id	sid	tid	token	lemma	pos
fsr-3281	1	1	catastrophe	catastrophe	NOUN
fsr-3281	1	2	(	(	PUNCT
fsr-3281	1	3	cat	cat	NOUN
fsr-3281	1	4	)	)	PUNCT
fsr-3281	1	5	bonds	bond	NOUN
fsr-3281	1	6	:	:	PUNCT
fsr-3281	1	7	risk	risk	NOUN
fsr-3281	1	8	offsets	offset	VERB
fsr-3281	1	9	with	with	ADP
fsr-3281	1	10	diversification	diversification	NOUN
fsr-3281	1	11	and	and	CCONJ
fsr-3281	1	12	high	high	ADJ
fsr-3281	1	13	returns	return	NOUN
fsr-3281	1	14	richard	richard	PROPN
fsr-3281	1	15	j.	j.	PROPN
fsr-3281	1	16	kisha	kisha	PROPN
fsr-3281	1	17	,	,	PUNCT
fsr-3281	1	18	*	*	PROPN
fsr-3281	1	19	aperella	aperella	PROPN
fsr-3281	1	20	department	department	PROPN
fsr-3281	1	21	of	of	ADP
fsr-3281	1	22	finance	finance	PROPN
fsr-3281	1	23	,	,	PUNCT
fsr-3281	1	24	lehigh	lehigh	PROPN
fsr-3281	1	25	university	university	PROPN
fsr-3281	1	26	,	,	PUNCT
fsr-3281	1	27	621	621	NUM
fsr-3281	1	28	taylor	taylor	PROPN
fsr-3281	1	29	street	street	PROPN
fsr-3281	1	30	,	,	PUNCT
fsr-3281	1	31	bethlehem	bethlehem	PROPN
fsr-3281	1	32	,	,	PUNCT
fsr-3281	1	33	pa	pa	PROPN
fsr-3281	1	34	18015	18015	NUM
fsr-3281	1	35	,	,	PUNCT
fsr-3281	1	36	usa	usa	PROPN
fsr-3281	1	37	abstract	abstract	ADJ
fsr-3281	1	38	catastrophe	catastrophe	NOUN
fsr-3281	1	39	bonds	bond	NOUN
fsr-3281	1	40	,	,	PUNCT
fsr-3281	1	41	a	a	DET
fsr-3281	1	42	relatively	relatively	ADV
fsr-3281	1	43	new	new	ADJ
fsr-3281	1	44	entry	entry	NOUN
fsr-3281	1	45	into	into	ADP
fsr-3281	1	46	the	the	DET
fsr-3281	1	47	bond	bond	NOUN
fsr-3281	1	48	market	market	NOUN
fsr-3281	1	49	,	,	PUNCT
fsr-3281	1	50	are	be	AUX
fsr-3281	1	51	a	a	DET
fsr-3281	1	52	form	form	NOUN
fsr-3281	1	53	of	of	ADP
fsr-3281	1	54	reinsurance	reinsurance	NOUN
fsr-3281	1	55	in	in	ADP
fsr-3281	1	56	which	which	PRON
fsr-3281	1	57	insurance	insurance	NOUN
fsr-3281	1	58	firms	firm	NOUN
fsr-3281	1	59	are	be	AUX
fsr-3281	1	60	able	able	ADJ
fsr-3281	1	61	to	to	PART
fsr-3281	1	62	offset	offset	VERB
fsr-3281	1	63	the	the	DET
fsr-3281	1	64	financial	financial	ADJ
fsr-3281	1	65	risks	risk	NOUN
fsr-3281	1	66	from	from	ADP
fsr-3281	1	67	both	both	CCONJ
fsr-3281	1	68	natural	natural	ADJ
fsr-3281	1	69	and	and	CCONJ
fsr-3281	1	70	man	man	NOUN
fsr-3281	1	71	-	-	PUNCT
fsr-3281	1	72	made	make	VERB
fsr-3281	1	73	catastrophes	catastrophe	NOUN
fsr-3281	1	74	.	.	PUNCT
fsr-3281	2	1	although	although	SCONJ
fsr-3281	2	2	the	the	DET
fsr-3281	2	3	primary	primary	ADJ
fsr-3281	2	4	offset	offset	NOUN
fsr-3281	2	5	is	be	AUX
fsr-3281	2	6	within	within	ADP
fsr-3281	2	7	the	the	DET
fsr-3281	2	8	reinsurance	reinsurance	NOUN
fsr-3281	2	9	market	market	NOUN
fsr-3281	2	10	,	,	PUNCT
fsr-3281	2	11	starting	start	VERB
fsr-3281	2	12	in	in	ADP
fsr-3281	2	13	the	the	DET
fsr-3281	2	14	1990s	1990	NOUN
fsr-3281	2	15	insurance	insurance	NOUN
fsr-3281	2	16	firms	firm	NOUN
fsr-3281	2	17	started	start	VERB
fsr-3281	2	18	using	use	VERB
fsr-3281	2	19	the	the	DET
fsr-3281	2	20	financial	financial	ADJ
fsr-3281	2	21	markets	market	NOUN
fsr-3281	2	22	to	to	PART
fsr-3281	2	23	offset	offset	VERB
fsr-3281	2	24	catastrophe	catastrophe	NOUN
fsr-3281	2	25	risks	risk	NOUN
fsr-3281	2	26	.	.	PUNCT
fsr-3281	3	1	anecdotal	anecdotal	ADJ
fsr-3281	3	2	evidence	evidence	NOUN
fsr-3281	3	3	shows	show	VERB
fsr-3281	3	4	that	that	SCONJ
fsr-3281	3	5	the	the	DET
fsr-3281	3	6	entry	entry	NOUN
fsr-3281	3	7	of	of	ADP
fsr-3281	3	8	cat	cat	NOUN
fsr-3281	3	9	bonds	bond	NOUN
fsr-3281	3	10	made	make	VERB
fsr-3281	3	11	the	the	DET
fsr-3281	3	12	reinsurance	reinsurance	NOUN
fsr-3281	3	13	market	market	NOUN
fsr-3281	3	14	more	more	ADV
fsr-3281	3	15	efficient	efficient	ADJ
fsr-3281	3	16	and	and	CCONJ
fsr-3281	3	17	allowed	allow	VERB
fsr-3281	3	18	investors	investor	NOUN
fsr-3281	3	19	an	an	DET
fsr-3281	3	20	opportunity	opportunity	NOUN
fsr-3281	3	21	to	to	PART
fsr-3281	3	22	participate	participate	VERB
fsr-3281	3	23	in	in	ADP
fsr-3281	3	24	what	what	PRON
fsr-3281	3	25	has	have	AUX
fsr-3281	3	26	been	be	AUX
fsr-3281	3	27	a	a	DET
fsr-3281	3	28	very	very	ADV
fsr-3281	3	29	profitable	profitable	ADJ
fsr-3281	3	30	investment	investment	NOUN
fsr-3281	3	31	opportunity	opportunity	NOUN
fsr-3281	3	32	.	.	PUNCT
fsr-3281	4	1	our	our	PRON
fsr-3281	4	2	analysis	analysis	NOUN
fsr-3281	4	3	shows	show	VERB
fsr-3281	4	4	that	that	SCONJ
fsr-3281	4	5	on	on	ADP
fsr-3281	4	6	average	average	ADJ
fsr-3281	4	7	,	,	PUNCT
fsr-3281	4	8	cat	cat	NOUN
fsr-3281	4	9	bonds	bond	NOUN
fsr-3281	4	10	have	have	AUX
fsr-3281	4	11	generated	generate	VERB
fsr-3281	4	12	high	high	ADJ
fsr-3281	4	13	returns	return	NOUN
fsr-3281	4	14	but	but	CCONJ
fsr-3281	4	15	with	with	ADP
fsr-3281	4	16	the	the	DET
fsr-3281	4	17	advantage	advantage	NOUN
fsr-3281	4	18	of	of	ADP
fsr-3281	4	19	diversification	diversification	NOUN
fsr-3281	4	20	when	when	SCONJ
fsr-3281	4	21	compared	compare	VERB
fsr-3281	4	22	with	with	ADP
fsr-3281	4	23	similarly	similarly	ADV
fsr-3281	4	24	rated	rate	VERB
fsr-3281	4	25	corporate	corporate	ADJ
fsr-3281	4	26	debt	debt	NOUN
fsr-3281	4	27	.	.	PUNCT
fsr-3281	5	1	thus	thus	ADV
fsr-3281	5	2	,	,	PUNCT
fsr-3281	5	3	cat	cat	NOUN
fsr-3281	5	4	bonds	bond	NOUN
fsr-3281	5	5	are	be	AUX
fsr-3281	5	6	a	a	DET
fsr-3281	5	7	viable	viable	ADJ
fsr-3281	5	8	investment	investment	NOUN
fsr-3281	5	9	option	option	NOUN
fsr-3281	5	10	within	within	ADP
fsr-3281	5	11	a	a	DET
fsr-3281	5	12	diversified	diversified	ADJ
fsr-3281	5	13	portfolio	portfolio	NOUN
fsr-3281	5	14	.	.	PUNCT
fsr-3281	6	1	©	©	PROPN
fsr-3281	6	2	2016	2016	NUM
fsr-3281	6	3	academy	academy	NOUN
fsr-3281	6	4	of	of	ADP
fsr-3281	6	5	financial	financial	ADJ
fsr-3281	6	6	services	service	NOUN
fsr-3281	6	7	.	.	PUNCT
fsr-3281	7	1	all	all	DET
fsr-3281	7	2	rights	right	NOUN
fsr-3281	7	3	reserved	reserve	VERB
fsr-3281	7	4	.	.	PUNCT
fsr-3281	8	1	jel	jel	PROPN
fsr-3281	8	2	classification	classification	NOUN
fsr-3281	8	3	:	:	PUNCT
fsr-3281	8	4	g11	g11	PROPN
fsr-3281	8	5	keywords	keyword	NOUN
fsr-3281	8	6	:	:	PUNCT
fsr-3281	8	7	cat	cat	NOUN
fsr-3281	8	8	bonds	bond	NOUN
fsr-3281	8	9	;	;	PUNCT
fsr-3281	8	10	reinsurance	reinsurance	NOUN
fsr-3281	8	11	;	;	PUNCT
fsr-3281	8	12	catastrophe	catastrophe	NOUN
fsr-3281	8	13	1	1	NUM
fsr-3281	8	14	.	.	PUNCT
fsr-3281	8	15	introduction	introduction	NOUN
fsr-3281	8	16	catastrophes	catastrophe	NOUN
fsr-3281	8	17	,	,	PUNCT
fsr-3281	8	18	both	both	CCONJ
fsr-3281	8	19	natural	natural	ADJ
fsr-3281	8	20	(	(	PUNCT
fsr-3281	8	21	hurricanes	hurricane	NOUN
fsr-3281	8	22	,	,	PUNCT
fsr-3281	8	23	earthquakes	earthquake	NOUN
fsr-3281	8	24	,	,	PUNCT
fsr-3281	8	25	floods	flood	NOUN
fsr-3281	8	26	,	,	PUNCT
fsr-3281	8	27	and	and	CCONJ
fsr-3281	8	28	droughts	drought	NOUN
fsr-3281	8	29	)	)	PUNCT
fsr-3281	8	30	and	and	CCONJ
fsr-3281	8	31	man	man	NOUN
fsr-3281	8	32	-	-	PUNCT
fsr-3281	8	33	made	make	VERB
fsr-3281	8	34	(	(	PUNCT
fsr-3281	8	35	terrorist	terrorist	ADJ
fsr-3281	8	36	attacks	attack	NOUN
fsr-3281	8	37	,	,	PUNCT
fsr-3281	8	38	fire	fire	NOUN
fsr-3281	8	39	,	,	PUNCT
fsr-3281	8	40	aviation	aviation	NOUN
fsr-3281	8	41	,	,	PUNCT
fsr-3281	8	42	maritime	maritime	NOUN
fsr-3281	8	43	,	,	PUNCT
fsr-3281	8	44	and	and	CCONJ
fsr-3281	8	45	oil	oil	NOUN
fsr-3281	8	46	disasters	disaster	NOUN
fsr-3281	8	47	)	)	PUNCT
fsr-3281	8	48	,	,	PUNCT
fsr-3281	8	49	abound	abound	VERB
fsr-3281	8	50	worldwide	worldwide	ADV
fsr-3281	8	51	.	.	PUNCT
fsr-3281	9	1	individuals	individual	NOUN
fsr-3281	9	2	,	,	PUNCT
fsr-3281	9	3	firms	firm	NOUN
fsr-3281	9	4	,	,	PUNCT
fsr-3281	9	5	and	and	CCONJ
fsr-3281	9	6	governments	government	NOUN
fsr-3281	9	7	often	often	ADV
fsr-3281	9	8	hedge	hedge	VERB
fsr-3281	9	9	against	against	ADP
fsr-3281	9	10	the	the	DET
fsr-3281	9	11	potential	potential	NOUN
fsr-3281	9	12	of	of	ADP
fsr-3281	9	13	extreme	extreme	ADJ
fsr-3281	9	14	losses	loss	NOUN
fsr-3281	9	15	from	from	ADP
fsr-3281	9	16	these	these	DET
fsr-3281	9	17	types	type	NOUN
fsr-3281	9	18	of	of	ADP
fsr-3281	9	19	catastrophes	catastrophe	NOUN
fsr-3281	9	20	.	.	PUNCT
fsr-3281	10	1	economic	economic	ADJ
fsr-3281	10	2	losses	loss	NOUN
fsr-3281	10	3	from	from	ADP
fsr-3281	10	4	natural	natural	ADJ
fsr-3281	10	5	disasters	disaster	NOUN
fsr-3281	10	6	alone	alone	ADV
fsr-3281	10	7	have	have	AUX
fsr-3281	10	8	averaged	average	VERB
fsr-3281	10	9	$	$	SYM
fsr-3281	10	10	180	180	NUM
fsr-3281	10	11	billion	billion	NUM
fsr-3281	10	12	annually	annually	ADV
fsr-3281	10	13	over	over	ADP
fsr-3281	10	14	the	the	DET
fsr-3281	10	15	last	last	ADJ
fsr-3281	10	16	decade.1	decade.1	VERB
fsr-3281	10	17	however	however	ADV
fsr-3281	10	18	,	,	PUNCT
fsr-3281	10	19	the	the	DET
fsr-3281	10	20	financial	financial	ADJ
fsr-3281	10	21	losses	loss	NOUN
fsr-3281	10	22	fail	fail	VERB
fsr-3281	10	23	to	to	PART
fsr-3281	10	24	encompass	encompass	VERB
fsr-3281	10	25	the	the	DET
fsr-3281	10	26	full	full	ADJ
fsr-3281	10	27	impact	impact	NOUN
fsr-3281	10	28	of	of	ADP
fsr-3281	10	29	these	these	DET
fsr-3281	10	30	disasters	disaster	NOUN
fsr-3281	10	31	.	.	PUNCT
fsr-3281	11	1	for	for	ADP
fsr-3281	11	2	instance	instance	NOUN
fsr-3281	11	3	,	,	PUNCT
fsr-3281	11	4	the	the	DET
fsr-3281	11	5	2015	2015	NUM
fsr-3281	11	6	earthquake	earthquake	NOUN
fsr-3281	11	7	overlapping	overlap	VERB
fsr-3281	11	8	the	the	DET
fsr-3281	11	9	countries	country	NOUN
fsr-3281	11	10	of	of	ADP
fsr-3281	11	11	*	*	PUNCT
fsr-3281	11	12	corresponding	correspond	VERB
fsr-3281	11	13	author	author	NOUN
fsr-3281	11	14	.	.	PUNCT
fsr-3281	12	1	tel	tel	PROPN
fsr-3281	12	2	.	.	PUNCT
fsr-3281	12	3	:	:	PUNCT
fsr-3281	13	1	�	�	PROPN
fsr-3281	13	2	1	1	NUM
fsr-3281	13	3	-	-	SYM
fsr-3281	13	4	610	610	NUM
fsr-3281	13	5	-	-	PUNCT
fsr-3281	13	6	758	758	NUM
fsr-3281	13	7	-	-	SYM
fsr-3281	13	8	4205	4205	NUM
fsr-3281	13	9	;	;	PUNCT
fsr-3281	13	10	fax	fax	NOUN
fsr-3281	13	11	:	:	PUNCT
fsr-3281	13	12	�	�	PROPN
fsr-3281	13	13	1	1	NUM
fsr-3281	13	14	-	-	SYM
fsr-3281	13	15	610	610	NUM
fsr-3281	13	16	-	-	PUNCT
fsr-3281	13	17	758	758	NUM
fsr-3281	13	18	-	-	PUNCT
fsr-3281	13	19	6429	6429	NUM
fsr-3281	13	20	.	.	PUNCT
fsr-3281	14	1	e	e	X
fsr-3281	14	2	-	-	NOUN
fsr-3281	14	3	mail	mail	NOUN
fsr-3281	14	4	address	address	NOUN
fsr-3281	14	5	:	:	PUNCT
fsr-3281	14	6	rjk7@lehigh.edu	rjk7@lehigh.edu	PROPN
fsr-3281	14	7	financial	financial	ADJ
fsr-3281	14	8	services	service	NOUN
fsr-3281	14	9	review	review	VERB
fsr-3281	14	10	25	25	NUM
fsr-3281	14	11	(	(	PUNCT
fsr-3281	14	12	2016	2016	NUM
fsr-3281	14	13	)	)	PUNCT
fsr-3281	14	14	303–329	303–329	NUM
fsr-3281	14	15	1057	1057	NUM
fsr-3281	14	16	-	-	SYM
fsr-3281	14	17	0810/16/$	0810/16/$	ADV
fsr-3281	14	18	–	–	PUNCT
fsr-3281	14	19	see	see	VERB
fsr-3281	14	20	front	front	ADJ
fsr-3281	14	21	matter	matter	NOUN
fsr-3281	14	22	©	©	PROPN
fsr-3281	14	23	2016	2016	NUM
fsr-3281	14	24	academy	academy	NOUN
fsr-3281	14	25	of	of	ADP
fsr-3281	14	26	financial	financial	ADJ
fsr-3281	14	27	services	service	NOUN
fsr-3281	14	28	.	.	PUNCT
fsr-3281	15	1	all	all	DET
fsr-3281	15	2	rights	right	NOUN
fsr-3281	15	3	reserved	reserve	VERB
fsr-3281	15	4	.	.	PUNCT
fsr-3281	16	1	afghanistan	afghanistan	PROPN
fsr-3281	16	2	and	and	CCONJ
fsr-3281	16	3	pakistan	pakistan	PROPN
fsr-3281	16	4	illustrates	illustrate	VERB
fsr-3281	16	5	the	the	DET
fsr-3281	16	6	magnitude	magnitude	NOUN
fsr-3281	16	7	of	of	ADP
fsr-3281	16	8	nonfinancial	nonfinancial	ADJ
fsr-3281	16	9	losses	loss	NOUN
fsr-3281	16	10	that	that	PRON
fsr-3281	16	11	are	be	AUX
fsr-3281	16	12	regularly	regularly	ADV
fsr-3281	16	13	associated	associate	VERB
fsr-3281	16	14	with	with	ADP
fsr-3281	16	15	these	these	DET
fsr-3281	16	16	disasters	disaster	NOUN
fsr-3281	16	17	with	with	ADP
fsr-3281	16	18	over	over	ADP
fsr-3281	16	19	300	300	NUM
fsr-3281	16	20	deaths	death	NOUN
fsr-3281	16	21	and	and	CCONJ
fsr-3281	16	22	over	over	ADP
fsr-3281	16	23	17,000	17,000	NUM
fsr-3281	16	24	families	family	NOUN
fsr-3281	16	25	displaced	displace	VERB
fsr-3281	16	26	when	when	SCONJ
fsr-3281	16	27	their	their	PRON
fsr-3281	16	28	homes	home	NOUN
fsr-3281	16	29	were	be	AUX
fsr-3281	16	30	destroyed.2	destroyed.2	VERB
fsr-3281	16	31	most	most	ADJ
fsr-3281	16	32	of	of	ADP
fsr-3281	16	33	these	these	DET
fsr-3281	16	34	losses	loss	NOUN
fsr-3281	16	35	(	(	PUNCT
fsr-3281	16	36	both	both	CCONJ
fsr-3281	16	37	financial	financial	ADJ
fsr-3281	16	38	and	and	CCONJ
fsr-3281	16	39	human	human	NOUN
fsr-3281	16	40	)	)	PUNCT
fsr-3281	16	41	are	be	AUX
fsr-3281	16	42	not	not	PART
fsr-3281	16	43	insured	insure	VERB
fsr-3281	16	44	,	,	PUNCT
fsr-3281	16	45	especially	especially	ADV
fsr-3281	16	46	within	within	ADP
fsr-3281	16	47	developing	develop	VERB
fsr-3281	16	48	countries	country	NOUN
fsr-3281	16	49	.	.	PUNCT
fsr-3281	17	1	on	on	ADP
fsr-3281	17	2	average	average	ADJ
fsr-3281	17	3	only	only	ADV
fsr-3281	17	4	30	30	NUM
fsr-3281	17	5	%	%	NOUN
fsr-3281	17	6	of	of	ADP
fsr-3281	17	7	losses	loss	NOUN
fsr-3281	17	8	worldwide	worldwide	ADV
fsr-3281	17	9	are	be	AUX
fsr-3281	17	10	covered	cover	VERB
fsr-3281	17	11	through	through	ADP
fsr-3281	17	12	insurance	insurance	NOUN
fsr-3281	17	13	policies.3	policies.3	NOUN
fsr-3281	17	14	because	because	SCONJ
fsr-3281	17	15	of	of	ADP
fsr-3281	17	16	the	the	DET
fsr-3281	17	17	potential	potential	ADJ
fsr-3281	17	18	magnitude	magnitude	NOUN
fsr-3281	17	19	of	of	ADP
fsr-3281	17	20	these	these	DET
fsr-3281	17	21	losses	loss	NOUN
fsr-3281	17	22	,	,	PUNCT
fsr-3281	17	23	most	most	ADJ
fsr-3281	17	24	insurance	insurance	NOUN
fsr-3281	17	25	companies	company	NOUN
fsr-3281	17	26	as	as	ADV
fsr-3281	17	27	well	well	ADV
fsr-3281	17	28	as	as	ADP
fsr-3281	17	29	several	several	ADJ
fsr-3281	17	30	developing	develop	VERB
fsr-3281	17	31	countries	country	NOUN
