Securitized Insurance Risk: Strategic Opportunities for Insurers and Investors

SECURITIZED INSURANCE RISK Securitized Insurance Risk focuses exclusively and in depth on the convergence of the insurance and financial markets in risk management and the emergence of insurance risk as a non-correlated asset class. Written for insurers and investors alike, this book explores the opportunities available to forward-looking risk and investment managers. Chapters by prominent experts specifically address:

** the win-win principle behind securitizing insurance risk

** current structures, including catastrophe bonds, structured notes, catastrophe options, and swaps

** combining financial market tools with traditional reinsurance programs

** holding insurance risk, uncorrelated with stocks and bonds

** pricing insurance risk instruments and evaluation basis risk

** regulatory and accounting concerns

Michael Himick worked for the Chicago Board of Trade and currently runs KnowledgeNews, which he founded.