-04:00http://www.riskmarketnews.com/files/Study_Says_Coastal_Regions_Have_Billions_at_Risk_From_Storm_Surge.html#unique-entry-id-127http://www.riskmarketnews.com/files/Study_Says_Coastal_Regions_Have_Billions_at_Risk_From_Storm_Surge.html#unique-entry-id-127Insurers need to understand the mechanics of storm surge to quantify potential losses.

]]>Gulf of Mexico Wind Remains Energy Reinsurance Outlier cwestfall@riskmarketnews.comReinsurance2010-03-26T11:22:23-04:00http://www.riskmarketnews.com/files/Gulf_of_Mexico_Wind_Remains.html#unique-entry-id-126http://www.riskmarketnews.com/files/Gulf_of_Mexico_Wind_Remains.html#unique-entry-id-126Willis argues that despite increased capacity in the broader energy market the Gulf of Mexico remains problematic. Buyers chafe a new underwriting standards.
]]>AIR Offers Systems Updatecwestfall@riskmarketnews.comModeling Firms2010-03-24T08:59:18-04:00http://www.riskmarketnews.com/files/AIR_Offers_Systems_Update.html#unique-entry-id-125http://www.riskmarketnews.com/files/AIR_Offers_Systems_Update.html#unique-entry-id-125Both CATRADER and CLASIC/2 will move to version 11.5.]]>State Farm’s Merna Bond Keeps Indemnity, Starts Smallcwestfall@riskmarketnews.comCatastrophe Bonds2010-03-23T16:46:58-04:00http://www.riskmarketnews.com/files/State_Farms_Merna_Bond_Keeps_Indemnity_Starts_Small.html#unique-entry-id-124http://www.riskmarketnews.com/files/State_Farms_Merna_Bond_Keeps_Indemnity_Starts_Small.html#unique-entry-id-124The new bond is starting small and hoping to grow with investor interest.]]>Newton Re Bondholders Settle Lehman Swap Claimcwestfall@riskmarketnews.comCatastrophe Bonds2010-03-23T09:11:03-04:00http://www.riskmarketnews.com/files/Newton_Re_Bondholders_Settle_Lehman_Swap_Claim.html#unique-entry-id-123http://www.riskmarketnews.com/files/Newton_Re_Bondholders_Settle_Lehman_Swap_Claim.html#unique-entry-id-123Both sides settle on $37 million to terminate the cat bond’s collateral contract.]]>S&P: Cat Losses Could Force Reinsurers Into the Capital Marketscwestfall@riskmarketnews.comReinsurance2010-03-22T12:50:51-04:00http://www.riskmarketnews.com/files/Cat_Losses_Could_Force_Reinsurers_Into_the_Capital_Markets.html#unique-entry-id-122http://www.riskmarketnews.com/files/Cat_Losses_Could_Force_Reinsurers_Into_the_Capital_Markets.html#unique-entry-id-122Some reinsurers have already burned through half of the catastrophe budgets.]]>Reinsurers Fail to React to Secondary Peril Threatcwestfall@riskmarketnews.comReinsuranceModeling Firms2010-03-22T06:13:16-04:00http://www.riskmarketnews.com/files/Reinsurers_Fail_to_React_to_Secondary_Peril_Threat.html#unique-entry-id-121http://www.riskmarketnews.com/files/Reinsurers_Fail_to_React_to_Secondary_Peril_Threat.html#unique-entry-id-121The industry continues to subsidize losses without charging adequate rates.]]>Examiner Questions Lehman Reinsurance Playcwestfall@riskmarketnews.comRegulationReinsurance2010-03-15T09:21:44-04:00http://www.riskmarketnews.com/files/Examiner_Questions_Lehman_Reinsurance_Play.html#unique-entry-id-120http://www.riskmarketnews.com/files/Examiner_Questions_Lehman_Reinsurance_Play.html#unique-entry-id-120The defunct firm's stake in Wilton Re is only a footnote in the 2,220 page bankruptcy report, but the questions it raises could have broader implications for private equity investments in reinsurance.
]]>One Weekend’s Cat Losses Could Cost Partner Re $390 Millioncwestfall@riskmarketnews.comReinsurance2010-03-09T09:49:13-05:00http://www.riskmarketnews.com/files/One_Weekends_Cat_Losses.html#unique-entry-id-119http://www.riskmarketnews.com/files/One_Weekends_Cat_Losses.html#unique-entry-id-119Claims could rise even higher as damaged is assessed.]]>Moody's Lowers CEA Credit Outlookcwestfall@riskmarketnews.comCatastrophe BondsRegulation2010-03-07T23:27:23-05:00http://www.riskmarketnews.com/files/Moodys_Lowers_CEA_Credit_Outlook.html#unique-entry-id-118http://www.riskmarketnews.com/files/Moodys_Lowers_CEA_Credit_Outlook.html#unique-entry-id-118The ratings agency is concerned that the California Earthquake Authority's push to write more polices will hamper its claims-paying ability.
]]>Indian Government Calls for Catastrophe Bond Focuscwestfall@riskmarketnews.comCatastrophe Bonds2010-02-26T09:33:02-05:00http://www.riskmarketnews.com/files/Indian_Government_Calls_for_Catastrophe_Bond_Focus.html#unique-entry-id-116http://www.riskmarketnews.com/files/Indian_Government_Calls_for_Catastrophe_Bond_Focus.html#unique-entry-id-116A new report argues for cat bonds but lacks detail.
