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Topic: European windstorm

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	European_windstorm
		European windstorm From Sterwiki A European windstorm is a severe cyclonic storm that tracks across the North Atlantic towards north-west Europe in the winter months.
		Severe gales (estimated to be Force 10-11) swept the east coast of Scotland, infamously resulting in the collapse of the Tay Rail Bridge and the loss of 75 people who were on board the ill-fated train.
		Severe European windstorms in recent history January 31-February 1, 1953.
	www.news-from-newspapers.com /en/Wikipedia.org/2005/01/15/European_windstorm.html (1088 words)

	Cost of European windstorm estimated - Boston.com
		Reinsurance provider Platinum Underwriters Holdings Ltd. said Monday it initially estimated its losses from a January windstorm in Europe at $10 million to $20 million.
		NEW YORK --Reinsurance provider Platinum Underwriters Holdings Ltd. said Monday it initially estimated its losses from a January windstorm in Europe at $10 million to $20 million.
		Windstorm Kyrill caused widespread damage across several countries in Europe.
	www.boston.com /business/articles/2007/02/05/cost_of_european_windstorm_estimated (136 words)

	North Sea flood of 1953 - Wikipedia, the free encyclopedia
		A combination of a high spring tide and a severe European windstorm caused a tidal surge of the North Sea up to 3.36 m, which overwhelmed sea defences and caused extensive flooding.
		Further loss of life exceeding 230 occurred on watercraft along northern European coasts as well as in deeper waters of the North Sea; the ferry Princess Victoria was lost at sea in the North Channel with 132 fatalities, and many trawlers sank.
		The North Sea Flood of 1953 was one of the most devastating natural disasters ever recorded in the UK.
	en.wikipedia.org /wiki/North_Sea_Flood_of_1953 (1274 words)

	Converium: CRESTAplus: New reporting standard for cat exposure data
		After the European winter storms in 1999 several market players came to the conclusion that a new standard had to be developed for the exposure reporting.
		The Reinsurance Roundtable is an alliance of reinsurers, European ceding companies, intermediaries and risk modeling companies organized under the leadership of Converium Ltd., formerly known as Zurich Re.
		The purpose of the Reinsurance Roundtable is to set the standards and improve the process for reporting exposure information in terms of quality of service and speed.
	www.converium.com /307.asp (321 words)

	RMS estimates insured losses of €3-5 billion from Windstorm Kyrill
		Windstorm Kyrill was the most damaging storm to affect Europe for several years, causing widespread, consistent damage across the UK, through Belgium and the Netherlands, Germany, Austria, Poland and the Czech Republic.
		Windstorm Kyrill caused damage over a broader area and was more intense than Windstorm Jeannette in 2002, which was the last storm to affect these countries and caused a total insurance bill of over €1 billion.
		RMS generated the estimate of losses by re-constructing the footprint of Windstorm Kyrill using observation data from the dense network of stations maintained by individual country meteorological agencies, and modeling property-related losses within the updated RMS® Europe Windstorm Model released in spring 2006.
	www.continuitycentral.com /news03021.htm (416 words)

	AIR Provides Modeling Support for the Helix Catastrophe Bond Launched by Converium (Site not responding. Last check: 2007-10-28)
		A significant amount of these exposures are in Europe, a region subject to severe winter windstorms, more technically referred to as extratropical cyclones.
		Helix's European windstorm risk was analyzed using AIR's European Extratropical Cyclone model.
		NWP constructs a more realistic picture of European windstorm evolution than statistical models and more accurately depicts the time-dependent, three-dimensional structure of the winds associated with these storms," said S. Ming Lee, senior vice president at AIR Worldwide.
	www.iso.com /press_releases/2004/06_15_04.html (562 words)

	[No title]
		At both NATO and the European Union in Brussels, the talk was euphoric.
		The newspapers of England and the continent are filled with quotes from citizens of various European countries, nearly all expressing some form of angry individualism and/or nationalism against this new collectivity.
		Voters in France and the Netherlands are to decide respectively on May 29 and June 1 on the European constitutional treaty.
	www.uexpress.com /printable/print.html?uc_full_date=20050524&uc_comic=gg (724 words)

	::: The-Eggs ::: NewsLetter & Information Service of the E.G.U.
		SSETI Express, a low Earth orbit spacecraft designed and built by European university students under the supervision of ESA's Education Department, is to be launched from the Plesetsk Cosmodrome on a Russian Cosmos 3M launcher on 27 September in the morning.
		European policies related to forestry include the EU Biodiversity Strategy, Natura 20000 and the implementation of the Climate Change Convention.
		Given the obvious importance of tourism at the European scale, and the sensitivity of this sector to weather, it is important to understand the possible impacts of climate change on Mediterranean beach holidays and winter sports.
	www.the-eggs.org /articles.php?id=32 (3480 words)

