Parametric

SV ErnteIndex protects against crop losses in instances of drought, frost or wet weather.

The trade association issues a report as it holds its annual conference.

Axa has launched Axa Global Parametrics to widen its parametric insurance solutions, the company announced today

American International Group (AIG) has increased the target size of its parametric Compass Re II cat bond by $100mn to $300mn, sister publication Trading Risk reported last week.

American International Group (AIG) is hoping to raise $200mn from a new private cat bond issuance, sister publication Trading Risk understands.

Allianz and Allianz Risk Transfer - a major fronting partner for Nephila - have lent support to New Paradigm Underwriters, a Florida-based managing general agency (MGA) that offers parametric hurricane cover, sister publication Trading Risk reported last week.

Parametric insurance will make it easier for public organisations to buy insurance against catastrophes, according to Cooper Gay's Latin America CEO Steve Jackson.

(Re)insurer opinion on preferred cat bond triggers has diverged and become more entrenched following losses on parametric bonds in the wake of the Japan earthquake.

Risk modelling firm Risk Management Solutions (RMS) has launched a parametric industry loss index for Japanese typhoons, taking its Paradex line-up to cover the five largest insurance perils.

Modelling agency Risk Management Solutions (RMS) launched its new Paradex US Earthquake (PUE) parametric index for estimating insured losses from US quakes last week.

Risk modelling firm Risk Management Services (RMS) is launching a series of natural catastrophe indices for US wind and quake, and European windstorm under the banner Paradex.

Cat modelling specialist Risk Management Solutions (RMS) has launched a new parametric index it says will help draw more emerging capital markets players into the catastrophe risk arena.