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Fronted Reinsurance and Northern Rock – What Do They Have in Common?

by solidum | Sep 4, 2015 | Uncategorized

Northern Rock started of life in the mid-1800s as a UK building society, providing savings and mortgages. As with many building societies in the 1990s it became a bank. It continued to provide mortgages for its customers financing itself in the capital markets. In...

Are ILS investors repeating the mistake of ‘Lehman’?

by solidum | Jul 15, 2015 | Uncategorized

Prior to 2008 the standard Cat Bond collateral structure was using a total return swap (“TRS”) with the structuring investment bank. The investment bank invested the collateral into securities of their choice, subject to certain constraints, and swapped the interest...

Avalon Re Workout

by solidum | Aug 24, 2010 | Uncategorized

The-Avalon-Re-Story.pdf...
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