The popular European travel destination of Madeira suffered extensive damage as the result of a weekend storm and both the number of deaths and the insured losses could be significant,
Claims from the two snow storms that slammed the U.S. East Coast earlier this month are being monitored by ISO’s Property Claim Service (PCS) and could be designated
Boston-based modeling firm AIR Worldwide said beyond expected business interruption, roof collapse may be the most likely cause of insured losses from a major snow storm currently battering the
Two regional organizations are scrambling to prepare new weather models as Haiti enters the 2010 hurricane season. The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Caribbean Institute for Meteorology
Despite high hopes of opening the pipeline for insurance linked securities, market participants expect that deal flow will remain a fraction of the traditional reinsurance market for the near future.
The catastrophe bond market could triple in size over the next decade, but that means sponsors and investors will only need to manage the problem of basis risk at even
The following is a preview coverage of the IQPC Insurance Linked Securities Summit held in New York last week. Other stories will be available to premium news subscribers. The stage
Standardizing longevity and life risk trades will be the initial focus of a newly created industry group, but it remains unclear how the group will coordinate its efforts with the
A report issued last week questions Louisiana Citizens’ Property Insurance Corp.’s reserving practices and says that state’s insurer of last resort does not have adequate processes to develop
The call for greater transparency in the structuring and trading of insurance linked securities has been gaining momentum since the 2008 collapse of Lehman Brothers and the resulting implosion of
Risk Management Solutions (RMS) says that a recent report saying that short term hurricane models overestimated losses by billions as misplaced. In an emailed statement, RMS argues that a recent
Validus Holdings received a rating of Baa2 on a proposed debt with Moody’s adding the reinsurer’s debt could be quickly changed depending on how the Bermuda-based company
