Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Antipodeans mull cat bonds for quake cover

4 March 2011

The ILS market may see Australian and New Zealand earthquake bonds as soon as this July, as Antipodean insurers consider including cat bonds in their reinsurance renewals, Trading Risk has learned.

As losses from February's New Zealand earthquake compound mounting claims from 2011 Australian cat losses, sources say Australian firms have already made inquiries about purchasing cat bond cover for quake risk.

Traditional reinsurance rates have previously been well below cat bond pricing for off-peak Australasian risk, but pricing is...

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