Network with Captive Review on LinkedIn

Follow Captive Review on Twitter

RSS

4th of February 2012

PERILS-based transactions reach $250m

Gavin Bradshaw 21/07/2010

PERILS, the independent provider of European catastrophe insurance data, announced on 14 July that 2010 first-half placements of insurance risk transactions based on its loss index exceeded $250m.
 
The most recent transaction related to a private placement between Allianz Risk Transfer (ART) and Munich Re, arranged by Willis Re to provide €50m of protection to European wind risk.
 
Brian Kirwan, head of Insurance Linked Markets at ART said: “The Allianz Group is one of the founders of PERILS and we believe the increasing use and acceptance of the PERILS index is an integral part of the future growth of trading in the European windstorm market.”
 
Hans Joachim Thoenes, head of Retrocession at Munich Re, said this was the second transaction involving Munich Re where the PERILS index was used as the trigger.
 
Eduard Held, head of Sales & Products at PERILS (pictured above), said: “With the use of the PERILS index in this transaction our loss estimates have now been used as the index base in all main forms of industry loss-based insurance risk transactions.”

Tags: Allianz, Catastrophe, Munich Re, PERILS, Willis Re, Windstorm

Post a comment

Post a comment

Be the first to comment on this article!

Captive Insurance Database (CID) is the world's leading and most comprehensive online source of captive market intelligence.

CID gives users instant access to the names of parent companies who currently own a captive. It also gives you the captive name, manager, license date and the type of captive the parent company are running. Uniquely CID also contains vital contact information on captive owners and sponsors. This can be used to chase after new business or simply to get a better grasp of the market 

CID will start helping you in,

•    Winning more business proactively – Search from 5,292 captives and over 3,000 captive owners who you can offer your services to.
•    Increasing profit and efficiency – Target specific captive owners and sponsors quicker, saving you time.
•    Building relationships – Detailed contact information for each decision-maker 

An annual CID license costs just £1,195 + VAT.

Already a CID user? LOGIN to the database here.

Order a 2 year subscription and SAVE 25%
The license includes full online access to CID and a free annual hardcopy of CID (worth £610) . To find out more contact Ryan Nash on +44 (0) 20 7029 4065 or
r.nash@pageantmedia.com

more//

Company and Ratings Search

Search A.M. Best's extensive database of life/health, property/casualty and insurance companies worldwide.

more//

Cell Company Guide

WELCOME TO THE Captive Review Cell Company Handbook 2009 – the second edition of our global directory of cell company jurisdictions. Since we last published this directory, the general attitude toward cell companies seems to have shifted up a gear. Whereas single-parent companies have long ruled the captive roost, a slight uptick in the formation of pure captives at the beginning of this year can’t hide the fact that growth in this market is still sluggish.

more//

Pellentesque feugiat arcu vitae lacus elementum in ullamcorper diam pulvinar. In odio massa, facilisis sed dignissim vel, vehicula ac diam. Curabitur tempor, quam nec aliquam tempus, dui lorem venenatis arcu

Mauris accumsan orci ut turpis placerat condimentum. Ut sit amet lobortis purus. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.

CID