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New Vita Capital IV Ltd. mortality-linked catastrophe bond marketed by Swiss Re | www.Artemis.bm
New Vita Capital IV Ltd. mortality-linked catastrophe bond marketed by Swiss Re | www.Artemis.bm
"Swiss Re are returning to the market with two new series of Vita Capital IV mortality risk linked notes. Swiss Re are seeking to issue $100m of mortality catastrophe-indexed notes through their Vita Capital IV Ltd. Cayman Islands domiciled SPV. Vita Capital IV was set up for the sole purpose of issuing a number of series of notes as part of a mortality catastrophe shelf program. Mortality events would include pandemics, epidemics, disasters, terrorist attacks etc.
#ART#ILS#CAT#Longevity
·artemis.bm·
New Vita Capital IV Ltd. mortality-linked catastrophe bond marketed by Swiss Re | www.Artemis.bm
Clariden Leu’s ‘cat bond lite’ wins Catastrophe Risk Deal of the Year award from Environmental Finance | www.Artemis.bm
Clariden Leu’s ‘cat bond lite’ wins Catastrophe Risk Deal of the Year award from Environmental Finance | www.Artemis.bm
The catastrophe bond lite transactions, which were issued by Swiss insurance-linked securities investment manager Clariden Leu to provide more capacity to satisfy the investor inflows they were experiencing, have been recognised with an award. Environmental Finance magazine have awarded the Catastrophe Risk Deal of the Year award to Clariden Leu as recognition of these transactions innovative structure and goals.
#ART
·artemis.bm·
Clariden Leu’s ‘cat bond lite’ wins Catastrophe Risk Deal of the Year award from Environmental Finance | www.Artemis.bm
Weather-index insurance helps some drought stricken farmers in Kenya | www.Artemis.bm
Weather-index insurance helps some drought stricken farmers in Kenya | www.Artemis.bm
Some farmers in a drought stricken region of Kenya have received payments under the terms of a weather-index based microinsurance policy established this year. Wheat farmers in Narok County in southwest Kenya have received payments for a total crop failure due to drought in April.
#ART
·artemis.bm·
Weather-index insurance helps some drought stricken farmers in Kenya | www.Artemis.bm
Terrorism Market Continues to Provide Abundant Cover | GCCapitalIdeas.com
Terrorism Market Continues to Provide Abundant Cover | GCCapitalIdeas.com
The terrorism threat is forever evolving as groups adapt their tactics to counter-terrorism measures and global events. Indeed, key developments that have occurred over the past 12 months, including the killing of al-Qaeda leader Osama bin Laden and the recent political unrest in the Middle East and North Africa, raise important questions about the future of the international terrorist threat. For insurers with terrorism risk on their books, it is important to understand how the terrorism threat is evolving, the varying risks in different regions and what developments are likely in 2011 and beyond.
#ART
·gccapitalideas.com·
Terrorism Market Continues to Provide Abundant Cover | GCCapitalIdeas.com
Innovative catastrophe bond type structure used to cover risks of lottery winnings for MyLotto24 | www.Artemis.bm
Innovative catastrophe bond type structure used to cover risks of lottery winnings for MyLotto24 | www.Artemis.bm
Just when you think the insurance-linked securities market can’t get any more interesting and innovative, a deal comes along which breaks new ground and brings a new type of risk to insurance-linked securities investors. Artemis.bm can reveal a groundbreaking deal which has recently been completed providing the sponsor with cover for exceptional jackpot winnings in their lotteries.
#ART#CAT
·artemis.bm·
Innovative catastrophe bond type structure used to cover risks of lottery winnings for MyLotto24 | www.Artemis.bm
Insurance-linked securities and parametric insurance cited as innovations by Swiss Re | www.Artemis.bm
Insurance-linked securities and parametric insurance cited as innovations by Swiss Re | www.Artemis.bm
The latest sigma report from reinsurer Swiss Re’s Economic Research & Consulting division takes a look at innovation in non-life insurance markets. The report says that although insurers are often seen as lacking in innovation there is actually considerable product innovation happening in the markets but much of it happens incrementally. Alternative risk transfer techniques, including insurance-linked securities and catastrophe bonds, however are an example of a more fundamental change in the sector.
