State Farm’s Merna Bond Keeps Indemnity, Starts Small
A successor catastrophe bond being issued by State Farm Fire & Casualty will retain an indemnity trigger but is being
Latest — page 100
Newton Re Bondholders Settle Lehman Swap Claim
Investors in the Newton Re catastrophe bond have settled with bankrupt Lehman Brothers over the swap counterparty agreement that acted
S&P: Cat Losses Could Force Reinsurers Into the Capital Markets
Reinsurers may need to tap the capital markets if the catastrophe losses continue to pile up, according to a report
Reinsurers Fail to React to Secondary Peril Threat
Carriers and reinsurers need to refocus underwriting on so-called “secondary perils” or face a long term deterioration of their
Examiner Questions Lehman Reinsurance Play
The valuation of a $300 million investment made by Lehman Brothers in life reinsurer Wilton Re is being questioned by
One Weekend’s Cat Losses Could Cost Partner Re $390 Million
Bermuda-based Partner Re estimates that its losses from last month’s earthquake in Chile and European Windstorm Xynthia could
Shaky Loss Estimates Often Follow Catastrophes
Catastrophe modeling firms will continue to issue quick loss estimates following major catastrophes even though they often significantly underestimate the
Moody's Lowers CEA Credit Outlook
The credit outlook for the California Earthquake Authority (CEA) was lowered from “stable” to “negative” by Moody’s Investors Services
Indian Government Calls for Catastrophe Bond Focus
India’s Ministry of Finance is pushing the government to explore the use of catastrophe bonds as a way to
Madeira Flooding, Mudslides Cause Extensive Damage
The popular European travel destination of Madeira suffered extensive damage as the result of a weekend storm and both the
Northeast Storms Await Cat Designation
Claims from the two snow storms that slammed the U.S. East Coast earlier this month are being monitored by
Flat Roof Snow Loads are Primary Concern in East Coast Storm: AIR
Boston-based modeling firm AIR Worldwide said beyond expected business interruption, roof collapse may be the most likely cause of