]]>Madeira Flooding, Mudslides Cause Extensive Damagecwestfall@riskmarketnews.comModeling Firms2010-02-22T14:09:32-05:00http://www.riskmarketnews.com/files/Madeira_Flooding_Mudslides_Cause_Extensive_Damage.html#unique-entry-id-115http://www.riskmarketnews.com/files/Madeira_Flooding_Mudslides_Cause_Extensive_Damage.html#unique-entry-id-115The island destination is reeling from a weekend storm.]]>Northeast Storms Await Cat Designationcwestfall@riskmarketnews.comModeling Firms2010-02-22T09:32:33-05:00http://www.riskmarketnews.com/files/Storms_Await_Cat_Designation.html#unique-entry-id-114http://www.riskmarketnews.com/files/Storms_Await_Cat_Designation.html#unique-entry-id-114PCS continues to tally claims from "Snowmageddon."]]>Flat Roof Snow Loads are Primary Concern in East Coast Storm: AIRcwestfall@riskmarketnews.comModeling Firms2010-02-10T18:32:54-05:00http://www.riskmarketnews.com/files/Flat_Roof_Snow_Loads_are_Primary_Concern.html#unique-entry-id-113http://www.riskmarketnews.com/files/Flat_Roof_Snow_Loads_are_Primary_Concern.html#unique-entry-id-113Blizzard conditions in the Eastern U.S. could lead to insured losses.]]>Weather Models Key to Haiti Recovery Effortcwestfall@riskmarketnews.comModeling Firms2010-02-10T08:42:14-05:00http://www.riskmarketnews.com/files/Weather_Models_Key_to_Haitis_Recovery_Effort.html#unique-entry-id-112http://www.riskmarketnews.com/files/Weather_Models_Key_to_Haitis_Recovery_Effort.html#unique-entry-id-112New models will be used to direct resettlement efforts prior to the critical hurricane season.]]>Academics Praise ILS Market Fundamentals but Raise Some Cautioncwestfall@riskmarketnews.comCatastrophe BondsReinsuranceLife Structures2010-02-02T14:09:50-05:00http://www.riskmarketnews.com/files/Academics_Praise_ILS%20Market_Fundamentals.html#unique-entry-id-111http://www.riskmarketnews.com/files/Academics_Praise_ILS%20Market_Fundamentals.html#unique-entry-id-111Catastrophe bonds will become more important as reinsurance capital shrinks, but the market’s “underlying friction” remains. Life and longevity traders could be in store for a mortality spike.]]>Audit Faults Louisiana Citizens' Reservingcwestfall@riskmarketnews.comRegulation2010-01-27T13:49:01-05:00http://www.riskmarketnews.com/files/Audit_Fault_Louisiana_Citizens_Reserving.html#unique-entry-id-110http://www.riskmarketnews.com/files/Audit_Fault_Louisiana_Citizens_Reserving.html#unique-entry-id-110An audit of Louisiana’s insurer of last resort goes to the heart of its reserving. Management cries foul.
]]>Does ILS Have a Transparency “Problem”?cwestfall@riskmarketnews.comCatastrophe Bonds2010-01-26T11:40:57-05:00http://www.riskmarketnews.com/files/Does_ILS_Have_a_Transparency_Problem.html#unique-entry-id-109http://www.riskmarketnews.com/files/Does_ILS_Have_a_Transparency_Problem.html#unique-entry-id-109The shuttering of the online trading platform Myrias and its argument that the industry was “not ready for full transparency” is the latest salvo against the industry’s disclosure practices.
Professionals from Fermat Capital, Moody’s and Myrias discuss current problems and possible solutions.
]]>RMS Calls Criticism “A Fundamental Misunderstanding” of Cat Modelscwestfall@riskmarketnews.comModeling Firms2010-01-21T14:03:26-05:00http://www.riskmarketnews.com/files/RMS_Calls_Criticism_A_Fundamental_Misunderstanding_of_Cat_Models.html#unique-entry-id-108http://www.riskmarketnews.com/files/RMS_Calls_Criticism_A_Fundamental_Misunderstanding_of_Cat_Models.html#unique-entry-id-108After a report calls short term hurricane models flawed, one firm says the criticism is itself faulty.]]>Cat Risk Limits Key to New Validus Bond Ratingcwestfall@riskmarketnews.comReinsurance2010-01-21T09:32:58-05:00http://www.riskmarketnews.com/files/Cat_Risk_Limits_Key_to_New_Validus_Bond_Rating.html#unique-entry-id-107http://www.riskmarketnews.com/files/Cat_Risk_Limits_Key_to_New_Validus_Bond_Rating.html#unique-entry-id-107Following the acquisition of IPC, Validus will need close watch on its catastrophe exposure.
]]>Clark Says Hurricane Models Overestimated Lossescwestfall@riskmarketnews.comModeling Firms2010-01-20T08:58:53-05:00http://www.riskmarketnews.com/files/Clark_Says_Hurricane_Models_Overestimated_Losses.html#unique-entry-id-106http://www.riskmarketnews.com/files/Clark_Says_Hurricane_Models_Overestimated_Losses.html#unique-entry-id-106Near term models are unreliable and need to be reconsidered, the study says.]]>Capital Markets Leader Swiss Re Picks Retro Over Securitizationcwestfall@riskmarketnews.comLife Structures2010-01-19T13:31:47-05:00http://www.riskmarketnews.com/files/Capital_Markets_Leader_Swiss_Re_Picks_Retro_Over_Securitization.html#unique-entry-id-105http://www.riskmarketnews.com/files/Capital_Markets_Leader_Swiss_Re_Picks_Retro_Over_Securitization.html#unique-entry-id-105Despite being a capital markets leader, Swiss Re is transferring a chunk of its life business back into the reinsurance industry.]]>The $8 Million Question: Haiti and the Relevance of Catastrophe Poolscwestfall@riskmarketnews.comCatastrophe BondsRegulationReinsurance2010-01-19T10:27:52-05:00http://www.riskmarketnews.com/files/The_8_Million_Question.html#unique-entry-id-104http://www.riskmarketnews.com/files/The_8_Million_Question.html#unique-entry-id-104Some see the Haitian tragedy as proof that catastrophes pools in cooperation with the capital markets work and should be expanded.
