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Latest Publications
2014-04-09

Straw Hats in Winter – Annual Review for the Four Quarters, Q2 2013 to Q1 2014
March 31, 2014

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Estimating Prospective ILS Market Returns – complex vs. simple measures
March 31, 2014

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Quarterly market Performance Report – Q4 2013
December 31, 2013

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Plus ça change,…Live Cats and the Titanic

Plus ça change,…Live Cats and the Titanic

April 15 2012

By: Morton N. Lane, President

“Iceberg, dead ahead” was the call at 10:25 pm, April 14, 1912. It was an immediate reality. A few hours later, at 2:20 on the morning of April 15, the Titanic sunk. Shortly after the collision, the Titanic wireless operator got off a radio telegraph SOS (one of the earliest uses of the SOS code) to the RMS Carpathia who retransmitted directly. The news of the iceberg collision was received in New York at 1:00 am. The message was met with incredulity and disbelief. Only one newspaper, the New York Times, published it as real and suffered the indignity of doubt until many hours later when other cables confirmed both the collision and the sinking.

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