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Insurance-Linked Securities (ILS)
Insurance-linked securities (ILS) are broadly defined as financial instruments whose values are driven by insurance loss events. Those such instruments that are linked to property losses due to natural catastrophes represent a unique asset class, the return from which is uncorrelated with that of the general financial market. Overview Insurance companies are in the business of assuming risk for individuals and institutions. They manage those risks by diversifying over a large number of policies, perils and geographic regions. There are two important ways insurers profit in this business. One is by selling portfolios of insurance policies grouped into packages, to interested investors. The risk from low severity, high probability events can be diversified by writing a large number of similar policies. This reduces an insurer’s risk because should a policy default, then the loss is shared between a large number of investors. The second way insurers profit on policies is by re-in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Instrument
Financial instruments are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an ownership interest in an entity or a contractual right to receive or deliver in the form of currency (forex); debt ( bonds, loans); equity ( shares); or derivatives ( options, futures, forwards). International Accounting Standards IAS 32 and 39 define a financial instrument as "any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity". Financial instruments may be categorized by "asset class" depending on whether they are equity-based (reflecting ownership of the issuing entity) or debt-based (reflecting a loan the investor has made to the issuing entity). If the instrument is debt it can be further categorized into short-term (less than one year) or long-term. Foreign exchange instruments and transactions are neither debt- nor equity-based and bel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities Market
Security market is a component of the wider financial market where securities can be bought and sold between subjects of the economy, on the basis of demand and supply. Security markets encompasses stock markets, bond markets and derivatives markets where prices can be determined and participants both professional and non professional can meet. Securities markets can be split into two levels: primary markets, where new securities are issued, and secondary markets where existing securities can be bought and sold. Secondary markets can further be split into organised exchanges, such as stock exchanges and over-the-counter, where individual parties come together and buy or sell securities directly. For securities holders knowing that a secondary market exists in which their securities may be sold and converted into cash increases the willingness of people to hold stocks and bonds and thus increases the ability of firms to issue securities. There are a number of professional pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Lombard Odier & Co Ltd
The Lombard Odier Group is an independent Swiss banking group based in Geneva. Its operations are organised into three divisions: private banking (wealth management), asset management, and IT and back and middle office services for other financial institutions. As of mid-2022, the bank had total client assets of CHF 310 billion, which makes it one of the biggest players in the Swiss private banking sector. The group was formed in the summer of 2002, as ''Lombard, Odier, Darier, Hentsch & Cie'', by the merger of ''Lombard, Odier & Cie'' and ''Darier, Hentsch & Cie''. As the latter was originally founded in 1796, the group has a claim to being the oldest private bank in Geneva. The company name was simplified to Lombard Odier Group in 2010, although the firm continues to include on its official logo the names of the four founding partners. Since 2014, the bank has held the status of Limited Liability Company (LLC). The Lombard Odier Group is a legal holding company under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axa Investment Managers
Axa Investment Managers (Axa IM) is a global investment management firm with offices in over 22 locations worldwide. As of 31 December 2021, it manages over €887 billion in assets on behalf of institutional and retail clients. It operates as the investment arm for Axa, a global insurance and reinsurance company. History In 1994, Axa created an investment management subsidiary under the name, Axa Asset Management. It operated separately from the insurance business lines and was headed by Jean-Pierre Hellebuyck. In 1997, Henri de Castries launched AXA Investment Managers (Axa IM) which Axa Asset Management became a part of. Donald Brydon was selected to be its chief executive officer. In 1996, Dominique Senequier joined Axa and founded the Axa Private Equity platform. It operated under Axa IM until 2013 where it was spun off as a separate firm and renamed Ardian. During 1999, Axa IM paid US$125 million for a controlling stake in the Rosenberg Group, an active quantitativ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Business Times
The ''International Business Times'' is an American online news publication that publishes five national editions in four languages. The publication, sometimes called ''IBTimes'' or ''IBT'', offers news, opinion and editorial commentary on business and commerce. IBT is one of the world's largest online news sources, receiving forty million unique visitors each month. Its 2013 revenues were around $21 million. As of January 2022, IBTimes editions include Australia, India, International, Singapore, U.K. and U.S. ''IBTimes'' was launched in 2005; it is owned by IBT Media, and was founded by Etienne Uzac and Johnathan Davis. Its headquarters are in the Financial District of Lower Manhattan, New York City. History Founder Etienne Uzac, a native of France, came up with the idea for the global business news site while a student at the London School of Economics. He found that the strongest business newspapers had a focus on the United States and Europe and planned to provide broad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Suisse
Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also primary dealer and Forex counterparty of the Fed. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LGT Capital Management
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LGT may refer to: * LGT Group, private banking and asset management company * Locomotiv GT, a Hungarian rock band * Lateral gene transfer * Last Generation Theology * ICAO airline code of Longtail Aviation Longtail Aviation is a charter airline based in St. George's, Bermuda and was formed in August 1999. Fleet The fleet consisted of the following aircraft (as of 22 April 2011): * 2 Dassault Falcon 900B * 1 Cessna Citation S/II * 1 Beech K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leadenhall Capital Partners LLP
Leadenhall Market is a covered market in London, located on Gracechurch Street but with vehicular access also available via Whittington Avenue to the north and Lime Street to the south and east, and additional pedestrian access via a number of narrow passageways. It is one of the oldest markets in London, dating from the 14th century, and is located in the historic centre of the City of London financial district. History The market dates from the 14th century and is said to derive its name from ''Leather-hall'', though it is disputable. The early history of Leaden Hall involves the Mayor (1446), Simon Eyre. According to John Stow, "Eyre, a draper built Leaden Hall for a common garner of corn for the use of this city". The Market is typically open weekdays from 10 am until 6 pm, and primarily sells fresh food; among the vendors there are cheesemongers, butchers and florists. Originally a meat, game and poultry market, it stands on what was the centre of Roman London. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parametric Insurance
Parametric insurance (also called index-based insurance) is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event. Trigger events depend on the nature of the parametric policy and can include environmental triggers such as wind speed and rainfall measurements, business-related triggers such as foot traffic, and more. Examples of current parametric products include the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the African Risk Capacity (ARC), and the protection of coral reefs in the state of Quintana Roo in Mexico. Parametric insurance policies have most frequently been implemented in developing economies, oftentimes for agriculture insurance. In the US, there are proposals to implement parametric policies more often, specifically in the case of flood insurance through the National Flood Insurance Program. Comparison to traditional indemnity insurance Traditional indemnity In contract law, an indemnity is a contractual o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts Business Trust
A Massachusetts Business Trust (MBT) is a legal trust set up for the purposes of business, but not necessarily one that is operated in the Commonwealth of Massachusetts. They may also be referred to as an unincorporated business organization or UBO. Business trusts may be established under the laws of other U.S. states. Many businesses are formed as MBTs to mitigate taxation; mutual funds in the U.S. are often structured as MBTs, though sometimes they are organized as Maryland corporations (or other states such as Minnesota). More recently, a Delaware statutory trust or DST has become a popular form of organization, and many new funds have been organizing as DSTs and existing funds converting to DSTs. Since mutual funds are investment companies and not operating companies, many traditional corporation rules and requirements do not fit them well. During much of the 20th century the tax laws and state regulations strongly favored corporate structures. Tightening laws near the en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Purpose Vehicle
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk. SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district. Round-tripping is one such strategy. In addition, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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