fsr-3281	17	32	offset	offset	VERB
fsr-3281	17	33	part	part	NOUN
fsr-3281	17	34	of	of	ADP
fsr-3281	17	35	their	their	PRON
fsr-3281	17	36	risk	risk	NOUN
fsr-3281	17	37	through	through	ADP
fsr-3281	17	38	reinsurance	reinsurance	NOUN
fsr-3281	17	39	and	and	CCONJ
fsr-3281	17	40	other	other	ADJ
fsr-3281	17	41	financial	financial	ADJ
fsr-3281	17	42	instruments	instrument	NOUN
fsr-3281	17	43	such	such	ADJ
fsr-3281	17	44	as	as	ADP
fsr-3281	17	45	bonds	bond	NOUN
fsr-3281	17	46	,	,	PUNCT
fsr-3281	17	47	futures	future	NOUN
fsr-3281	17	48	,	,	PUNCT
fsr-3281	17	49	and	and	CCONJ
fsr-3281	17	50	sidebars	sidebar	NOUN
fsr-3281	17	51	.	.	PUNCT
fsr-3281	18	1	this	this	DET
fsr-3281	18	2	article	article	NOUN
fsr-3281	18	3	focuses	focus	VERB
fsr-3281	18	4	on	on	ADP
fsr-3281	18	5	catastrophe	catastrophe	NOUN
fsr-3281	18	6	(	(	PUNCT
fsr-3281	18	7	cat	cat	NOUN
fsr-3281	18	8	)	)	PUNCT
fsr-3281	18	9	bonds	bond	NOUN
fsr-3281	18	10	,	,	PUNCT
fsr-3281	18	11	their	their	PRON
fsr-3281	18	12	role	role	NOUN
fsr-3281	18	13	as	as	ADP
fsr-3281	18	14	an	an	DET
fsr-3281	18	15	insurance	insurance	NOUN
fsr-3281	18	16	risk	risk	NOUN
fsr-3281	18	17	offset	offset	NOUN
fsr-3281	18	18	,	,	PUNCT
fsr-3281	18	19	and	and	CCONJ
fsr-3281	18	20	as	as	ADP
fsr-3281	18	21	a	a	DET
fsr-3281	18	22	viable	viable	ADJ
fsr-3281	18	23	investment	investment	NOUN
fsr-3281	18	24	option	option	NOUN
fsr-3281	18	25	within	within	ADP
fsr-3281	18	26	a	a	DET
fsr-3281	18	27	diversified	diversified	ADJ
fsr-3281	18	28	portfolio	portfolio	NOUN
fsr-3281	18	29	.	.	PUNCT
fsr-3281	19	1	starting	start	VERB
fsr-3281	19	2	with	with	ADP
fsr-3281	19	3	a	a	DET
fsr-3281	19	4	review	review	NOUN
fsr-3281	19	5	of	of	ADP
fsr-3281	19	6	the	the	DET
fsr-3281	19	7	literature	literature	NOUN
fsr-3281	19	8	,	,	PUNCT
fsr-3281	19	9	we	we	PRON
fsr-3281	19	10	position	position	VERB
fsr-3281	19	11	our	our	PRON
fsr-3281	19	12	article	article	NOUN
fsr-3281	19	13	as	as	ADP
fsr-3281	19	14	a	a	DET
fsr-3281	19	15	key	key	NOUN
fsr-3281	19	16	to	to	ADP
fsr-3281	19	17	understanding	understand	VERB
fsr-3281	19	18	cat	cat	NOUN
fsr-3281	19	19	bonds	bond	NOUN
fsr-3281	19	20	from	from	ADP
fsr-3281	19	21	the	the	DET
fsr-3281	19	22	investor	investor	NOUN
fsr-3281	19	23	’s	’s	PART
fsr-3281	19	24	viewpoint	viewpoint	NOUN
fsr-3281	19	25	.	.	PUNCT
fsr-3281	20	1	background	background	NOUN
fsr-3281	20	2	is	be	AUX
fsr-3281	20	3	a	a	DET
fsr-3281	20	4	major	major	ADJ
fsr-3281	20	5	factor	factor	NOUN
fsr-3281	20	6	in	in	ADP
fsr-3281	20	7	understanding	understand	VERB
fsr-3281	20	8	cat	cat	NOUN
fsr-3281	20	9	bonds	bond	NOUN
fsr-3281	20	10	as	as	ADP
fsr-3281	20	11	an	an	DET
fsr-3281	20	12	investment	investment	NOUN
fsr-3281	20	13	option	option	NOUN
fsr-3281	20	14	,	,	PUNCT
fsr-3281	20	15	so	so	SCONJ
fsr-3281	20	16	we	we	PRON
fsr-3281	20	17	define	define	VERB
fsr-3281	20	18	cat	cat	NOUN
fsr-3281	20	19	bonds	bond	NOUN
fsr-3281	20	20	,	,	PUNCT
fsr-3281	20	21	outline	outline	VERB
fsr-3281	20	22	their	their	PRON
fsr-3281	20	23	structure	structure	NOUN
fsr-3281	20	24	,	,	PUNCT
fsr-3281	20	25	and	and	CCONJ
fsr-3281	20	26	sketch	sketch	VERB
fsr-3281	20	27	how	how	SCONJ
fsr-3281	20	28	various	various	ADJ
fsr-3281	20	29	triggers	trigger	NOUN
fsr-3281	20	30	impact	impact	VERB
fsr-3281	20	31	their	their	PRON
fsr-3281	20	32	returns	return	NOUN
fsr-3281	20	33	.	.	PUNCT
fsr-3281	21	1	documenting	document	VERB
fsr-3281	21	2	the	the	DET
fsr-3281	21	3	historical	historical	ADJ
fsr-3281	21	4	costs	cost	NOUN
fsr-3281	21	5	to	to	ADP
fsr-3281	21	6	the	the	DET
fsr-3281	21	7	insurance	insurance	NOUN
fsr-3281	21	8	industry	industry	NOUN
fsr-3281	21	9	in	in	ADP
fsr-3281	21	10	the	the	DET
fsr-3281	21	11	next	next	ADJ
fsr-3281	21	12	section	section	NOUN
fsr-3281	21	13	sheds	shed	VERB
fsr-3281	21	14	light	light	NOUN
fsr-3281	21	15	on	on	ADP
fsr-3281	21	16	the	the	DET
fsr-3281	21	17	magnitude	magnitude	NOUN
fsr-3281	21	18	of	of	ADP
fsr-3281	21	19	the	the	DET
fsr-3281	21	20	losses	loss	NOUN
fsr-3281	21	21	associated	associate	VERB
fsr-3281	21	22	with	with	ADP
fsr-3281	21	23	catastrophic	catastrophic	ADJ
fsr-3281	21	24	events	event	NOUN
fsr-3281	21	25	,	,	PUNCT
fsr-3281	21	26	why	why	SCONJ
fsr-3281	21	27	insurance	insurance	NOUN
fsr-3281	21	28	firms	firm	NOUN
fsr-3281	21	29	need	need	VERB
fsr-3281	21	30	to	to	PART
fsr-3281	21	31	offset	offset	VERB
fsr-3281	21	32	part	part	NOUN
fsr-3281	21	33	of	of	ADP
fsr-3281	21	34	this	this	DET
fsr-3281	21	35	risk	risk	NOUN
fsr-3281	21	36	,	,	PUNCT
fsr-3281	21	37	and	and	CCONJ
fsr-3281	21	38	the	the	DET
fsr-3281	21	39	role	role	NOUN
fsr-3281	21	40	the	the	DET
fsr-3281	21	41	state	state	NOUN
fsr-3281	21	42	of	of	ADP
fsr-3281	21	43	florida	florida	PROPN
fsr-3281	21	44	played	play	VERB
fsr-3281	21	45	in	in	ADP
fsr-3281	21	46	the	the	DET
fsr-3281	21	47	advancement	advancement	NOUN
fsr-3281	21	48	of	of	ADP
fsr-3281	21	49	cat	cat	NOUN
fsr-3281	21	50	bonds	bond	NOUN
fsr-3281	21	51	.	.	PUNCT
fsr-3281	22	1	this	this	PRON
fsr-3281	22	2	leads	lead	VERB
fsr-3281	22	3	to	to	ADP
fsr-3281	22	4	the	the	DET
fsr-3281	22	5	analysis	analysis	NOUN
fsr-3281	22	6	of	of	ADP
fsr-3281	22	7	the	the	DET
fsr-3281	22	8	historical	historical	ADJ
fsr-3281	22	9	returns	return	NOUN
fsr-3281	22	10	using	use	VERB
fsr-3281	22	11	various	various	ADJ
fsr-3281	22	12	proxies	proxy	NOUN
fsr-3281	22	13	for	for	ADP
fsr-3281	22	14	an	an	DET
fsr-3281	22	15	investment	investment	NOUN
fsr-3281	22	16	in	in	ADP
fsr-3281	22	17	cat	cat	NOUN
fsr-3281	22	18	bonds	bond	NOUN
fsr-3281	22	19	.	.	PUNCT
fsr-3281	23	1	the	the	DET
fsr-3281	23	2	conclusion	conclusion	NOUN
fsr-3281	23	3	ties	tie	VERB
fsr-3281	23	4	the	the	DET
fsr-3281	23	5	presentation	presentation	NOUN
fsr-3281	23	6	together	together	ADV
fsr-3281	23	7	highlighting	highlight	VERB
fsr-3281	23	8	the	the	DET
fsr-3281	23	9	fact	fact	NOUN
fsr-3281	23	10	that	that	SCONJ
fsr-3281	23	11	cat	cat	NOUN
fsr-3281	23	12	bonds	bond	NOUN
fsr-3281	23	13	offer	offer	VERB
fsr-3281	23	14	similar	similar	ADJ
fsr-3281	23	15	returns	return	NOUN
fsr-3281	23	16	to	to	ADP
fsr-3281	23	17	comparable	comparable	ADJ
fsr-3281	23	18	corporate	corporate	ADJ
fsr-3281	23	19	issues	issue	NOUN
fsr-3281	23	20	with	with	ADP
fsr-3281	23	21	the	the	DET
fsr-3281	23	22	added	add	VERB
fsr-3281	23	23	benefit	benefit	NOUN
fsr-3281	23	24	of	of	ADP
fsr-3281	23	25	diversification	diversification	NOUN
fsr-3281	23	26	.	.	PUNCT
fsr-3281	24	1	2	2	X
fsr-3281	24	2	.	.	X
fsr-3281	24	3	literature	literature	NOUN
fsr-3281	24	4	review	review	VERB
fsr-3281	24	5	the	the	DET
fsr-3281	24	6	analysis	analysis	NOUN
fsr-3281	24	7	of	of	ADP
fsr-3281	24	8	cat	cat	NOUN
fsr-3281	24	9	bonds	bond	NOUN
fsr-3281	24	10	has	have	AUX
fsr-3281	24	11	spanned	span	VERB
fsr-3281	24	12	a	a	DET
fsr-3281	24	13	wide	wide	ADJ
fsr-3281	24	14	spectrum	spectrum	NOUN
fsr-3281	24	15	of	of	ADP
fsr-3281	24	16	research	research	NOUN
fsr-3281	24	17	from	from	ADP
fsr-3281	24	18	descriptive	descriptive	ADJ
fsr-3281	24	19	to	to	AUX
fsr-3281	24	20	empirical	empirical	VERB
fsr-3281	24	21	.	.	PUNCT
fsr-3281	25	1	for	for	ADP
fsr-3281	25	2	instance	instance	NOUN
fsr-3281	25	3	,	,	PUNCT
fsr-3281	25	4	cummins	cummins	PROPN
fsr-3281	25	5	(	(	PUNCT
fsr-3281	25	6	2008	2008	NUM
fsr-3281	25	7	and	and	CCONJ
fsr-3281	25	8	2012	2012	NUM
fsr-3281	25	9	)	)	PUNCT
fsr-3281	25	10	outlines	outline	VERB
fsr-3281	25	11	the	the	DET
fsr-3281	25	12	state	state	NOUN
fsr-3281	25	13	of	of	ADP
fsr-3281	25	14	the	the	DET
fsr-3281	25	15	cat	cat	NOUN
fsr-3281	25	16	bond	bond	NOUN
fsr-3281	25	17	market	market	NOUN
fsr-3281	25	18	.	.	PUNCT
fsr-3281	26	1	in	in	ADP
fsr-3281	26	2	these	these	DET
fsr-3281	26	3	two	two	NUM
fsr-3281	26	4	descriptive	descriptive	ADJ
fsr-3281	26	5	articles	article	NOUN
fsr-3281	26	6	,	,	PUNCT
fsr-3281	26	7	cummins	cummin	NOUN
fsr-3281	26	8	demonstrates	demonstrate	VERB
fsr-3281	26	9	a	a	DET
fsr-3281	26	10	tie	tie	NOUN
fsr-3281	26	11	between	between	ADP
fsr-3281	26	12	the	the	DET
fsr-3281	26	13	role	role	NOUN
fsr-3281	26	14	played	play	VERB
fsr-3281	26	15	by	by	ADP
fsr-3281	26	16	cat	cat	NOUN
fsr-3281	26	17	bonds	bond	NOUN
fsr-3281	26	18	and	and	CCONJ
fsr-3281	26	19	the	the	DET
fsr-3281	26	20	reinsurance	reinsurance	NOUN
fsr-3281	26	21	market	market	NOUN
fsr-3281	26	22	.	.	PUNCT
fsr-3281	27	1	both	both	DET
fsr-3281	27	2	cat	cat	NOUN
fsr-3281	27	3	bonds	bond	NOUN
fsr-3281	27	4	and	and	CCONJ
fsr-3281	27	5	reinsurance	reinsurance	NOUN
fsr-3281	27	6	offer	offer	VERB
fsr-3281	27	7	the	the	DET
fsr-3281	27	8	underlying	underlie	VERB
fsr-3281	27	9	insurance	insurance	NOUN
fsr-3281	27	10	firms	firm	NOUN
fsr-3281	27	11	a	a	DET
fsr-3281	27	12	means	means	NOUN
fsr-3281	27	13	to	to	PART
fsr-3281	27	14	offset	offset	VERB
fsr-3281	27	15	the	the	DET
fsr-3281	27	16	risk	risk	NOUN
fsr-3281	27	17	associated	associate	VERB
fsr-3281	27	18	with	with	ADP
fsr-3281	27	19	catastrophic	catastrophic	ADJ
fsr-3281	27	20	disasters	disaster	NOUN
fsr-3281	27	21	,	,	PUNCT
fsr-3281	27	22	but	but	CCONJ
fsr-3281	27	23	cat	cat	NOUN
fsr-3281	27	24	bonds	bond	NOUN
fsr-3281	27	25	offer	offer	VERB
fsr-3281	27	26	insurance	insurance	NOUN
fsr-3281	27	27	firms	firm	NOUN
fsr-3281	27	28	an	an	DET
fsr-3281	27	29	alternative	alternative	ADJ
fsr-3281	27	30	avenue	avenue	NOUN
fsr-3281	27	31	of	of	ADP
fsr-3281	27	32	funding	funding	NOUN
fsr-3281	27	33	that	that	PRON
fsr-3281	27	34	taps	tap	VERB
fsr-3281	27	35	into	into	ADP
fsr-3281	27	36	the	the	DET
fsr-3281	27	37	capital	capital	NOUN
fsr-3281	27	38	markets	market	NOUN
fsr-3281	27	39	.	.	PUNCT
fsr-3281	28	1	as	as	SCONJ
fsr-3281	28	2	reported	report	VERB
fsr-3281	28	3	in	in	ADP
fsr-3281	28	4	cummins	cummin	NOUN
fsr-3281	28	5	(	(	PUNCT
fsr-3281	28	6	2008	2008	NUM
fsr-3281	28	7	)	)	PUNCT
fsr-3281	28	8	,	,	PUNCT
fsr-3281	28	9	starting	start	VERB
fsr-3281	28	10	with	with	ADP
fsr-3281	28	11	the	the	DET
fsr-3281	28	12	first	first	ADJ
fsr-3281	28	13	successful	successful	ADJ
fsr-3281	28	14	cat	cat	NOUN
fsr-3281	28	15	bond	bond	NOUN
fsr-3281	28	16	underwritten	underwrite	VERB
fsr-3281	28	17	in	in	ADP
fsr-3281	28	18	1994	1994	NUM
fsr-3281	28	19	for	for	ADP
fsr-3281	28	20	$	$	SYM
fsr-3281	28	21	85	85	NUM
fsr-3281	28	22	million	million	NUM
fsr-3281	28	23	by	by	ADP
fsr-3281	28	24	hannover	hannover	PROPN
fsr-3281	28	25	re	re	PROPN
fsr-3281	28	26	,	,	PUNCT
fsr-3281	28	27	cat	cat	NOUN
fsr-3281	28	28	bonds	bond	NOUN
fsr-3281	28	29	have	have	AUX
fsr-3281	28	30	been	be	AUX
fsr-3281	28	31	used	use	VERB
fsr-3281	28	32	primarily	primarily	ADV
fsr-3281	28	33	to	to	PART
fsr-3281	28	34	offset	offset	VERB
fsr-3281	28	35	the	the	DET
fsr-3281	28	36	high	high	ADJ
fsr-3281	28	37	layers	layer	NOUN
fsr-3281	28	38	of	of	ADP
fsr-3281	28	39	reinsurance	reinsurance	NOUN
fsr-3281	28	40	protection	protection	NOUN
fsr-3281	28	41	.	.	PUNCT
fsr-3281	29	1	this	this	DET
fsr-3281	29	2	sector	sector	NOUN
fsr-3281	29	3	is	be	AUX
fsr-3281	29	4	not	not	PART
fsr-3281	29	5	typically	typically	ADV
fsr-3281	29	6	covered	cover	VERB
fsr-3281	29	7	within	within	ADP
fsr-3281	29	8	the	the	DET
fsr-3281	29	9	reinsurance	reinsurance	NOUN
fsr-3281	29	10	market	market	NOUN
fsr-3281	29	11	because	because	SCONJ
fsr-3281	29	12	of	of	ADP
fsr-3281	29	13	the	the	DET
fsr-3281	29	14	high	high	ADJ
fsr-3281	29	15	margins	margin	NOUN
fsr-3281	29	16	taken	take	VERB
fsr-3281	29	17	by	by	ADP
fsr-3281	29	18	the	the	DET
fsr-3281	29	19	reinsurers	reinsurer	NOUN
fsr-3281	29	20	and	and	CCONJ
fsr-3281	29	21	the	the	DET
fsr-3281	29	22	lack	lack	NOUN
fsr-3281	29	23	of	of	ADP
fsr-3281	29	24	faith	faith	NOUN
fsr-3281	29	25	in	in	ADP
fsr-3281	29	26	the	the	DET
fsr-3281	29	27	creditability	creditability	NOUN
fsr-3281	29	28	of	of	ADP
fsr-3281	29	29	the	the	DET
fsr-3281	29	30	reinsurers	reinsurer	NOUN
fsr-3281	29	31	to	to	PART
fsr-3281	29	32	offer	offer	VERB
fsr-3281	29	33	protection	protection	NOUN
fsr-3281	29	34	for	for	ADP
fsr-3281	29	35	the	the	DET
fsr-3281	29	36	magnitude	magnitude	NOUN
fsr-3281	29	37	of	of	ADP
fsr-3281	29	38	these	these	DET
fsr-3281	29	39	low	low	ADJ
fsr-3281	29	40	probability	probability	NOUN
fsr-3281	29	41	events	event	NOUN
fsr-3281	29	42	.	.	PUNCT
fsr-3281	30	1	froot	froot	NOUN
fsr-3281	30	2	(	(	PUNCT
fsr-3281	30	3	2001	2001	NUM
fsr-3281	30	4	)	)	PUNCT
fsr-3281	30	5	stresses	stress	VERB
fsr-3281	30	6	the	the	DET
fsr-3281	30	7	role	role	NOUN
fsr-3281	30	8	cat	cat	NOUN
fsr-3281	30	9	bonds	bond	NOUN
fsr-3281	30	10	have	have	VERB
fsr-3281	30	11	on	on	ADP
fsr-3281	30	12	reducing	reduce	VERB
fsr-3281	30	13	the	the	DET
fsr-3281	30	14	barriers	barrier	NOUN
fsr-3281	30	15	of	of	ADP
fsr-3281	30	16	entry	entry	NOUN
fsr-3281	30	17	into	into	ADP
fsr-3281	30	18	the	the	DET
fsr-3281	30	19	reinsurance	reinsurance	NOUN
fsr-3281	30	20	marketplace	marketplace	NOUN
fsr-3281	30	21	by	by	ADP
fsr-3281	30	22	offering	offer	VERB
fsr-3281	30	23	another	another	DET
fsr-3281	30	24	avenue	avenue	NOUN
fsr-3281	30	25	insurers	insurer	NOUN
fsr-3281	30	26	can	can	AUX
fsr-3281	30	27	use	use	VERB
fsr-3281	30	28	to	to	PART
fsr-3281	30	29	reduce	reduce	VERB
fsr-3281	30	30	their	their	PRON
fsr-3281	30	31	exposure	exposure	NOUN
fsr-3281	30	32	to	to	ADP
fsr-3281	30	33	risk	risk	NOUN
fsr-3281	30	34	.	.	PUNCT
fsr-3281	31	1	by	by	ADP
fsr-3281	31	2	examining	examine	VERB
fsr-3281	31	3	eight	eight	NUM
fsr-3281	31	4	theoretical	theoretical	ADJ
fsr-3281	31	5	explanations	explanation	NOUN
fsr-3281	31	6	concerning	concern	VERB
fsr-3281	31	7	the	the	DET
fsr-3281	31	8	pattern	pattern	NOUN
fsr-3281	31	9	of	of	ADP
fsr-3281	31	10	hedging	hedge	VERB
fsr-3281	31	11	against	against	ADP
