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Japan quake: ILS managers see minimal loss potential. Euler estimates $3bn-4.5bn insured
['Steve Evans']
Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management site
Euler ILS Partners, the Zurich-based specialist investment manager, produced an event report that provides a detailed analysis of the event.
Firstly, Euler ILS Partners estimates that the insurance industry loss from this earthquake in Kumamoto could fall between US $3 billion and $4.5 billion.
However, at that level of impact to the global insurance and reinsurance industry, Euler ILS Partners said it does not expect any impact to the positions held by its fund.
As with any meaningful insured loss event, there could be implications for certain aggregate reinsurance and retro structures, including ILS positions structured in this manner, Euler ILS Partners also noted.
As Euler ILS Partners explained, it will take time for the industry impact to become clearer, but this early analysis by the ILS manager is a useful starting point range.