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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

9 records found.

Title: Navigating the Insurance Reinsurance Linked Securitization Market Charting New Paths and Political Tempests
Authors: Clifford H. Schoenberg, Jeffrey S. Burman
Volume: 15  Number: 2  Issue: Spring 2008  Page: 13
Abstract:  2006 and 2007 were record years for insurance reinsurance linked securitization ILS. With the hard market for US catastrophe cover that followed on the heels of Hurricanes Katrina, Rita and Wilma, a wave of hedge fund and private equity fund capital poured into ILS transactions. According to industry reports, there were approximately 4.7 billion of new catastrophe bond issuances in 2006, surpassing the prior years total by over 2.5 billion, followed by approximately 6 billion in new issuances during 2007. Sidecars have been established as a viable catastrophe risk transfer tool, accounting for approximately 6 billion in total capital for 2006 and 2007 combined. While there is no recognized source to track industry loss warranty ILW transactions, ILWs cover billions in catastrophe exposure and transaction volume is growing. Reflecting broader awareness and confidence in ILS, issuers during the past two years included several first time participants. ILS issuers and investors alike had plenty of reason to celebrate as a result of attractive pricing opportunities and the mild storm seasons in 2006 and 2007, they realized extraordinary profits. We examine below some of the recent advances in the ILS market as well as industry developments we expect to impact the market during this year and beyond.
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Title: NCOIL Adopts Model Law Regulating Credit Default Swaps as Insurance
Authors: Eileen Bannon, Jay B. Martin, Yoo-Kyeong Kwon
Volume: 17  Number: 2  Issue: Spring 2010  Page: 1
Abstract:  Insurance legislators have taken a first step towards state regulation of credit default swaps ("CDSs") as insurance. On November 22, 2009, the National Conference of Insurance Legislators, an organization of state legislators whose main area of public policy concern is insurance legislation and regulation, adopted the Credit Default Insurance Model Legislation (the "Model Law").1 Its adoption is set against the backdrop of various federal proposals to regulate CDSs. Market participants are concerned that state regulation of CDSs would create multiple, inconsistent regimes that would be overly burdensome to comply with, and prefer uniform federal legislation. It is now up to each state to decide whether or not to adopt the Model Law.
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Title: Neutrality Isn't All It's Cracked Up To Be: In Defense of the
Authors: Linda M. Lasley
Volume: 6  Number: 5  Issue: Fall 1999  Page: 31
Abstract:  Responding to the clamor from certain quarters for neutrality among all three members of an arbitration panel; i.e., not just the umpire, Ms. Lasley sets forth the arguments which suggest the merits of retaining the "traditional" approach to the arbitration method of resolving reinsurance disputes.
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Title: No More Mr. Nice Guy
Authors: James Cameron, FCIP, CIM
Volume: 10  Number: 4  Issue: Fall 2003  Page: 13
Abstract:  Reinsurers are more demanding than ever before and if reinsurers want to get paid claims promptly - and be in a better position in the case of arbitration - they need to bullet proof their loss presentations.
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Title: No Problem: Scottish Lion Solvent Scheme Can Now Proceed to Sanction
Authors: Joe Bannister, AlexanderWood
Volume: 17  Number: 2  Issue: Spring 2010  Page: 31
Abstract:  This article considers the opinion handed down by the Scottish Court in September 2009, and the appeal of that opinion in January 2010, concerning a scheme of arrangement proposed by a solvent insurance company to value and cut off its insurance liabilities to policyholders and whether such a scheme can be used in the face of objection from a minority of policyholders, even if the requisite majorities prescribed by statute have approved the scheme.
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Title: North American Free Trade Agreement: Is the Grass Greener On The Other Side of the Border, The
Authors: Michael J. Merlo, Kelly M. Burke
Volume: 1  Number: 3  Issue: Spring 1994  Page: 1
Abstract:  The authors review the recently approved North American Free Trade Agreement and analyze its impact on Canadian and United States insurers and the North American insurance market.
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Title: Nuclear Insurance Where Does it Fit in The Green Generation?
Authors: Richard D. Jones
Volume: 16  Number: 2  Issue: Spring 2009  Page: 71
Abstract:  Nuclear power is an important source of electricity in the United States and around the world. Energy demand and global warming have given this technology a new relevance. American Nuclear Insurers has provided insurance products to this industry for more than 50 years.
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Title: Nuclear Risks in Property Insurance and Limitations of Insurability
Authors: Georges Galey, Sebastiaan Reitsma
Volume: 14  Number: 2  Issue: Spring 2007  Page: 27
Abstract:  The international insurance industry has been screening its existing terms and conditions for potentially ruinous risks and has identified certain weak points. Swiss Re believes that one of the most perilous shortcomings in traditional property insurance and reinsurance concerns inadequate nuclear risk exclusions.
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