fsr-3281	31	12	catastrophe	catastrophe	NOUN
fsr-3281	31	13	risks	risk	NOUN
fsr-3281	31	14	from	from	ADP
fsr-3281	31	15	the	the	DET
fsr-3281	31	16	insurance	insurance	NOUN
fsr-3281	31	17	firm	firm	NOUN
fsr-3281	31	18	’s	’s	PART
fsr-3281	31	19	perspective	perspective	NOUN
fsr-3281	31	20	,	,	PUNCT
fsr-3281	31	21	froot	froot	NOUN
fsr-3281	31	22	finds	find	VERB
fsr-3281	31	23	that	that	SCONJ
fsr-3281	31	24	the	the	DET
fsr-3281	31	25	decision	decision	NOUN
fsr-3281	31	26	between	between	ADP
fsr-3281	31	27	reinsurance	reinsurance	NOUN
fsr-3281	31	28	and	and	CCONJ
fsr-3281	31	29	cat	cat	NOUN
fsr-3281	31	30	bonds	bond	NOUN
fsr-3281	31	31	is	be	AUX
fsr-3281	31	32	a	a	DET
fsr-3281	31	33	tradeoff	tradeoff	NOUN
fsr-3281	31	34	between	between	ADP
fsr-3281	31	35	the	the	DET
fsr-3281	31	36	lower	low	ADJ
fsr-3281	31	37	adverse	adverse	ADJ
fsr-3281	31	38	selection	selection	NOUN
fsr-3281	31	39	costs	cost	NOUN
fsr-3281	31	40	associated	associate	VERB
fsr-3281	31	41	with	with	ADP
fsr-3281	31	42	reinsurance	reinsurance	NOUN
fsr-3281	31	43	and	and	CCONJ
fsr-3281	31	44	the	the	DET
fsr-3281	31	45	costs	cost	NOUN
fsr-3281	31	46	stemming	stem	VERB
fsr-3281	31	47	from	from	ADP
fsr-3281	31	48	the	the	DET
fsr-3281	31	49	reinsurance	reinsurance	NOUN
fsr-3281	31	50	markup	markup	NOUN
fsr-3281	31	51	.	.	PUNCT
fsr-3281	32	1	the	the	DET
fsr-3281	32	2	theoretical	theoretical	ADJ
fsr-3281	32	3	work	work	NOUN
fsr-3281	32	4	of	of	ADP
fsr-3281	32	5	finken	finken	NOUN
fsr-3281	32	6	and	and	CCONJ
fsr-3281	32	7	laux	laux	PROPN
fsr-3281	32	8	(	(	PUNCT
fsr-3281	32	9	2009	2009	NUM
fsr-3281	32	10	)	)	PUNCT
fsr-3281	32	11	continues	continue	VERB
fsr-3281	32	12	this	this	DET
fsr-3281	32	13	line	line	NOUN
fsr-3281	32	14	of	of	ADP
fsr-3281	32	15	research	research	NOUN
fsr-3281	32	16	by	by	ADP
fsr-3281	32	17	demonstrating	demonstrate	VERB
fsr-3281	32	18	that	that	SCONJ
fsr-3281	32	19	cat	cat	NOUN
fsr-3281	32	20	bonds	bond	NOUN
fsr-3281	32	21	tied	tie	VERB
fsr-3281	32	22	to	to	ADP
fsr-3281	32	23	parametric	parametric	ADJ
fsr-3281	32	24	triggers	trigger	NOUN
fsr-3281	32	25	offer	offer	VERB
fsr-3281	32	26	an	an	DET
fsr-3281	32	27	additional	additional	ADJ
fsr-3281	32	28	layer	layer	NOUN
fsr-3281	32	29	of	of	ADP
fsr-3281	32	30	protection	protection	NOUN
fsr-3281	32	31	to	to	ADP
fsr-3281	32	32	the	the	DET
fsr-3281	32	33	underlying	underlie	VERB
fsr-3281	32	34	insurer	insurer	NOUN
fsr-3281	32	35	beyond	beyond	ADP
fsr-3281	32	36	the	the	DET
fsr-3281	32	37	reinsurance	reinsurance	NOUN
fsr-3281	32	38	market	market	NOUN
fsr-3281	32	39	.	.	PUNCT
fsr-3281	33	1	because	because	SCONJ
fsr-3281	33	2	there	there	PRON
fsr-3281	33	3	is	be	VERB
fsr-3281	33	4	an	an	DET
fsr-3281	33	5	imperfect	imperfect	ADJ
fsr-3281	33	6	304	304	NUM
fsr-3281	33	7	r.j	r.j	PROPN
fsr-3281	33	8	.	.	PROPN
fsr-3281	33	9	kish	kish	PROPN
fsr-3281	33	10	/	/	SYM
fsr-3281	33	11	financial	financial	ADJ
fsr-3281	33	12	services	service	NOUN
fsr-3281	33	13	review	review	VERB
fsr-3281	33	14	25	25	NUM
fsr-3281	33	15	(	(	PUNCT
fsr-3281	33	16	2016	2016	NUM
fsr-3281	33	17	)	)	PUNCT
fsr-3281	33	18	303–329	303–329	NUM
fsr-3281	33	19	correlation	correlation	NOUN
fsr-3281	33	20	between	between	ADP
fsr-3281	33	21	the	the	DET
fsr-3281	33	22	bond	bond	NOUN
fsr-3281	33	23	’s	’s	PART
fsr-3281	33	24	payoff	payoff	NOUN
fsr-3281	33	25	and	and	CCONJ
fsr-3281	33	26	the	the	DET
fsr-3281	33	27	insurer	insurer	NOUN
fsr-3281	33	28	’s	’s	PART
fsr-3281	33	29	loss	loss	NOUN
fsr-3281	33	30	,	,	PUNCT
fsr-3281	33	31	diversification	diversification	NOUN
fsr-3281	33	32	is	be	AUX
fsr-3281	33	33	an	an	DET
fsr-3281	33	34	additional	additional	ADJ
fsr-3281	33	35	benefit	benefit	NOUN
fsr-3281	33	36	offered	offer	VERB
fsr-3281	33	37	by	by	ADP
fsr-3281	33	38	cat	cat	NOUN
fsr-3281	33	39	bonds	bond	NOUN
fsr-3281	33	40	.	.	PUNCT
fsr-3281	34	1	cummins	cummin	NOUN
fsr-3281	34	2	et	et	PROPN
fsr-3281	34	3	al	al	PROPN
fsr-3281	34	4	.	.	PROPN
fsr-3281	35	1	(	(	PUNCT
fsr-3281	35	2	2004	2004	NUM
fsr-3281	35	3	)	)	PUNCT
fsr-3281	35	4	,	,	PUNCT
fsr-3281	36	1	also	also	ADV
fsr-3281	36	2	exploring	explore	VERB
fsr-3281	36	3	the	the	DET
fsr-3281	36	4	effects	effect	NOUN
fsr-3281	36	5	of	of	ADP
fsr-3281	36	6	various	various	ADJ
fsr-3281	36	7	triggers	trigger	NOUN
fsr-3281	36	8	but	but	CCONJ
fsr-3281	36	9	through	through	ADP
fsr-3281	36	10	simulation	simulation	NOUN
fsr-3281	36	11	,	,	PUNCT
fsr-3281	36	12	highlights	highlight	VERB
fsr-3281	36	13	the	the	DET
fsr-3281	36	14	advantages	advantage	NOUN
fsr-3281	36	15	to	to	ADP
fsr-3281	36	16	the	the	DET
fsr-3281	36	17	insurer	insurer	NOUN
fsr-3281	36	18	dependent	dependent	ADJ
fsr-3281	36	19	on	on	ADP
fsr-3281	36	20	the	the	DET
fsr-3281	36	21	trigger	trigger	NOUN
fsr-3281	36	22	mechanism	mechanism	NOUN
fsr-3281	36	23	in	in	ADP
fsr-3281	36	24	place	place	NOUN
fsr-3281	36	25	.	.	PUNCT
fsr-3281	37	1	in	in	ADP
fsr-3281	37	2	a	a	DET
fsr-3281	37	3	related	related	ADJ
fsr-3281	37	4	article	article	NOUN
fsr-3281	37	5	,	,	PUNCT
fsr-3281	37	6	subramanian	subramanian	PROPN
fsr-3281	37	7	and	and	CCONJ
fsr-3281	37	8	wang	wang	PROPN
fsr-3281	37	9	(	(	PUNCT
fsr-3281	37	10	2015	2015	NUM
fsr-3281	37	11	)	)	PUNCT
fsr-3281	37	12	attempt	attempt	VERB
fsr-3281	37	13	to	to	PART
fsr-3281	37	14	explain	explain	VERB
fsr-3281	37	15	why	why	SCONJ
fsr-3281	37	16	the	the	DET
fsr-3281	37	17	cat	cat	NOUN
fsr-3281	37	18	bond	bond	NOUN
fsr-3281	37	19	market	market	NOUN
fsr-3281	37	20	is	be	AUX
fsr-3281	37	21	so	so	ADV
fsr-3281	37	22	small	small	ADJ
fsr-3281	37	23	,	,	PUNCT
fsr-3281	37	24	even	even	ADV
fsr-3281	37	25	though	though	SCONJ
fsr-3281	37	26	its	its	PRON
fsr-3281	37	27	benefits	benefit	NOUN
fsr-3281	37	28	have	have	AUX
fsr-3281	37	29	been	be	AUX
fsr-3281	37	30	highlighted	highlight	VERB
fsr-3281	37	31	in	in	ADP
fsr-3281	37	32	the	the	DET
fsr-3281	37	33	literature	literature	NOUN
fsr-3281	37	34	(	(	PUNCT
fsr-3281	37	35	e.g.	e.g.	ADV
fsr-3281	37	36	,	,	PUNCT
fsr-3281	37	37	bantwal	bantwal	NOUN
fsr-3281	37	38	and	and	CCONJ
fsr-3281	37	39	kunreuther	kunreuther	NOUN
fsr-3281	37	40	,	,	PUNCT
fsr-3281	37	41	2000	2000	NUM
fsr-3281	37	42	;	;	PUNCT
fsr-3281	37	43	barrieu	barrieu	NOUN
fsr-3281	37	44	and	and	CCONJ
fsr-3281	37	45	louberge	louberge	NOUN
fsr-3281	37	46	,	,	PUNCT
fsr-3281	37	47	2009	2009	NUM
fsr-3281	37	48	;	;	PUNCT
fsr-3281	37	49	cummins	cummin	NOUN
fsr-3281	37	50	and	and	CCONJ
fsr-3281	37	51	trainar	trainar	NOUN
fsr-3281	37	52	,	,	PUNCT
fsr-3281	37	53	2009	2009	NUM
fsr-3281	37	54	;	;	PUNCT
fsr-3281	37	55	dieckmann	dieckmann	NOUN
fsr-3281	37	56	,	,	PUNCT
fsr-3281	37	57	2011	2011	NUM
fsr-3281	37	58	;	;	PUNCT
fsr-3281	37	59	durbin	durbin	ADJ
fsr-3281	37	60	,	,	PUNCT
fsr-3281	37	61	2001	2001	NUM
fsr-3281	37	62	;	;	PUNCT
fsr-3281	37	63	hagendorff	hagendorff	X
fsr-3281	37	64	et	et	PROPN
fsr-3281	37	65	al	al	PROPN
fsr-3281	37	66	.	.	PROPN
fsr-3281	37	67	,	,	PUNCT
fsr-3281	37	68	2014	2014	NUM
fsr-3281	37	69	)	)	PUNCT
fsr-3281	37	70	.	.	PUNCT
fsr-3281	38	1	subramanian	subramanian	PROPN
fsr-3281	38	2	and	and	CCONJ
fsr-3281	38	3	wang	wang	PROPN
fsr-3281	38	4	’s	’s	PART
fsr-3281	38	5	claim	claim	NOUN
fsr-3281	38	6	is	be	AUX
fsr-3281	38	7	that	that	SCONJ
fsr-3281	38	8	insurers	insurer	NOUN
fsr-3281	38	9	only	only	ADV
fsr-3281	38	10	utilize	utilize	VERB
fsr-3281	38	11	the	the	DET
fsr-3281	38	12	cat	cat	NOUN
fsr-3281	38	13	bond	bond	NOUN
fsr-3281	38	14	market	market	NOUN
fsr-3281	38	15	when	when	SCONJ
fsr-3281	38	16	potential	potential	ADJ
fsr-3281	38	17	losses	loss	NOUN
fsr-3281	38	18	increase	increase	VERB
fsr-3281	38	19	beyond	beyond	ADP
fsr-3281	38	20	where	where	SCONJ
fsr-3281	38	21	it	it	PRON
fsr-3281	38	22	is	be	AUX
fsr-3281	38	23	efficient	efficient	ADJ
fsr-3281	38	24	to	to	PART
fsr-3281	38	25	be	be	AUX
fsr-3281	38	26	covered	cover	VERB
fsr-3281	38	27	within	within	ADP
fsr-3281	38	28	the	the	DET
fsr-3281	38	29	reinsurance	reinsurance	NOUN
fsr-3281	38	30	market	market	NOUN
fsr-3281	38	31	.	.	PUNCT
fsr-3281	39	1	the	the	DET
fsr-3281	39	2	benefits	benefit	NOUN
fsr-3281	39	3	of	of	ADP
fsr-3281	39	4	cat	cat	NOUN
fsr-3281	39	5	bonds	bond	NOUN
fsr-3281	39	6	abound	abound	VERB
fsr-3281	39	7	in	in	ADP
fsr-3281	39	8	the	the	DET
fsr-3281	39	9	literature	literature	NOUN
fsr-3281	39	10	.	.	PUNCT
fsr-3281	40	1	for	for	ADP
fsr-3281	40	2	instance	instance	NOUN
fsr-3281	40	3	,	,	PUNCT
fsr-3281	40	4	bantwal	bantwal	NOUN
fsr-3281	40	5	and	and	CCONJ
fsr-3281	40	6	kunreuther	kunreuther	PROPN
fsr-3281	40	7	(	(	PUNCT
fsr-3281	40	8	2000	2000	NUM
fsr-3281	40	9	)	)	PUNCT
fsr-3281	40	10	rely	rely	VERB
fsr-3281	40	11	on	on	ADP
fsr-3281	40	12	simulations	simulation	NOUN
fsr-3281	40	13	to	to	PART
fsr-3281	40	14	illustrate	illustrate	VERB
fsr-3281	40	15	the	the	DET
fsr-3281	40	16	benefits	benefit	NOUN
fsr-3281	40	17	of	of	ADP
fsr-3281	40	18	cat	cat	NOUN
fsr-3281	40	19	bonds	bond	NOUN
fsr-3281	40	20	to	to	ADP
fsr-3281	40	21	potential	potential	ADJ
fsr-3281	40	22	investors	investor	NOUN
fsr-3281	40	23	.	.	PUNCT
fsr-3281	41	1	the	the	DET
fsr-3281	41	2	claim	claim	NOUN
fsr-3281	41	3	is	be	AUX
fsr-3281	41	4	that	that	SCONJ
fsr-3281	41	5	cat	cat	NOUN
fsr-3281	41	6	bonds	bond	NOUN
fsr-3281	41	7	offer	offer	VERB
fsr-3281	41	8	a	a	DET
fsr-3281	41	9	unique	unique	ADJ
fsr-3281	41	10	opportunity	opportunity	NOUN
fsr-3281	41	11	to	to	PART
fsr-3281	41	12	enhance	enhance	VERB
fsr-3281	41	13	portfolios	portfolio	NOUN
fsr-3281	41	14	with	with	ADP
fsr-3281	41	15	an	an	DET
fsr-3281	41	16	investment	investment	NOUN
fsr-3281	41	17	option	option	NOUN
fsr-3281	41	18	that	that	PRON
fsr-3281	41	19	provides	provide	VERB
fsr-3281	41	20	a	a	DET
fsr-3281	41	21	high	high	ADV
fsr-3281	41	22	-	-	PUNCT
fsr-3281	41	23	yielding	yield	VERB
fsr-3281	41	24	return	return	NOUN
fsr-3281	41	25	that	that	PRON
fsr-3281	41	26	is	be	AUX
fsr-3281	41	27	uncorrelated	uncorrelate	VERB
fsr-3281	41	28	with	with	ADP
fsr-3281	41	29	the	the	DET
fsr-3281	41	30	market	market	NOUN
fsr-3281	41	31	.	.	PUNCT
fsr-3281	42	1	during	during	ADP
fsr-3281	42	2	the	the	DET
fsr-3281	42	3	time	time	NOUN
fsr-3281	42	4	of	of	ADP
fsr-3281	42	5	their	their	PRON
fsr-3281	42	6	study	study	NOUN
fsr-3281	42	7	the	the	DET
fsr-3281	42	8	spreads	spread	NOUN
fsr-3281	42	9	on	on	ADP
fsr-3281	42	10	investment	investment	NOUN
fsr-3281	42	11	linked	link	VERB
fsr-3281	42	12	securities	security	NOUN
fsr-3281	42	13	(	(	PUNCT
fsr-3281	42	14	ils	ils	NOUN
fsr-3281	42	15	)	)	PUNCT
fsr-3281	42	16	,	,	PUNCT
fsr-3281	42	17	of	of	ADP
fsr-3281	42	18	which	which	PRON
fsr-3281	42	19	cat	cat	NOUN
fsr-3281	42	20	bonds	bond	NOUN
fsr-3281	42	21	are	be	AUX
fsr-3281	42	22	a	a	DET
fsr-3281	42	23	subset	subset	NOUN
fsr-3281	42	24	,	,	PUNCT
fsr-3281	42	25	were	be	AUX
fsr-3281	42	26	considerably	considerably	ADV
fsr-3281	42	27	higher	high	ADJ
fsr-3281	42	28	than	than	ADP
fsr-3281	42	29	the	the	DET
fsr-3281	42	30	spreads	spread	NOUN
fsr-3281	42	31	for	for	ADP
fsr-3281	42	32	comparable	comparable	ADJ
fsr-3281	42	33	speculative	speculative	ADJ
fsr-3281	42	34	-	-	PUNCT
fsr-3281	42	35	grade	grade	NOUN
fsr-3281	42	36	corporate	corporate	ADJ
fsr-3281	42	37	debt	debt	NOUN
fsr-3281	42	38	.	.	PUNCT
fsr-3281	43	1	this	this	DET
fsr-3281	43	2	wide	wide	ADJ
fsr-3281	43	3	spread	spread	NOUN
fsr-3281	43	4	is	be	AUX
fsr-3281	43	5	not	not	PART
fsr-3281	43	6	supported	support	VERB
fsr-3281	43	7	within	within	ADP
fsr-3281	43	8	the	the	DET
fsr-3281	43	9	current	current	ADJ
fsr-3281	43	10	market	market	NOUN
fsr-3281	43	11	.	.	PUNCT
fsr-3281	44	1	barrieu	barrieu	VERB
fsr-3281	44	2	and	and	CCONJ
fsr-3281	44	3	louberge	louberge	NOUN
fsr-3281	44	4	(	(	PUNCT
fsr-3281	44	5	2009	2009	NUM
fsr-3281	44	6	)	)	PUNCT
fsr-3281	44	7	support	support	NOUN
fsr-3281	44	8	earlier	early	ADJ
fsr-3281	44	9	findings	finding	NOUN
fsr-3281	44	10	that	that	SCONJ
fsr-3281	44	11	the	the	DET
fsr-3281	44	12	cat	cat	NOUN
fsr-3281	44	13	bond	bond	NOUN
fsr-3281	44	14	market	market	NOUN
fsr-3281	44	15	offers	offer	VERB
fsr-3281	44	16	benefits	benefit	NOUN
fsr-3281	44	17	through	through	ADP
fsr-3281	44	18	diversification	diversification	NOUN
fsr-3281	44	19	and	and	CCONJ
fsr-3281	44	20	high	high	ADJ
fsr-3281	44	21	returns	return	NOUN
fsr-3281	44	22	,	,	PUNCT
fsr-3281	44	23	but	but	CCONJ
fsr-3281	44	24	the	the	DET
fsr-3281	44	25	main	main	ADJ
fsr-3281	44	26	focus	focus	NOUN
fsr-3281	44	27	of	of	ADP
fsr-3281	44	28	their	their	PRON
fsr-3281	44	29	research	research	NOUN
fsr-3281	44	30	,	,	PUNCT
fsr-3281	44	31	similar	similar	ADJ
fsr-3281	44	32	to	to	ADP
fsr-3281	44	33	subramanian	subramanian	PROPN
fsr-3281	44	34	and	and	CCONJ
fsr-3281	44	35	wang	wang	PROPN
fsr-3281	44	36	(	(	PUNCT
fsr-3281	44	37	2015	2015	NUM
fsr-3281	44	38	)	)	PUNCT
fsr-3281	44	39	,	,	PUNCT
fsr-3281	44	40	is	be	AUX
fsr-3281	44	41	on	on	ADP
fsr-3281	44	42	explaining	explain	VERB
fsr-3281	44	43	why	why	SCONJ
fsr-3281	44	44	the	the	DET
fsr-3281	44	45	cat	cat	NOUN
fsr-3281	44	46	bond	bond	NOUN
fsr-3281	44	47	market	market	NOUN
fsr-3281	44	48	remains	remain	VERB
fsr-3281	44	49	small	small	ADJ
fsr-3281	44	50	.	.	PUNCT
fsr-3281	45	1	they	they	PRON
fsr-3281	45	2	argue	argue	VERB
fsr-3281	45	3	for	for	ADP
fsr-3281	45	4	the	the	DET
fsr-3281	45	5	introduction	introduction	NOUN
fsr-3281	45	6	of	of	ADP
fsr-3281	45	7	a	a	DET
fsr-3281	45	8	hybrid	hybrid	ADJ
fsr-3281	45	9	cat	cat	NOUN
fsr-3281	45	10	bond	bond	NOUN
fsr-3281	45	11	tied	tie	VERB
fsr-3281	45	12	to	to	ADP
fsr-3281	45	13	protection	protection	NOUN
fsr-3281	45	14	against	against	ADP
fsr-3281	45	15	a	a	DET
fsr-3281	45	16	stock	stock	NOUN
fsr-3281	45	17	market	market	NOUN
