Peak Zone PM reinsurance: Connecting efficient capital directly to pure Peak Zone catastrophe exposures.
- Retention de-risking (balance sheet and earnings protection)
- Transparent and Rapid settlement alternative to index based ILW (no black box)
- Localized Retrocessional or Spike Cover…First dollar coverage for similar pricing to “top layer”
- Arbitrage and growth opportunities
- Rapid post event capital infusion
- Shareholder Equity Protection
Coverage is available on an annual aggregate basis with reinstatements available.
Multi-year cover is also available.
Pure parametric or Indemnity options available.
A.M. Best A+ XV security
Access to New Paradigm’s unique products and tremendous capacity is available through your reinsurance broker.
weatherflow's Hurricane Network
Begun in 2007 in response to emerging needs in the fields of civil engineering, emergency management, hurricane research, and risk mitigation, the WeatherFlow Hurricane Network includes 100 specialized stations, placed near coastal urban concentrations and are specifically designed to withstand the conditions associated with a landfalling hurricane. With instruments designed to survive winds of 140 mph, these stations are fully self sufficient – no external power or communications devices are needed. This system was recognized by Brig. Gen. David L. Johnson, USAF (ret.), then director of NOAA’s National Weather Service: “Our arrangement with WeatherFlow is a great example of the public/private partnership that provides weather services to this country every day. The WeatherFlow Hurricane Mesonet offers the potential to improve data coverage along the U.S. coast with stations designed to survive the extreme conditions that landfalling hurricanes bring, allowing us to provide better services and improve our hurricane warnings. Their willingness to let us use their data directly in our warnings is the kind of corporate good citizenship the weather enterprise is known for.” The
Hurricane Network has proven itself repeatedly, including two significant landfalling storms. The first came in September 2008, when Hurricane Ike made landfall on the Texas coastline with wind gusts over 110 mph. All 7 WeatherFlow Hurricane Network stations in the Houston/Galveston region stayed on line and collected data throughout the storm – a 100% success rate that is a testament to the planning and preparation that went in to these stations.