]]>S&P Revives Cat Bond Rating Then Promptly Sends it to Defaultcwestfall@riskmarketnews.comCatastrophe Bonds2010-01-14T11:17:21-05:00http://www.riskmarketnews.com/files/SP_Revives_Cat_Bond_Rating.html#unique-entry-id-103http://www.riskmarketnews.com/files/SP_Revives_Cat_Bond_Rating.html#unique-entry-id-103Munich Re’s Carillon is the latest cat bond backed by Lehman to fall.]]>Haiti Quake Payout $8 Million, Limited Insurance and Poor Construction Are Key cwestfall@riskmarketnews.comCatastrophe BondsModeling Firms2010-01-13T15:17:49-05:00http://www.riskmarketnews.com/files/Fund_Says_Haiti_Quake_Payout_8_Million.html#unique-entry-id-102http://www.riskmarketnews.com/files/Fund_Says_Haiti_Quake_Payout_8_Million.html#unique-entry-id-102Despite possible economic losses in the hundreds of millions, the local cat fund has limited exposure. Modelers point to multiple causes.]]>After a Difficult 2009, Bermuda Looks Towards New Year and ILScwestfall@riskmarketnews.comCatastrophe BondsRegulation2010-01-13T08:39:41-05:00http://www.riskmarketnews.com/files/After_a_Difficult_2009_Bermuda_Looks_Towards_New_Year_and_ILS.html#unique-entry-id-101http://www.riskmarketnews.com/files/After_a_Difficult_2009_Bermuda_Looks_Towards_New_Year_and_ILS.html#unique-entry-id-101Trading value and share are off by nearly half, but cat bonds are seen as savior.]]>New Life Collateral Program “Rules Out” Cashcwestfall@riskmarketnews.comLife Structures2010-01-13T06:39:42-05:00http://www.riskmarketnews.com/files/New_Life_Collateral_Program_Rules_Out_Cash.html#unique-entry-id-100http://www.riskmarketnews.com/files/New_Life_Collateral_Program_Rules_Out_Cash.html#unique-entry-id-100Karson Management says its new collateral program removes the investment risk from Triple X deal.
]]>Haitian Quake Could Mean “Significant Payout” From CCRIFcwestfall@riskmarketnews.comCatastrophe Bonds2010-01-12T19:04:54-05:00http://www.riskmarketnews.com/files/Haitian_Quake_Could_Mean_Significant_Payout_from_CCRIF.html#unique-entry-id-99http://www.riskmarketnews.com/files/Haitian_Quake_Could_Mean_Significant_Payout_from_CCRIF.html#unique-entry-id-99The Caribbean-based catastrophe fund will face a major test.]]>Reserving, Yields Will Challenge P/C Earningscwestfall@riskmarketnews.comReinsurance2010-01-04T14:01:22-05:00http://www.riskmarketnews.com/files/Reserving_Yields_Will_Challenge_Earnings.html#unique-entry-id-98http://www.riskmarketnews.com/files/Reserving_Yields_Will_Challenge_Earnings.html#unique-entry-id-98Despite a banner 2009, reinsurance profitability may become a scarce commodity in the new year.
]]>Aon: Cat Bonds, Collateralized Re to Grow in 2010cwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-12-31T14:38:03-05:00http://www.riskmarketnews.com/files/Aon_Cat%20_Bonds_Collateralized_Re_to_Grow_in_2010.html#unique-entry-id-95http://www.riskmarketnews.com/files/Aon_Cat%20_Bonds_Collateralized_Re_to_Grow_in_2010.html#unique-entry-id-95Other alternative structures, such as side cars and exposure swaps, will not fair as well.]]>Despite Few ’09 Mega Cats, Data Shows Loss Trends Risingcwestfall@riskmarketnews.comReinsuranceModeling Firms2009-12-29T11:49:53-05:00http://www.riskmarketnews.com/files/Despite_Few_09_Mega_Cats_Data_Shows_Loss_Trends_Rising.html#unique-entry-id-94http://www.riskmarketnews.com/files/Despite_Few_09_Mega_Cats_Data_Shows_Loss_Trends_Rising.html#unique-entry-id-94Munich Re data shows that severe storm frequency is becoming a larger issue.]]>Goldman Index Lacks Longevitycwestfall@riskmarketnews.comLife Structures2009-12-29T09:49:19-05:00http://www.riskmarketnews.com/files/Goldman_Index_Lacks_Longevity.html#unique-entry-id-93http://www.riskmarketnews.com/files/Goldman_Index_Lacks_Longevity.html#unique-entry-id-93The Wall Street bank walks away from a life settlement index.]]>Aon Report: Biggest Cats Continue to Be Least Insuredcwestfall@riskmarketnews.comReinsuranceModeling Firms2009-12-24T07:36:24-05:00http://www.riskmarketnews.com/files/Biggest_Cats_Continue_to_be_Least_Insured.html#unique-entry-id-92http://www.riskmarketnews.com/files/Biggest_Cats_Continue_to_be_Least_Insured.html#unique-entry-id-92Beyond the headline number of insured losses, developing countries suffered greatly in 2009.