fsr-3281	45	18	crash	crash	NOUN
fsr-3281	45	19	to	to	PART
fsr-3281	45	20	add	add	VERB
fsr-3281	45	21	appeal	appeal	NOUN
fsr-3281	45	22	and	and	CCONJ
fsr-3281	45	23	hopefully	hopefully	ADV
fsr-3281	45	24	expand	expand	VERB
fsr-3281	45	25	the	the	DET
fsr-3281	45	26	cat	cat	NOUN
fsr-3281	45	27	bond	bond	NOUN
fsr-3281	45	28	market	market	NOUN
fsr-3281	45	29	sector	sector	NOUN
fsr-3281	45	30	.	.	PUNCT
fsr-3281	46	1	cummins	cummin	NOUN
fsr-3281	46	2	and	and	CCONJ
fsr-3281	46	3	trainar	trainar	NOUN
fsr-3281	46	4	(	(	PUNCT
fsr-3281	46	5	2009	2009	NUM
fsr-3281	46	6	)	)	PUNCT
fsr-3281	46	7	deal	deal	NOUN
fsr-3281	46	8	with	with	ADP
fsr-3281	46	9	the	the	DET
fsr-3281	46	10	supply	supply	NOUN
fsr-3281	46	11	side	side	NOUN
fsr-3281	46	12	of	of	ADP
fsr-3281	46	13	the	the	DET
fsr-3281	46	14	cat	cat	NOUN
fsr-3281	46	15	bond	bond	NOUN
fsr-3281	46	16	market	market	NOUN
fsr-3281	46	17	.	.	PUNCT
fsr-3281	47	1	their	their	PRON
fsr-3281	47	2	core	core	NOUN
fsr-3281	47	3	finding	finding	NOUN
fsr-3281	47	4	is	be	AUX
fsr-3281	47	5	that	that	SCONJ
fsr-3281	47	6	the	the	DET
fsr-3281	47	7	benefits	benefit	NOUN
fsr-3281	47	8	of	of	ADP
fsr-3281	47	9	cat	cat	NOUN
fsr-3281	47	10	bonds	bond	NOUN
fsr-3281	47	11	versus	versus	ADP
fsr-3281	47	12	reinsurance	reinsurance	NOUN
fsr-3281	47	13	increase	increase	NOUN
fsr-3281	47	14	via	via	ADP
fsr-3281	47	15	the	the	DET
fsr-3281	47	16	magnitude	magnitude	NOUN
fsr-3281	47	17	of	of	ADP
fsr-3281	47	18	the	the	DET
fsr-3281	47	19	potential	potential	ADJ
fsr-3281	47	20	losses	loss	NOUN
fsr-3281	47	21	.	.	PUNCT
fsr-3281	48	1	from	from	ADP
fsr-3281	48	2	the	the	DET
fsr-3281	48	3	demand	demand	NOUN
fsr-3281	48	4	side	side	NOUN
fsr-3281	48	5	,	,	PUNCT
fsr-3281	48	6	dieckmann	dieckmann	NOUN
fsr-3281	48	7	(	(	PUNCT
fsr-3281	48	8	2011	2011	NUM
fsr-3281	48	9	)	)	PUNCT
fsr-3281	48	10	supports	support	VERB
fsr-3281	48	11	the	the	DET
fsr-3281	48	12	significant	significant	ADJ
fsr-3281	48	13	correlation	correlation	NOUN
fsr-3281	48	14	between	between	ADP
fsr-3281	48	15	returns	return	NOUN
fsr-3281	48	16	from	from	ADP
fsr-3281	48	17	cat	cat	NOUN
fsr-3281	48	18	bonds	bond	NOUN
fsr-3281	48	19	and	and	CCONJ
fsr-3281	48	20	speculative	speculative	ADJ
fsr-3281	48	21	grade	grade	NOUN
fsr-3281	48	22	corporate	corporate	ADJ
fsr-3281	48	23	bonds	bond	NOUN
fsr-3281	48	24	,	,	PUNCT
fsr-3281	48	25	but	but	CCONJ
fsr-3281	48	26	warns	warn	VERB
fsr-3281	48	27	of	of	ADP
fsr-3281	48	28	the	the	DET
fsr-3281	48	29	effects	effect	NOUN
fsr-3281	48	30	of	of	ADP
fsr-3281	48	31	the	the	DET
fsr-3281	48	32	low	low	ADJ
fsr-3281	48	33	probability	probability	NOUN
fsr-3281	48	34	of	of	ADP
fsr-3281	48	35	a	a	DET
fsr-3281	48	36	major	major	ADJ
fsr-3281	48	37	catastrophe	catastrophe	NOUN
fsr-3281	48	38	on	on	ADP
fsr-3281	48	39	returns	return	NOUN
fsr-3281	48	40	.	.	PUNCT
fsr-3281	49	1	durbin	durbin	ADJ
fsr-3281	49	2	(	(	PUNCT
fsr-3281	49	3	2001	2001	NUM
fsr-3281	49	4	)	)	PUNCT
fsr-3281	49	5	,	,	PUNCT
fsr-3281	49	6	one	one	NUM
fsr-3281	49	7	of	of	ADP
fsr-3281	49	8	the	the	DET
fsr-3281	49	9	earlier	early	ADJ
fsr-3281	49	10	works	work	NOUN
fsr-3281	49	11	within	within	ADP
fsr-3281	49	12	this	this	DET
fsr-3281	49	13	field	field	NOUN
fsr-3281	49	14	,	,	PUNCT
fsr-3281	49	15	reports	report	VERB
fsr-3281	49	16	on	on	ADP
fsr-3281	49	17	the	the	DET
fsr-3281	49	18	advent	advent	NOUN
fsr-3281	49	19	of	of	ADP
fsr-3281	49	20	cat	cat	NOUN
fsr-3281	49	21	bonds	bond	NOUN
fsr-3281	49	22	and	and	CCONJ
fsr-3281	49	23	their	their	PRON
fsr-3281	49	24	role	role	NOUN
fsr-3281	49	25	in	in	ADP
fsr-3281	49	26	reinsurance	reinsurance	NOUN
fsr-3281	49	27	from	from	ADP
fsr-3281	49	28	catastrophe	catastrophe	NOUN
fsr-3281	49	29	events	event	NOUN
fsr-3281	49	30	.	.	PUNCT
fsr-3281	50	1	hagendorff	hagendorff	PROPN
fsr-3281	50	2	et	et	PROPN
fsr-3281	50	3	al	al	PROPN
fsr-3281	50	4	.	.	PROPN
fsr-3281	50	5	,	,	PUNCT
fsr-3281	50	6	(	(	PUNCT
fsr-3281	50	7	2014	2014	NUM
fsr-3281	50	8	)	)	PUNCT
fsr-3281	50	9	investigate	investigate	VERB
fsr-3281	50	10	the	the	DET
fsr-3281	50	11	cat	cat	NOUN
fsr-3281	50	12	bond	bond	NOUN
fsr-3281	50	13	market	market	NOUN
fsr-3281	50	14	from	from	ADP
fsr-3281	50	15	the	the	DET
fsr-3281	50	16	utilization	utilization	NOUN
fsr-3281	50	17	side	side	NOUN
fsr-3281	50	18	.	.	PUNCT
fsr-3281	51	1	they	they	PRON
fsr-3281	51	2	conclude	conclude	VERB
fsr-3281	51	3	that	that	SCONJ
fsr-3281	51	4	utilizers	utilizer	NOUN
fsr-3281	51	5	of	of	ADP
fsr-3281	51	6	cat	cat	NOUN
fsr-3281	51	7	bonds	bond	NOUN
fsr-3281	51	8	are	be	AUX
fsr-3281	51	9	less	less	ADV
fsr-3281	51	10	likely	likely	ADJ
fsr-3281	51	11	to	to	PART
fsr-3281	51	12	exhibit	exhibit	VERB
fsr-3281	51	13	risky	risky	ADJ
fsr-3281	51	14	underwriting	underwriting	NOUN
fsr-3281	51	15	and	and	CCONJ
fsr-3281	51	16	thus	thus	ADV
fsr-3281	51	17	have	have	VERB
fsr-3281	51	18	easier	easy	ADJ
fsr-3281	51	19	access	access	NOUN
fsr-3281	51	20	to	to	ADP
fsr-3281	51	21	the	the	DET
fsr-3281	51	22	financial	financial	ADJ
fsr-3281	51	23	markets	market	NOUN
fsr-3281	51	24	(	(	PUNCT
fsr-3281	51	25	i.e.	i.e.	X
fsr-3281	51	26	,	,	PUNCT
fsr-3281	51	27	the	the	DET
fsr-3281	51	28	cat	cat	NOUN
fsr-3281	51	29	bond	bond	NOUN
fsr-3281	51	30	market	market	NOUN
fsr-3281	51	31	)	)	PUNCT
fsr-3281	51	32	;	;	PUNCT
fsr-3281	51	33	have	have	VERB
fsr-3281	51	34	more	more	ADV
fsr-3281	51	35	efficient	efficient	ADJ
fsr-3281	51	36	hedging	hedging	NOUN
fsr-3281	51	37	outcomes	outcome	NOUN
fsr-3281	51	38	;	;	PUNCT
fsr-3281	51	39	and	and	CCONJ
fsr-3281	51	40	because	because	SCONJ
fsr-3281	51	41	of	of	ADP
fsr-3281	51	42	this	this	DET
fsr-3281	51	43	easy	easy	ADJ
fsr-3281	51	44	access	access	NOUN
fsr-3281	51	45	may	may	AUX
fsr-3281	51	46	lead	lead	VERB
fsr-3281	51	47	to	to	ADP
fsr-3281	51	48	more	more	ADV
fsr-3281	51	49	risky	risky	ADJ
fsr-3281	51	50	behavior	behavior	NOUN
fsr-3281	51	51	in	in	ADP
fsr-3281	51	52	the	the	DET
fsr-3281	51	53	future	future	NOUN
fsr-3281	51	54	.	.	PUNCT
fsr-3281	52	1	they	they	PRON
fsr-3281	52	2	also	also	ADV
fsr-3281	52	3	show	show	VERB
fsr-3281	52	4	a	a	DET
fsr-3281	52	5	negative	negative	ADJ
fsr-3281	52	6	relationship	relationship	NOUN
fsr-3281	52	7	between	between	ADP
fsr-3281	52	8	cat	cat	NOUN
fsr-3281	52	9	bond	bond	NOUN
fsr-3281	52	10	issuance	issuance	NOUN
fsr-3281	52	11	and	and	CCONJ
fsr-3281	52	12	the	the	DET
fsr-3281	52	13	size	size	NOUN
fsr-3281	52	14	of	of	ADP
fsr-3281	52	15	underwriting	underwriting	NOUN
fsr-3281	52	16	losses	loss	NOUN
fsr-3281	52	17	.	.	PUNCT
fsr-3281	53	1	hagendorff	hagendorff	PROPN
fsr-3281	53	2	et	et	PROPN
fsr-3281	53	3	al	al	PROPN
fsr-3281	53	4	.	.	PROPN
fsr-3281	54	1	(	(	PUNCT
fsr-3281	54	2	2013	2013	NUM
fsr-3281	54	3	)	)	PUNCT
fsr-3281	54	4	takes	take	VERB
fsr-3281	54	5	a	a	DET
fsr-3281	54	6	different	different	ADJ
fsr-3281	54	7	track	track	NOUN
fsr-3281	54	8	focusing	focus	VERB
fsr-3281	54	9	on	on	ADP
fsr-3281	54	10	the	the	DET
fsr-3281	54	11	lack	lack	NOUN
fsr-3281	54	12	of	of	ADP
fsr-3281	54	13	wealth	wealth	NOUN
fsr-3281	54	14	effects	effect	NOUN
fsr-3281	54	15	to	to	ADP
fsr-3281	54	16	shareholders	shareholder	NOUN
fsr-3281	54	17	of	of	ADP
fsr-3281	54	18	the	the	DET
fsr-3281	54	19	issuing	issue	VERB
fsr-3281	54	20	firm	firm	NOUN
fsr-3281	54	21	as	as	ADP
fsr-3281	54	22	a	a	DET
fsr-3281	54	23	motive	motive	NOUN
fsr-3281	54	24	for	for	ADP
fsr-3281	54	25	participating	participate	VERB
fsr-3281	54	26	in	in	ADP
fsr-3281	54	27	the	the	DET
fsr-3281	54	28	cat	cat	NOUN
fsr-3281	54	29	bond	bond	NOUN
fsr-3281	54	30	market	market	NOUN
fsr-3281	54	31	.	.	PUNCT
fsr-3281	55	1	using	use	VERB
fsr-3281	55	2	data	datum	NOUN
fsr-3281	55	3	from	from	ADP
fsr-3281	55	4	1970	1970	NUM
fsr-3281	55	5	through	through	ADP
fsr-3281	55	6	1994	1994	NUM
fsr-3281	55	7	,	,	PUNCT
fsr-3281	55	8	froot	froot	NOUN
fsr-3281	55	9	and	and	CCONJ
fsr-3281	55	10	o’connell	o’connell	INTJ
fsr-3281	55	11	(	(	PUNCT
fsr-3281	55	12	2008	2008	NUM
fsr-3281	55	13	)	)	PUNCT
fsr-3281	55	14	uncover	uncover	NOUN
fsr-3281	55	15	overpricing	overpricing	NOUN
fsr-3281	55	16	within	within	ADP
fsr-3281	55	17	the	the	DET
fsr-3281	55	18	reinsurance	reinsurance	NOUN
fsr-3281	55	19	market	market	NOUN
fsr-3281	55	20	which	which	PRON
fsr-3281	55	21	contributed	contribute	VERB
fsr-3281	55	22	to	to	ADP
fsr-3281	55	23	the	the	DET
fsr-3281	55	24	advent	advent	NOUN
fsr-3281	55	25	of	of	ADP
fsr-3281	55	26	the	the	DET
fsr-3281	55	27	alternative	alternative	ADJ
fsr-3281	55	28	catastrophe	catastrophe	NOUN
fsr-3281	55	29	offsets	offset	NOUN
fsr-3281	55	30	such	such	ADJ
fsr-3281	55	31	as	as	ADP
fsr-3281	55	32	cat	cat	NOUN
fsr-3281	55	33	bonds	bond	NOUN
fsr-3281	55	34	.	.	PUNCT
fsr-3281	56	1	lakdawalla	lakdawalla	NOUN
fsr-3281	56	2	and	and	CCONJ
fsr-3281	56	3	zanjani	zanjani	PROPN
fsr-3281	56	4	(	(	PUNCT
fsr-3281	56	5	2012	2012	NUM
fsr-3281	56	6	)	)	PUNCT
fsr-3281	56	7	through	through	ADP
fsr-3281	56	8	simulation	simulation	NOUN
fsr-3281	56	9	illustrate	illustrate	VERB
fsr-3281	56	10	the	the	DET
fsr-3281	56	11	advantages	advantage	NOUN
fsr-3281	56	12	of	of	ADP
fsr-3281	56	13	cat	cat	NOUN
fsr-3281	56	14	bonds	bond	NOUN
fsr-3281	56	15	for	for	ADP
fsr-3281	56	16	improving	improve	VERB
fsr-3281	56	17	the	the	DET
fsr-3281	56	18	efficiency	efficiency	NOUN
fsr-3281	56	19	of	of	ADP
fsr-3281	56	20	offsetting	offset	VERB
fsr-3281	56	21	risks	risk	NOUN
fsr-3281	56	22	for	for	ADP
fsr-3281	56	23	insurance	insurance	NOUN
fsr-3281	56	24	firms	firm	NOUN
fsr-3281	56	25	within	within	ADP
fsr-3281	56	26	specific	specific	ADJ
fsr-3281	56	27	risk	risk	NOUN
fsr-3281	56	28	settings	setting	NOUN
fsr-3281	56	29	.	.	PUNCT
fsr-3281	57	1	thus	thus	ADV
fsr-3281	57	2	,	,	PUNCT
fsr-3281	57	3	most	most	ADJ
fsr-3281	57	4	of	of	ADP
fsr-3281	57	5	the	the	DET
fsr-3281	57	6	literature	literature	NOUN
fsr-3281	57	7	focuses	focus	VERB
fsr-3281	57	8	on	on	ADP
fsr-3281	57	9	the	the	DET
fsr-3281	57	10	advantages	advantage	NOUN
fsr-3281	57	11	of	of	ADP
fsr-3281	57	12	cat	cat	NOUN
fsr-3281	57	13	bonds	bond	NOUN
fsr-3281	57	14	from	from	ADP
fsr-3281	57	15	the	the	DET
fsr-3281	57	16	issuer	issuer	NOUN
fsr-3281	57	17	’s	’s	PART
fsr-3281	57	18	viewpoint	viewpoint	NOUN
fsr-3281	57	19	.	.	PUNCT
fsr-3281	58	1	little	little	ADJ
fsr-3281	58	2	work	work	NOUN
fsr-3281	58	3	has	have	AUX
fsr-3281	58	4	been	be	AUX
fsr-3281	58	5	done	do	VERB
fsr-3281	58	6	on	on	ADP
fsr-3281	58	7	the	the	DET
fsr-3281	58	8	actual	actual	ADJ
fsr-3281	58	9	returns	return	NOUN
fsr-3281	58	10	to	to	ADP
fsr-3281	58	11	investors	investor	NOUN
fsr-3281	58	12	within	within	ADP
fsr-3281	58	13	this	this	DET
fsr-3281	58	14	market	market	NOUN
fsr-3281	58	15	sector	sector	NOUN
fsr-3281	58	16	,	,	PUNCT
fsr-3281	58	17	which	which	PRON
fsr-3281	58	18	is	be	AUX
fsr-3281	58	19	one	one	NUM
fsr-3281	58	20	of	of	ADP
fsr-3281	58	21	this	this	DET
fsr-3281	58	22	article	article	NOUN
fsr-3281	58	23	’s	’s	PART
fsr-3281	58	24	contributions	contribution	NOUN
fsr-3281	58	25	.	.	PUNCT
fsr-3281	59	1	305r.j	305r.j	NOUN
fsr-3281	59	2	.	.	PUNCT
fsr-3281	60	1	kish	kish	PROPN
fsr-3281	60	2	/	/	SYM
fsr-3281	60	3	financial	financial	ADJ
fsr-3281	60	4	services	service	NOUN
fsr-3281	60	5	review	review	VERB
fsr-3281	60	6	25	25	NUM
fsr-3281	60	7	(	(	PUNCT
fsr-3281	60	8	2016	2016	NUM
fsr-3281	60	9	)	)	PUNCT
fsr-3281	61	1	303–329	303–329	NUM
fsr-3281	61	2	3	3	NUM
fsr-3281	61	3	.	.	PUNCT
fsr-3281	62	1	what	what	PRON
fsr-3281	62	2	is	be	AUX
fsr-3281	62	3	a	a	DET
fsr-3281	62	4	cat	cat	NOUN
fsr-3281	62	5	bond	bond	NOUN
fsr-3281	62	6	?	?	PUNCT
fsr-3281	63	1	to	to	PART
fsr-3281	63	2	understand	understand	VERB
fsr-3281	63	3	the	the	DET
fsr-3281	63	4	role	role	NOUN
fsr-3281	63	5	of	of	ADP
fsr-3281	63	6	cat	cat	NOUN
fsr-3281	63	7	bonds	bond	NOUN
fsr-3281	63	8	as	as	ADP
fsr-3281	63	9	an	an	DET
fsr-3281	63	10	investment	investment	NOUN
fsr-3281	63	11	option	option	NOUN
fsr-3281	63	12	,	,	PUNCT
fsr-3281	63	13	one	one	PRON
fsr-3281	63	14	must	must	AUX
fsr-3281	63	15	first	first	ADV
fsr-3281	63	16	understand	understand	VERB
fsr-3281	63	17	what	what	PRON
fsr-3281	63	18	a	a	DET
fsr-3281	63	19	cat	cat	NOUN
fsr-3281	63	20	bond	bond	NOUN
fsr-3281	63	21	is	be	AUX
fsr-3281	63	22	.	.	PUNCT
fsr-3281	64	1	a	a	DET
fsr-3281	64	2	catastrophe	catastrophe	NOUN
fsr-3281	64	3	-	-	PUNCT
fsr-3281	64	4	link	link	NOUN
fsr-3281	64	5	(	(	PUNCT
fsr-3281	64	6	cat	cat	NOUN
fsr-3281	64	7	)	)	PUNCT
fsr-3281	64	8	bond	bond	NOUN
fsr-3281	64	9	is	be	AUX
fsr-3281	64	10	a	a	DET
fsr-3281	64	11	debt	debt	NOUN
fsr-3281	64	12	obligation	obligation	NOUN
fsr-3281	64	13	in	in	ADP
fsr-3281	64	14	which	which	PRON
fsr-3281	64	15	the	the	DET
fsr-3281	64	16	interest	interest	NOUN
fsr-3281	64	17	(	(	PUNCT
fsr-3281	64	18	coupon	coupon	NOUN
fsr-3281	64	19	payments	payment	NOUN
fsr-3281	64	20	)	)	PUNCT
fsr-3281	64	21	and	and	CCONJ
fsr-3281	64	22	the	the	DET
fsr-3281	64	23	return	return	NOUN
fsr-3281	64	24	of	of	ADP
fsr-3281	64	25	principal	principal	NOUN
fsr-3281	64	26	are	be	AUX
fsr-3281	64	27	tied	tie	VERB
fsr-3281	64	28	to	to	ADP
fsr-3281	64	29	the	the	DET
fsr-3281	64	30	payoff	payoff	NOUN
fsr-3281	64	31	requirements	requirement	NOUN
fsr-3281	64	32	of	of	ADP
fsr-3281	64	33	an	an	DET
fsr-3281	64	34	insurance	insurance	NOUN
fsr-3281	64	35	company.4	company.4	ADP
fsr-3281	64	36	another	another	DET
fsr-3281	64	37	common	common	ADJ
fsr-3281	64	38	name	name	NOUN
fsr-3281	64	39	for	for	ADP
fsr-3281	64	40	cat	cat	NOUN
fsr-3281	64	41	bonds	bond	NOUN
fsr-3281	64	42	associated	associate	VERB
fsr-3281	64	43	with	with	ADP
fsr-3281	64	44	natural	natural	ADJ
fsr-3281	64	45	disasters	disaster	NOUN
