catastrophe reinsurance in a sentence

Examples

1. 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.
2. "This is really not a market for most private investors, " said Greg Hendrick, vice president and underwriter at Mid Ocean Reinsurance Co . in Bermuda, which does about 30 percent of its business in catastrophe reinsurance.
3. Following 1992's Hurricane Andrew, which caused more than $ 16 million in insured property damage, Florida set up the Catastrophe Reinsurance Fund, which currently has about $ 6.5 billion in available funds to " reinsure " insurance claims.
4. 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 homes worth less than $ 100, 000 and concentrated in the catastrophe-prone Southeastern U . S.
5. Following 1992's Hurricane Andrew, which caused more than $ 16 million in insured property damage, Florida set up the Catastrophe Reinsurance Fund, which currently has about $ 6 . 5 billion in available funds to " reinsure " insurance claims.
6. As for its other insurance operations, specifically catastrophe reinsurance, Buffett said that " eventually, a large catastrophe event will occur that will produce a significant loss to the insurance group, although the timing of the loss cannot be predicted ."
7. After the active hurricane seasons on 2004 ( Charlie, Frances Ivan, Jeanne ) and 2005 ( Katrina, Rita, Wilma ) changes in catastrophe modeling firms models together with more stringent rating agency requirements resulted in a large capacity shortage for property catastrophe reinsurance.
8. In a continued consolidation of the catastrophe reinsurance business, Exel Ltd ., a property and casualty insurer based in Bermuda, said it had agreed to buy GCR Holdings Ltd ., which is also based in Bermuda, for $ 637 million, or $ 27 a share.
9. The notion of securitizing catastrophe risks became prominent in the aftermath of Hurricane Andrew, notably in work published by Richard Sandor, Kenneth Froot, and a group of professors at the Wharton School who were seeking vehicles to bring more risk-bearing capacity to the catastrophe reinsurance market.
10. Prior to transforming Aeolus into an asset management company in 2011, Appel served as Chairman and CEO of Aeolus Ltd ., the parent company of Aeolus Re, which became a global leader in providing collateralized property catastrophe reinsurance protection and the largest provider of property catastrophe retrocessional protection in the world.