Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2013

RMS resets to long-term base case for hurricane bonds

26 July 2012

RMS will now use long-term rates of hurricane activity as its base case for modelling hurricane cat bonds rather than higher-risk medium-term assumptions, the modelling agency announced today (26 July).

It said the change was a response to "clear signals" from the ILS market that the long-term rates were more useful in understanding transactions than the medium-term model.

RMS will now use the medium-term rates to provide "sensitivity test" data in cat bond offering circular information, while the long-term rate...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2013. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π