fsr-3281	64	46	are	be	AUX
fsr-3281	64	47	“	"	PUNCT
fsr-3281	64	48	act	act	NOUN
fsr-3281	64	49	of	of	ADP
fsr-3281	64	50	god	god	PROPN
fsr-3281	64	51	”	"	PUNCT
fsr-3281	64	52	bonds	bond	NOUN
fsr-3281	64	53	because	because	SCONJ
fsr-3281	64	54	their	their	PRON
fsr-3281	64	55	payoff	payoff	NOUN
fsr-3281	64	56	is	be	AUX
fsr-3281	64	57	reduced	reduce	VERB
fsr-3281	64	58	or	or	CCONJ
fsr-3281	64	59	eliminated	eliminate	VERB
fsr-3281	64	60	if	if	SCONJ
fsr-3281	64	61	an	an	DET
fsr-3281	64	62	“	"	PUNCT
fsr-3281	64	63	act	act	NOUN
fsr-3281	64	64	of	of	ADP
fsr-3281	64	65	god	god	PROPN
fsr-3281	64	66	”	"	PUNCT
fsr-3281	64	67	occurs	occur	VERB
fsr-3281	64	68	.	.	PUNCT
fsr-3281	65	1	but	but	CCONJ
fsr-3281	65	2	catastrophes	catastrophe	NOUN
fsr-3281	65	3	can	can	AUX
fsr-3281	65	4	also	also	ADV
fsr-3281	65	5	be	be	AUX
fsr-3281	65	6	man	man	NOUN
fsr-3281	65	7	-	-	PUNCT
fsr-3281	65	8	made	make	VERB
fsr-3281	65	9	,	,	PUNCT
fsr-3281	65	10	such	such	ADJ
fsr-3281	65	11	as	as	ADP
fsr-3281	65	12	the	the	DET
fsr-3281	65	13	9/11	9/11	NUM
fsr-3281	65	14	terrorist	terrorist	NOUN
fsr-3281	65	15	attract	attract	NOUN
fsr-3281	65	16	on	on	ADP
fsr-3281	65	17	the	the	DET
fsr-3281	65	18	world	world	NOUN
fsr-3281	65	19	trade	trade	NOUN
fsr-3281	65	20	towers	tower	NOUN
fsr-3281	65	21	in	in	ADP
fsr-3281	65	22	new	new	PROPN
fsr-3281	65	23	york	york	PROPN
fsr-3281	65	24	city	city	PROPN
fsr-3281	65	25	,	,	PUNCT
fsr-3281	65	26	which	which	PRON
fsr-3281	65	27	was	be	AUX
fsr-3281	65	28	the	the	DET
fsr-3281	65	29	most	most	ADV
fsr-3281	65	30	costly	costly	ADJ
fsr-3281	65	31	man	man	NOUN
fsr-3281	65	32	-	-	PUNCT
fsr-3281	65	33	made	make	VERB
fsr-3281	65	34	catastrophe	catastrophe	NOUN
fsr-3281	65	35	in	in	ADP
fsr-3281	65	36	the	the	DET
fsr-3281	65	37	united	united	PROPN
fsr-3281	65	38	states	states	PROPN
fsr-3281	65	39	with	with	ADP
fsr-3281	65	40	insured	insured	ADJ
fsr-3281	65	41	losses	loss	NOUN
fsr-3281	65	42	of	of	ADP
fsr-3281	65	43	$	$	SYM
fsr-3281	65	44	32.5	32.5	NUM
fsr-3281	65	45	billion.5	billion.5	NOUN
fsr-3281	65	46	similar	similar	ADJ
fsr-3281	65	47	to	to	ADP
fsr-3281	65	48	reinsurance	reinsurance	NOUN
fsr-3281	65	49	,	,	PUNCT
fsr-3281	65	50	cat	cat	NOUN
fsr-3281	65	51	bonds	bond	NOUN
fsr-3281	65	52	offer	offer	VERB
fsr-3281	65	53	protection	protection	NOUN
fsr-3281	65	54	to	to	ADP
fsr-3281	65	55	the	the	DET
fsr-3281	65	56	insurance	insurance	NOUN
fsr-3281	65	57	firm	firm	NOUN
fsr-3281	65	58	against	against	ADP
fsr-3281	65	59	the	the	DET
fsr-3281	65	60	extremes	extreme	NOUN
fsr-3281	65	61	,	,	PUNCT
fsr-3281	65	62	that	that	ADV
fsr-3281	65	63	is	is	ADV
fsr-3281	65	64	,	,	PUNCT
fsr-3281	65	65	covered	cover	VERB
fsr-3281	65	66	losses	loss	NOUN
fsr-3281	65	67	above	above	ADP
fsr-3281	65	68	a	a	DET
fsr-3281	65	69	certain	certain	ADJ
fsr-3281	65	70	manageable	manageable	ADJ
fsr-3281	65	71	threshold	threshold	NOUN
fsr-3281	65	72	.	.	PUNCT
fsr-3281	66	1	for	for	ADP
fsr-3281	66	2	example	example	NOUN
fsr-3281	66	3	,	,	PUNCT
fsr-3281	66	4	an	an	DET
fsr-3281	66	5	insurance	insurance	NOUN
fsr-3281	66	6	company	company	NOUN
fsr-3281	66	7	could	could	AUX
fsr-3281	66	8	issue	issue	VERB
fsr-3281	66	9	a	a	DET
fsr-3281	66	10	series	series	NOUN
fsr-3281	66	11	of	of	ADP
fsr-3281	66	12	bonds	bond	NOUN
fsr-3281	66	13	in	in	ADP
fsr-3281	66	14	which	which	PRON
fsr-3281	66	15	the	the	DET
fsr-3281	66	16	payoff	payoff	NOUN
fsr-3281	66	17	is	be	AUX
fsr-3281	66	18	tied	tie	VERB
fsr-3281	66	19	to	to	ADP
fsr-3281	66	20	the	the	DET
fsr-3281	66	21	payout	payout	NOUN
fsr-3281	66	22	of	of	ADP
fsr-3281	66	23	claims	claim	NOUN
fsr-3281	66	24	occurring	occur	VERB
fsr-3281	66	25	from	from	ADP
fsr-3281	66	26	a	a	DET
fsr-3281	66	27	natural	natural	ADJ
fsr-3281	66	28	disaster	disaster	NOUN
fsr-3281	66	29	,	,	PUNCT
fsr-3281	66	30	such	such	ADJ
fsr-3281	66	31	as	as	ADP
fsr-3281	66	32	a	a	DET
fsr-3281	66	33	hurricane	hurricane	NOUN
fsr-3281	66	34	.	.	PUNCT
fsr-3281	67	1	the	the	DET
fsr-3281	67	2	bonds	bond	NOUN
fsr-3281	67	3	offer	offer	VERB
fsr-3281	67	4	a	a	DET
fsr-3281	67	5	two	two	NUM
fsr-3281	67	6	-	-	PUNCT
fsr-3281	67	7	sided	sided	ADJ
fsr-3281	67	8	bet	bet	NOUN
fsr-3281	67	9	.	.	PUNCT
fsr-3281	68	1	the	the	DET
fsr-3281	68	2	bondholders	bondholder	NOUN
fsr-3281	68	3	are	be	AUX
fsr-3281	68	4	betting	bet	VERB
fsr-3281	68	5	that	that	SCONJ
fsr-3281	68	6	if	if	SCONJ
fsr-3281	68	7	a	a	DET
fsr-3281	68	8	hurricane	hurricane	NOUN
fsr-3281	68	9	occurs	occur	VERB
fsr-3281	68	10	,	,	PUNCT
fsr-3281	68	11	the	the	DET
fsr-3281	68	12	insurance	insurance	NOUN
fsr-3281	68	13	payout	payout	NOUN
fsr-3281	68	14	will	will	AUX
fsr-3281	68	15	be	be	AUX
fsr-3281	68	16	below	below	ADP
fsr-3281	68	17	the	the	DET
fsr-3281	68	18	threshold	threshold	NOUN
fsr-3281	68	19	established	establish	VERB
fsr-3281	68	20	in	in	ADP
fsr-3281	68	21	the	the	DET
fsr-3281	68	22	bond	bond	NOUN
fsr-3281	68	23	’s	’s	PART
fsr-3281	68	24	covenants	covenant	NOUN
fsr-3281	68	25	.	.	PUNCT
fsr-3281	69	1	if	if	SCONJ
fsr-3281	69	2	the	the	DET
fsr-3281	69	3	payouts	payout	NOUN
fsr-3281	69	4	are	be	AUX
fsr-3281	69	5	below	below	ADP
fsr-3281	69	6	the	the	DET
fsr-3281	69	7	thresholds	threshold	NOUN
fsr-3281	69	8	established	establish	VERB
fsr-3281	69	9	,	,	PUNCT
fsr-3281	69	10	the	the	DET
fsr-3281	69	11	bondholders	bondholder	NOUN
fsr-3281	69	12	will	will	AUX
fsr-3281	69	13	continue	continue	VERB
fsr-3281	69	14	to	to	PART
fsr-3281	69	15	receive	receive	VERB
fsr-3281	69	16	their	their	PRON
fsr-3281	69	17	periodic	periodic	ADJ
fsr-3281	69	18	coupon	coupon	NOUN
fsr-3281	69	19	payments	payment	NOUN
fsr-3281	69	20	and	and	CCONJ
fsr-3281	69	21	the	the	DET
fsr-3281	69	22	return	return	NOUN
fsr-3281	69	23	of	of	ADP
fsr-3281	69	24	their	their	PRON
fsr-3281	69	25	principal	principal	NOUN
fsr-3281	69	26	at	at	ADP
fsr-3281	69	27	maturity	maturity	NOUN
fsr-3281	69	28	.	.	PUNCT
fsr-3281	70	1	if	if	SCONJ
fsr-3281	70	2	on	on	ADP
fsr-3281	70	3	the	the	DET
fsr-3281	70	4	other	other	ADJ
fsr-3281	70	5	hand	hand	NOUN
fsr-3281	70	6	,	,	PUNCT
fsr-3281	70	7	the	the	DET
fsr-3281	70	8	insurance	insurance	NOUN
fsr-3281	70	9	payouts	payout	NOUN
fsr-3281	70	10	are	be	AUX
fsr-3281	70	11	above	above	ADP
fsr-3281	70	12	the	the	DET
fsr-3281	70	13	established	establish	VERB
fsr-3281	70	14	thresholds	threshold	NOUN
fsr-3281	70	15	,	,	PUNCT
fsr-3281	70	16	coupon	coupon	NOUN
fsr-3281	70	17	and	and	CCONJ
fsr-3281	70	18	principal	principal	NOUN
fsr-3281	70	19	will	will	AUX
fsr-3281	70	20	be	be	AUX
fsr-3281	70	21	reduced	reduce	VERB
fsr-3281	70	22	or	or	CCONJ
fsr-3281	70	23	eliminated	eliminate	VERB
fsr-3281	70	24	to	to	PART
fsr-3281	70	25	pay	pay	VERB
fsr-3281	70	26	these	these	DET
fsr-3281	70	27	claims	claim	NOUN
fsr-3281	70	28	.	.	PUNCT
fsr-3281	71	1	thus	thus	ADV
fsr-3281	71	2	,	,	PUNCT
fsr-3281	71	3	the	the	DET
fsr-3281	71	4	risks	risk	NOUN
fsr-3281	71	5	of	of	ADP
fsr-3281	71	6	huge	huge	ADJ
fsr-3281	71	7	losses	loss	NOUN
fsr-3281	71	8	to	to	ADP
fsr-3281	71	9	the	the	DET
fsr-3281	71	10	insurance	insurance	NOUN
fsr-3281	71	11	firms	firm	NOUN
fsr-3281	71	12	are	be	AUX
fsr-3281	71	13	transferred	transfer	VERB
fsr-3281	71	14	to	to	ADP
fsr-3281	71	15	the	the	DET
fsr-3281	71	16	bondholders	bondholder	NOUN
fsr-3281	71	17	.	.	PUNCT
fsr-3281	72	1	3.1	3.1	NUM
fsr-3281	72	2	.	.	PUNCT
fsr-3281	73	1	the	the	DET
fsr-3281	73	2	current	current	ADJ
fsr-3281	73	3	and	and	CCONJ
fsr-3281	73	4	historical	historical	ADJ
fsr-3281	73	5	state	state	NOUN
fsr-3281	73	6	of	of	ADP
fsr-3281	73	7	the	the	DET
fsr-3281	73	8	cat	cat	NOUN
fsr-3281	73	9	bond	bond	NOUN
fsr-3281	73	10	market	market	NOUN
fsr-3281	73	11	cat	cat	NOUN
fsr-3281	73	12	bonds	bond	NOUN
fsr-3281	73	13	are	be	AUX
fsr-3281	73	14	a	a	DET
fsr-3281	73	15	relatively	relatively	ADV
fsr-3281	73	16	new	new	ADJ
fsr-3281	73	17	investment	investment	NOUN
fsr-3281	73	18	vehicle	vehicle	NOUN
fsr-3281	73	19	.	.	PUNCT
fsr-3281	74	1	they	they	PRON
fsr-3281	74	2	were	be	AUX
fsr-3281	74	3	first	first	ADV
fsr-3281	74	4	issued	issue	VERB
fsr-3281	74	5	in	in	ADP
fsr-3281	74	6	the	the	DET
fsr-3281	74	7	mid-1990s	mid-1990	NOUN
fsr-3281	74	8	and	and	CCONJ
fsr-3281	74	9	reached	reach	VERB
fsr-3281	74	10	record	record	NOUN
fsr-3281	74	11	levels	level	NOUN
fsr-3281	74	12	in	in	ADP
fsr-3281	74	13	2015.6	2015.6	NUM
fsr-3281	74	14	at	at	ADP
fsr-3281	74	15	the	the	DET
fsr-3281	74	16	end	end	NOUN
fsr-3281	74	17	of	of	ADP
fsr-3281	74	18	2015	2015	NUM
fsr-3281	74	19	,	,	PUNCT
fsr-3281	74	20	bloomberg	bloomberg	PROPN
fsr-3281	74	21	reported	report	VERB
fsr-3281	74	22	189	189	NUM
fsr-3281	74	23	active	active	ADJ
fsr-3281	74	24	cat	cat	NOUN
fsr-3281	74	25	bonds	bond	NOUN
fsr-3281	74	26	that	that	PRON
fsr-3281	74	27	were	be	AUX
fsr-3281	74	28	issued	issue	VERB
fsr-3281	74	29	from	from	ADP
fsr-3281	74	30	insurance	insurance	NOUN
fsr-3281	74	31	companies	company	NOUN
fsr-3281	74	32	within	within	ADP
fsr-3281	74	33	three	three	NUM
fsr-3281	74	34	countries	country	NOUN
fsr-3281	74	35	:	:	PUNCT
fsr-3281	74	36	bermuda	bermuda	NOUN
fsr-3281	74	37	(	(	PUNCT
fsr-3281	74	38	132	132	NUM
fsr-3281	74	39	issues	issue	NOUN
fsr-3281	74	40	;	;	PUNCT
fsr-3281	74	41	69.8	69.8	NUM
fsr-3281	74	42	%	%	NOUN
fsr-3281	74	43	)	)	PUNCT
fsr-3281	74	44	,	,	PUNCT
fsr-3281	74	45	cayman	cayman	NOUN
fsr-3281	74	46	island	island	NOUN
fsr-3281	74	47	(	(	PUNCT
fsr-3281	74	48	43	43	NUM
fsr-3281	74	49	issues	issue	NOUN
fsr-3281	74	50	;	;	PUNCT
fsr-3281	74	51	22.8	22.8	NUM
fsr-3281	74	52	%	%	NOUN
fsr-3281	74	53	)	)	PUNCT
fsr-3281	74	54	,	,	PUNCT
fsr-3281	74	55	and	and	CCONJ
fsr-3281	74	56	ireland	ireland	NOUN
fsr-3281	74	57	(	(	PUNCT
fsr-3281	74	58	13	13	NUM
fsr-3281	74	59	issues	issue	NOUN
fsr-3281	74	60	;	;	PUNCT
fsr-3281	74	61	6.9	6.9	NUM
fsr-3281	74	62	%	%	NOUN
fsr-3281	74	63	)	)	PUNCT
fsr-3281	74	64	.	.	PUNCT
fsr-3281	75	1	the	the	DET
fsr-3281	75	2	remaining	remain	VERB
fsr-3281	75	3	bond	bond	NOUN
fsr-3281	75	4	was	be	AUX
fsr-3281	75	5	issued	issue	VERB
fsr-3281	75	6	through	through	ADP
fsr-3281	75	7	a	a	DET
fsr-3281	75	8	supra	supra	PROPN
fsr-3281	75	9	national	national	ADJ
fsr-3281	75	10	(	(	PUNCT
fsr-3281	75	11	snat).7	snat).7	ADJ
fsr-3281	75	12	the	the	DET
fsr-3281	75	13	majority	majority	NOUN
fsr-3281	75	14	of	of	ADP
fsr-3281	75	15	issues	issue	NOUN
fsr-3281	75	16	were	be	AUX
fsr-3281	75	17	denominated	denominate	VERB
fsr-3281	75	18	in	in	ADP
fsr-3281	75	19	u.s	u.s	PROPN
fsr-3281	75	20	.	.	PROPN
fsr-3281	75	21	dollars	dollar	NOUN
fsr-3281	75	22	(	(	PUNCT
fsr-3281	75	23	172	172	NUM
fsr-3281	75	24	issues	issue	NOUN
fsr-3281	75	25	;	;	PUNCT
fsr-3281	75	26	90.29	90.29	NUM
fsr-3281	75	27	%	%	NOUN
fsr-3281	75	28	;	;	PUNCT
fsr-3281	75	29	$	$	SYM
fsr-3281	75	30	24,007	24,007	NUM
fsr-3281	75	31	mm	mm	NOUN
fsr-3281	75	32	)	)	PUNCT
fsr-3281	75	33	,	,	PUNCT
fsr-3281	75	34	followed	follow	VERB
fsr-3281	75	35	by	by	ADP
fsr-3281	75	36	euros	euro	NOUN
fsr-3281	75	37	(	(	PUNCT
fsr-3281	75	38	12	12	NUM
fsr-3281	75	39	issues	issue	NOUN
fsr-3281	75	40	;	;	PUNCT
fsr-3281	75	41	7.72	7.72	NUM
fsr-3281	75	42	%	%	NOUN
fsr-3281	75	43	;	;	PUNCT
fsr-3281	75	44	2,053mm€	2,053mm€	NUM
fsr-3281	75	45	)	)	PUNCT
fsr-3281	75	46	,	,	PUNCT
fsr-3281	75	47	japanese	japanese	ADJ
fsr-3281	75	48	yen	yen	NOUN
fsr-3281	75	49	(	(	PUNCT
fsr-3281	75	50	four	four	NUM
fsr-3281	75	51	issues	issue	NOUN
fsr-3281	75	52	;	;	PUNCT
fsr-3281	75	53	1.72	1.72	NUM
fsr-3281	75	54	%	%	NOUN
fsr-3281	75	55	;	;	PUNCT
fsr-3281	75	56	457mm¥	457mm¥	NUM
fsr-3281	75	57	)	)	PUNCT
fsr-3281	75	58	,	,	PUNCT
fsr-3281	75	59	and	and	CCONJ
fsr-3281	75	60	swiss	swiss	ADJ
fsr-3281	75	61	franc	franc	NOUN
fsr-3281	75	62	(	(	PUNCT
fsr-3281	75	63	one	one	NUM
fsr-3281	75	64	issue	issue	NOUN
fsr-3281	75	65	;	;	PUNCT
fsr-3281	75	66	0.07	0.07	NUM
fsr-3281	75	67	%	%	NOUN
fsr-3281	75	68	;	;	PUNCT
fsr-3281	75	69	71mm¥	71mm¥	NUM
fsr-3281	75	70	)	)	PUNCT
fsr-3281	75	71	.	.	PUNCT
fsr-3281	76	1	there	there	PRON
fsr-3281	76	2	were	be	VERB
fsr-3281	76	3	only	only	ADV
fsr-3281	76	4	three	three	NUM
fsr-3281	76	5	bonds	bond	NOUN
fsr-3281	76	6	with	with	ADP
fsr-3281	76	7	fixed	fix	VERB
fsr-3281	76	8	coupons	coupon	NOUN
fsr-3281	76	9	(	(	PUNCT
fsr-3281	76	10	with	with	ADP
fsr-3281	76	11	an	an	DET
fsr-3281	76	12	average	average	ADJ
fsr-3281	76	13	coupon	coupon	NOUN
fsr-3281	76	14	of	of	ADP
fsr-3281	76	15	3.73	3.73	NUM
fsr-3281	76	16	%	%	NOUN
fsr-3281	76	17	)	)	PUNCT
fsr-3281	76	18	,	,	PUNCT
fsr-3281	76	19	54	54	NUM
fsr-3281	76	20	zero	zero	NUM
fsr-3281	76	21	coupon	coupon	NOUN
fsr-3281	76	22	bonds	bond	NOUN
fsr-3281	76	23	,	,	PUNCT
fsr-3281	76	24	and	and	CCONJ
fsr-3281	76	25	132	132	NUM
fsr-3281	76	26	bonds	bond	NOUN
fsr-3281	76	27	with	with	ADP
fsr-3281	76	28	floating	float	VERB
fsr-3281	76	29	rates	rate	NOUN
fsr-3281	76	30	.	.	PUNCT
fsr-3281	77	1	the	the	DET
fsr-3281	77	2	average	average	ADJ
fsr-3281	77	3	floating	float	VERB
fsr-3281	77	4	rate	rate	NOUN
fsr-3281	77	5	coupon	coupon	NOUN
fsr-3281	77	6	was	be	AUX
fsr-3281	77	7	4.5	4.5	NUM
fsr-3281	77	8	%	%	NOUN
fsr-3281	77	9	.	.	PUNCT
fsr-3281	78	1	the	the	DET
fsr-3281	78	2	adjustments	adjustment	NOUN
fsr-3281	78	3	for	for	ADP
fsr-3281	78	4	the	the	DET
fsr-3281	78	5	floating	float	VERB
fsr-3281	78	6	rate	rate	NOUN
fsr-3281	78	7	debt	debt	NOUN
fsr-3281	78	8	were	be	AUX
fsr-3281	78	9	constructed	construct	VERB
fsr-3281	78	10	on	on	ADP
fsr-3281	78	11	a	a	DET
fsr-3281	78	12	base	base	NOUN
fsr-3281	78	13	three	three	NUM
fsr-3281	78	14	month	month	NOUN
fsr-3281	78	15	rate	rate	NOUN
fsr-3281	78	16	(	(	PUNCT
fsr-3281	78	17	euribor	euribor	PROPN
fsr-3281	78	18	—	—	PUNCT
