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 |
Dentro del libro
Resultados 1-5 de 56
Página 15
... result , the bulk of all these transactions today take place off - shore in ju- risdictions with no entity - level tax . To fix this problem , Congress could permit reinsurance SPEs to be treated as flow - through vehicles that would ...
... result , the bulk of all these transactions today take place off - shore in ju- risdictions with no entity - level tax . To fix this problem , Congress could permit reinsurance SPEs to be treated as flow - through vehicles that would ...
Página 16
... result would be severely detrimental to the develop- ment of the RLS marketplace . Thank you for providing the Bond Market Association the opportunity to testify . [ The prepared statement of Christopher M. McGhee can be found on page ...
... result would be severely detrimental to the develop- ment of the RLS marketplace . Thank you for providing the Bond Market Association the opportunity to testify . [ The prepared statement of Christopher M. McGhee can be found on page ...
Página 17
... result , upon the first serious loss , our use of risk - linked securities may be- come a lightning rod for journalists and lawyers who would be quick to second - guess our decision . Question three , should individuals invest in risk ...
... result , upon the first serious loss , our use of risk - linked securities may be- come a lightning rod for journalists and lawyers who would be quick to second - guess our decision . Question three , should individuals invest in risk ...
Página 21
... result inves- tors exit the market . Our sense is that the investor universe in this particular category is extremely well informed . They understand the risks they are running , and we believe that it is unlikely that they would ...
... result inves- tors exit the market . Our sense is that the investor universe in this particular category is extremely well informed . They understand the risks they are running , and we believe that it is unlikely that they would ...
Página 28
... result will be , but certainly because the reinsurance and insur- ance industries , they take the hits when they happen , are con- cerned about this and trying to assess the potential risks associ- ated with global warming . Mr. INSLEE ...
... result will be , but certainly because the reinsurance and insur- ance industries , they take the hits when they happen , are con- cerned about this and trying to assess the potential risks associ- ated with global warming . Mr. INSLEE ...
Otras ediciones - Ver todas
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
Pasajes populares
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.
Página 116 - The taxes imposed by this section shall apply with respect to liquids sold at retail by the United States, or by any agency or instrumentality of the United States, unless sales by such agency or instrumentality are by statute specifically exempted from such taxes, (k) Fuels containing alcohol.— (1) In general.
Página 109 - Act, and the application of such provision to persons or circumstances other than those to which it is held invalid, shall not be affected thereby.
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...
Página 118 - Promissory notes directly secured by a first lien on a single parcel of real estate upon which is located a dwelling or other residential or commercial property...
Página 103 - ... to be its true and lawful attorney, upon whom may be served all lawful process in any action, suit, or proceeding instituted by or on behalf of an insured or beneficiary arising out of any such...
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...
Página 132 - Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce...
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.