#ILS#ART
·artemis.bm·
Insurance-linked securities and parametric insurance cited as innovations by Swiss Re | www.Artemis.bm
Hedge funds increasingly involved in reinsurance business as diversification tool | www.Artemis.bm
Hedge funds increasingly involved in reinsurance business as diversification tool | www.Artemis.bm
Hedge funds are showing increased interest in the reinsurance sector as they look for ways to diversify their investment strategies and to deploy their accumulated capital, according to a briefing paper published by ratings agency A.M. Best. The extent of the catastrophic losses experienced during 2011 has served to heighten this interest as hedge fund entrants to the reinsurance sector look to replace capital lost due to the catastrophes of 2011.
#ART
·artemis.bm·
Hedge funds increasingly involved in reinsurance business as diversification tool | www.Artemis.bm
Caribbean Catastrophe Risk Insurance Facility (CCRIF) excess rainfall cover launching soon | www.Artemis.bm
Caribbean Catastrophe Risk Insurance Facility (CCRIF) excess rainfall cover launching soon | www.Artemis.bm
Earlier this week we wrote that the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the catastrophe risk pooling facility who provide parametric based disaster insurance cover to Caribbean countries, had finalised their renewals for the 2012-2013 policy year. All 16 of their member countries renewed their hurricane and earthquake cover and now the CCRIF are actively negotiating and discussing their soon to launch excess rainfall cover with their members.
#ART
·artemis.bm·
Caribbean Catastrophe Risk Insurance Facility (CCRIF) excess rainfall cover launching soon | www.Artemis.bm
Governments encouraged to look to ex-ante risk financing such as catastrophe bonds | www.Artemis.bm
Governments encouraged to look to ex-ante risk financing such as catastrophe bonds | www.Artemis.bm
Governments should seek to avoid becoming the insurers of last resort when disaster strikes by choosing to buy protection through ex-ante risk financing mechanisms offered by the insurance and reinsurance markets. Despite a trend towards more catastrophe insurance coverage, the increasing uptake is not keeping pace with the growing amount of uninsured losses and this gap looks set to widen as the developing nations of Africa and Asia modernise and economic loss exposures grow.
#ART
·artemis.bm·
Governments encouraged to look to ex-ante risk financing such as catastrophe bonds | www.Artemis.bm
Is it time the capital markets helped out with terrorism risk transfer and reinsurance? | www.Artemis.bm
Is it time the capital markets helped out with terrorism risk transfer and reinsurance? | www.Artemis.bm
A cross party group of members of the U.S. Congress have introduced a piece of legislation aimed at achieving the renewal of the U.S. government’s terrorism insurance backstop until the end of 2019. The Terrorism Risk Insurance Act is slated to expire at the end of 2014 and there is now a sense of urgency to get the renewal and extension of TRIA in place by the end of this year as the majority of terror insurance contracts have one year terms.
#ART
·artemis.bm·
Is it time the capital markets helped out with terrorism risk transfer and reinsurance? | www.Artemis.bm
Kalista launches multi-peril crop industry loss warranty (ILW) products | www.artemis.bm
Kalista launches multi-peril crop industry loss warranty (ILW) products | www.artemis.bm
Kalista Global the Bermuda headquartered insurance and reinsurance services firm focusing on the insurance-linked securities (ILS), catastrophe bond, parametric re/insurance and alternative reinsurance sectors, has launched another new product today. Hot on the heels of the launch of an index-based ENSO (El Nino) cover the firm has announced the launch of a range of multi-peril crop industry loss warranty (ILW) products.
#ART
·artemis.bm·
Kalista launches multi-peril crop industry loss warranty (ILW) products | www.artemis.bm
Cat bonds wouldn’t have helped the Philippines | Felix Salmon
Cat bonds wouldn’t have helped the Philippines | Felix Salmon
Super Typhoon Haiyan might well have been the biggest and strongest storm in recorded history, with wind speeds exceeding 200mph and hurricane-force winds extending more than 50 miles from the storm’s eye. Moody’s estimates that half of the Philippines’ sugar cane crop has been destroyed, along with a third of its rice-growing fields. Most devastatingly, thousands of people were killed by the storm. In other words, Haiyan is the very model of a modern environmental catastrophe.
#ART#ILS
·blogs.reuters.com·
Cat bonds wouldn’t have helped the Philippines | Felix Salmon
Snowfall weather derivatives out of favour, says report | www.artemis.bm
Snowfall weather derivatives out of favour, says report | www.artemis.bm
The market in exchange traded snowfall derivatives has all but ground to a halt, according to a report from CNN, resulting in not even a single snowfall-linked weather derivative contract being traded on the Chicago Mercantile Exchange (CME) in 2013.
