Flood-related catastrophes dominated last month’s as swollen rivers in China and the U.S. caused over $6 billion in losses, according to Aon Benfield/Impact Forecasting’s June
Shares of Paris-based Scor SE fell slightly in trading Tuesday after the company announced that it would draw on a 75 million euro contingent capital facility to pay for
A $11.95 million “private placement” catastrophe bond was completed Towers Watson Capital Markets Tuesday in what the broker described as “very important step” in allowing smaller insurers to access
Desperation for acceptable forms of tax revenue is reigniting the debate over the foreign reinsurance deduction. According to an article in Inside U.S. Trade [http://insidetrade.com/index.php?
The New Zealand Earthquake Commission (EQC) has paid out over $1 billion in claims since the first of a series of earthquakes struck the nation in September of 2010. The
by Pascal Karsenti, CCM, Manager, Insurance Linked Securities, AIR Worldwide In today’s burgeoning insurance-linked securities (ILS) market, investors are increasingly using catastrophe modeling software to “remodel” catastrophe bonds.
Mariah Re Ltd., a catastrophe bond covering American Family Mutual Insurance from severe thunderstorms, had its rating cut by Standard & Poor’s Monday following additional reported losses following U.
Spring tornados that caused at least $15.5 billion in insured losses in the United States were a once in decade occurrence and it’s too early to determine if
Flooding caused by heavy rain and melting snow is cresting in North Dakota and now threatens the downstream Missouri River including the possibility of reaching two nuclear power plants in
Total economic and insured losses from severe weather will reach into the billions after severe thunderstorms, flooding and wildfires plagued the month of May, according to a report released Wednesday
Marsh announced Tuesday that it will offer corporate client’s access to the County Weighted Industry Loss (CWIL) Index, and industry loss warranty contract created by Nephila Capital and Guy
The U.S. government would be responsible for creating a catastrophe model to measure storm surge and windspeeds that would eventually act as referee between private insurers and the government-
