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EQECAT estimates the insured loss for Hurricane Isabel to be in the $500 million to $1 billion range.
EQECAT today announced that it has provided the risk analysis for a $470 million bond, the largest cat bond issued to date based on total amount of risk transferred.
Peter R. Fisher, Treasury Under Secretary for Domestic Finance to address insurance industry in January 2003, at the "Successfully Managing Terrorism Insurance Risk" summit on the Terrorism Risk Insurance Act of 2002.
EQECAT has been selected by the Insurance Bureau of Canada (IBC) to participate in a major industry study that will revise and redraw the Canadian CRESTA zone seismic boundaries.
On March 15, 2002 EQECAT was awarded a contract to develop the earthquake loss costs for the Workers' Compensation Insurance Rating Bureau (WCIRB) of California.
EQECAT will sponsor "Innovations in Catastrophe Management" conference in Ft. Myers, Florida on March 3-6, 2002.
RiskMeter is proud to announce an alliance with EQECAT to provide earthquake and wildfire information based on a risk's location.
EQECAT, Inc. will again be sponsoring "Innovations in Catastrophe Management" in Paris, France on September 26 and 27, 2001.
EQECAT, Inc. announced that it provided the risk analysis in support of the recent Swiss Re-sponsored SR Wind Ltd. issue, consisting of $120 million of four-year securities, which provide protection against one or more US hurricanes and one or more French windstorms.
EQECAT, Inc. is pleased to report that the Florida Commission on Hurricane Loss Projection Methodology has approved its proprietary USWIND® model, part of the WORLDCATenterprise platform.
Mr. Michel Voronkoff joined EQECAT, Inc. to manage its European Consulting activities.
Swiss Re Capital Markets Corporation and Goldman, Sachs & Co. recently used a combination of reinsurance and investment capital to arrange $100 million that will be available to California Earthquake Authority policyholders in the event of one or more major earthquakes in the next 23 months.
On August 30, 2000 in London, The Review chose EQECAT, Inc. as the recipient of the Professional Service Provider of the Year award.
EQECAT was selected by government-owned Central Reinsurance Corporation (CRC) of Taiwan to assist in a feasibility study for a voluntary residential earthquake insurance pool.