NEWS & EXPERT ARTICLES
Strong Earthquake in Mexico
On 8 September 2017 at 4.49 UTC, there was an earthquake with a magnitude of 8.1 near the Pacific coast line of Mexico. This is likely to be the strongest earthquake in Mexico in more than a century. USGS reports a depth of less than 70km with shaking still being felt...
Event update Hurricane Irma, Katia and Jose
Event Summary from Twelve Capital Hurricane Irma remains a catastrophic Category 5 storm despite slightly less strong wind speeds. Sea surface temperature and ocean heat content will be even higher on its projected track. Upper-level atmospheric conditions remain...
CAT Bond Update Hurricane Harvey
Harvey is a Category 2 hurricane currently in the Gulf of Mexico heading towards Texas, USA. Central pressure is 950hPa and decreasing, with wind speeds of 175km/h as of 12pm UTC. Harvey is forecasted to make landfall on 26 August 2017 in the morning (UTC) as a Major...
Twelve Falcon ILS Fund closed for new subscriptions
We limit the accrual of new investor funds by setting quotas so that liquidity is commensurate to the investment strategy. This quota procedure ensures that new shares are only issued in a limited number because without the prospect of attractive investment...
Earthquake in New Zealand
Information provided by the Twelve Capital fund manager: An earthquake of magnitude 7.8 struck New Zealand’s South Island on Sunday, 13 November at 23:02 local time. The epicentre of the main shock lay about 100 km northeast of Christchurch and about 220 km southwest...
Setting quotas as an appropriate means of liquidity control
Dear Sir or Madam, The following can be recorded with regard to the primary market activity of catastrophe bonds (Cat Bonds) during the period from January to October 2016. Total issue volume of USD 4.93 billion stands in relation to total outstanding volume of USD...
Earthquake Italy October 30 2016 07:40 local time
An earthquake of magnitude 6.5 has occurred in the Apennine mountains on Sunday, 30 October at 07:40 local time. The location is northeast of Rome and southeast of Perugia, near the small town of Norcia. The location is further to the north to Amatrice, where an...
Earthquake in Japan April 14th 2016
A strong and shallow earthquake occurred on Kyushu, the most southwesterly of Japan’s four main islands on April 14. The quake struck at 9:26 p.m. (local time) at a depth of approximately 11 km near Kumamoto, Japan’s 17th largest city, with a population of 700’000. At...
CAT Bond Market Report March 2016
Performance for the period was mainly attributable to coupon accruals, given the stabilisation in mark-to-market pricing experienced during March when compared to spread widening seen in the preceding few months. Issuance activity remained strong during March, with...
CAT Bond market review October 2015
Primary market activity remained moderate in terms of new issuances during October, however given our discussions with various syndicates, we expect this activity to pick up as we approach year end. A new parametric Cat Bond was also analysed during the month, which...