Risk Market News (Page 92)

Colorado Wildfire Losses Hit $449.7M; Waldo Blaze Sets New Record

The preliminary insured loss from the June Colorado wildfires total $449.7 million, with the Waldo Canyon blaze becoming the costliest conflagration in the state’s history, according to the

Jul 17, 2012 1 min read

CEA Cat Bond, Collateralized Reinsurance Push Gains Steam

The California Earthquake Authority (CEA) has upped its collateralized reinsurance contract with Nephila Capital by $100 million — and is back the market for a third catastrophe bond issue — in what

Jul 17, 2012 2 min read

India Cyclone Model Released by AIR

Boston-based AIR Worldwide has released a new cyclone model for India — including a new industry exposure database — with the hopes of expanding its presence on the sub-continent. The

Jul 16, 2012 1 min read

U.S. Dominates First Half 2012 Catastrophe Losses

The lion’s share of the $12 billion in worldwide insured losses that occurred in the first half of 2012 were the result of natural catastrophes in the U.S.

Jul 13, 2012 1 min read

Reinsurers’ Plentiful Frustration With New Capital

Mid-year reports issued by the largest brokers over the past two weeks show that hedge funds, sidecars and catastrophe bonds acted as a spoiler in the traditional reinsurance market’

Jul 12, 2012 2 min read

Earthquake Triggered Mexico Catastrophe Bond, Until It Didn’t

The March 20th magnitude 7.4 earthquake that struck Mexico initially triggered the government-issued $290 million catastrophe bond, but the loss was avoided after the epicenter was moved in

Jul 11, 2012 1 min read

AIR Continues Catastrophe Bond Supremacy

AIR Worldwide has modeled 91% of the catastrophe bond tranches issued since rival Risk Management Solutions (RMS) updated windstorm product last year, and has been the only windstorm model used

Jul 10, 2012 1 min read

China June Disaster Costs Hit $350 Billion While U.S. Tallies Wildfire Losses: Aon

A series of monsoons, earthquakes and floods have caused at least $350 billion in economic losses for China last month while the cost of wildfires that swept through the U.

Jul 10, 2012 2 min read

U.S. State Catastrophe Pools Reaching Record $900 Billion Loss Exposure

U.S. residual catastrophe pools have grown from “last resort” insurers into monster carriers that often dominate coastal markets and face a record total loss exposure, according to a report

Jul 9, 2012 1 min read

Industry Triggers Make Catastrophe Bond Headway

This story was updated July 12 to reflect the accurate relationship of Verisk Analytics and PCS in the fourth paragraph. The number of catastrophe bonds being issued with an industry

Jul 9, 2012 2 min read

PERILS Ups Windstorm Andrea Losses to 335 Million Euros

PERILS AG upped insured loss estimates for a January’s Windstorm Andrea to 335 million euros, a 25 percent increase since the data consortium’s first estimate of 267 million

Jul 4, 2012 1 min read

NFIP Privatization Faces Flood of Modeling, Mapping, Financial Hurdles

Renewal of legislation backing the U.S. National Flood Insurance Program (NFIP) promises to “study” private market reinsurance capacity to support the $1.8 billion program, but there is very

Jul 2, 2012 2 min read

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