Tag Archives: cat bonds

What the Influx of Capital is Doing to Reinsurance Today

Capital Inflow: Who is Buying

Last week I presented the keynote address of the International Cooperative and Mutual Insurance Federation (ICMIF), Meeting of Reinsurance Officials (MORO), in Miami. The theme of the presentation, “The Current State of the Reinsurance Market”, focused on the impact of the … Continue reading →

Our Scariest Capital Markets Risk – Waiting for the Perfect Time as an Excuse for the Status Quo

Scariest Risks

Voltaire’s “Dit que le mieux est l’ennemi du bien”* is a cliché well understood by most executives in reinsurance, finance, and asset management. They do not generally let market timing influence ordinary course decisions towards the status quo (e.g., do … Continue reading →

Behind the Non-Life Cat Bond Transaction of the Year

The Golden State Re deal comprised a number of creative features that were firsts for not only WCMA, but the insurance-linked securities market. Guest blogger Adam Beatty of our WCMA division explains what was new about it. Continue reading →

Outstanding Catastrophe Bond Capacity Back Over $14 Billion

Non-Life Catastrophe Bond Capacity, Issued and Outstanding (chart)

Back to Previous High-Water Mark This month the catastrophe bond market has quietly passed a rather significant milestone.  The total outstanding non-life issuance is back over $14 billion for the first time since June 2008. So does this mean the … Continue reading →

Property Catastrophe Pricing Remains in Check: Where is the Hard Market?

Flood Missouri

Our recent Willis Insurance-Linked Securities (ILS) Update reported property catastrophe rate increases but hardly the return to a hard market that many have been predicting. Why is this so? Continue reading →

New Madrid Quakes 200 Years Later–More Devastating?

New Madrid Earthquakes of the 1800s

200 years ago today, the first of three devastating New Madrid earthquakes struck the Central U.S. What damage would such quakes wreak today? Continue reading →

T&D Cover – Gone With The Wind?

The power sector's transmission and distribution networks (T&D) are exposed to European winter storms, but meaningful levels of T&D insurance is hard to find. Continue reading →