Business interruption

Is the recent spate of costly earthquakes a deadly trend or just coincidence?

95 percent of the total $8.5bn insured losses from last February's Chilean earthquake will be shouldered by the reinsurance market, according to a report by Aon Benfield.

Catastrophe modelling firm AIR Worldwide has estimated that the (re)insurance industry could lose up to $8bn as a result of the second Christchurch earthquake, a loss which would roughly equal the Chilean quake that was the most costly cat last year.

Martin Malinow, president of the Weather Risk Management Association (WRMA) and CEO of Galileo Weather Risk Management, has warned that proposed US legislation to mandate exchange trading for swaps could harm the end-user weather derivatives market.

Munich Re, Swiss Re and Hannover Re have estimated combined losses of more than EUR1bn from the Chilean earthquake and windstorm Xynthia that struck on 27 and 28 February.

Dutch life insurer AEGON completed a $900mn embedded value securitisation with investment bank JPMorgan, creating regulatory capital relief for its US operations. JPMorgan securitised $650mn of the i

Dutch life insurer AEGON has completed a $900mn embedded value securitisation with investment bank JPMorgan, creating regulatory capital relief for its US operations. JPMorgan securitised $650mn of t

 Swiss insurer Zurich Financial Services (ZFS) has confirmed receipt of $128.5mn in paid claims from its $190mn KAMP Re cat bond, sparking a flurry of trading interest in the distressed notes. Pricin

Electronic weather trading platform Weather Risk Solutions (WRS) has fully launched a series of hurricane commodity call options, allowing traders to hedge the risk of a landfalling hurricane in 78 U