Boston-based consulting from Karen Clark & Company argues that the short-term models used by the three largest catastrophe modeling firms “significantly overestimated” cumulative losses for the last three
Swiss Re ruled out an embedded value securitization for a large chunk of its life reinsurance business and instead is relying on a traditional retrocession agreement. The global reinsurer announced
The $8 million payment from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) to the Haitian government following last week’s disastrous earthquake has brought new attention to the issue of
The $84.5 million series 1 class A-1 notes of Cayman-domiciled Carillon Ltd. entered into default after being withdrawn and then reinstated, according to a statement from Standard
The Caribbean Catastrophe Risk Facility (CCRIF) will pay out under $8 million in response to the 7.1 magnitude earthquake that devastated Haiti yesterday. Yesterday’s earthquake was large enough
Despite shares being off nearly 40 percent from the previous year, the Bermudian Stock Exchange (BSX) remains optimistic about growth for 2010 and sees insurance linked securities as a key
Bermuda-based Karson Management has launched a new collateral program for the Triple X securitization marketplace that the firm says will remove investment uncertainty that has rocked the industry. The
Haiti will likely have a significant claim against the Caribbean Catastrophic Risk Insurance Facility (CCRIF) following the recent earthquake, according to Simon Young, PhD, CEO of CaribRM. CaribRM is a
Global property casualty reinsurers and carriers will need to make difficult decisions as limited reserves releases and declining bond yields will challenge earnings over the next several years. “Some longer-
A combination of carriers topping out on their reinsurance programs and a better pricing environment will allow catastrophe bonds to match or even surpass the over $3 billion in issuance
Reinsurers have benefited from a favorable loss year but smaller and more frequent weather events are chipping away at the industry’s capital base. Severe weather events accounted for 45
A tumultuous year for the life settlement industry is not taking a holiday after that Goldman Sachs announced that will drop its “mortality” index. According to a report [http://www.
