"The acquisition doubles the company's premium volume from life reinsurance, which is much less risky than exposure to catastrophe reinsurance, and investors will like that, " said Wiemer.
12.
In July 2006, Appel and David Eklund founded Aeolus Re, a Bermuda-based property catastrophe reinsurance company whose initial investors included Warburg Pincus and Bank of America Merrill Lynch.
13.
"The acquisition doubles the company's premium volume from life reinsurance, which is much less risky than exposure to catastrophe reinsurance, and investors will like that, " he said.
14.
RenaissanceRe, a provider of catastrophe reinsurance, said its money-management and risk-analysis capabilities will help Nobel's business of providing property and casualty insurance for certain industries and for low-cost homes.
15.
Companies that sell catastrophe reinsurance, basically insurance bought by insurers, have sharply increased their rates and rating agencies have pressured home insurers to limit their exposure in coastal regions.
16.
A state catastrophe reinsurance fund established after Andrew reimburses insurers for claims above certain levels; it helped defray another $ 3 billion of the insured loss from this season's hurricanes.
17.
Over the past five years, Morgan Stanley Dean Witter has taken stakes in Amerin Corp ., a residential mortgage insurance company, and CAT Ltd ., a property catastrophe reinsurance company.
18.
Some have profited by setting up their own subsidiaries here; many others have become buyers of catastrophe reinsurance, which at first was available almost nowhere else and now helps them diversify.
19.
For example, an insurance company issues homeowners'policies with limits of up to $ 500, 000 and then buys catastrophe reinsurance of $ 22, 000, 000 in excess of $ 3, 000, 000.
20.
GCR, which provides catastrophe reinsurance through its principal wholly-owned subsidiary, Global Capital Reinsurance Ltd ., was established in 1993, one of a number of Bermuda-based catastrophe reinsurance concerns created in the aftermath of Hurricane Andrew.
