Fermat Capital in the News

"In Nature's Casino"

26Aug07 New York Times Magazine by Michael Lewis
The quota-share reinsurer pays an amount called the "ceding commission" to compensate the ceding company for its expenses. The ceding commission typically also includes a profit allowance, which increases in proportion to the expected profitability of the business.
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"Catastrophe Bonds Are a Savvy Hedge against Disaster"

20Jun08 Barrons Online
Despite the inherent risks, buyers also have embraced cat bonds as a tool of portfolio diversification.
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"Seo Says Catastrophe Bond Market Tripled After Katrina: Video"

3Jun10 Bloomberg
John Seo, managing principal at Fermat Capital Management LLC, talks with Bloomberg's Erik Schatzker about the growth of the catastrophe bond market.
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Industry News

"Funds drawn to risky catastrophe bonds"

27Jul11 Financial Times
When hurricane activity begins to build off the US coast over the next few months, two men in the heart of the City of London will be spending much more time updating European pension fund managers on the storms’ progress.
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"A.M. Best Analyst: New RMS Hurricane Model Is Impacting Cat Bond Market"

25Jul11 Insurance News
Risk Management Solutions Inc.'s updated U.S. hurricane model has already had an impact on both existing and new catastrophe bonds, said an A.M. Best Co. analyst.
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"S&P rates two catastrophe bonds as issuance picks up pace"

15Jul11 Reuters
The world's top two reinsurers have each launched a catastrophe bond after a slowdown in issuance following changes that risk modelling company RMS made to its U.S. hurricane models earlier this year.
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"Willis ILS Report: Investors Eager for Cat Bonds Following Light Second Quarter Issuance"

13Jul11 Willis Re
Unprecedented natural catastrophe losses in the first quarter of 2011 coupled with changes to U.S. hurricane models contributed to only four new catastrophe (cat) bond issues, totalling $592 million, in the second quarter of 2011.
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