]]>Cat Bond Market Interest or Reinsurance Market Costcwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-12-22T10:32:47-05:00http://www.riskmarketnews.com/files/Cat_Bond_Market_Interest_or_Reinsurance_Market_Cost.html#unique-entry-id-91http://www.riskmarketnews.com/files/Cat_Bond_Market_Interest_or_Reinsurance_Market_Cost.html#unique-entry-id-91The upsizing of the Travelers issuance may say more about pricing of traditional reinsurance than investor interest in catastrophe bonds.]]>S&P Says Euro Insurance Struggles Will Continue Through 2012cwestfall@riskmarketnews.comReinsurance2009-12-17T15:31:24-05:00http://www.riskmarketnews.com/files/SP_Says_Euro_Insurance_Struggles.html#unique-entry-id-90http://www.riskmarketnews.com/files/SP_Says_Euro_Insurance_Struggles.html#unique-entry-id-90Poor investment returns and Solvency II are muddying the outlook for the European insurance industry.]]>PERILS Enters the Market with ILW Issuecwestfall@riskmarketnews.comCatastrophe Bonds2009-12-17T10:34:43-05:00http://www.riskmarketnews.com/files/PERILS_Enters_the_Market_with_ILW_Issue.html#unique-entry-id-89http://www.riskmarketnews.com/files/PERILS_Enters_the_Market_with_ILW_Issue.html#unique-entry-id-89The use of the index in catastrophe bonds is expected soon.]]>Bermuda Stock Exchange Makes Push for ILS Listings cwestfall@riskmarketnews.comRegulationCatastrophe Bonds2009-12-17T09:11:13-05:00http://www.riskmarketnews.com/files/Bermuda_Stock_Exchange_Makes_Push_for_ILS_Listings.html#unique-entry-id-88http://www.riskmarketnews.com/files/Bermuda_Stock_Exchange_Makes_Push_for_ILS_Listings.html#unique-entry-id-88The island nation is looking to leverage new regulatory changes.]]>Renewal Season’s Three Pricing Rules: Location, Location and Locationcwestfall@riskmarketnews.comReinsurance2009-12-15T10:32:37-05:00http://www.riskmarketnews.com/files/b153cc02f9a0c553a1c8d38a29d55b83-87.html#unique-entry-id-87http://www.riskmarketnews.com/files/b153cc02f9a0c553a1c8d38a29d55b83-87.html#unique-entry-id-87Willis Re’s James Kent says pricing on U.S. risks will vary significantly based on geography. ]]>Clark Launches Cat Review Productcwestfall@riskmarketnews.comModeling Firms2009-12-08T11:34:54-05:00http://www.riskmarketnews.com/files/d3192b832098cc04eea12b6452eaac63-86.html#unique-entry-id-86http://www.riskmarketnews.com/files/d3192b832098cc04eea12b6452eaac63-86.html#unique-entry-id-86The former AIR founder wants to review carriers’ modeling.]]>RGA Triple X Loses Ratingscwestfall@riskmarketnews.comLife Structures2009-12-08T11:15:39-05:00http://www.riskmarketnews.com/files/93dbb685bf769d4d671c6f0bbffced0c-85.html#unique-entry-id-85http://www.riskmarketnews.com/files/93dbb685bf769d4d671c6f0bbffced0c-85.html#unique-entry-id-85Another Reg XXX has its credit rating withdrawn.]]>PERILS Launches Euro Windstorm Productcwestfall@riskmarketnews.comModeling Firms2009-12-03T05:25:19-05:00http://www.riskmarketnews.com/files/a0aebf9d693626d08abb7b6ff50149fd-84.html#unique-entry-id-84http://www.riskmarketnews.com/files/a0aebf9d693626d08abb7b6ff50149fd-84.html#unique-entry-id-84The insurance industry consortium set up to provide detailed European catastrophe data has come out with its first product offering.]]>Storm Frequency Becomes a Frequent Problemcwestfall@riskmarketnews.comReinsuranceModeling Firms2009-12-02T14:18:02-05:00http://www.riskmarketnews.com/files/7ff491283b69c1041bd72b4f8983e2a7-83.html#unique-entry-id-83http://www.riskmarketnews.com/files/7ff491283b69c1041bd72b4f8983e2a7-83.html#unique-entry-id-83Munich Re and RMS have rolled out products that target losses from local, but severe, convective storms.]]>Cat Reinsurance Continues Growth With Big Price Swingscwestfall@riskmarketnews.comReinsurance2009-12-01T09:03:33-05:00http://www.riskmarketnews.com/files/e3bbffbf27e000828cbaf052ac60d5af-82.html#unique-entry-id-82http://www.riskmarketnews.com/files/e3bbffbf27e000828cbaf052ac60d5af-82.html#unique-entry-id-82Swiss Re expects even greater adoption of traditional P/C reinsurance. Cat bonds will continue on rebound]]>Protective Life’s ILS Ratings Pulled, but Unum Not Scared of its “Shadow”cwestfall@riskmarketnews.comLife Structures2009-11-23T06:37:45-05:00http://www.riskmarketnews.com/files/b84f99f78e6924821f134afc315c9c16-81.html#unique-entry-id-81http://www.riskmarketnews.com/files/b84f99f78e6924821f134afc315c9c16-81.html#unique-entry-id-81Moody’s continued its rethink of the life securitization market last week with two distinctly different results.
]]>Glacier Warns it May Trigger Nelson Recwestfall@riskmarketnews.comCatastrophe Bonds2009-11-20T17:04:33-05:00http://www.riskmarketnews.com/files/ebc09bd6ad7f7e872c500df93e4e347a-80.html#unique-entry-id-80http://www.riskmarketnews.com/files/ebc09bd6ad7f7e872c500df93e4e347a-80.html#unique-entry-id-80Glacier Reinsurance said in a conference call this week that it plans to trigger a $67.5 million portion of the Nelson Re catastrophe bond.]]>Life Insurers are Being Pushed Towards “Alternative” Capital, Deloitte Sayscwestfall@riskmarketnews.comLife Structures2009-11-18T07:25:06-05:00http://www.riskmarketnews.com/files/293078e983643e89243bc1386631fb5e-79.html#unique-entry-id-79http://www.riskmarketnews.com/files/293078e983643e89243bc1386631fb5e-79.html#unique-entry-id-79Carriers are being squeezed and they need to monitor the capital markets for securitization opportunities.
