Quarterly Market Performance Report - Q1 2008

March 31, 2008 By: Morton N. Lane, President; Roger G. Beckwith, Vice President To read the full version of this article with graphs: Download the PDF Here

 

Quarterly Market Performance Report – Q4 2007

January 15, 2008 By: Morton N. Lane, President; Roger G. Beckwith, Vice President A fourth quarter with few catastrophes and rapidly softening prices has made for excellent mark-to-market total returns of our (All Cat) index of ILS securities (Tables 1 & 2). A fourth quarter total return of 3.08% completes a twelve month compound return of 14.86% for 2007. This is the highest calendar annual return in our six year recorded history. It would also be the highest calendar annual return for those investors confining their attention to all sub-investment grade cat bonds. The sub-investment grade index shows a quarterly total return of 3.46% for a twelve month 2007 compound return of 16.23%. To read the full version of this article with graphs: Download the PDF Here

 

Revealing Reinsurer’s Risk Preferences

June 1, 2007 By: Morton N. Lane, President The objective of this paper1 is to examine the risk preferences of property catastrophe reinsurers. It is an empirical exercise and is focused on catastrophe reinsurance, particularly of the Bermuda companies. It is also a speculative paper. It is not clear whether trying to infer risk preferences from operating results is even possible, especially when such results have very short histories, in most cases of less than ten years2. To read the full version of this article with graphs: Download the PDF Here