The cost of issuing a catastrophe bond has become more expensive as higher quality collateral is being used to alleviate investor credit fears. “High quality has effect on cost,” says
South Carolina’s market-based approach to risk mitigation is being eyed by lawmakers in several states as a way to address the huge financial exposure to catastrophic risk. A
Insurance regulators are ramping up plans to create a publicly funded catastrophe model by launching a $200,000 feasibility study focusing on a multi-peril model for natural catastrophe risks.
Life settlement managers should brace for increased oversight as state lawmakers debate imposing new regulations on the industry in the coming months and Congress considers broader insurance powers. As shady
The announcement this week of a new aggregator of European insured values is the latest effort by the industry to understand what has become the Achilles Heel of catastrophe models:
Buffeted by a fault line, prone to major hurricane activity and with limited access to reinsurance, Latin American would appear to be an ideal market for alternative risk transfer. However,
The Victoria bushfires that wiped out entire swaths of Australia’s most densely populated state defied expectations and could cost local insurers close to AU$800 million. Although local experts
Issuers and investors will spend the next several months discovering just how complicated things can get when a catastrophe bond defaults. The trickiest issue, industry experts say, will be what
Changes in mortality tables and a general lack of liquidity have pushed the portfolios of several life settlement firms underwater, and could force a flood of policies into the secondary
Wiped out by “Hurricane Lehman,” catastrophe bond specialists are wrenching their minds to find ways to unclog the deal pipeline. Everything from new collateral structures to recasting cat bonds as
A fast moving windstorm that plowed through France and Spain could be a major loss event for European insurers but the jury is still out if any catastrophe bonds were
This is a first in a series of podcasts that will focus on the science behind risk transfer. In this episode we interview Dr. Ross Stein regarding his work on