]]>Cat Modelers Juggle for Positioncwestfall@riskmarketnews.comModeling Firms2009-11-16T12:32:51-05:00http://www.riskmarketnews.com/files/221b583b4fd76882144965d9b61b699b-78.html#unique-entry-id-78http://www.riskmarketnews.com/files/221b583b4fd76882144965d9b61b699b-78.html#unique-entry-id-78The influence of any single catastrophe modeling firm within insurance linked securities only tells a piece of the market’s story.]]>Carrier Solvency Becoming a Bigger Life Settlement Riskcwestfall@riskmarketnews.comLife StructuresRegulation2009-11-11T11:00:31-05:00http://www.riskmarketnews.com/files/c8dcaf67e8db2e21706d00cf472408f1-77.html#unique-entry-id-77http://www.riskmarketnews.com/files/c8dcaf67e8db2e21706d00cf472408f1-77.html#unique-entry-id-77The solvency of the life insurance industry is perhaps the least-understood and most-pernicious risk for the settlement industry, professionals say.]]>Moody’s Pulls Ratings on Over $2.5 Billion Genworth Life Structurescwestfall@riskmarketnews.comLife StructuresReinsurance2009-11-10T09:52:16-05:00http://www.riskmarketnews.com/files/f6fa1c8adb5af85ccda6d43698b7af46-76.html#unique-entry-id-76http://www.riskmarketnews.com/files/f6fa1c8adb5af85ccda6d43698b7af46-76.html#unique-entry-id-76Several of Genworth Financial’s life securitizations had their ratings withdrawn last week in what may be the first of many for the life industry.]]>CEA Ups Reinsurance Over $200 Million, Taps Two New Firmscwestfall@riskmarketnews.comReinsurance2009-11-03T06:31:40-05:00http://www.riskmarketnews.com/files/b4a615d068dfcc3a82f7dca8cbac40a1-73.html#unique-entry-id-73http://www.riskmarketnews.com/files/b4a615d068dfcc3a82f7dca8cbac40a1-73.html#unique-entry-id-73California’s state-sponsored earthquake insurer has increased capacity. Lagging cat model changes kept premiums high.]]>World Bank Plans Global Push for MultiCat Programcwestfall@riskmarketnews.comCatastrophe Bonds2009-10-21T10:18:30-04:00http://www.riskmarketnews.com/files/b710dbe1e3432956ce63a78cc905e7a2-72.html#unique-entry-id-72http://www.riskmarketnews.com/files/b710dbe1e3432956ce63a78cc905e7a2-72.html#unique-entry-id-72Executives from the World Bank lay out the organization’s plans to tap the catastrophe bond market. Private market risk modeling firms and banks will play key role.]]>GEM Launches Surveycwestfall@riskmarketnews.comModeling Firms2009-10-13T09:55:30-04:00http://www.riskmarketnews.com/files/0e8f678de5e56699f2e5e7e7eb73e63c-71.html#unique-entry-id-71http://www.riskmarketnews.com/files/0e8f678de5e56699f2e5e7e7eb73e63c-71.html#unique-entry-id-71The open source initiative is looking for feedback on developing a global earthquake risks model.
]]>Third Quarter Cat Bonds Were Good, Fourth Quarter Needs to Be Greatcwestfall@riskmarketnews.comCatastrophe Bonds2009-10-13T07:50:09-04:00http://www.riskmarketnews.com/files/4dabab5f516d635d24c41fcd6a13267f-70.html#unique-entry-id-70http://www.riskmarketnews.com/files/4dabab5f516d635d24c41fcd6a13267f-70.html#unique-entry-id-70New issues were slightly ahead of maturing bonds in the summer months. A fourth quarter rally is needed to keep pace with full year projections.]]>Cat Bonds May Favor Caymanscwestfall@riskmarketnews.comRegulationReinsurance2009-10-07T11:14:38-04:00http://www.riskmarketnews.com/files/8f14eaaa5c17fd11c4e7790923d36cc6-69.html#unique-entry-id-69http://www.riskmarketnews.com/files/8f14eaaa5c17fd11c4e7790923d36cc6-69.html#unique-entry-id-69While Bermuda’s new supervisory scheme gains attention, Cayman’s cat bond track record will be difficult to overcome. Side cars may be a better bet for Bermuda.
]]>P/C Pros Defend Bermuda’s Domicile Dominancecwestfall@riskmarketnews.comReinsuranceRegulation2009-10-05T13:35:43-04:00http://www.riskmarketnews.com/files/f2f69e8e34e27e02b997e6cf59d6a025-68.html#unique-entry-id-68http://www.riskmarketnews.com/files/f2f69e8e34e27e02b997e6cf59d6a025-68.html#unique-entry-id-68Concern over the future of the insurance haven are misplaced. Professionals argue the island is well positioned despite well publicized tax flaps and defections.]]>Life Settlement Securitizations Need Warehousing, Liquidity to Flourishcwestfall@riskmarketnews.comLife Structures2009-10-02T09:40:14-04:00http://www.riskmarketnews.com/files/938280891c3fe3457d11705368c62895-67.html#unique-entry-id-67http://www.riskmarketnews.com/files/938280891c3fe3457d11705368c62895-67.html#unique-entry-id-67Market players say few life settlement securitizations have the scale to succeed. ]]>Bermuda Insurers Expect a Limited Role for ILScwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-10-01T06:33:55-04:00http://www.riskmarketnews.com/files/c860db92c4fe17be6b190e6ad04261a1-66.html#unique-entry-id-66http://www.riskmarketnews.com/files/c860db92c4fe17be6b190e6ad04261a1-66.html#unique-entry-id-66With balance sheets shorn up, the island’s reinsurance players will use catastrophe bonds and side cars as just another “tool.”]]>Mexico Cat Bond May Portend Similar Structurescwestfall@riskmarketnews.comCatastrophe BondsModeling Firms2009-09-30T08:57:06-04:00http://www.riskmarketnews.com/files/daac904b626c618316cf6857b016de3f-64.html#unique-entry-id-64http://www.riskmarketnews.com/files/daac904b626c618316cf6857b016de3f-64.html#unique-entry-id-64Conservative collateral mixed with multiple perils could open the door for other government sponsors.
]]>Consultant Wants to Double Check Modelers’ Earthquake Mathcwestfall@riskmarketnews.comModeling Firms2009-09-16T13:16:19-04:00http://www.riskmarketnews.com/files/6d6269f3b7e70b101f6649602d05fc05-61.html#unique-entry-id-61http://www.riskmarketnews.com/files/6d6269f3b7e70b101f6649602d05fc05-61.html#unique-entry-id-61Recent changes to the California hazard map could mean a big drop for insurer loss estimates, but Clark argues boards and management need to understand the science. ]]>Captives Remain Market Choice for Terror Covercwestfall@riskmarketnews.comRegulationReinsurance2009-09-11T12:44:18-04:00http://www.riskmarketnews.com/files/54f1b3bc172de03228277b57a4da68c3-50.html#unique-entry-id-50http://www.riskmarketnews.com/files/54f1b3bc172de03228277b57a4da68c3-50.html#unique-entry-id-50As long as TRIA remains in tact, domestic captives are the vehicle of choice for terrorism cover. But NBCR remains elusive for many.]]>Financial Market Meltdown Pulls the Indemnity Triggercwestfall@riskmarketnews.comCatastrophe BondsModeling Firms2009-09-09T09:06:43-04:00http://www.riskmarketnews.com/files/31195652d7240329b1ceae91d9338e9c-49.html#unique-entry-id-49http://www.riskmarketnews.com/files/31195652d7240329b1ceae91d9338e9c-49.html#unique-entry-id-49Indemnity cat bonds are out of favor, causing industry index-based products to flourish.