	European Windstorm Figures (Site not responding. Last check: 2007-10-28)
		Figure 1: The European windstorm of October 1987 subjected large regions of southeastern England to hurricane-force gusts of more than 60 knots (75 mph).
		Figure 5: European windstorm Thalia of January, 1995 shows the typical shape of a mature extratropical cyclone.
		Only those windstorms whose nadir pressure fell below a threshold of 970 millibars (mb) in the north and 990 mb in the south are included.
	www.bbsr.edu /rpi/public/pubs/pre2000/euwindsum/eurowdfig.html (1026 words)

	Tropical cyclone - Wikipedia, the free encyclopedia
		These European windstorms can generate hurricane-force winds but are not given individual names.
		However, two powerful extratropical cyclones that ravaged France, Germany, and the United Kingdom in December 1999, "Lothar" and "Martin", were named due to their unexpected power (equivalent to a category 1 or 2 hurricane).
		For several hundred years after Europeans arrived in the West Indies, hurricanes there were named after the saint's day on which the storm struck.
	en.wikipedia.org /wiki/Hurricanes (8795 words)

	SS&C eNewsletter article: Insurance Coverage for Hurricane Damage
		Property damage caused by a hurricane generally falls under windstorm coverage in a typical commercial property insurance policy.
		Windstorm and flood insurance generally have separate deductibles, with windstorm deductibles almost always being higher.
		But in many cases, insurers apply the higher, and more costly, windstorm deductible, even if there was more damage caused by flooding.
	www.ssctech.com /e-news/article.asp?V=5&A=2339 (547 words)

	RMS Estimates Insured Losses of Euro 3-5 Billion From Windstorm Kyrill
		Windstorm Kyrill caused damage over a broader area and was more intense than Windstorm Jeannette in 2002, which was the last storm to affect these countries and caused a total insurance bill of over euro 1 billion.
		"Kyrill subjected the European building stock to widespread damaging winds, but not of the intensity experienced during the 1999 storms." The breakdown of losses shows that most of the damage was caused in the U.K. and Germany, and is likely to come from residential and motor losses.
		RMS generated the estimate of losses by re-constructing the footprint of Windstorm Kyrill using observation data from the dense network of stations maintained by individual country meteorological agencies, and modeling property-related losses within the updated RMS(R) Europe Windstorm Model released in spring 2006.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-23-2007/0004511035&EDATE= (929 words)

	Study estimates impact of climate change on insured losses
		According to the ABI report, possible impacts of climate change include an increase in tropical cyclones storm intensity and European windstorm frequency.
		The AIR analysis determined that a 6 percent increase in average wind speeds from tropical cyclones, such as U.S. hurricane and Japan typhoon, could result in as much as a 60-75 percent increase in insured losses per year.
		A 20 percent increase in the frequency of major European windstorms could result in as much as a 35 percent increase in average annual insured losses.
	www.finfacts.com /irelandbusinessnews/publish/printer_10002417.shtml (836 words)

	SEVENTH "BILLION-DOLLAR" NATURAL CATASTROPHE IN THREE YEARS. (Site not responding. Last check: 2007-10-28)
		This time, it is a windstorm in Colorado, which causes over a billion dollars of insured losses.
		The other four were European windstorms during January and February 1990.
		NOTES: In the wake of the European windstorms of January and February, insurers were pointing with concern, in growing numbers, to the emerging predictions of global warming.
	archive.greenpeace.org /climate/database/records/zgpz0706.html (244 words)

	New tool to help underwriters predict windstorms
		European windstorms are severe extra-tropical cyclones which usually form in the North Atlantic during winter and track towards northwest Europe.
		After US hurricanes, European winter windstorms rank as the next most expensive cause of global insured losses, with windstorms Daria (1990), Lothar (1999), Vivian (1990) and the October 1987 storm ranking 7th, 8th, 12th and 13th on the list of most costly global insurance losses since 1970, according to Swiss Re.
		It also includes warnings for the severity and timing of high windspeeds in all other European countries, using windspeed and pressure forecasts from the UK Met Office's numerical weather prediction models, combined with in-house research and modelling.
	www.lloyds.com /News_Centre/Features_from_Lloyds/tool_help_underwriters_predict_windstorms.htm (249 words)

	Hannover Rückversicherung AG
		European Financial Movers: Sub-Primer, Ratings Primer The equity markets moved with the newsflow on US sub-prime mortgages We looked at what European financial issuers are saying about their exposures The credit markets also had rating...
		European Insurers: Blowin' in the Windstorm The storm known as Kyrill has caused extensive damage in the UK, Germany, Benelux, northern France and central Europe Initial damage estimates imply that the #### total cost of European windstorms...
		European Financial Movers: Underweight Banks and Insurers We have changed our sector recommendations on both the bank and insurance sectors in Europe to Underweight, from Market Weight This is based on the level of #-year subordinated...
	www.alacrastore.com /companyrss/529392 (1381 words)

