In 2006, PG Butler conceived and successfully created “Puma”, the reinsurance industry’s first actively managed, multi-peril, multi-territory, multi-year catastrophe investment fund. In that ground-breaking transaction, which required a unique combination of executive and technical abilities, all of the essential underwriting-related, technical and modelling-related work was carried out by PG Butler, who also worked closely with, and coordinated the efforts of, teams from:
- Standards & Poor’s, New York
- Dresdner Kleinwort, London
- Tillinghast, London
- Norton Rose, London
- Eqecat, London
- Fox-Pitt Kelton, New York
- A panel of fifteen institutional investors from the UK, Europe and USA
