Abstract: Table of contents Introduction Morton Lane Section 1 - Perspectives on the Securitization of (Re)insurance A History of Direct Insurance-Linked Investments Tom Bolt Good Derivatives: Why Securitisation of Insurance Risks Matters Richard Sandor and Sylvie Bouriaux Section 2 - Developments in Insurance-Linked Products Convergence at High Tide: The Catastrophe Finance Market Michael Millette Industry Loss Warranties Erik Manning Sidecars Andre Perez Fronting for Collateralized Reinsurance Capacity Kathleen Faries Section 3 - Issuance: Buying Protection, Raising Capital Risk Transformation through Capital Markets Martin Bisping A Case Study of a Consistent Insurance-Linked Securities Issuer: United Services Automobile Association Morton Lane and Roger Beckwith Section 4 - Agents of Issuance: The Facilitators Issues and Issuance Paul Schultz and Erin Lakshmanan Advances in ILS Portfolio Management Analytics Peter Nakada and Dominic Smith Role of Catastrophe Risk Modelling in Insurance-Linked Securities Brent Poliquin and David Lalonde Section 5 - Investing: Selling Protection, Providing Capital Managing an Insurance-Linked Securities Hedge Fund Frank Majors and Laura Taylor Insurance-Linked Securities Hedge Fund Business Models John Seo Some Reflections on the Insurance-Linked Securities Market from an Institutional Investor Perspective Bernard Van der Stichele Section 6 - Reflections on ILS Structural Issues Learning it the Hard Way: An Analysis of Cat Bond Investing Pitfalls Cedric Edmonds Some Considerations with Collateralised Reinsurance and Side Pockets Luca Albertini Legal and Transaction Structure Developments in Insurance-Linked Securities Michael Pinsel and Bobbi Anderson Solvency II and the Implications for Insurance-Linked Securities and Special Purpose Vehicles Kathryn Morgan Section 7 - Risk Management and Portfolio Considerations The At-Risk Metrics and Measures Christopher Culp Portfolio Optimization with Insurance Linked Asset Classes Adolfo Pena, Chris Parish and Pascal Karsenti Insurance-Linked Securities Market-Derived Metrics: Implications for Risk Adjustment Transforms Morton Lane and Jerome Kreuser Reference Property Claims Services Industry Loss Estimates Gary Kerney The PERILS Index Luzi Hitz and Eduard Held The Basics of Catastrophe Bond Mathematics and Insurance-Linked Securities Pricing Craig Bonder Insurance as a Second Language Andrew Martin Data Appendices Catastrophe-based Insurance-Linked Securities and Selected Issuance Statistics (1998-June 2012) Insurance-Linked Securities Loss Experiences Insurance-Linked Securities Return Experience
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: book
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Cited By Count: 12
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