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

19 May 2012

European windstorm Xynthia threatens EUR1.3bn+ cat bond capacity

1 March 2010

More than EUR1.3bn of cat bond capacity is potentially exposed to loss following this weekend's devasting European windstorm Xynthia, according to Trading Risk data.

Xynthia battered large parts of west and north France early on Sunday morning (28 February) with windspeeds of up to 200kph, having worked its way through Portugal and Spain. The weather system is reported to have swept north-eastwards into Germany, Belgium and the Netherlands.

A total of ten in-force cat bonds offer around EUR1.37bn of cover...

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