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  • Andreas Kusay - ex-Manulife executive and mooted head of proposed $100mn+ collateralised retro vehicle Equinox - has joined cat futures trading platform IFEX as a consultant to promote its event-linked futures (ELFs).
  • The price of US wind industry loss warranty (ILW) instruments has fallen by up to 40 percent year-on-year for the 1/1 renewal season, with average rates on line (RoL) reducing around 25 percent over the prior year across all perils.
  • A powerful winter storm produced heavy snow and strong winds across the US Eastern Seaboard on 5 and 6 February, prompting states of emergency in Washington DC, Maryland and Virginia.
  • Swiss Re has called for more public-private transactions after a devastating earthquake in Haiti last month caused billions of dollars in economic losses.
  • European (re)insurers face an average 70 percent increase in solvency capital requirements (SCR) from changes to implementation measures for the European regulatory standard proposed over the past six months.
  • Risk Management Solutions (RMS) has officially launched its third natural catastrophe index under the Paradex banner - Paradex US Earthquake (PUSEQ).
  • Hannover Re has expanded its K6 sidecar vehicle by $152mn, to offer $329mn of total capacity for the German reinsurer's catastrophe retro business in 2010.
  • The Weather Risk Management Association (WRMA) has broadened its membership criteria to include companies active in cat bonds, ILS and industry loss warranties.
  • Ratings agency Moody's Investors Service has put EUR189mn of Swiss Re's Crystal Credit securitisation on review for further downgrade as losses mount.
  • Fitch has confirmed the expected BBB- rating on EUR38.9mn of Value In Force life notes issued by Atlanticlux-sponsored special purpose vehicle (SPV) Ganeesha ISA.