AIR Worldwide Corporation announced that Secquaero Advisors Ltd., an investment specialist with a focus on insurance risk management and intermediation, has licensed CATRADER®, its software for analyzing catastrophe reinsurance and insurance-linked securities.
“Secquaero will use CATRADER to better assess and manage the risks associated with a portfolio of catastrophe bond investments held by the Secquaero ILS Fund Ltd.,” said AIR
Dirk Lohmann, Managing Partner at Secquaero noted that they system “supports a wide range of scientifically-based models,” and that it would be “incorporated into our overall risk management framework and help us in assessing the impact of individual catastrophe-related financial investments, as well as optimize the risk/return profile of the managed portfolio.”
AIR noted that the growth in the catastrophe bond industry has generated more of a need for “sophisticated analysis tools.” Its CATRADER system is designed to assist investors to manage their cat bond portfolios. As well as “Industry Loss Warranties (ILWs) and reinsurance contracts” through the use of a “single analysis tool. CATRADER can be used to evaluate catastrophe bonds and other catastrophe-related instruments with a range of trigger types, including indemnity, index and notional portfolio-based triggers.”
“Secquaero’s management has a track record of innovation in the field of securitizing insurance risk,” explained Yörn Tatge, Managing Director of AIR Worldwide GmbH in Munich, Germany. “As the solution of choice for hedge funds and other financial institutions seeking exposure to insurance-linked-risk assets within their portfolio, CATRADER will help Secquaero to make better informed investment decisions on behalf of their clients.”
Source: AIR Worldwide Corporation – www.air-worldwide.com
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