#ART#CAT#ILS
·artemis.bm·
Snowfall weather derivatives out of favour, says report | www.artemis.bm
Munich Re to collaborate with GIZ for agriculture risk transfer in Peru | Artemis.bm
Munich Re to collaborate with GIZ for agriculture risk transfer in Peru | Artemis.bm
Reinsurance giant Munich Re have teamed up with Germany’s Gesellschaft fur Internationale Zusammenarbelt (GIZ) GmbH to establish a risk transfer system for agriculture in Peru. The project titled; “Integrated Financial Management of Climate Risks in Peru’s Agricultural Sector” will aim to work alongside Peruvian authorities to develop a legal, institutional and structural framework to protect the agriculture business from weather-related risks.
#ART
·artemis.bm·
Munich Re to collaborate with GIZ for agriculture risk transfer in Peru | Artemis.bm
Jacqueline Loh: Public-private partnership - the way forward for natural catastrophe risk management in Asia
Jacqueline Loh: Public-private partnership - the way forward for natural catastrophe risk management in Asia
Public-private financing solutions, such as natural catastrophe insurance pools, micro insurance, and alternative risk transfer solutions such as catastrophe bonds, have the potential to enlarge the financial capacity of insurance solutions, by providing affordable cover to a wider pool. With the expertise and capital support from international and regional organisations, the public and private sectors can work together in developing purposeful risk transfer solutions for the region
#ILS#CAT#ART
·bis.org·
Jacqueline Loh: Public-private partnership - the way forward for natural catastrophe risk management in Asia
Private Market Involvement in US Terrorism Risk Market | GCCapitalIdeas.com
Private Market Involvement in US Terrorism Risk Market | GCCapitalIdeas.com
Concerned that the lack of terrorism coverage would hit the American economy, the US Congress passed the Terrorism Risk Insurance Act (TRIA) into law in November 2002. Since its inception, TRIA has been reauthorized twice in the form of the Terrorism Risk Insurance Extension Act (TRIEA) in 2005 and Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) in 2007. During this time, the Act has required the private risk market to assume a larger share of the program by increasing deductible and co-share requirements. The private market’s ability and willingness to cover terrorism risks has therefore increased since 2002 because of the federal program.
#ART
·gccapitalideas.com·
Private Market Involvement in US Terrorism Risk Market | GCCapitalIdeas.com
Can Financial Engineering Cure Cancer? | Enterprising Investor
Can Financial Engineering Cure Cancer? | Enterprising Investor
To find cures for cancer, investors must fund about 150 projects in order to lower the standard deviation of possible returns from cancer cure projects. With such a high number of viable projects, it becomes possible to issue debt. Once it is possible to issue debt, securitization concepts may be layered on top of portfolio theory to find viable cancer cures. As with traditional securitization, various tranches would be created for different risk appetites and with different guarantees for creditors buying those differently segmented risky tranches.
#ART
·blogs.cfainstitute.org·
Can Financial Engineering Cure Cancer? | Enterprising Investor
Meet the 'stock market' for politics - Katy Bachman - POLITICO.com
Meet the 'stock market' for politics - Katy Bachman - POLITICO.com
Though PredictIt could easily be confused with online gambling, it is legal — a prediction or futures market for politics that uses the marketplace to forecast events. PredictIt, a nonprofit research project, partnered with a university and restricted wagering on any single question to 5,000 people with each individual investment capped at $850.
#ART
·politico.com·
Meet the 'stock market' for politics - Katy Bachman - POLITICO.com
AXA backed ClimateSecure, parametric weather risk startup launches | Artemis.bm
AXA backed ClimateSecure, parametric weather risk startup launches | Artemis.bm
"AXA’s specialist digital insurance and banking seed fund, AXA Seed Factory, has partnered with AXA Corporate Solutions and French climate and weather services firm Climpact-Metnext, to launch ClimateSecure, an insurance and weather-risk management platform."
#ART#CAT
·artemis.bm·
AXA backed ClimateSecure, parametric weather risk startup launches | Artemis.bm
Prediction Market Design | Rajiv Sethi
Prediction Market Design | Rajiv Sethi
"The real money, peer-to-peer prediction market PredictIt is up and running in the United States. Modeled after the pioneering Iowa Electronic Markets, it offers a platform for the trading of futures contracts with binary payoffs contingent on the realization of specified events."
#Peer2Peer#ART#Liquidity
·rajivsethi.blogspot.com·
Prediction Market Design | Rajiv Sethi