June 2009/1

Oil and gas liability mutual Oil Casualty Insurance Ltd (OCIL)’s 2005 excess liability cat bond Avalon Re has once again extended the maturity date on its Class B and Class C notes to 9 Septemb

CCRIF into 3rd year with 10 percent rate cut Reinsurance broker Aon Benfield has confirmed that all 16 Caribbean member governments have renewed their catastrophe policies with the World Bank-sponso

Eurex, the leading European derivative exchange and clearing house, is to launch binary US hurricane derivatives on 29 June, complementing current over-the-counter (OTC) trades. The exchange –

ISDA OTC template launched After two years of market consultation, the International Swaps and Derivatives Association (ISDA) has launched a standard template for trading US wind event futures. ISDA

The ILS market is braced for upcoming changes to California earthquake models that may reduce the estimated hazard resulting from a temblor by up to 35 percent. Upcoming releases from the two main p

The mysterious US investment fund which owns the outstanding positions in Aspen Insurance’s beleaguered cat bond, Ajax Re, is tussling with the administrators of the Lehman Brother’s bank

Forecasting hurricane activity is rarely accurate, and should therefore not be relied on for making investment decisions in the sector, according to analysis from Numis Securities.  Numis added that