Features
The Captives Migration
RM explores the movement toward captive formation in the current hard market with conversations from risk managers who started captives, a look at what companies are financing in captives and responses to the most frequently asked captive questions.
Calculating the Value of Insurance
by Mark D. Ames and Alan M. Crowe
When the cost of insurance goes up, justifying the expense becomes paramount. By using economic capital to estimate its value, risk managers can identify the opportunities where insurance still pays.
Alternative Risk Transfer Roundtable
Risk managers and ART experts discuss how the alternative risk transfer market has changed, how it is being used today and how they are overcoming its inherent hurdles.
IAS 39: Making Securitization Transparent
by Sean Togher
While much that is written on the International Accounting Standards Board’s IAS 39 focuses on derivatives accounting, risk managers involved in securitization need to fully understand and apply the regulations for measurement and derecognition of financial assets.
Financing the New Utility Risks
by Robert J. Blackburn
The combination of deregulation and heightened security risks has forced the utility industry to retool its risk financing ways. In addition to using hedging programs like swaps, collars, puts, calls and double trigger insurance, utilities are also looking at advances in modeling systems and ways in which they can spread their increased costs of risk to customers.
Departments
Notes
The U.K. report.
Risk Reporter
Laura Sullivan covers an under-the-headlines look at corporate governance; Bill Coffin details the changes in Montana’s captive laws; and Morgan O’Rourke reports on the continued upswing in directors’ and officers’ liability rates.
Rules and Regulations
Congressman Mark Kirk spoke at RIMS on the Hill about the state of the asbestos legislation he sponsored.
End Analysis
Russ Ray presents an annual weather derivatives report.
