Catastrophe Bonds, Spreading Risk: Hearing Before the Subcommittee on Oversight and Investigations of the Committee on Financial Services, U.S. House of Representatives, One Hundred Seventh Congress, Second Session, October 8, 2002U.S. Government Printing Office, 2002 - 282 páginas |
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Página 5
... issued catastrophe bonds are non - indemnity based . This means that they are structured to make payments to the ... issuance of catastrophe bonds by eliminating U.S. taxation of the SPRV . 5.
... issued catastrophe bonds are non - indemnity based . This means that they are structured to make payments to the ... issuance of catastrophe bonds by eliminating U.S. taxation of the SPRV . 5.
Página 9
... issued , there is limited liquidity in them , and it is very difficult for people to evaluate the risk or get a comfort level with the risks in the catastrophe bonds . Fur- ther , some people who have not bought these because we did try ...
... issued , there is limited liquidity in them , and it is very difficult for people to evaluate the risk or get a comfort level with the risks in the catastrophe bonds . Fur- ther , some people who have not bought these because we did try ...
Página 12
... issued under a specific type of rule , 144b , that the SEC is in charge of . If you are talking about from the issuance side , mostly insurance companies and reinsurance companies issue them . The other inter- esting fact is that ...
... issued under a specific type of rule , 144b , that the SEC is in charge of . If you are talking about from the issuance side , mostly insurance companies and reinsurance companies issue them . The other inter- esting fact is that ...
Página 17
... issued in the U.S. have been issued under the framework of regulation 144 ( a ) that limits participation to qualified professional asset managers . Individuals can and do , however , ap- propriately access the risk - linked securities ...
... issued in the U.S. have been issued under the framework of regulation 144 ( a ) that limits participation to qualified professional asset managers . Individuals can and do , however , ap- propriately access the risk - linked securities ...
Página 22
... issuance of catastrophe bonds has decreased or flattened is that true ? Do you feel that it is a tax issue that is causing it to happen ? Why do you think it is flattening out ? Mr. MCGHEE . It is hard to speculate , because I think ...
... issuance of catastrophe bonds has decreased or flattened is that true ? Do you feel that it is a tax issue that is causing it to happen ? Why do you think it is flattening out ? Mr. MCGHEE . It is hard to speculate , because I think ...
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Términos y frases comunes
amount assuming insurer basis risk beneficiary billion Bond Market Association Brynjolfsson capacity capital markets CAT bonds catastrophe bonds catastrophe options catastrophe risk catastrophic events ceding insurer Chairwoman KELLY claims collateral coverage credit for reinsurance D'Agostino domiciled Drafting Note entities equity Event-linked bonds exposure Florida GAAP Hurricane Andrew insurance company insurance industry insurance or reinsurance insurance risk insurance securitization insurers and reinsurers interest investment issuance issued letter of credit liabilities limited liquidation Model Act NAIC natural catastrophes Northridge earthquake obligations offshore payments percent PIMCO policies policyholders portfolio premiums principal protected cell assets protected cell company Purpose Reinsurance Vehicle pursuant rating agencies regulatory reinsurance agreement reinsurance ceded reinsurance contract reinsurance market reinsurance prices requirements risk-linked securities market Section special purpose entities Special Purpose Reinsurance specific sponsor SPRV contract statutory accounting Statutory Accounting Principles subsection swap traditional reinsurance trust account trust agreement underwriting USAA WELDON
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Página 139 - control" (including the terms "controlling", "controlled by" and "under common control with") means the possession, direct or Indirect, of the power to direct or cause the direction of the management and policies of a person, whether through the ownership of voting securities, by contract, or otherwise.
Página 90 - The fair value of an asset (or liability) is the amount at which that asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale.
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Página 155 - The domiciliary receiver for the purpose of liquidating an insurer domiciled in a reciprocal state shall be vested by operation of law with the title to all of the property, contracts and rights of action, and all of the books and records of the insurer located in this state...
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Página 90 - Estimates of expected future cash flows, if used to estimate fair value, shall be the best estimate based on reasonable and supportable assumptions and projections. All available evidence shall be considered in developing estimates of expected future cash flows. The weight given to the evidence shall be commensurate with the extent to which the evidence can be verified objectively. If a range is estimated for either the amount or timing of possible cash flows, the likelihood of possible outcomes...
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Página 266 - Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and four US territories.