[January 23, 2015] |
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A.M.BestTV: "Catastrophe Bonds Lite Off" to a Fast Start in 2015
This A.M.BestTV episode examines how a surge in smaller
catastrophe bonds is bringing new capital to insurance coverages
formerly unreached by securitization. In the meantime, issuance of all
catastrophe bonds appears headed for new heights.
2014 was another record year for catastrophe (cat) bonds, as their total
rose to 8.8 billion, up 15% over 2013. Helping to contribute to this
increase was the cat bonds "lite" structure.
Managing Senior Financial Analyst at A.M. Best, Asha Attoh-Okine,
believes cat bonds "lite" are a great investment opportunity for the
smaller insurer. "Cat bonds "lite" are smaller in size in terms of the
dollar amount but very cost effective and the needed documentation is
very streamline," said Attoh-Okine. "So compared to the traditional cat
bonds, where the dollar amount has to be very large, these cat bonds
"lite" provide an avenue for the smaller insurer to take part in the
capital market."
Also appearing in this episode:
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Tom Johansmeyer, assistant vice president, reinsurance services,
ISO/Verisk Insurance Solutions
Click here to view the entire video program: http://www.ambest.com/v.asp?v=catbonds115.
For further information about insurance linked-securities and the
reinsurance market, please visit http://www.ambest.com/reinsurance.
Recent episodes of A.M.BestTV include:
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Executives Hopeful About 015, But Challenges Loom: Industry
leaders at the Property/Casualty Insurance Joint Forum stated
that during 2015 the industry should continue to grow; however, it
could be limited by the general economy: http://www.ambest.com/v.asp?v=pcforum115.
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FM Global Group's New CEO Says Africa is the New Growth Area:
The new Chief Executive Officer at FM Global Group, Thomas
Lawson, believes multinational clients have become more active in
Africa, particularly in the power and mining sectors: http://www.ambest.com/v.asp?v=lawson115.
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The Hartford's New Chief Executive Officer Questions Bifurcated
Regulation: The new Chairman and Chief Executive Officer at The
Hartford Financial Services Inc., Christopher J. Swift (News - Alert), discusses
the regulatory challenges he sees the U.S. insurance industry facing: http://www.ambest.com/v.asp?v=swift115.
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A.M. Best's Matt Mosher: Range of Pressures Shaping
Property/Casualty Industry: Matt Mosher, senior vice
president at A.M. Best, reviews the outlooks for various industry
sectors at the Property/Casualty Insurance Joint Forum and said
heightened pressures from competitors, capital provider and customers
are driving how companies compete and acquire in the current insurance
environment: http://www.ambest.com/v.asp?v=mosher115.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at http://www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
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