fsr-3281	78	19	nine	nine	NUM
fsr-3281	78	20	issues	issue	NOUN
fsr-3281	78	21	;	;	PUNCT
fsr-3281	78	22	libor—11	libor—11	NOUN
fsr-3281	78	23	issues	issue	NOUN
fsr-3281	78	24	;	;	PUNCT
fsr-3281	78	25	and	and	CCONJ
fsr-3281	78	26	treasury	treasury	PROPN
fsr-3281	78	27	bills—112	bills—112	PROPN
fsr-3281	78	28	issues	issue	NOUN
fsr-3281	78	29	)	)	PUNCT
fsr-3281	78	30	plus	plus	CCONJ
fsr-3281	78	31	a	a	DET
fsr-3281	78	32	premium	premium	NOUN
fsr-3281	78	33	.	.	PUNCT
fsr-3281	79	1	the	the	DET
fsr-3281	79	2	average	average	ADJ
fsr-3281	79	3	premium	premium	NOUN
fsr-3281	79	4	was	be	AUX
fsr-3281	79	5	575	575	NUM
fsr-3281	79	6	basis	basis	NOUN
fsr-3281	79	7	points	point	NOUN
fsr-3281	79	8	(	(	PUNCT
fsr-3281	79	9	euribor—299	euribor—299	NOUN
fsr-3281	79	10	bps	bps	PROPN
fsr-3281	79	11	;	;	PUNCT
fsr-3281	79	12	libor—562	libor—562	X
fsr-3281	79	13	bps	bps	NOUN
fsr-3281	79	14	;	;	PUNCT
fsr-3281	79	15	and	and	CCONJ
fsr-3281	79	16	treasury	treasury	NOUN
fsr-3281	79	17	bills—611	bills—611	PROPN
fsr-3281	79	18	bps	bps	NOUN
fsr-3281	79	19	)	)	PUNCT
fsr-3281	79	20	.	.	PUNCT
fsr-3281	80	1	the	the	DET
fsr-3281	80	2	average	average	ADJ
fsr-3281	80	3	maturity	maturity	NOUN
fsr-3281	80	4	was	be	AUX
fsr-3281	80	5	3.5	3.5	NUM
fsr-3281	80	6	years	year	NOUN
fsr-3281	80	7	with	with	ADP
fsr-3281	80	8	68	68	NUM
fsr-3281	80	9	bonds	bond	NOUN
fsr-3281	80	10	also	also	ADV
fsr-3281	80	11	including	include	VERB
fsr-3281	80	12	an	an	DET
fsr-3281	80	13	extension	extension	NOUN
fsr-3281	80	14	option	option	NOUN
fsr-3281	80	15	averaging	average	VERB
fsr-3281	80	16	two	two	NUM
fsr-3281	80	17	additional	additional	ADJ
fsr-3281	80	18	years	year	NOUN
fsr-3281	80	19	.	.	PUNCT
fsr-3281	81	1	the	the	DET
fsr-3281	81	2	average	average	ADJ
fsr-3281	81	3	size	size	NOUN
fsr-3281	81	4	of	of	ADP
fsr-3281	81	5	an	an	DET
fsr-3281	81	6	issue	issue	NOUN
fsr-3281	81	7	denominated	denominate	VERB
fsr-3281	81	8	in	in	ADP
fsr-3281	81	9	euros	euro	NOUN
fsr-3281	81	10	was	be	AUX
fsr-3281	81	11	135	135	NUM
fsr-3281	81	12	million	million	NUM
fsr-3281	81	13	;	;	PUNCT
fsr-3281	81	14	in	in	ADP
fsr-3281	81	15	yen	yen	NOUN
fsr-3281	81	16	was	be	AUX
fsr-3281	81	17	13,284	13,284	NUM
fsr-3281	81	18	million	million	NUM
fsr-3281	81	19	;	;	PUNCT
fsr-3281	81	20	and	and	CCONJ
fsr-3281	81	21	in	in	ADP
fsr-3281	81	22	u.s	u.s	PROPN
fsr-3281	81	23	.	.	PROPN
fsr-3281	81	24	dollars	dollar	NOUN
fsr-3281	81	25	was	be	AUX
fsr-3281	81	26	141	141	NUM
fsr-3281	81	27	million	million	NUM
fsr-3281	81	28	.	.	PUNCT
fsr-3281	82	1	the	the	DET
fsr-3281	82	2	top	top	ADJ
fsr-3281	82	3	five	five	NUM
fsr-3281	82	4	managing	manage	VERB
fsr-3281	82	5	firms	firm	NOUN
fsr-3281	82	6	held	hold	VERB
fsr-3281	82	7	close	close	ADV
fsr-3281	82	8	to	to	ADP
fsr-3281	82	9	70	70	NUM
fsr-3281	82	10	%	%	NOUN
fsr-3281	82	11	of	of	ADP
fsr-3281	82	12	the	the	DET
fsr-3281	82	13	securities	security	NOUN
fsr-3281	82	14	outstanding.8	outstanding.8	PRON
fsr-3281	82	15	several	several	ADJ
fsr-3281	82	16	firms	firm	NOUN
fsr-3281	82	17	were	be	AUX
fsr-3281	82	18	multiple	multiple	ADJ
fsr-3281	82	19	issuers	issuer	NOUN
fsr-3281	82	20	including	include	VERB
fsr-3281	82	21	the	the	DET
fsr-3281	82	22	following	follow	VERB
fsr-3281	82	23	seven	seven	NUM
fsr-3281	82	24	firms	firm	NOUN
fsr-3281	82	25	(	(	PUNCT
fsr-3281	82	26	#	#	NOUN
fsr-3281	82	27	issues	issue	NOUN
fsr-3281	82	28	:	:	PUNCT
fsr-3281	82	29	ticker	ticker	NOUN
fsr-3281	82	30	)	)	PUNCT
fsr-3281	82	31	with	with	ADP
fsr-3281	82	32	six	six	NUM
fsr-3281	82	33	or	or	CCONJ
fsr-3281	82	34	more	more	ADJ
fsr-3281	82	35	issues	issue	NOUN
fsr-3281	82	36	:	:	PUNCT
fsr-3281	82	37	sector	sector	NOUN
fsr-3281	82	38	re	re	ADP
fsr-3281	82	39	(	(	PUNCT
fsr-3281	82	40	24	24	NUM
fsr-3281	82	41	:	:	PUNCT
fsr-3281	82	42	sector	sector	NOUN
fsr-3281	82	43	)	)	PUNCT
fsr-3281	82	44	,	,	PUNCT
fsr-3281	82	45	residential	residential	ADJ
fsr-3281	82	46	re	re	X
fsr-3281	82	47	(	(	PUNCT
fsr-3281	82	48	17	17	NUM
fsr-3281	82	49	:	:	PUNCT
fsr-3281	82	50	resid	resid	NOUN
fsr-3281	82	51	)	)	PUNCT
fsr-3281	82	52	,	,	PUNCT
fsr-3281	82	53	kane	kane	PROPN
fsr-3281	82	54	sac	sac	NOUN
fsr-3281	82	55	(	(	PUNCT
fsr-3281	82	56	10	10	NUM
fsr-3281	82	57	:	:	PUNCT
fsr-3281	82	58	kanesl	kanesl	PROPN
fsr-3281	82	59	)	)	PUNCT
fsr-3281	82	60	,	,	PUNCT
fsr-3281	82	61	market	market	NOUN
fsr-3281	82	62	re	re	ADP
fsr-3281	82	63	(	(	PUNCT
fsr-3281	82	64	seven	seven	NUM
fsr-3281	82	65	:	:	PUNCT
fsr-3281	82	66	markre	markre	ADJ
fsr-3281	82	67	)	)	PUNCT
fsr-3281	82	68	,	,	PUNCT
fsr-3281	82	69	sanders	sanders	PROPN
fsr-3281	82	70	re	re	X
fsr-3281	82	71	(	(	PUNCT
fsr-3281	82	72	six	six	NUM
fsr-3281	82	73	:	:	PUNCT
fsr-3281	82	74	sandre	sandre	NOUN
fsr-3281	82	75	)	)	PUNCT
fsr-3281	82	76	,	,	PUNCT
fsr-3281	82	77	tradewinds	tradewind	NOUN
fsr-3281	82	78	re	re	VERB
fsr-3281	82	79	(	(	PUNCT
fsr-3281	82	80	six	six	NUM
fsr-3281	82	81	:	:	PUNCT
fsr-3281	82	82	trdwyn	trdwyn	NOUN
fsr-3281	82	83	)	)	PUNCT
fsr-3281	82	84	,	,	PUNCT
fsr-3281	82	85	and	and	CCONJ
fsr-3281	82	86	vitality	vitality	NOUN
fsr-3281	82	87	re	re	X
fsr-3281	82	88	(	(	PUNCT
fsr-3281	82	89	six	six	NUM
fsr-3281	82	90	:	:	PUNCT
fsr-3281	82	91	vitali	vitali	PROPN
fsr-3281	82	92	)	)	PUNCT
fsr-3281	82	93	.	.	PUNCT
fsr-3281	83	1	306	306	NUM
fsr-3281	83	2	r.j	r.j	PROPN
fsr-3281	83	3	.	.	PROPN
fsr-3281	83	4	kish	kish	PROPN
fsr-3281	83	5	/	/	SYM
fsr-3281	83	6	financial	financial	ADJ
fsr-3281	83	7	services	service	NOUN
fsr-3281	83	8	review	review	VERB
fsr-3281	83	9	25	25	NUM
fsr-3281	83	10	(	(	PUNCT
fsr-3281	83	11	2016	2016	NUM
fsr-3281	83	12	)	)	PUNCT
fsr-3281	84	1	303–329	303–329	NUM
fsr-3281	84	2	a	a	DET
fsr-3281	84	3	summary	summary	NOUN
fsr-3281	84	4	of	of	ADP
fsr-3281	84	5	amounts	amount	NOUN
fsr-3281	84	6	issued	issue	VERB
fsr-3281	84	7	and	and	CCONJ
fsr-3281	84	8	outstanding	outstanding	ADJ
fsr-3281	84	9	by	by	ADP
fsr-3281	84	10	year	year	NOUN
fsr-3281	84	11	for	for	ADP
fsr-3281	84	12	cat	cat	NOUN
fsr-3281	84	13	bond	bond	NOUN
fsr-3281	84	14	and	and	CCONJ
fsr-3281	84	15	insurance	insurance	NOUN
fsr-3281	84	16	linked	link	VERB
fsr-3281	84	17	securities	security	NOUN
fsr-3281	84	18	(	(	PUNCT
fsr-3281	84	19	ils	ils	PROPN
fsr-3281	84	20	)	)	PUNCT
fsr-3281	84	21	are	be	AUX
fsr-3281	84	22	summarized	summarize	VERB
fsr-3281	84	23	in	in	ADP
fsr-3281	84	24	the	the	DET
fsr-3281	84	25	fig	fig	NOUN
fsr-3281	84	26	.	.	PUNCT
fsr-3281	85	1	1	1	X
fsr-3281	85	2	.	.	X
fsr-3281	86	1	over	over	ADP
fsr-3281	86	2	the	the	DET
fsr-3281	86	3	period	period	NOUN
fsr-3281	86	4	from	from	ADP
fsr-3281	86	5	1997	1997	NUM
fsr-3281	86	6	through	through	ADP
fsr-3281	86	7	2015	2015	NUM
fsr-3281	86	8	,	,	PUNCT
fsr-3281	86	9	the	the	DET
fsr-3281	86	10	yearly	yearly	ADJ
fsr-3281	86	11	range	range	NOUN
fsr-3281	86	12	of	of	ADP
fsr-3281	86	13	issues	issue	NOUN
fsr-3281	86	14	was	be	AUX
fsr-3281	86	15	$	$	SYM
fsr-3281	86	16	786	786	NUM
fsr-3281	86	17	million	million	NUM
fsr-3281	86	18	(	(	PUNCT
fsr-3281	86	19	1997	1997	NUM
fsr-3281	86	20	)	)	PUNCT
fsr-3281	86	21	to	to	ADP
fsr-3281	86	22	$	$	SYM
fsr-3281	86	23	9,094	9,094	NUM
fsr-3281	86	24	million	million	NUM
fsr-3281	86	25	(	(	PUNCT
fsr-3281	86	26	2014	2014	NUM
fsr-3281	86	27	)	)	PUNCT
fsr-3281	86	28	with	with	ADP
fsr-3281	86	29	an	an	DET
fsr-3281	86	30	average	average	ADJ
fsr-3281	86	31	yearly	yearly	ADJ
fsr-3281	86	32	issue	issue	NOUN
fsr-3281	86	33	of	of	ADP
fsr-3281	86	34	$	$	SYM
fsr-3281	86	35	3,858	3,858	NUM
fsr-3281	86	36	million	million	NUM
fsr-3281	86	37	.	.	PUNCT
fsr-3281	87	1	the	the	DET
fsr-3281	87	2	cumulative	cumulative	ADJ
fsr-3281	87	3	bonds	bond	NOUN
fsr-3281	87	4	outstanding	outstanding	ADJ
fsr-3281	87	5	peaked	peak	VERB
fsr-3281	87	6	in	in	ADP
fsr-3281	87	7	2015	2015	NUM
fsr-3281	87	8	at	at	ADP
fsr-3281	87	9	$	$	SYM
fsr-3281	87	10	25.96	25.96	NUM
fsr-3281	87	11	billion	billion	NUM
fsr-3281	87	12	.	.	PUNCT
fsr-3281	88	1	there	there	PRON
fsr-3281	88	2	were	be	VERB
fsr-3281	88	3	several	several	ADJ
fsr-3281	88	4	years	year	NOUN
fsr-3281	88	5	in	in	ADP
fsr-3281	88	6	which	which	PRON
fsr-3281	88	7	the	the	DET
fsr-3281	88	8	amount	amount	NOUN
fsr-3281	88	9	of	of	ADP
fsr-3281	88	10	outstanding	outstanding	ADJ
fsr-3281	88	11	bonds	bond	NOUN
fsr-3281	88	12	declined	decline	VERB
fsr-3281	88	13	because	because	SCONJ
fsr-3281	88	14	of	of	ADP
fsr-3281	88	15	a	a	DET
fsr-3281	88	16	small	small	ADJ
fsr-3281	88	17	volume	volume	NOUN
fsr-3281	88	18	of	of	ADP
fsr-3281	88	19	new	new	ADJ
fsr-3281	88	20	bonds	bond	NOUN
fsr-3281	88	21	being	be	AUX
fsr-3281	88	22	issued	issue	VERB
fsr-3281	88	23	and	and	CCONJ
fsr-3281	88	24	a	a	DET
fsr-3281	88	25	large	large	ADJ
fsr-3281	88	26	volume	volume	NOUN
fsr-3281	88	27	of	of	ADP
fsr-3281	88	28	bonds	bond	NOUN
fsr-3281	88	29	maturing	mature	VERB
fsr-3281	88	30	.	.	PUNCT
fsr-3281	89	1	cat	cat	NOUN
fsr-3281	89	2	bond	bond	NOUN
fsr-3281	89	3	payoffs	payoff	NOUN
fsr-3281	89	4	are	be	AUX
fsr-3281	89	5	dependent	dependent	ADJ
fsr-3281	89	6	on	on	ADP
fsr-3281	89	7	the	the	DET
fsr-3281	89	8	lack	lack	NOUN
fsr-3281	89	9	of	of	ADP
fsr-3281	89	10	occurrence	occurrence	NOUN
fsr-3281	89	11	of	of	ADP
fsr-3281	89	12	the	the	DET
fsr-3281	89	13	insured	insure	VERB
fsr-3281	89	14	disasters	disaster	NOUN
fsr-3281	89	15	.	.	PUNCT
fsr-3281	90	1	but	but	CCONJ
fsr-3281	90	2	even	even	ADV
fsr-3281	90	3	when	when	SCONJ
fsr-3281	90	4	they	they	PRON
fsr-3281	90	5	occur	occur	VERB
fsr-3281	90	6	,	,	PUNCT
fsr-3281	90	7	if	if	SCONJ
fsr-3281	90	8	the	the	DET
fsr-3281	90	9	underlying	underlie	VERB
fsr-3281	90	10	loss	loss	NOUN
fsr-3281	90	11	fails	fail	VERB
fsr-3281	90	12	to	to	PART
fsr-3281	90	13	reach	reach	VERB
fsr-3281	90	14	the	the	DET
fsr-3281	90	15	defined	define	VERB
fsr-3281	90	16	trigger	trigger	NOUN
fsr-3281	90	17	point	point	NOUN
fsr-3281	90	18	,	,	PUNCT
fsr-3281	90	19	then	then	ADV
fsr-3281	90	20	the	the	DET
fsr-3281	90	21	bondholders	bondholder	NOUN
fsr-3281	90	22	suffer	suffer	VERB
fsr-3281	90	23	no	no	DET
fsr-3281	90	24	loss	loss	NOUN
fsr-3281	90	25	.	.	PUNCT
fsr-3281	91	1	when	when	SCONJ
fsr-3281	91	2	the	the	DET
fsr-3281	91	3	trigger	trigger	NOUN
fsr-3281	91	4	point	point	NOUN
fsr-3281	91	5	is	be	AUX
fsr-3281	91	6	breached	breach	VERB
fsr-3281	91	7	,	,	PUNCT
fsr-3281	91	8	there	there	PRON
fsr-3281	91	9	will	will	AUX
fsr-3281	91	10	be	be	AUX
fsr-3281	91	11	a	a	DET
fsr-3281	91	12	reduction	reduction	NOUN
fsr-3281	91	13	in	in	ADP
fsr-3281	91	14	the	the	DET
fsr-3281	91	15	expected	expect	VERB
fsr-3281	91	16	return	return	NOUN
fsr-3281	91	17	on	on	ADP
fsr-3281	91	18	the	the	DET
fsr-3281	91	19	bonds	bond	NOUN
fsr-3281	91	20	.	.	PUNCT
fsr-3281	92	1	these	these	DET
fsr-3281	92	2	triggers	trigger	NOUN
fsr-3281	92	3	are	be	AUX
fsr-3281	92	4	typically	typically	ADV
fsr-3281	92	5	based	base	VERB
fsr-3281	92	6	on	on	ADP
fsr-3281	92	7	the	the	DET
fsr-3281	92	8	cumulative	cumulative	ADJ
fsr-3281	92	9	losses	loss	NOUN
fsr-3281	92	10	experienced	experience	VERB
fsr-3281	92	11	by	by	ADP
fsr-3281	92	12	the	the	DET
fsr-3281	92	13	underlying	underlie	VERB
fsr-3281	92	14	insurance	insurance	NOUN
fsr-3281	92	15	companies	company	NOUN
fsr-3281	92	16	.	.	PUNCT
fsr-3281	93	1	triggers	trigger	NOUN
fsr-3281	93	2	,	,	PUNCT
fsr-3281	93	3	which	which	PRON
fsr-3281	93	4	are	be	AUX
fsr-3281	93	5	defined	define	VERB
fsr-3281	93	6	in	in	ADP
fsr-3281	93	7	the	the	DET
fsr-3281	93	8	bond	bond	NOUN
fsr-3281	93	9	indenture	indenture	NOUN
fsr-3281	93	10	,	,	PUNCT
fsr-3281	93	11	can	can	AUX
fsr-3281	93	12	be	be	AUX
fsr-3281	93	13	structured	structure	VERB
fsr-3281	93	14	in	in	ADP
fsr-3281	93	15	a	a	DET
fsr-3281	93	16	variety	variety	NOUN
fsr-3281	93	17	of	of	ADP
fsr-3281	93	18	ways	way	NOUN
fsr-3281	93	19	.	.	PUNCT
fsr-3281	94	1	for	for	ADP
fsr-3281	94	2	instance	instance	NOUN
fsr-3281	94	3	,	,	PUNCT
fsr-3281	94	4	they	they	PRON
fsr-3281	94	5	can	can	AUX
fsr-3281	94	6	be	be	AUX
fsr-3281	94	7	based	base	VERB
fsr-3281	94	8	on	on	ADP
fsr-3281	94	9	a	a	DET
fsr-3281	94	10	cumulative	cumulative	ADJ
fsr-3281	94	11	loss	loss	NOUN
fsr-3281	94	12	threshold	threshold	NOUN
fsr-3281	94	13	,	,	PUNCT
fsr-3281	94	14	a	a	DET
fsr-3281	94	15	sliding	slide	VERB
fsr-3281	94	16	scale	scale	NOUN
fsr-3281	94	17	of	of	ADP
fsr-3281	94	18	actual	actual	ADJ
fsr-3281	94	19	losses	loss	NOUN
fsr-3281	94	20	experienced	experience	VERB
fsr-3281	94	21	by	by	ADP
fsr-3281	94	22	the	the	DET
fsr-3281	94	23	issuer	issuer	NOUN
fsr-3281	94	24	,	,	PUNCT
fsr-3281	94	25	or	or	CCONJ
fsr-3281	94	26	tied	tie	VERB
fsr-3281	94	27	to	to	ADP
fsr-3281	94	28	an	an	DET
fsr-3281	94	29	index	index	NOUN
fsr-3281	94	30	of	of	ADP
fsr-3281	94	31	weather	weather	NOUN
fsr-3281	94	32	/	/	SYM
fsr-3281	94	33	disaster	disaster	NOUN
fsr-3281	94	34	conditions	condition	NOUN
fsr-3281	94	35	.	.	PUNCT
fsr-3281	95	1	cat	cat	NOUN
fsr-3281	95	2	bonds	bond	NOUN
fsr-3281	95	3	can	can	AUX
fsr-3281	95	4	be	be	AUX
fsr-3281	95	5	structured	structure	VERB
fsr-3281	95	6	on	on	ADP
fsr-3281	95	7	a	a	DET
fsr-3281	95	8	per	per	ADP
fsr-3281	95	9	-	-	PUNCT
fsr-3281	95	10	occurrence	occurrence	NOUN
fsr-3281	95	11	event	event	NOUN
fsr-3281	95	12	(	(	PUNCT
fsr-3281	95	13	i.e.	i.e.	X
fsr-3281	95	14	,	,	PUNCT
fsr-3281	95	15	exposure	exposure	NOUN
fsr-3281	95	16	to	to	ADP
fsr-3281	95	17	a	a	DET
fsr-3281	95	18	single	single	ADJ
fsr-3281	95	19	major	major	ADJ
fsr-3281	95	20	loss	loss	NOUN
fsr-3281	95	21	event	event	NOUN
fsr-3281	95	22	)	)	PUNCT
fsr-3281	95	23	;	;	PUNCT
fsr-3281	95	24	on	on	ADP
fsr-3281	95	25	the	the	DET
fsr-3281	95	26	aggregate	aggregate	NOUN
fsr-3281	95	27	(	(	PUNCT
fsr-3281	95	28	i.e.	i.e.	X
