Risk losses

Luzi Hitz and Eduard Held argue that the market now has the building blocks in place to trade UK flood risk.

After months of waiting, the (re)insurance industry received the final expected loss numbers from modelling firm Risk Management Solutions' (RMS) revised US wind model in March.

The gap between peak and non-peak cat bond trading prices eased back in August after diverging into what Swiss Re described as a "bipolar" market mid-year.

Karen Clark, of the eponymous firm, is a leading expert in catastrophe risk assessment and management, working for more than 25 years in the field. Clark developed the first hurricane catastrophe model and founded the first catastrophe modelling company, Applied Insurance Research (AIR), in 1987. She shares her thoughts on the 2010 hurricane forecasts...

Three deals closed in late December with a combined capacity of $875mn -demonstrating strong investor demand for the ILS product.

Ratings agency AM Best is extending its insurance linked securities (ILS) rating methodology to include assessment of the basis risk carried by industry loss arranties (ILWs). In a statement, the fir