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Technical report: ART - Risky business.
(From Reinsurance)
After nearly two decades of tentatively dabbling in the capital markets, it took the double whammy of the 2004 and 2005 hurricane seasons for the reinsurance industry to take transferring risk to the capital markets seriously.
Some well-established players fell by the wayside, and US property/catastrophe insurers reported record losses of $56.8bn in 2005 (according to risk consultants ISO). Insurance losses were reported across the world after the US, Caribbean and Central American coasts were pounded relentlessly by the storms.
The result of this 'once in a lifetime' scourge, followed by 12 months of relative calm, has been ...
- Cat bond fever: catastrophe bonds are booming as insurers and investors grow...
- Magazine article from: Best's Review Green, Meg December 1, 2007 700+ words
...ILLUSTRATION OMITTED] Catastrophe bonds are becoming a mainstream...been transferred to the capital markets, and more are expected...capacity available from the capital markets." Katrina and the Wave...said Mike Steel, head of capital markets for Benfield. "We see...
- More risk, more reward: the catastrophe bond business is booming this year, as...
- Magazine article from: Best's Review Green, Meg July 1, 2006 700+ words
Catastrophe bonds are on target to set another record in 2006, thanks in part to insurers and reinsurers securitizing deeper layers of risk, while...
- Taming the cat: securitizing pandemic losses offers life insurers a guaranteed...
- Magazine article from: Best's Review Bagus, Ghalid September 1, 2007 700+ words
...mortality losses to the capital markets. Reinsurers are...transfer mechanisms in capital markets. For an increasing...insurers), mortality catastrophe bonds provide the answer...prohibit mortality catastrophe bonds from being pandemic...
- Capital markets risk transfer products gain wider acceptance; Catastrophe bonds...
- Magazine article from: Business Insurance Mcleod, Douglas October 29, 2007 700+ words
...DOUGLAS McLEOD Capital markets are well on their...in other types of capital markets products varies...losses. Mortality catastrophe bonds protecting life insurers...every corner of the capital markets is seeing growth...
- Aon Capital Markets Places $225 Million U.S. Earthquake and U.S. Hurricane...
- Press release article from: PR Newswire December 19, 2007 700+ words
...investment banking group, Aon Capital Markets, successfully completed...Property Claim Services. Aon Capital Markets and J.P. Morgan Securities...placement agents. "The capital markets continue to provide meaningful...
- Interest in catastrophe bonds expected to keep growing; Issuance is down,but...
- Magazine article from: Business Insurance McCARTHY, COLLEEN September 21, 2009 700+ words
...transferring catastrophic risk to the capital markets continues to grow as issuers resume using catastrophe bonds as a portfolio management tool...Paul Schultz, president of Aon Capital Markets in Chicago, said during a panel...
- Corporate CAT bonds the next frontier.(Catastrophe bonds )
- Newspaper article from: Private Placement Letter Gregory, Michael April 5, 2004 700+ words
...reinsurance provider. Goldman Sachs, Lehman Brothers and Aon Capital Markets have also been active underwriters. These parametric transactions - as opposed to the indemnity catastrophe bonds that were popular in the late 1990s - seem preferable to...
- Benfield and Merrill Lynch Announce Agreement to Offer Catastrophe Bonds.
- Press release article from: Business Wire April 20, 2006 700+ words
...Lyons, chairman of Capital Markets and Financing at...Benfield to offer catastrophe bonds is a natural outgrowth...of Insurance Debt Capital Markets at Merrill Lynch...wealth management, capital markets and advisory companies...