]]>Tinderbox: California Wildfires and the Mortgage Meltdowncwestfall@riskmarketnews.comReinsurance2009-09-01T14:59:21-04:00http://www.riskmarketnews.com/files/e64e0b9322c211f88b806e292d19bfa8-48.html#unique-entry-id-48http://www.riskmarketnews.com/files/e64e0b9322c211f88b806e292d19bfa8-48.html#unique-entry-id-48The housing market could fuel wildfire woes in California.]]>Greek Government May Bear the Brunt of Wildfire Lossescwestfall@riskmarketnews.comNews2009-08-31T09:58:15-04:00http://www.riskmarketnews.com/files/0acd54660ea20fdc792537e32ba7ed11-47.html#unique-entry-id-47http://www.riskmarketnews.com/files/0acd54660ea20fdc792537e32ba7ed11-47.html#unique-entry-id-47Limited insurance and a generous government payout will likely limit the private market’s losses.]]>Exposure Data Initiative Makes Jump into Modeling Firmscwestfall@riskmarketnews.comModeling Firms2009-08-24T13:33:57-04:00http://www.riskmarketnews.com/files/5abe676451aed723517d7806b866106f-46.html#unique-entry-id-46http://www.riskmarketnews.com/files/5abe676451aed723517d7806b866106f-46.html#unique-entry-id-46AIR will become the first cat modeler to adopt the data standard. ACORD is hopeful that other firms will follow.
]]>Morakot: A Major Test of Taiwan’s Developing Nat Cat Marketcwestfall@riskmarketnews.comReinsurance2009-08-11T07:43:16-04:00http://www.riskmarketnews.com/files/feafd8c71e43460e03b1dbe32dc8be4e-45.html#unique-entry-id-45http://www.riskmarketnews.com/files/feafd8c71e43460e03b1dbe32dc8be4e-45.html#unique-entry-id-45The storm may be the first time private reinsurers handle significant losses from Taiwan.]]>The Impact of Catastrophe Lines on Select Reinsurers for the Second Quarter of 2009cwestfall@riskmarketnews.comReinsurance2009-08-07T09:06:49-04:00http://www.riskmarketnews.com/files/44137a000f0c4cc97fbe69914d689151-44.html#unique-entry-id-44http://www.riskmarketnews.com/files/44137a000f0c4cc97fbe69914d689151-44.html#unique-entry-id-44The second quarter was a mixed bag for the world’s largest catastrophe reinsurers.]]>Cat Risk at Center of Offshore Tax Debatecwestfall@riskmarketnews.comReinsuranceRegulation2009-08-03T05:59:45-04:00http://www.riskmarketnews.com/files/38048c9e42ce7e839d50e5a979a1697f-43.html#unique-entry-id-43http://www.riskmarketnews.com/files/38048c9e42ce7e839d50e5a979a1697f-43.html#unique-entry-id-43Changes in the deductibility of foreign affiliated reinsurance could alter the playing field in transferring U.S. catastrophe risk.
]]>U.S. Thunderstorm Losses Echo Across Industrycwestfall@riskmarketnews.comReinsurance2009-07-28T11:52:17-04:00http://www.riskmarketnews.com/files/a9dc94b19bb3b8974d8464f44d1808e2-42.html#unique-entry-id-42http://www.riskmarketnews.com/files/a9dc94b19bb3b8974d8464f44d1808e2-42.html#unique-entry-id-42Insurers incurred over $6 billion so far this year; that’s $1 billion over the five year average.]]>Cat Bonds Continue Struggle with Hopes of a Fourth Quarter Rallycwestfall@riskmarketnews.comCatastrophe Bonds2009-07-27T08:25:08-04:00http://www.riskmarketnews.com/files/591161d9cd516636fe0b7f2ffc8815f3-41.html#unique-entry-id-41http://www.riskmarketnews.com/files/591161d9cd516636fe0b7f2ffc8815f3-41.html#unique-entry-id-41A new Guy Carp report reveals that maturing bonds continue to outpace new issuance. Pricing remains high as investors focus on peak perils.]]>State Lawmakers Move Ahead with Cat Finance Proposalcwestfall@riskmarketnews.comReinsuranceRegulation2009-07-16T11:37:08-04:00http://www.riskmarketnews.com/files/014891622c127925a756afcc2745a473-40.html#unique-entry-id-40http://www.riskmarketnews.com/files/014891622c127925a756afcc2745a473-40.html#unique-entry-id-40Industry reps argue the focus on historical losses is flawed. Plus, the public cat model bill pegged at $15 million.]]>Reinsurance Mergers, ILS Opportunitycwestfall@riskmarketnews.comReinsurance2009-07-07T11:12:06-04:00http://www.riskmarketnews.com/files/4a2e9ccb446c9187097262065aff8e0c-39.html#unique-entry-id-39http://www.riskmarketnews.com/files/4a2e9ccb446c9187097262065aff8e0c-39.html#unique-entry-id-39As mergers drain capacity for property/casualty reinsurance, the door may be opening for ILS.]]>P/C Insurers Fighting to Keep Fixed-Income “Available for Sale”cwestfall@riskmarketnews.comRegulation2009-07-01T09:04:48-04:00http://www.riskmarketnews.com/files/ad3c987704f5af086278a5586ddd690b-38.html#unique-entry-id-38http://www.riskmarketnews.com/files/ad3c987704f5af086278a5586ddd690b-38.html#unique-entry-id-38Accounting changes could mean major headaches for international insurers.]]>S&P 2009 Insurance Industry Conference: Reserve Releases Could Leave Commercial P/C Carriers Exposed cwestfall@riskmarketnews.comReinsurance2009-06-05T10:28:09-04:00http://www.riskmarketnews.com/files/271cc4c00f285880fd9364374d1fe74a-36.html#unique-entry-id-36http://www.riskmarketnews.com/files/271cc4c00f285880fd9364374d1fe74a-36.html#unique-entry-id-36Commercial property/casualty carriers have been drawing down precious capital from reserve accounts, making them vulnerable to longer-tail claims that could haunt them for years to come.]]