fsr-3281	95	29	,	,	PUNCT
fsr-3281	95	30	exposure	exposure	NOUN
fsr-3281	95	31	to	to	ADP
fsr-3281	95	32	multiple	multiple	ADJ
fsr-3281	95	33	events	event	NOUN
fsr-3281	95	34	over	over	ADP
fsr-3281	95	35	the	the	DET
fsr-3281	95	36	course	course	NOUN
fsr-3281	95	37	of	of	ADP
fsr-3281	95	38	each	each	DET
fsr-3281	95	39	annual	annual	ADJ
fsr-3281	95	40	risk	risk	NOUN
fsr-3281	95	41	-	-	PUNCT
fsr-3281	95	42	period	period	NOUN
fsr-3281	95	43	)	)	PUNCT
fsr-3281	95	44	;	;	PUNCT
fsr-3281	95	45	or	or	CCONJ
fsr-3281	95	46	on	on	ADP
fsr-3281	95	47	a	a	DET
fsr-3281	95	48	multiple	multiple	ADJ
fsr-3281	95	49	loss	loss	NOUN
fsr-3281	95	50	approach	approach	NOUN
fsr-3281	95	51	(	(	PUNCT
fsr-3281	95	52	i.e.	i.e.	X
fsr-3281	95	53	,	,	PUNCT
fsr-3281	95	54	payoff	payoff	NOUN
fsr-3281	95	55	reductions	reduction	NOUN
fsr-3281	95	56	are	be	AUX
fsr-3281	95	57	triggered	trigger	VERB
fsr-3281	95	58	by	by	ADP
fsr-3281	95	59	second	second	ADJ
fsr-3281	95	60	and	and	CCONJ
fsr-3281	95	61	subsequent	subsequent	ADJ
fsr-3281	95	62	events	event	NOUN
fsr-3281	95	63	)	)	PUNCT
fsr-3281	95	64	.	.	PUNCT
fsr-3281	96	1	all	all	DET
fsr-3281	96	2	cat	cat	NOUN
fsr-3281	96	3	bonds	bond	NOUN
fsr-3281	96	4	within	within	ADP
fsr-3281	96	5	the	the	DET
fsr-3281	96	6	sample	sample	NOUN
fsr-3281	96	7	were	be	AUX
fsr-3281	96	8	issued	issue	VERB
fsr-3281	96	9	under	under	ADP
fsr-3281	96	10	the	the	DET
fsr-3281	96	11	sec	sec	PROPN
fsr-3281	96	12	’s	’s	PART
fsr-3281	96	13	144a	144a	ADJ
fsr-3281	96	14	regulation	regulation	NOUN
fsr-3281	96	15	which	which	PRON
fsr-3281	96	16	limits	limit	VERB
fsr-3281	96	17	resales	resale	NOUN
fsr-3281	96	18	to	to	ADP
fsr-3281	96	19	qualified	qualified	ADJ
fsr-3281	96	20	institutional	institutional	ADJ
fsr-3281	96	21	buyers	buyer	NOUN
fsr-3281	96	22	(	(	PUNCT
fsr-3281	96	23	qibs	qibs	PROPN
fsr-3281	96	24	)	)	PUNCT
fsr-3281	96	25	.	.	PUNCT
fsr-3281	97	1	thus	thus	ADV
fsr-3281	97	2	,	,	PUNCT
fsr-3281	97	3	institutions	institution	NOUN
fsr-3281	97	4	,	,	PUNCT
fsr-3281	97	5	not	not	PART
fsr-3281	97	6	individuals	individual	NOUN
fsr-3281	97	7	regardless	regardless	ADV
fsr-3281	97	8	of	of	ADP
fsr-3281	97	9	wealth	wealth	NOUN
fsr-3281	97	10	or	or	CCONJ
fsr-3281	97	11	sophistication	sophistication	NOUN
fsr-3281	97	12	,	,	PUNCT
fsr-3281	97	13	are	be	AUX
fsr-3281	97	14	the	the	DET
fsr-3281	97	15	only	only	ADJ
fsr-3281	97	16	investors	investor	NOUN
fsr-3281	97	17	eligible	eligible	ADJ
fsr-3281	97	18	to	to	PART
fsr-3281	97	19	buy	buy	VERB
fsr-3281	97	20	these	these	DET
fsr-3281	97	21	securities	security	NOUN
fsr-3281	97	22	within	within	ADP
fsr-3281	97	23	the	the	DET
fsr-3281	97	24	first	first	ADJ
fsr-3281	97	25	year.9	year.9	NOUN
fsr-3281	97	26	thus	thus	ADV
fsr-3281	97	27	,	,	PUNCT
fsr-3281	97	28	access	access	NOUN
fsr-3281	97	29	for	for	ADP
fsr-3281	97	30	the	the	DET
fsr-3281	97	31	individual	individual	ADJ
fsr-3281	97	32	investors	investor	NOUN
fsr-3281	97	33	is	be	AUX
fsr-3281	97	34	only	only	ADV
fsr-3281	97	35	possible	possible	ADJ
fsr-3281	97	36	through	through	ADP
fsr-3281	97	37	participation	participation	NOUN
fsr-3281	97	38	in	in	ADP
fsr-3281	97	39	mutual	mutual	ADJ
fsr-3281	97	40	or	or	CCONJ
fsr-3281	97	41	hedge	hedge	NOUN
fsr-3281	97	42	funds	fund	NOUN
fsr-3281	97	43	that	that	PRON
fsr-3281	97	44	qualify	qualify	VERB
fsr-3281	97	45	as	as	ADP
fsr-3281	97	46	qibs	qib	NOUN
fsr-3281	97	47	.	.	PUNCT
fsr-3281	98	1	one	one	NUM
fsr-3281	98	2	of	of	ADP
fsr-3281	98	3	the	the	DET
fsr-3281	98	4	attractions	attraction	NOUN
fsr-3281	98	5	of	of	ADP
fsr-3281	98	6	cat	cat	NOUN
fsr-3281	98	7	bonds	bond	NOUN
fsr-3281	98	8	is	be	AUX
fsr-3281	98	9	that	that	SCONJ
fsr-3281	98	10	they	they	PRON
fsr-3281	98	11	typically	typically	ADV
fsr-3281	98	12	offer	offer	VERB
fsr-3281	98	13	a	a	DET
fsr-3281	98	14	higher	high	ADJ
fsr-3281	98	15	rate	rate	NOUN
fsr-3281	98	16	of	of	ADP
fsr-3281	98	17	return	return	NOUN
fsr-3281	98	18	versus	versus	ADP
fsr-3281	98	19	similarly	similarly	ADV
fsr-3281	98	20	rated	rate	VERB
fsr-3281	98	21	corporate	corporate	ADJ
fsr-3281	98	22	debt	debt	NOUN
fsr-3281	98	23	instruments	instrument	NOUN
fsr-3281	98	24	.	.	PUNCT
fsr-3281	99	1	many	many	ADJ
fsr-3281	99	2	of	of	ADP
fsr-3281	99	3	the	the	DET
fsr-3281	99	4	bonds	bond	NOUN
fsr-3281	99	5	offer	offer	VERB
fsr-3281	99	6	variable	variable	ADJ
fsr-3281	99	7	rates	rate	NOUN
fsr-3281	99	8	based	base	VERB
fsr-3281	99	9	on	on	ADP
fsr-3281	99	10	a	a	DET
fsr-3281	99	11	premium	premium	NOUN
fsr-3281	99	12	over	over	ADP
fsr-3281	99	13	some	some	DET
fsr-3281	99	14	three	three	NUM
fsr-3281	99	15	month	month	NOUN
fsr-3281	99	16	index	index	NOUN
fsr-3281	99	17	such	such	ADJ
fsr-3281	99	18	as	as	ADP
fsr-3281	99	19	euribor	euribor	PROPN
fsr-3281	99	20	,	,	PUNCT
fsr-3281	99	21	libor	libor	PROPN
fsr-3281	99	22	,	,	PUNCT
fsr-3281	99	23	or	or	CCONJ
fsr-3281	99	24	u.s	u.s	PROPN
fsr-3281	99	25	.	.	PROPN
fsr-3281	99	26	treasury	treasury	PROPN
fsr-3281	99	27	bills	bill	NOUN
fsr-3281	99	28	.	.	PUNCT
fsr-3281	100	1	this	this	DET
fsr-3281	100	2	higher	high	ADJ
fsr-3281	100	3	expected	expect	VERB
fsr-3281	100	4	return	return	NOUN
fsr-3281	100	5	could	could	AUX
fsr-3281	100	6	also	also	ADV
fsr-3281	100	7	be	be	AUX
fsr-3281	100	8	adjusted	adjust	VERB
fsr-3281	100	9	through	through	ADP
fsr-3281	100	10	the	the	DET
fsr-3281	100	11	price	price	NOUN
fsr-3281	100	12	because	because	SCONJ
fsr-3281	100	13	there	there	PRON
fsr-3281	100	14	are	be	VERB
fsr-3281	100	15	several	several	ADJ
fsr-3281	100	16	zero	zero	NUM
fsr-3281	100	17	coupon	coupon	NOUN
fsr-3281	100	18	cat	cat	NOUN
fsr-3281	100	19	bond	bond	NOUN
fsr-3281	100	20	issues	issue	NOUN
fsr-3281	100	21	.	.	PUNCT
fsr-3281	101	1	besides	besides	SCONJ
fsr-3281	101	2	the	the	DET
fsr-3281	101	3	potential	potential	NOUN
fsr-3281	101	4	for	for	ADP
fsr-3281	101	5	high	high	ADJ
fsr-3281	101	6	yields	yield	NOUN
fsr-3281	101	7	,	,	PUNCT
fsr-3281	101	8	cat	cat	NOUN
fsr-3281	101	9	bonds	bond	NOUN
fsr-3281	101	10	also	also	ADV
fsr-3281	101	11	offer	offer	VERB
fsr-3281	101	12	the	the	DET
fsr-3281	101	13	buyer	buyer	NOUN
fsr-3281	101	14	some	some	DET
fsr-3281	101	15	diversification	diversification	NOUN
fsr-3281	101	16	because	because	SCONJ
fsr-3281	101	17	of	of	ADP
fsr-3281	101	18	the	the	DET
fsr-3281	101	19	fact	fact	NOUN
fsr-3281	101	20	that	that	SCONJ
fsr-3281	101	21	catastrophic	catastrophic	ADJ
fsr-3281	101	22	events	event	NOUN
fsr-3281	101	23	are	be	AUX
fsr-3281	101	24	not	not	PART
fsr-3281	101	25	correlated	correlate	VERB
fsr-3281	101	26	with	with	ADP
fsr-3281	101	27	market	market	NOUN
fsr-3281	101	28	cycles	cycle	NOUN
fsr-3281	101	29	or	or	CCONJ
fsr-3281	101	30	fig	fig	NOUN
fsr-3281	101	31	.	.	PUNCT
fsr-3281	102	1	1	1	X
fsr-3281	102	2	.	.	X
fsr-3281	102	3	source	source	NOUN
fsr-3281	102	4	:	:	PUNCT
fsr-3281	102	5	http://www.artemis.bm/deal_directory/cat_bonds_ils_issued_outstanding.html	http://www.artemis.bm/deal_directory/cat_bonds_ils_issued_outstanding.html	PROPN
fsr-3281	102	6	.	.	PUNCT
fsr-3281	103	1	307r.j	307r.j	PROPN
fsr-3281	103	2	.	.	PUNCT
fsr-3281	103	3	kish	kish	PROPN
fsr-3281	103	4	/	/	SYM
fsr-3281	103	5	financial	financial	ADJ
fsr-3281	103	6	services	service	NOUN
fsr-3281	103	7	review	review	VERB
fsr-3281	103	8	25	25	NUM
fsr-3281	103	9	(	(	PUNCT
fsr-3281	103	10	2016	2016	NUM
fsr-3281	103	11	)	)	PUNCT
fsr-3281	103	12	303–329	303–329	NUM
fsr-3281	103	13	macroeconomic	macroeconomic	ADJ
fsr-3281	103	14	variables.10	variables.10	NOUN
fsr-3281	103	15	even	even	ADV
fsr-3281	103	16	with	with	ADP
fsr-3281	103	17	these	these	DET
fsr-3281	103	18	listed	list	VERB
fsr-3281	103	19	benefits	benefit	NOUN
fsr-3281	103	20	,	,	PUNCT
fsr-3281	103	21	cat	cat	NOUN
fsr-3281	103	22	bonds	bond	NOUN
fsr-3281	103	23	should	should	AUX
fsr-3281	103	24	only	only	ADV
fsr-3281	103	25	be	be	AUX
fsr-3281	103	26	a	a	DET
fsr-3281	103	27	minor	minor	ADJ
fsr-3281	103	28	portion	portion	NOUN
fsr-3281	103	29	of	of	ADP
fsr-3281	103	30	an	an	DET
fsr-3281	103	31	investor	investor	NOUN
fsr-3281	103	32	’s	’s	PART
fsr-3281	103	33	portfolio	portfolio	NOUN
fsr-3281	103	34	because	because	SCONJ
fsr-3281	103	35	of	of	ADP
fsr-3281	103	36	the	the	DET
fsr-3281	103	37	small	small	ADJ
fsr-3281	103	38	possibility	possibility	NOUN
fsr-3281	103	39	of	of	ADP
fsr-3281	103	40	a	a	DET
fsr-3281	103	41	huge	huge	ADJ
fsr-3281	103	42	loss	loss	NOUN
fsr-3281	103	43	.	.	PUNCT
fsr-3281	104	1	this	this	PRON
fsr-3281	104	2	is	be	AUX
fsr-3281	104	3	what	what	PRON
fsr-3281	104	4	researchers	researcher	NOUN
fsr-3281	104	5	within	within	ADP
fsr-3281	104	6	finance	finance	NOUN
fsr-3281	104	7	and	and	CCONJ
fsr-3281	104	8	economic	economic	ADJ
fsr-3281	104	9	studies	study	NOUN
fsr-3281	104	10	have	have	AUX
fsr-3281	104	11	identified	identify	VERB
fsr-3281	104	12	as	as	ADP
fsr-3281	104	13	tail	tail	NOUN
fsr-3281	104	14	risk	risk	NOUN
fsr-3281	104	15	.	.	PUNCT
fsr-3281	105	1	there	there	PRON
fsr-3281	105	2	are	be	VERB
fsr-3281	105	3	varying	vary	VERB
fsr-3281	105	4	amounts	amount	NOUN
fsr-3281	105	5	of	of	ADP
fsr-3281	105	6	risk	risk	NOUN
fsr-3281	105	7	depending	depend	VERB
fsr-3281	105	8	upon	upon	SCONJ
fsr-3281	105	9	where	where	SCONJ
fsr-3281	105	10	the	the	DET
fsr-3281	105	11	bond	bond	NOUN
fsr-3281	105	12	’s	’s	PART
fsr-3281	105	13	coverage	coverage	NOUN
fsr-3281	105	14	occurs	occur	VERB
fsr-3281	105	15	.	.	PUNCT
fsr-3281	106	1	cat	cat	NOUN
fsr-3281	106	2	bonds	bond	NOUN
fsr-3281	106	3	issued	issue	VERB
fsr-3281	106	4	against	against	ADP
fsr-3281	106	5	catastrophic	catastrophic	ADJ
fsr-3281	106	6	events	event	NOUN
fsr-3281	106	7	in	in	ADP
fsr-3281	106	8	the	the	DET
fsr-3281	106	9	united	united	PROPN
fsr-3281	106	10	states	states	PROPN
fsr-3281	106	11	have	have	VERB
fsr-3281	106	12	more	more	ADJ
fsr-3281	106	13	data	datum	NOUN
fsr-3281	106	14	for	for	ADP
fsr-3281	106	15	analysis	analysis	NOUN
fsr-3281	106	16	available	available	ADJ
fsr-3281	106	17	versus	versus	ADP
fsr-3281	106	18	catastrophic	catastrophic	ADJ
fsr-3281	106	19	events	event	NOUN
fsr-3281	106	20	across	across	ADP
fsr-3281	106	21	the	the	DET
fsr-3281	106	22	rest	rest	NOUN
fsr-3281	106	23	of	of	ADP
fsr-3281	106	24	the	the	DET
fsr-3281	106	25	world	world	NOUN
fsr-3281	106	26	.	.	PUNCT
fsr-3281	107	1	however	however	ADV
fsr-3281	107	2	,	,	PUNCT
fsr-3281	107	3	even	even	ADV
fsr-3281	107	4	with	with	ADP
fsr-3281	107	5	this	this	DET
fsr-3281	107	6	additional	additional	ADJ
fsr-3281	107	7	data	datum	NOUN
fsr-3281	107	8	,	,	PUNCT
fsr-3281	107	9	there	there	PRON
fsr-3281	107	10	are	be	VERB
fsr-3281	107	11	no	no	DET
fsr-3281	107	12	guarantees	guarantee	NOUN
fsr-3281	107	13	that	that	SCONJ
fsr-3281	107	14	historical	historical	ADJ
fsr-3281	107	15	data	datum	NOUN
fsr-3281	107	16	will	will	AUX
fsr-3281	107	17	capture	capture	VERB
fsr-3281	107	18	the	the	DET
fsr-3281	107	19	probability	probability	NOUN
fsr-3281	107	20	for	for	ADP
fsr-3281	107	21	future	future	ADJ
fsr-3281	107	22	events	event	NOUN
fsr-3281	107	23	as	as	SCONJ
fsr-3281	107	24	was	be	AUX
fsr-3281	107	25	the	the	DET
fsr-3281	107	26	case	case	NOUN
fsr-3281	107	27	with	with	ADP
fsr-3281	107	28	terrorist	terrorist	ADJ
fsr-3281	107	29	attack	attack	NOUN
fsr-3281	107	30	on	on	ADP
fsr-3281	107	31	the	the	DET
fsr-3281	107	32	twin	twin	ADJ
fsr-3281	107	33	towers	tower	NOUN
fsr-3281	107	34	of	of	ADP
fsr-3281	107	35	the	the	DET
fsr-3281	107	36	world	world	NOUN
fsr-3281	107	37	trade	trade	NOUN
fsr-3281	107	38	center	center	NOUN
fsr-3281	107	39	in	in	ADP
fsr-3281	107	40	new	new	PROPN
fsr-3281	107	41	york	york	PROPN
fsr-3281	107	42	city	city	PROPN
fsr-3281	107	43	on	on	ADP
fsr-3281	107	44	september	september	PROPN
fsr-3281	107	45	11	11	NUM
fsr-3281	107	46	,	,	PUNCT
fsr-3281	107	47	2001	2001	NUM
fsr-3281	107	48	.	.	PUNCT
fsr-3281	108	1	although	although	SCONJ
fsr-3281	108	2	,	,	PUNCT
fsr-3281	108	3	both	both	CCONJ
fsr-3281	108	4	natural	natural	ADJ
fsr-3281	108	5	and	and	CCONJ
fsr-3281	108	6	man	man	NOUN
fsr-3281	108	7	-	-	PUNCT
fsr-3281	108	8	made	make	VERB
fsr-3281	108	9	disasters	disaster	NOUN
fsr-3281	108	10	are	be	AUX
fsr-3281	108	11	rare	rare	ADJ
fsr-3281	108	12	,	,	PUNCT
fsr-3281	108	13	when	when	SCONJ
fsr-3281	108	14	they	they	PRON
fsr-3281	108	15	occur	occur	VERB
fsr-3281	108	16	,	,	PUNCT
fsr-3281	108	17	the	the	DET
fsr-3281	108	18	losses	loss	NOUN
fsr-3281	108	19	are	be	AUX
fsr-3281	108	20	often	often	ADV
fsr-3281	108	21	substantial	substantial	ADJ
fsr-3281	108	22	.	.	PUNCT
fsr-3281	109	1	thus	thus	ADV
fsr-3281	109	2	,	,	PUNCT
fsr-3281	109	3	insurance	insurance	NOUN
fsr-3281	109	4	firms	firm	NOUN
fsr-3281	109	5	need	need	VERB
fsr-3281	109	6	to	to	PART
fsr-3281	109	7	protect	protect	VERB
fsr-3281	109	8	themselves	themselves	PRON
fsr-3281	109	9	against	against	ADP
fsr-3281	109	10	this	this	DET
fsr-3281	109	11	small	small	ADJ
fsr-3281	109	12	probability	probability	NOUN
fsr-3281	109	13	of	of	ADP
fsr-3281	109	14	extreme	extreme	ADJ
fsr-3281	109	15	loses	lose	NOUN
fsr-3281	109	16	that	that	PRON
fsr-3281	109	17	might	might	AUX
fsr-3281	109	18	cripple	cripple	VERB
fsr-3281	109	19	their	their	PRON
fsr-3281	109	20	ability	ability	NOUN
fsr-3281	109	21	to	to	PART
fsr-3281	109	22	pay	pay	VERB
fsr-3281	109	23	out	out	ADP
fsr-3281	109	24	claims	claim	NOUN
fsr-3281	109	25	and	and	CCONJ
fsr-3281	109	26	still	still	ADV
fsr-3281	109	27	stay	stay	VERB
fsr-3281	109	28	operational	operational	ADJ
fsr-3281	109	29	.	.	PUNCT
fsr-3281	110	1	besides	besides	SCONJ
fsr-3281	110	2	the	the	DET
fsr-3281	110	3	potential	potential	NOUN
fsr-3281	110	4	of	of	ADP
fsr-3281	110	5	having	have	VERB
