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Catastrophe risk transfer, i.e. the transfer from one party to another of natural catastrophe risk typically from non-life insurers or reinsurers via the capital markets to investors, is facilitated by a variety of instruments or products (often called insurance-linked securities or ILS). Chief among them are catastrophe bonds or cat bonds that can be single or multiple tranche; catastrophe risk obligations (CROs), which utilise collateralised debt obligation (CDO) technology to transfer risk to investors in multiple tranches; bilateral catastrophe swaps; and industry loss warranty (ILW) based structures.
Rating agency bearish on ILS - 7 Sep 2010
Investable ILS tracker fund planned - 26 Aug 2010
ILS market going strong - 23 Aug 2010
ILS indices launched - 18 Aug 2010
Swiss Re bullish on ILS in H210 - 17 Aug 2010
Keeping it natural - 10 Aug 2010
John DeCaro, a founding principal of Elementum Advisors, answers STORM questions
Cat bond supply/demand stays strong - 9 Aug 2010
Alabama buys parametric cover - 27 Jul 2010
PERILS passes US$250m - 13 Jul 2010
Bearish secondary market hits ILS fund - 13 Jul 2010
2009/10 catastrophe bond issuance - 12 Jul 2010
Updated to 12 July 2010
Shore Re closes - 1 Jul 2010
Greater expectations - 1 Jul 2010
Catastrophe bonds are generating increasing interest from non-insurance investors, which in turn could be met by increased new issuance volumes. However, there are still challenges ahead for the market
New cat bond launched - 14 Jun 2010
At the intersection - 11 Jun 2010
Partho Ghosh, md and global head - financial products at Willis Structured Risk Solutions, answers STORM's questions
New cat bond features test waters - 8 Jun 2010
Rich/cheap analysis of ILWs - 8 Jun 2010
Stephen Gould, svp at Vyapar Capital Market Partners, looks at the relative pricing of ILWs
Long Bay Re shelved - 4 Jun 2010
Residential Re prices - 26 May 2010
ILW price levels as at 21 May - 24 May 2010
Source: VCM Partners LLC
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STORM (Synthetic Transfer of Risk Markets) is an online news service dedicated to bringing readers a global viewpoint on all aspects of weather and insurance derivatives, catastrophe and life ILS (insurance-linked securities), and emissions trading.
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