Capital Markets Services


Overview Models Software E-Solutions Consulting Cat Updates

	Capital Markets
	Insurance/ Reinsurance
	Lending

As market interest and activity in natural hazard risk securitization has grown, RMS has emerged as a leader in providing analytical support to insurers, reinsurers, and corporations wishing to transfer risk via the capital markets. RMS has been involved in over 30 capital markets initiatives, more than any other service provider, and has assembled a uniquely qualified multi-disciplinary team respected by investment banks, rating agencies, and investors alike.

RMS serves as an independent, third party expert in securitization transactions, providing a detailed and objective risk assessment and assisting in communicating the results to rating agencies and potential investors. We also work closely with clients to evaluate the cost-effectiveness of securitization and define a course of action that leads to a successful implementation.

Some recent transactions supported by RMS include:


FIFA Cancellation Bond	$260M	September 2003
TREIP Securitization	$100M	August 2003
Fujiyama Re	$70M	July 2002
St Agatha Re	$33M	April 2002
Atlas Re II *	$150M	January 2002
Gold Eagle 2001	$120M	March 2001
Munich Re	$300M	January 2001

RMS’ work in this area includes a major market innovation in support of PRIME Capital Hurricane Ltd. and PRIME Capital CalQuake & EuroWind Ltd., Munich Re’s $300 million securitization of catastrophe risk in January 2001 (the largest ever by a reinsurer). To support the transaction, RMS modeling experts worked closely with Munich Re’s natural perils research group to devise the structure of five new parametric triggers for low-frequency, high-severity natural perils in the U.S. and Europe. These are the first triggers designed to address risk transfer needs in these geographies, which represent the highest concentrations of insured and reinsured catastrophe risk in the world.

RMS™ CAT Index

The RMS CAT Index is an innovative financial index designed for issuers of and investors in catastrophe risk securities. The CAT Index tracks financial losses due to earthquakes and hurricanes, with a focus on United States insurance industry losses.
	Go to CAT Index

Seismic Ltd.

Lehman Re’s Seismic Ltd. securitization is based on PCS loss estimates for California earthquakes. Investors can view information on qualifying events by entering a valid user name and password.
	Login for Seismic Ltd. Data

Related Information

	Analyzing Insurance-Linked Securities
	Help With PDFs

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