Catastrophe Risks

The Federal Emergency Management Agency (FEMA) will launch a CAT bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through FloodSmart Re, Ltd., a Bermuda-domiciled special purpose vehicle. Read More

Kroll Bond Rating Agency (KBRA) released a research report as two of the leading hurricane forecasters reduced their outlooks for the 2018 Atlantic hurricane season. The revised forecast from Colorado State University called for below average activity. AccuWeather also reduced its forecast, remaining more in line with historical averages. Read More

Jardine Lloyd Thompson Capital Markets, Inc., (JLTCM) recently completed two private placement catastrophe bonds: Oak Leaf Re 2018-1, which closed at $45.26 million, and Market Re 2018-1, which closed at $84 million. Read More

SCOR is the first reinsurer to use the United Kingdom's new insurance-linked securities regime to issue a new catastrophe bond (CAT bond), Atlas Capital UK 2018 PLC, with a multiyear risk transfer capacity of $300 million. Read More

Scientists from the National Center for Atmospheric Research have published a detailed analysis of how 22 recent hurricanes would change if they instead formed near the end of this century in a future, warmer climate. One consistent feature across storms was that they all produced more rain. Read More