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Updated: June 28, 2025
An additional twist comes in the form of Catastrophe Equity Put Options which oblige their holder to purchase the equity of the insured at a pre-determined price. Other derivatives offer exposure to insurance risks. Options bought by SPV's oblige investors to compensate the issuer an insurance or reinsurance company if damages exceed the strike price.
Wintermuth had, in the mist of years past, discovered on one of his trips abroad a reinsurance company rejoicing in the name of the Karlsruhe Feuer Rückversicherungs Gesellschaft, or more briefly, the Karlsruhe Reinsurance Company.
He starved himself in order to save money to speculate in shipping reinsurance. An uncanny insight had guided him to rush in when shrewdly prudent business men held aloof. He had emphatically "made good." Each fresh success had given him new confidence in himself and his judgment and his powers. He would allow nothing to stand in his path. Scruples were to him the burden of fools.
"There remains, then, to find some company willing to take over your outstanding business. Your present reinsurance reserve is about $1,500,000. Your available assets over capital, including your real estate and everything, will bring approximately $1,800,000. Mr. O'Connor tells me you will pay in Boston about $700,000. This leaves you $1,100,000.
Provision should be made, by Federal reinsurance or otherwise, to foster extension of voluntary health insurance coverage to many more persons, especially older persons and those in rural areas. Plans should be evolved to improve protection against the costs of prolonged or severe illness.
Wintermuth's good fortune served him better than when he secured the Guardian's principal reinsurance treaty.
Minute after minute slipped away, while the ladies, with imperfect skill, discussed the subject of reinsurance or praised their anonymous friend. Leonard grew annoyed perhaps rightly. He made vague remarks about not being one of those who minded their affairs being talked over by others, but they did not take the hint. Men might have shown more tact.
I never trust a man to invest in anything for me if I can help it. They usually run to manicure sets in satin-lined cases or cut-glass cologne-bottles. Billy Holmes?... Oh, you know him! He ran the reinsurance desk at the Royal for years. They put him on the road last week. He's some live wire. And what's better, he has no incumbrances.
During General von Caprivi's term of office some measures of importance have to be noted, among them the Quinquennat, which replaced Bismarck's Septennat and fixed the military budget for five years instead of seven; the reduction of the period of conscription for the infantry from three years to two; and the decision not to renew Bismarck's reinsurance treaty with Russia.
And he strode back to his own office and shut the door with a slam that disturbed the serene spectacles of Mr. Otto Bartels, who was sedulously studying a long row of figures on a reinsurance bordereau. Mr. Bartels was Secretary of the Guardian, and his office adjoined that of the Vice-president. Mr.
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