RMI 3502 Lecture Notes - Lecture 1: Special Purpose Entity, Basis Risk, North Jersey

• School: Temple University
• Department: Risk Management and Insurance
• Course: RMI 3502
• Professor: Michael Mccloskey

Document Summary

In the first, chambers used his official position to steer insurance business from municipalities and other entities to an insurance agent in exchange for a split of the commissions. In the second scheme, chambers took ,000 in cash bribes to use his official position to fraudulently secure ,000 in private investor funding for a conceptual trash can cleaning product. million due to investor interest, she said: there was strong demand from investors, who were drawn to the transparency, the clean collateral solution, and the pricing range, anger said. A catastrophe bond is a structured debt instrument that transfers risks associated with low-frequency/high-severity events to investors. Insurance companies employing cat bond as alternative to traditional reinsurance and retrocession contracts. Solutions inc. : a list of some of the items reviewed, evaluated or monitored to gauge basis risk of a catastrophe bond is as follows: Independent peril modeler, transaction documents, derivation of index. Share factors, index used, index versus company event losses,