>S&P Insurance Conference: P/C Reinsurers Tout Discipline, but Concede Pricing Climate is a Cat Challengecwestfall@riskmarketnews.comReinsurance2009-06-05T09:52:47-04:00http://www.riskmarketnews.com/files/5312c0a292e80953ed85915f30f622cb-35.html#unique-entry-id-35http://www.riskmarketnews.com/files/5312c0a292e80953ed85915f30f622cb-35.html#unique-entry-id-35Property/casualty reinsurers need to be more aggressive about pricing climate change into catastrophe cover or they could face large underwriting losses on the business line.]]>Orkney II Becomes Next Reg XXX Structure to Succumb to RMBScwestfall@riskmarketnews.comLife Structures2009-05-13T11:54:58-04:00http://www.riskmarketnews.com/files/c4ee0101118adcb600db3479d676c10a-34.html#unique-entry-id-34http://www.riskmarketnews.com/files/c4ee0101118adcb600db3479d676c10a-34.html#unique-entry-id-34The default of a Regulation XXX structure shows the market for securitizing premium-term life reserves has some additional healing before it can return normalcy.]]>TRIA Rollback Ups Industry Threat Levelcwestfall@riskmarketnews.comRegulationReinsurance2009-05-12T10:30:29-04:00http://www.riskmarketnews.com/files/396b2c7362796a7cd5e3c4ae92f6653d-33.html#unique-entry-id-33http://www.riskmarketnews.com/files/396b2c7362796a7cd5e3c4ae92f6653d-33.html#unique-entry-id-33The new U.S. federal budget calls for slashing the $100 billion government-provided backstop for terrorism insurance, surprising many in the property/casualty industry who thought the subsidy was safe from tinkering until 2014.
]]>Moody’s to Issue Life Securitization Methodologycwestfall@riskmarketnews.comLife Structures2009-04-27T09:57:46-04:00http://www.riskmarketnews.com/files/784ee7d590621cf12725ead82f407601-31.html#unique-entry-id-31http://www.riskmarketnews.com/files/784ee7d590621cf12725ead82f407601-31.html#unique-entry-id-31The report should refocus the idle sector.]]>AIG, Danny Pang and Due Diligencecwestfall@riskmarketnews.comLife StructuresRegulation2009-04-17T11:32:57-04:00http://www.riskmarketnews.com/files/9313ad568699b9571f4d38a48555e621-30.html#unique-entry-id-30http://www.riskmarketnews.com/files/9313ad568699b9571f4d38a48555e621-30.html#unique-entry-id-30The troubles of a high profile investor and the first successful large securitization both point to the need for increased due diligence in life settlements.
]]>It Ain’t Easy [Quantifying] Being Greencwestfall@riskmarketnews.comReinsuranceModeling Firms2009-04-15T09:22:53-04:00http://www.riskmarketnews.com/files/d4458a48b650a1bbf0790a90cb8f5cf8-29.html#unique-entry-id-29http://www.riskmarketnews.com/files/d4458a48b650a1bbf0790a90cb8f5cf8-29.html#unique-entry-id-29Green building practices will have an impact on rebuilding costs after a loss event, but how much remains in question for insurers.
]]>Connecticut Ponders Cat Fundcwestfall@riskmarketnews.comRegulationReinsurance2009-04-03T10:54:44-04:00http://www.riskmarketnews.com/files/c187199d5508db1394e0e75b7a89a058-28.html#unique-entry-id-28http://www.riskmarketnews.com/files/c187199d5508db1394e0e75b7a89a058-28.html#unique-entry-id-28Another coastal state is pondering the future of insuring catastrophe risk.]]>Risky Science Podcast: Southern California Earthquake Threatcwestfall@riskmarketnews.comRisky Science Podcast2009-04-02T12:31:36-04:00http://www.riskmarketnews.com/files/5c7d1be269bd0f10490d72b7516a99aa-27.html#unique-entry-id-27http://www.riskmarketnews.com/files/5c7d1be269bd0f10490d72b7516a99aa-27.html#unique-entry-id-27The director of the Souther California Earthquake Center discusses recent earthquake swarms and the challenges of quake forecasting.]]>SIFMA Conference: Cat Bond Secondary Market Ballooned with Sellerscwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-03-27T12:58:14-04:00http://www.riskmarketnews.com/files/ccbcca889ab66bddda465aa9c65b2d5b-26.html#unique-entry-id-26http://www.riskmarketnews.com/files/ccbcca889ab66bddda465aa9c65b2d5b-26.html#unique-entry-id-26Circumstances created a healthy secondary market for catastrophe bonds in 2008, even if it was mostly sellers.]]>SIFMA Conference: Collateral Remains Kingcwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-03-24T16:14:17-04:00http://www.riskmarketnews.com/files/6afe41b68e49e8b6f9d7c26562835862-25.html#unique-entry-id-25http://www.riskmarketnews.com/files/6afe41b68e49e8b6f9d7c26562835862-25.html#unique-entry-id-25The risks and rewards of Treasuries, LIBOR Indexes and tri-party repos are being debated by the cat bond industry.]]>SIFMA Conference: Catastrophe Bonds at an “Awkward Age”cwestfall@riskmarketnews.comCatastrophe BondsReinsurance2009-03-23T14:53:17-04:00http://www.riskmarketnews.com/files/c2431e152357cfce56072c26ee8f5083-24.html#unique-entry-id-24http://www.riskmarketnews.com/files/c2431e152357cfce56072c26ee8f5083-24.html#unique-entry-id-24Credit losses, illiquidity and sell offs have stunted the market’s growth. Participants look towards mid-year reinsurance renewals for signs of recovery.]]