Latest News
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New team member for ForestRe for Latin-American market
22.09.2009
Gilberto joined FRe in September 2009, to enhance and support the Underwriting Team. With seven years experience with Munich Re and as a Senior Underwriter for the South American market, Gilberto is a native Spanish speaker and a graduate of the Cass Business School achieving a MSc with distinction, specialising in Insurance and Risk Management.
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ForestRe Discuss Natural Hazard Risks in Commercial Forestry
20.05.2009
Phil Cottle, MD and Jenny Yu, Risk Underwriter, FRe, join leading insurance risk experts to share their knowledge about climate change and the perceived increase in natural hazard risks in commercial forestry. The ForestRe presentation will provide evidence of these trends and explain how ForestRe adjusts its models to reflect this increase in risk, to ensure the best understanding of the risk profile when providing insurance to investors worldwide.
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ForestRe Presents at the Sustainable Bioenergy 2009
02.04.2009
Presenting at the Sustainable Bioenergy 2009 Conference on the 1st April, Phil Cottle discussed de-risking investment opportunities in forestry.
Although large investors have a greater spread of risk via diversified portfolios, there maybe a number of component small investors who need to consider transfer of risk through insurance. As climate trends change, average losses are hiding the extremes in losses from year to year. Catastrophic losses can hit returns and sustainability. In just nine years the incidence rate of temperature anomalies has changed from 1:100 event in 2000 and has increased eight fold (2008 is 1:12) and what was a 1:1000 event has become 1:80. These changes power fire and storm events. This alarming increase in incidence is illustrated by the anecdotal evidence of loss trends for 2009 already; Australian bush fires and drought in Argentina and Uruguay worst in over 100 years. Commercial forest fires in Chile are the worst in 20 years. ForestRe is focused on the analysis of risk trends and designing bespoke insurance to de-risk forestry investment from the unexpected. -
ForestRe Presents at Yale University 22nd April 2009
31.03.2009
Phil Cottle, Managing Director, ForestRe, is delighted to be invited to speak at the forthcoming 2nd Annual Carbon Finance Speaker Series at Yale University.
This speaker series seeks to understand how investors, NGO’s and government agencies, manage to protect forests and conserve land as a climate change mitigation and adaptation strategy, in an environment of uncertainty. The focus this year is on investing in forest management and land conservation strategies to provide solutions to climate change.
ForestRe’s presentation will be addressing the challenges and opportunities in providing risk management products and services to manage forestry risk including carbon and other ecosystem services.
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ForestRe Joins REDDnet, the Knowledge Exchange Network to Support UK Engagement in REDD
31.03.2009
The Reduction of Emissions from Deforestation and Degradation (REDD) is a mechanism for incentivising developing countries to reduce carbon emissions from deforestation and forest degradation.
With over 25 years experience in forestry insurance, ForestRe has the capability to specifically design products, utilising knowledge about environmental conditions and risk severity trends.
In the future REDD will impact upon both the type of product requiring insurance and political objectives. ForestRe is pleased to offer its support to the knowledge exchange project REDDnet.