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  • As North Carolina prepares for Hurricane Earl, insured losses from the damage it wreaked in the Caribbean have been put as high as $150mn.
  • Swiss Re has called for collective action from insurers, governments and pension funds to stave off the risks of providing for an increasingly long-lived population.
  • A hurricane watch has been issued for the North Carolina coast as Hurricane Earl tracks through the Caribbean.
  • The fifth named storm of the 2010 North Atlantic hurricane season strengthened to a category 4 hurricane overnight (30 August) as it tracks northwest past Puerto Rico.
  • Leading ILS investor Clariden Leu has hired a portfolio manager with a view to expanding its strategy in the area of life insurance-linked investments, Trading Risk can reveal.
  • Ex-Horizon21 fund manager Urs Ramseier has launched his new Swiss investment firm Twelve Capital, as predicted by Trading Risk in late July.
  • Asset manager Alternative Beta Partners (ABP) plans to launch a tracker fund to complement its new ILS index, allowing investors the option to trade on the entire ILS universe.
  • US hedge fund manager Horton Point is marketing a dedicated ILS fund to investors as it rethinks its multi-strategy offerings in the wake of the credit crisis.
  • The second hurricane of the season, Danielle, has weakened as it moves across the Atlantic Ocean although the storm may still regain strength, according to forecasts from the US National Hurricane Center.
  • Leading ILS investor Clariden Leu has closed a groundbreaking ILS transaction, using the securitisation power of its Swiss bank franchise to transform insurance risk into much-needed investments for its flagship Cat Bond Fund, Trading Risk can reveal.