Study Group: Reinsurance Consultants

GLG News^SM Analyses by this Study Group's Leading Experts(?)

AAA Subprime 80 cents on the dollar – a good estimate not wild speculation

November 7, 2007

Analysis by:Amanda Atkins, Chief Executive Officer,

Analysis of:AAA Sub-Prime Valuation Issues | ftalphaville.ft.com

Recent suggestions that the ABX index is a poor proxy for AAA subprime RMBS fail to recognise its value.

The Florida Legislation will exacerbate pricing pressures in the reinsurance industry.

January 31, 2007

Analysis by:Amanda Atkins, Chief Executive Officer,

Analysis of:Reinsurers Bigger Losers From Florida Legislation Than Primary Insurers | biz.yahoo.com

Managing expectations of shareholders, managers or finance directors is not easy, especially when a third party removes a significant part of your premium base at a stroke.  

Plus Ça Change – Reinsurance renewals 2007 or was that 1987?

January 31, 2007

Analysis by:Amanda Atkins, Chief Executive Officer,

Analysis of:Willis Re 1st View: The Tipping Point? | biz.yahoo.com

After twenty years in the industry, the industry cycle looks to me just like it looked last time and the time before. Despite apparent changes to expertise, capital providers and products; in 2007 the reinsurance industry appears to be heading in pretty much the same direction as in previous cycles – down.

Underestimating Life Expectancy could hamper growth of a profitable LS Exchange.

July 12, 2006

Analysis by:Amanda Atkins, Chief Executive Officer,

Analysis of:Cantor Eyes Life Settlement Exchange | www.iddmagazine.com

In my view future prospects for a Life Settlements exchange will be significantly hampered by life expectancy uncertainty.

Trading debt is not the same as trading lives, Industry players are reliant upon industry models which have continuously underestimated life expectancy and medical examiners who have consistently assumed individuals will die relatively quickly from whatever ails them.

Regulatory scrutiny of a transaction whereby a third party makes a return based on someone else’s life span will also hamper the growth of a simple exchange mechanism, especially as generally the longer the individual lives the less profitable the policy for the third party.

So who's vulnerable ? and will 2006 be the year?

June 7, 2006

Analysis by:Amanda Atkins, Chief Executive Officer,

Analysis of:$100bn+ hurricane loss "not far down the road" | www.theinsider.co.uk

AM Best announced today that a $100 bn + hurricane loss 
could send as many as 50 insurers to the wall.

A- rated companies are particularly vulnerable especially 
the monoline cat players including the new Class of 2005 
generally rated A-. 

Indications are that 2006 could well be a high activity 
catastrophe year. 

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