Press Release Archive
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2008 Press Releases
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September 2008
EQECAT announced today that Torus Insurance has licensed EQECAT's Gulf of Mexico Offshore Energy Model (OEM) for portfolio risk management and underwriting.
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September 2008
EQECAT Initial Post-Landfall Estimates of Insured Onshore Losses from Hurricane Ike
EQECAT said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA), initial post-landfall estimated insured onshore losses from Hurricane Ike could range from $8 to $18 billion, primarily in the Texas counties of Brazoria, Harris, Galveston, Chambers and Jefferson.
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September 2008
EQECAT Post-Landfall Estimates of Insured Onshore Losses from Hurricane Gustav
EQECAT said, based upon current assessment reports of damage caused by Hurricane Gustav, and additional post-landfall data regarding the storm's characteristics, it has reduced estimated onshore insured losses to a range of $3 to $7 billion, primarily in Louisiana, from an initial landfall estimate Monday of $6 to $10 billion.
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September 2008
EQECAT Initial Estimates Of Insured Onshore Losses From Hurricane Gustav
EQECAT said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA), initial estimated onshore insured losses from Hurricane Gustav could range from $6 to $10 billion, primarily in Louisiana.
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August 2008
EQECAT announced today that Catlin Underwriting Agencies Limited, an international specialist property, casualty insurer and reinsurer, has licensed EQECAT's Gulf of Mexico Offshore Energy Model for underwriting and portfolio risk management.
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March 2008
EQECAT, said today that a joint analysis with ABS Consulting has enabled refinement of the EQECAT US Offshore Energy Model.
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January 2008
Swiss Re Successfully Places First Ever Bond Linked to Central American Earthquakes
Swiss Re has successfully structured and placed $85 million (USD) of securities covering windstorm events in the United States as well as earthquakes in California and Central America.