>Texas Looks to Broaden Cat Fund Into ILScwestfall@riskmarketnews.comCatastrophe BondsRegulationReinsurance2009-03-18T11:46:04-04:00http://www.riskmarketnews.com/files/ab926fe458ca4b1dd99ccf14741fd6df-23.html#unique-entry-id-23http://www.riskmarketnews.com/files/ab926fe458ca4b1dd99ccf14741fd6df-23.html#unique-entry-id-23New legislation would free the board to consider capital markets options.]]>ILS Conference Twitter Coveragecwestfall@riskmarketnews.comNone2009-03-17T14:11:04-04:00http://www.riskmarketnews.com/files/bc0e17b3c3bdaf4ea4ff92645f70bfb7-22.html#unique-entry-id-22http://www.riskmarketnews.com/files/bc0e17b3c3bdaf4ea4ff92645f70bfb7-22.html#unique-entry-id-22Check out RiskMarketNews Twitter page for updates on upcoming industry conferences.]]>States Consider South Carolina Incentive-Based Disaster Modelcwestfall@riskmarketnews.comRegulationReinsurance2009-03-03T11:50:14-05:00http://www.riskmarketnews.com/files/adf9cdd7bb28a95da84806b1a19f5887-19.html#unique-entry-id-19http://www.riskmarketnews.com/files/adf9cdd7bb28a95da84806b1a19f5887-19.html#unique-entry-id-19Tax incentives, savings accounts may be pushed in coastal cat states.]]>State Lawmakers Get Cat Model Updatecwestfall@riskmarketnews.comRegulationModeling Firms2009-03-02T10:35:14-05:00http://www.riskmarketnews.com/files/8b0317060d6ceadb6bfc50373ea1639b-18.html#unique-entry-id-18http://www.riskmarketnews.com/files/8b0317060d6ceadb6bfc50373ea1639b-18.html#unique-entry-id-18Government officials move ahead with study over industry objections.]]>STOLI Puts Settlements on the Rockscwestfall@riskmarketnews.comLife Structures2009-02-25T09:46:13-05:00http://www.riskmarketnews.com/files/a6e1599642e39c936a51e70fe8d28b8d-17.html#unique-entry-id-17http://www.riskmarketnews.com/files/a6e1599642e39c936a51e70fe8d28b8d-17.html#unique-entry-id-17State regulation expands while federal watchdogs mull oversight.]]>New PERILS Program Underscores Exposure Riskcwestfall@riskmarketnews.comModeling FirmsReinsurance2009-02-20T12:31:05-05:00http://www.riskmarketnews.com/files/05010bd9feb0ece7f1ba4336aba74994-16.html#unique-entry-id-16http://www.riskmarketnews.com/files/05010bd9feb0ece7f1ba4336aba74994-16.html#unique-entry-id-16Getting exposure data correct is key to model worries.]]>Australian Bushfires May Force Rethink on Prevention cwestfall@riskmarketnews.comReinsuranceRegulation2009-02-11T08:35:57-05:00http://www.riskmarketnews.com/files/f9c086915d92c7bfbcd32e473aa7d180-14.html#unique-entry-id-14http://www.riskmarketnews.com/files/f9c086915d92c7bfbcd32e473aa7d180-14.html#unique-entry-id-14Local insurers will handle the losses but prevention practices may change. ]]>Klaus Brings European Windstorm, Triggers Back Into Focuscwestfall@riskmarketnews.comModeling FirmsCatastrophe Bonds2009-01-27T11:39:43-05:00http://www.riskmarketnews.com/files/74b321b1e38c33b070a4e58f06457457-10.html#unique-entry-id-10http://www.riskmarketnews.com/files/74b321b1e38c33b070a4e58f06457457-10.html#unique-entry-id-10Over €2 billion insured loss is a possibility, but ILS trigger questions will need to wait. ]]>Risky Science Podcast: The Global Earthquake Modelcwestfall@riskmarketnews.comRisky Science Podcast2009-01-22T08:20:14-05:00http://www.riskmarketnews.com/files/f6170cce063d79db62ae329d891ede89-9.html#unique-entry-id-9http://www.riskmarketnews.com/files/f6170cce063d79db62ae329d891ede89-9.html#unique-entry-id-9Dr. Ross Stein of the U.S. Geological Survey discusses the open platform initiative to understand earthquake risk.]]>New President, New Challenges for Risk Transfercwestfall@riskmarketnews.comRegulationReinsurance2009-01-20T10:21:48-05:00http://www.riskmarketnews.com/files/1cbacf52b397c909592855dea1d291f5-7.html#unique-entry-id-7http://www.riskmarketnews.com/files/1cbacf52b397c909592855dea1d291f5-7.html#unique-entry-id-7Inauguration day could be the start of major legislative and regulatory changes for U.S.-based alternative strategies.]]>P/C Reinsurers, Carriers Consider the Capital Markets Closedcwestfall@riskmarketnews.comReinsurance2009-01-14T12:14:35-05:00http://www.riskmarketnews.com/files/81174e4a49b004a01b6daa5fb81163d0-5.html#unique-entry-id-5http://www.riskmarketnews.com/files/81174e4a49b004a01b6daa5fb81163d0-5.html#unique-entry-id-5Executives argue capital is scarce, expensive and everyone is doing just fine anyway.]]>Repairing Cat Bond Collateral Damagecwestfall@riskmarketnews.comCatastrophe Bonds2009-01-12T11:09:39-05:00http://www.riskmarketnews.com/files/77a6a1ff8c7c1f9f008e82580e2946b0-4.html#unique-entry-id-4http://www.riskmarketnews.com/files/77a6a1ff8c7c1f9f008e82580e2946b0-4.html#unique-entry-id-4Lehman Brothers’ collapse has made investors in catastrophe bonds once bitten and twice shy.
]]>A Great Job Market, Actuarially Speakingcwestfall@riskmarketnews.comPeople Moves2009-01-04T12:12:18-05:00http://www.riskmarketnews.com/files/3a7e019dcb387c38c98a1ac405be51e7-3.html#unique-entry-id-3http://www.riskmarketnews.com/files/3a7e019dcb387c38c98a1ac405be51e7-3.html#unique-entry-id-3Number crunchers with an ILS background demand a higher premium as actuarial pros escape the financial industry’s employment meltdown.]]>