Catastrophe Insurance Advisory
Innovative strategies from a reliable partner.
Raymond James is a leader and foremost national expert in the government risk management sector. A principled and dependable partner for agencies working to meet the needs of citizens, we’ve secured ground-breaking financing solutions in helping agencies address the implications of potential catastrophes – from hurricanes in Florida to earthquakes in California to storm surge in New York City. Our experience includes transferring approximately $22.3 billion in risk in the traditional reinsurance markets and $3.7 billion in the capital markets. We also have raised approximately $33 billion in capital through municipal bonds and liquidity facilities.
- Financial advisory
- Capital structure advisory
- Pre-event and post-event financings
- Risk transfer advisory (traditional and capital markets)
- Investment consulting
- Rating agency advisory
Experience and Expertise
California Earthquake Authority
Financial advisor on four ground-breaking catastrophe bond financings in 2011, 2012 and 2014 for $1 billion; assisted in approximately $18 billion in traditional reinsurance programs since 2009. Financial advisor on approximately $5.5 billion in fixed income assets.
Citizens Property Insurance Corporation
Financial advisor on eight debt transactions for $13.3 billion; five bank liquidity issues of over $4.4 billion; assisted in $750 million catastrophe bond financing in 2012, the largest transaction ever and the first transaction for Citizens, as well as a record-breaking $1.5 billion catastrophe bond financing in April 2014; participated in $3.9 billion in traditional reinsurance. Financial advisor on approximately $14 billion in assets under management.
Florida Hurricane Catastrophe Fund
Financial advisor on seven debt transactions for $15 billion, including the $2 billion Series 2013A pre-event taxable financing with a seven year final maturity and TIC of 2.61% as well as an innovative post-event financing put option for $4 billion notional amount. Financial advisor on over $13 billion in assets under management.
Florida Insurance Guaranty Association
Financial advisor helped develop legal mechanism, prepare bond documents, and obtain credit ratings for future issuances. Financial advisor on $200 million in assets under management.
Louisiana Citizens Property Insurance Corporation
Senior manager on $300 million tax-exempt bond fixed rate conversion in 2009 and $54 million tax-exempt bond refunding in 2012; led rating agency efforts to a ratings upgrade.
Metropolitan Transportation Authority
Financial advisor on inaugural catastrophe bond issuance in July 2013 to transfer $200 million of storm surge risk, the first catastrophe bond issuance by a governmental entity; advised on $600 million of risk transfer in 2014, including traditional and for the first time, non-traditional reinsurance.
North Carolina Insurance Underwriting Association
Named to co-manager underwriting team in 2010; sought out by new general manager in March 2012 to provide advice on legislative and financing options.
Financial advisor to industry consortium led by Allstate and State Farm trying to enact responsible national catastrophe insurance legislation; led efforts to successfully gain House Financial Services Committee approval in 2010; met with national leaders in the White House (including Treasury Secretary) and Congress (including House Speaker) to advance this initiative.
Texas Windstorm Insurance Association
Named to senior manager underwriting team in 2009; testified at legislative hearings and contributed important concepts and language to revised legislation in 2011; proposed non-traditional risk transfer for 2013 season.