Monthly Archives: December 2014

2014 – the convergence market, converged

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Our Christmas quiz and a look back at 2014 2014 was the year that the convergence market converged. Most large insurance companies – and many smaller ones – now use reinsurance and catastrophe bonds interchangeably. In recent...

News review | December 22 2014

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Third Point Re is set to close its ILS fund amid "increasingly difficult conditions in the catastrophe reinsurance market" and will redirect resources into Hiscox's Kiskadee ILS platform. Third Point Reinsurance Opportunities Fund's...

What happened to all the hurricanes?

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In just two years (2004-2005) the United States experienced seven major hurricanes. In the nine years since then, not one major hurricane has made landfall in the US - the longest gap since records began. In an upcoming paper, NASA's Dr...

News review | December 15 2014

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Early forecasts are predicting another quiet year in the North Atlantic in 2015. Tropical Storm Risk's Professor Mark Saunders and Dr Adam Lea are forecasting 13 named storms, six hurricanes and two major (Category 3+) hurricanes...

News review | December 8 2014

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AIG's latest Tradewynd cat bond has been upsized by 67% and the insurer is now seeking $500m of fully-collateralised named storm and earthquake reinsurance protection. Pricing on Tradewynd Re 2014-1, the seventh cat bond to be sponsored...

Stuff happens

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Robert Medeiros predicts some of the things that the models will get wrong when the next US hurricane happens Modern catastrophe models can generate probabilistic loss estimates to the nearest cent, but unquantifiable factors...