	Press Release : 2007
		By means of a counterparty contract the transaction provides Converium Ltd’s Bermuda branch with protection against the occurrence of second and subsequent events in four peril regions.
		Helix’s European windstorm risk was analyzed using AIR’s 2003 European Extratropical Cyclone model.
		NWP constructs a more realistic picture of European windstorm evolution than statistical models, and more accurately depicts the time-dependent, three-dimensional structure of the winds associated with these storms,” said S. Ming Lee, senior vice president at AIR Worldwide.
	www.air-worldwide.com /_public/html/newsitem.asp?ID=557 (444 words)

	brucho
		Despite the windstorm the High Tatras are still considered one of the most important ski centres in Slovakia.
		This blond-haired athlete was a star in 2002 when she won Hall European Championship in Vienna and in open European Championship in Munich; in the first case she even broke the world’s record.
		This month she has participated in the European Championship in Madrid as a title defender and other top event is yet to come- the World Championship in Helsinki.
	www.casopisdimenzie.sk /html/english/marec_2005_perex.htm (15079 words)

	Credit and Finance Risk Analysis - Catastrophe Risk Bonds / Securitization
		The bond(s) is sold to investors but is held by a Special Purpose Vehicle (SPV, usually an offshore location), as Trustee on the behalf of both parties.
		Some SPVs securitize several types of natural catstrophe risk (earthquake, hurricane and windstorm) into a pool and bond issue.
		In a Catastrophe Risk Swap, two insurers swap a set dollar amount of 2 different and separate types of catastrophe risk with eacother (for example, swapping $100 million of east coast U.S. hurricane risk for for an equal amount of Japan earthquake risk).
	www.credfinrisk.com /catastrophe.html (697 words)

	[No title] (Site not responding. Last check: 2007-10-28)
		European windstorms are severe extra-tropical cyclones which form usually in the North Atlantic during winter and track towards northwest Europe.
		The European windstorms Daria (1990), Lothar (1999), Vivian (1990) and the October 1987 storm rank 7th, 8th, 12th and 13th on the list of most costly global insurance losses since 1970 (Swiss Re, 2005).
		European winter storms are also responsible for 70-75% of all European insured losses since 1970.
	www.insurancebroadcasting.com /122105-7.htm (1258 words)

	FinanzNachrichten.de: Artikel drucken
		Windstorm Erwin battered Northern Europe from Ireland to Russia over the weekend of January 7-9, 2005, killing at least 17 people and causing widespread property damage throughout the region.
		Erwin, which brought torrential rain and winds in excess of 85 miles per hour, has been described as one of the most severe storms to hit Northern Europe in more than 15 years.
		PartnerRe is a leading reinsurer of European catastrophe risks, and the Company''s loss estimate for Windstorm Erwin is consistent with its market position in that region.
	www.finanznachrichten.de /p.asp?id=4356026 (404 words)

	Artemis - The Alternative Risk Transfer Portal (Site not responding. Last check: 2007-10-28)
		The five year, $100 million transaction provides catastrophe cover to Converium Ltd. for potential losses from European windstorm, U.S. earthquake, U.S. and Caribbean hurricane and Japanese earthquake.
		A significant amount of these exposures are in Europe, a region subject to severe winter windstorms, more technically referred to as extratropical cyclones.
		Helix's European windstorm risk was analyzed using AIR's European Extratropical Cyclone model.
	www.artemis.bm /html/press_releases/extpress129.htm (589 words)

	RMS Press Release - January 12, 2004 - RMS Performs Risk Analysis for First Securitization Covering Electrical ...
		The innovative securitization is the first for a European corporate and the first such deal worldwide to cover transmission and distribution (TandD) risk.
		In December 1999, damages from Windstorms Lothar and Martin in France caused substantial damage to the electricity supply network, affecting more than three million customers in France.
		The index is based on recorded windspeeds, and is weighted to match the regional variations in vulnerability to wind-related damage for the protected network.
	www.rms.com /newspress/PR_011204_Sec.asp (383 words)

	Industry Focus -- RMS expands model to cover European windstorm risks
		The RMS model has been extended to include Norway, Austria and Switzerland, allowing users to model seamlessly across Europe from Ireland in the west across Scandinavia to Germany and Switzerland in the southeast.
		The RMS model uses a combination of numerical and parametric modeling to capture the windfield structures typical of European windstorms.
		Contrary to the anticipated situation with U.S. and Caribbean hurricane landfalls over the next five years, Newark, Calif.-based RMS said there is no evidence for a strong or consistent change in windstorm activity in Europe in recent years, or any regional climactic connections with the rate of windstorm activity.
	www.businessinsurance.com /cgi-bin/industryFocus.pl?articleId=19110&issueDate=2006-06-18 (258 words)

	Munich Re - US$ 300m catastrophe bonds for US and European peak risks placed in the capital markets / Munich Re ... (Site not responding. Last check: 2007-10-28)
		Risk modelling and analytical services for this transaction were provided by RMS using its proprietary hurricane, earthquake and European windstorm models.
		For the San Francisco Bay and Greater Los Angeles areas, the triggers are based on earthquake magnitudes within a series of geographical 'boxes' surrounding sources of major tectonic activity.
		The European windstorm trigger is a weighted index calculated from windspeeds measured at 600 stations across five countries in Western Europe, also capturing regional variation of industry exposure and vulnerability.
	www.munichre.com /Pages/06/press_releases/2001/2001_01_25_press_release_78_en.aspx (802 words)

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