We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Capital Markets Reinsurance, Inc.
- Authors
LANE, MORTON
- Abstract
The article features the company Capital Markets Reinsurance Inc. (CM Re). Considered different from classical reinsurers, the firm offers the direct absorption of reinsurance risk by the capital markets via the issuance of insurance linked securities (ILS) and derivatives. The company started with a United Services Automobile Association (USAA)-sponsored bond called Residential Re. CM Re posted total issuances of around $1 billion annually in its early years. The firm is known for the transparency of its operation, with a Private Placement Memorandum (PPM) accompanying each ILS issue.
- Subjects
CAPITAL Markets Reinsurance Inc.; REINSURANCE; CAPITAL market; INSURANCE stocks; BONDS (Finance); ORGANIZATIONAL transparency
- Publication
Journal of Structured Finance, 2008, Vol 14, Issue 3, p86
- ISSN
1551-9783
- Publication type
Article
- DOI
10.3905/JSF.2008.14.3.086