fsr-3281	110	6	a	a	DET
fsr-3281	110	7	loss	loss	NOUN
fsr-3281	110	8	of	of	ADP
fsr-3281	110	9	coupon	coupon	NOUN
fsr-3281	110	10	and	and	CCONJ
fsr-3281	110	11	principal	principal	NOUN
fsr-3281	110	12	to	to	ADP
fsr-3281	110	13	the	the	DET
fsr-3281	110	14	underlying	underlie	VERB
fsr-3281	110	15	insurance	insurance	NOUN
fsr-3281	110	16	firm	firm	NOUN
fsr-3281	110	17	,	,	PUNCT
fsr-3281	110	18	other	other	ADJ
fsr-3281	110	19	risks	risk	NOUN
fsr-3281	110	20	to	to	ADP
fsr-3281	110	21	investors	investor	NOUN
fsr-3281	110	22	of	of	ADP
fsr-3281	110	23	cat	cat	NOUN
fsr-3281	110	24	bonds	bond	NOUN
fsr-3281	110	25	include	include	VERB
fsr-3281	110	26	a	a	DET
fsr-3281	110	27	lack	lack	NOUN
fsr-3281	110	28	of	of	ADP
fsr-3281	110	29	liquidity	liquidity	NOUN
fsr-3281	110	30	(	(	PUNCT
fsr-3281	110	31	weak	weak	ADJ
fsr-3281	110	32	secondary	secondary	ADJ
fsr-3281	110	33	market	market	NOUN
fsr-3281	110	34	)	)	PUNCT
fsr-3281	110	35	;	;	PUNCT
fsr-3281	110	36	lack	lack	NOUN
fsr-3281	110	37	of	of	ADP
fsr-3281	110	38	sec	sec	PROPN
fsr-3281	110	39	oversight	oversight	NOUN
fsr-3281	110	40	(	(	PUNCT
fsr-3281	110	41	unregistered	unregistered	ADJ
fsr-3281	110	42	securities	security	NOUN
fsr-3281	110	43	without	without	ADP
fsr-3281	110	44	periodic	periodic	ADJ
fsr-3281	110	45	disclosure	disclosure	NOUN
fsr-3281	110	46	issued	issue	VERB
fsr-3281	110	47	under	under	ADP
fsr-3281	110	48	rule	rule	NOUN
fsr-3281	110	49	144a	144a	NUM
fsr-3281	110	50	—	—	PUNCT
fsr-3281	110	51	thus	thus	ADV
fsr-3281	110	52	only	only	ADV
fsr-3281	110	53	offered	offer	VERB
fsr-3281	110	54	to	to	ADP
fsr-3281	110	55	qualified	qualified	ADJ
fsr-3281	110	56	institutional	institutional	ADJ
fsr-3281	110	57	buyers	buyer	NOUN
fsr-3281	110	58	—	—	PUNCT
fsr-3281	110	59	qibs	qib	NOUN
fsr-3281	110	60	)	)	PUNCT
fsr-3281	110	61	and	and	CCONJ
fsr-3281	110	62	counterparty	counterparty	NOUN
fsr-3281	110	63	risk	risk	NOUN
fsr-3281	110	64	(	(	PUNCT
fsr-3281	110	65	does	do	AUX
fsr-3281	110	66	the	the	DET
fsr-3281	110	67	special	special	ADJ
fsr-3281	110	68	purpose	purpose	NOUN
fsr-3281	110	69	vehicle	vehicle	NOUN
fsr-3281	110	70	,	,	PUNCT
fsr-3281	110	71	spv	spv	PROPN
fsr-3281	110	72	,	,	PUNCT
fsr-3281	110	73	have	have	VERB
fsr-3281	110	74	adequate	adequate	ADJ
fsr-3281	110	75	assets	asset	NOUN
fsr-3281	110	76	to	to	PART
fsr-3281	110	77	prevent	prevent	VERB
fsr-3281	110	78	default	default	NOUN
fsr-3281	110	79	)	)	PUNCT
fsr-3281	110	80	.	.	PUNCT
fsr-3281	111	1	one	one	NUM
fsr-3281	111	2	of	of	ADP
fsr-3281	111	3	the	the	DET
fsr-3281	111	4	189	189	NUM
fsr-3281	111	5	issues	issue	NOUN
fsr-3281	111	6	outstanding	outstanding	ADJ
fsr-3281	111	7	was	be	AUX
fsr-3281	111	8	in	in	ADP
fsr-3281	111	9	default	default	NOUN
fsr-3281	111	10	(	(	PUNCT
fsr-3281	111	11	calabash	calabash	PROPN
fsr-3281	111	12	re	re	PROPN
fsr-3281	111	13	iii	iii	PROPN
fsr-3281	111	14	ltd	ltd	PROPN
fsr-3281	111	15	.	.	PROPN
fsr-3281	111	16	:	:	PUNCT
fsr-3281	112	1	calaba	calaba	PROPN
fsr-3281	112	2	)	)	PUNCT
fsr-3281	112	3	.	.	PUNCT
fsr-3281	113	1	cat	cat	NOUN
fsr-3281	113	2	bonds	bond	NOUN
fsr-3281	113	3	can	can	AUX
fsr-3281	113	4	cover	cover	VERB
fsr-3281	113	5	large	large	ADJ
fsr-3281	113	6	areas	area	NOUN
fsr-3281	113	7	or	or	CCONJ
fsr-3281	113	8	be	be	AUX
fsr-3281	113	9	quite	quite	ADV
fsr-3281	113	10	focused	focused	ADJ
fsr-3281	113	11	.	.	PUNCT
fsr-3281	114	1	for	for	ADP
fsr-3281	114	2	example	example	NOUN
fsr-3281	114	3	a	a	DET
fsr-3281	114	4	cat	cat	NOUN
fsr-3281	114	5	bond	bond	NOUN
fsr-3281	114	6	issued	issue	VERB
fsr-3281	114	7	by	by	ADP
fsr-3281	114	8	travelers	traveler	NOUN
fsr-3281	114	9	,	,	PUNCT
fsr-3281	114	10	an	an	DET
fsr-3281	114	11	american	american	ADJ
fsr-3281	114	12	insurance	insurance	NOUN
fsr-3281	114	13	company	company	NOUN
fsr-3281	114	14	in	in	ADP
fsr-3281	114	15	may	may	PROPN
fsr-3281	114	16	2012	2012	NUM
fsr-3281	114	17	,	,	PUNCT
fsr-3281	114	18	through	through	ADP
fsr-3281	114	19	their	their	PRON
fsr-3281	114	20	spv	spv	NOUN
fsr-3281	114	21	—	—	PUNCT
fsr-3281	114	22	long	long	ADJ
fsr-3281	114	23	point	point	NOUN
fsr-3281	114	24	re	re	X
fsr-3281	114	25	iii	iii	X
fsr-3281	114	26	(	(	PUNCT
fsr-3281	114	27	series	series	NOUN
fsr-3281	114	28	2012–1	2012–1	NUM
fsr-3281	114	29	)	)	PUNCT
fsr-3281	114	30	covered	cover	VERB
fsr-3281	114	31	excess	excess	ADJ
fsr-3281	114	32	losses	loss	NOUN
fsr-3281	114	33	against	against	ADP
fsr-3281	114	34	hurricanes	hurricane	NOUN
fsr-3281	114	35	in	in	ADP
fsr-3281	114	36	several	several	ADJ
fsr-3281	114	37	northeast	northeast	ADJ
fsr-3281	114	38	states	state	NOUN
fsr-3281	114	39	(	(	PUNCT
fsr-3281	114	40	connecticut	connecticut	PROPN
fsr-3281	114	41	,	,	PUNCT
fsr-3281	114	42	delaware	delaware	PROPN
fsr-3281	114	43	,	,	PUNCT
fsr-3281	114	44	maine	maine	PROPN
fsr-3281	114	45	,	,	PUNCT
fsr-3281	114	46	maryland	maryland	PROPN
fsr-3281	114	47	,	,	PUNCT
fsr-3281	114	48	massachusetts	massachusetts	PROPN
fsr-3281	114	49	,	,	PUNCT
fsr-3281	114	50	new	new	PROPN
fsr-3281	114	51	hampshire	hampshire	PROPN
fsr-3281	114	52	,	,	PUNCT
fsr-3281	114	53	new	new	PROPN
fsr-3281	114	54	jersey	jersey	PROPN
fsr-3281	114	55	,	,	PUNCT
fsr-3281	114	56	new	new	PROPN
fsr-3281	114	57	york	york	PROPN
fsr-3281	114	58	,	,	PUNCT
fsr-3281	114	59	pennsylvania	pennsylvania	PROPN
fsr-3281	114	60	,	,	PUNCT
fsr-3281	114	61	rhode	rhode	PROPN
fsr-3281	114	62	island	island	NOUN
fsr-3281	114	63	,	,	PUNCT
fsr-3281	114	64	vermont	vermont	PROPN
fsr-3281	114	65	,	,	PUNCT
fsr-3281	114	66	and	and	CCONJ
fsr-3281	114	67	virginia	virginia	PROPN
fsr-3281	114	68	)	)	PUNCT
fsr-3281	114	69	and	and	CCONJ
fsr-3281	114	70	the	the	DET
fsr-3281	114	71	district	district	NOUN
fsr-3281	114	72	of	of	ADP
fsr-3281	114	73	columbia	columbia	PROPN
fsr-3281	114	74	.	.	PUNCT
fsr-3281	115	1	the	the	DET
fsr-3281	115	2	amount	amount	NOUN
fsr-3281	115	3	issued	issue	VERB
fsr-3281	115	4	was	be	AUX
fsr-3281	115	5	$	$	SYM
fsr-3281	115	6	250	250	NUM
fsr-3281	115	7	million.11	million.11	ADJ
fsr-3281	115	8	details	detail	NOUN
fsr-3281	115	9	of	of	ADP
fsr-3281	115	10	this	this	DET
fsr-3281	115	11	issue	issue	NOUN
fsr-3281	115	12	are	be	AUX
fsr-3281	115	13	summarized	summarize	VERB
fsr-3281	115	14	in	in	ADP
fsr-3281	115	15	table	table	NOUN
fsr-3281	115	16	1	1	NUM
fsr-3281	115	17	.	.	PUNCT
fsr-3281	115	18	reinforcing	reinforce	VERB
fsr-3281	115	19	the	the	DET
fsr-3281	115	20	risks	risk	NOUN
fsr-3281	115	21	that	that	PRON
fsr-3281	115	22	cat	cat	NOUN
fsr-3281	115	23	bond	bond	NOUN
fsr-3281	115	24	investors	investor	NOUN
fsr-3281	115	25	face	face	VERB
fsr-3281	115	26	are	be	AUX
fsr-3281	115	27	highlighted	highlight	VERB
fsr-3281	115	28	within	within	ADP
fsr-3281	115	29	the	the	DET
fsr-3281	115	30	prospectus	prospectus	NOUN
fsr-3281	115	31	include	include	VERB
fsr-3281	115	32	the	the	DET
fsr-3281	115	33	potential	potential	ADJ
fsr-3281	115	34	loss	loss	NOUN
fsr-3281	115	35	of	of	ADP
fsr-3281	115	36	principal	principal	ADJ
fsr-3281	115	37	or	or	CCONJ
fsr-3281	115	38	coupon	coupon	NOUN
fsr-3281	115	39	payments	payment	NOUN
fsr-3281	115	40	because	because	SCONJ
fsr-3281	115	41	of	of	ADP
fsr-3281	115	42	the	the	DET
fsr-3281	115	43	underlying	underlie	VERB
fsr-3281	115	44	trigger	trigger	NOUN
fsr-3281	115	45	event	event	NOUN
fsr-3281	115	46	,	,	PUNCT
fsr-3281	115	47	the	the	DET
fsr-3281	115	48	option	option	NOUN
fsr-3281	115	49	of	of	ADP
fsr-3281	115	50	the	the	DET
fsr-3281	115	51	spv	spv	NOUN
fsr-3281	115	52	to	to	PART
fsr-3281	115	53	extend	extend	VERB
fsr-3281	115	54	the	the	DET
fsr-3281	115	55	maturity	maturity	NOUN
fsr-3281	115	56	of	of	ADP
fsr-3281	115	57	the	the	DET
fsr-3281	115	58	bond	bond	NOUN
fsr-3281	115	59	or	or	CCONJ
fsr-3281	115	60	to	to	PART
fsr-3281	115	61	redeem	redeem	VERB
fsr-3281	115	62	the	the	DET
fsr-3281	115	63	bonds	bond	NOUN
fsr-3281	115	64	before	before	ADP
fsr-3281	115	65	table	table	NOUN
fsr-3281	115	66	1	1	NUM
fsr-3281	115	67	series	series	NOUN
fsr-3281	115	68	2012–1	2012–1	PROPN
fsr-3281	115	69	notes	note	VERB
fsr-3281	115	70	class	class	NOUN
fsr-3281	115	71	a	a	DET
fsr-3281	115	72	ceding	cede	VERB
fsr-3281	115	73	company	company	NOUN
fsr-3281	115	74	travelers	traveler	NOUN
fsr-3281	115	75	indemnity	indemnity	NOUN
fsr-3281	115	76	company	company	NOUN
fsr-3281	115	77	(	(	PUNCT
fsr-3281	115	78	and	and	CCONJ
fsr-3281	115	79	several	several	ADJ
fsr-3281	115	80	affiliates	affiliate	NOUN
fsr-3281	115	81	)	)	PUNCT
fsr-3281	115	82	original	original	ADJ
fsr-3281	115	83	principal	principal	NOUN
fsr-3281	115	84	$	$	SYM
fsr-3281	115	85	250,000,000	250,000,000	NUM
fsr-3281	115	86	initial	initial	ADJ
fsr-3281	115	87	modeled	model	VERB
fsr-3281	115	88	trigger	trigger	NOUN
fsr-3281	115	89	probability	probability	NOUN
fsr-3281	115	90	0.97	0.97	NUM
fsr-3281	115	91	%	%	NOUN
fsr-3281	115	92	initial	initial	ADJ
fsr-3281	115	93	modeled	model	VERB
fsr-3281	115	94	exhaustion	exhaustion	NOUN
fsr-3281	115	95	probability	probability	NOUN
fsr-3281	115	96	0.77	0.77	NUM
fsr-3281	115	97	%	%	NOUN
fsr-3281	115	98	initial	initial	ADJ
fsr-3281	115	99	modeled	model	VERB
fsr-3281	115	100	expected	expect	VERB
fsr-3281	115	101	loss	loss	NOUN
fsr-3281	115	102	0.88	0.88	NUM
fsr-3281	115	103	%	%	NOUN
fsr-3281	115	104	modeling	modeling	NOUN
fsr-3281	115	105	firm	firm	ADJ
fsr-3281	115	106	air	air	NOUN
fsr-3281	115	107	worldwide	worldwide	ADJ
fsr-3281	115	108	risk	risk	NOUN
fsr-3281	115	109	period	period	NOUN
fsr-3281	115	110	june	june	PROPN
fsr-3281	115	111	7	7	NUM
fsr-3281	115	112	,	,	PUNCT
fsr-3281	115	113	2012	2012	NUM
fsr-3281	115	114	through	through	ADP
fsr-3281	115	115	june	june	PROPN
fsr-3281	115	116	7	7	NUM
fsr-3281	115	117	,	,	PUNCT
fsr-3281	115	118	2015	2015	NUM
fsr-3281	115	119	trigger	trigger	NOUN
fsr-3281	115	120	indemnity	indemnity	NOUN
fsr-3281	115	121	per	per	ADP
fsr-3281	115	122	occurrence	occurrence	NOUN
fsr-3281	115	123	covered	cover	VERB
fsr-3281	115	124	event	event	NOUN
fsr-3281	115	125	hurricane	hurricane	NOUN
fsr-3281	115	126	covered	cover	VERB
fsr-3281	115	127	area	area	NOUN
fsr-3281	115	128	connecticut	connecticut	PROPN
fsr-3281	115	129	,	,	PUNCT
fsr-3281	115	130	delaware	delaware	PROPN
fsr-3281	115	131	,	,	PUNCT
fsr-3281	115	132	maine	maine	PROPN
fsr-3281	115	133	,	,	PUNCT
fsr-3281	115	134	maryland	maryland	PROPN
fsr-3281	115	135	,	,	PUNCT
fsr-3281	115	136	massachusetts	massachusetts	PROPN
fsr-3281	115	137	,	,	PUNCT
fsr-3281	115	138	new	new	PROPN
fsr-3281	115	139	hampshire	hampshire	PROPN
fsr-3281	115	140	,	,	PUNCT
fsr-3281	115	141	new	new	PROPN
fsr-3281	115	142	jersey	jersey	PROPN
fsr-3281	115	143	,	,	PUNCT
fsr-3281	115	144	new	new	PROPN
fsr-3281	115	145	york	york	PROPN
fsr-3281	115	146	,	,	PUNCT
fsr-3281	115	147	pennsylvania	pennsylvania	PROPN
fsr-3281	115	148	,	,	PUNCT
fsr-3281	115	149	rhode	rhode	PROPN
fsr-3281	115	150	island	island	NOUN
fsr-3281	115	151	,	,	PUNCT
fsr-3281	115	152	vermont	vermont	PROPN
fsr-3281	115	153	,	,	PUNCT
fsr-3281	115	154	and	and	CCONJ
fsr-3281	115	155	virginia	virginia	PROPN
fsr-3281	115	156	)	)	PUNCT
fsr-3281	115	157	and	and	CCONJ
fsr-3281	115	158	the	the	DET
fsr-3281	115	159	district	district	NOUN
fsr-3281	115	160	of	of	ADP
fsr-3281	115	161	columbia	columbia	PROPN
fsr-3281	115	162	rating	rating	NOUN
fsr-3281	115	163	(	(	PUNCT
fsr-3281	115	164	s&p	s&p	PROPN
fsr-3281	115	165	)	)	PUNCT
fsr-3281	115	166	bb	bb	NOUN
fsr-3281	115	167	�	�	PROPN
fsr-3281	115	168	collateral	collateral	ADJ
fsr-3281	115	169	treasury	treasury	NOUN
fsr-3281	115	170	money	money	NOUN
fsr-3281	115	171	market	market	NOUN
fsr-3281	115	172	funds	fund	NOUN
fsr-3281	115	173	investor	investor	NOUN
fsr-3281	115	174	spread	spread	VERB
fsr-3281	115	175	6.00	6.00	NUM
fsr-3281	115	176	%	%	NOUN
fsr-3281	115	177	source	source	NOUN
fsr-3281	115	178	:	:	PUNCT
fsr-3281	115	179	swiss	swiss	ADJ
fsr-3281	115	180	re	re	X
fsr-3281	115	181	(	(	PUNCT
fsr-3281	115	182	2012b	2012b	NOUN
fsr-3281	115	183	)	)	PUNCT
fsr-3281	115	184	.	.	PUNCT
fsr-3281	116	1	308	308	NUM
fsr-3281	116	2	r.j	r.j	PROPN
fsr-3281	116	3	.	.	PROPN
fsr-3281	116	4	kish	kish	PROPN
fsr-3281	116	5	/	/	SYM
fsr-3281	116	6	financial	financial	ADJ
fsr-3281	116	7	services	service	NOUN
fsr-3281	116	8	review	review	VERB
fsr-3281	116	9	25	25	NUM
fsr-3281	116	10	(	(	PUNCT
fsr-3281	116	11	2016	2016	NUM
fsr-3281	116	12	)	)	PUNCT
fsr-3281	116	13	303–329	303–329	NUM
fsr-3281	116	14	maturity	maturity	NOUN
fsr-3281	116	15	,	,	PUNCT
fsr-3281	116	16	limited	limited	ADJ
fsr-3281	116	17	recourse	recourse	NOUN
fsr-3281	116	18	to	to	ADP
fsr-3281	116	19	assets	asset	NOUN
fsr-3281	116	20	of	of	ADP
fsr-3281	116	21	the	the	DET
fsr-3281	116	22	special	special	ADJ
fsr-3281	116	23	purpose	purpose	NOUN
fsr-3281	116	24	vehicle	vehicle	NOUN
fsr-3281	116	25	(	(	PUNCT
fsr-3281	116	26	spv	spv	PROPN
fsr-3281	116	27	)	)	PUNCT
fsr-3281	116	28	and	and	CCONJ
fsr-3281	116	29	no	no	DET
fsr-3281	116	30	recourse	recourse	NOUN
fsr-3281	116	31	to	to	ADP
fsr-3281	116	32	the	the	DET
fsr-3281	116	33	assets	asset	NOUN
fsr-3281	116	34	of	of	ADP
fsr-3281	116	35	travelers	traveler	NOUN
fsr-3281	116	36	,	,	PUNCT
fsr-3281	116	37	the	the	DET
fsr-3281	116	38	possibility	possibility	NOUN
fsr-3281	116	39	of	of	ADP
fsr-3281	116	40	insolvency	insolvency	NOUN
fsr-3281	116	41	of	of	ADP
fsr-3281	116	42	the	the	DET
fsr-3281	116	43	issuer	issuer	NOUN
fsr-3281	116	44	and	and	CCONJ
fsr-3281	116	45	the	the	DET
fsr-3281	116	46	consequential	consequential	ADJ
fsr-3281	116	47	loss	loss	NOUN
fsr-3281	116	48	of	of	ADP
fsr-3281	116	49	some	some	PRON
fsr-3281	116	50	or	or	CCONJ
fsr-3281	116	51	all	all	PRON
fsr-3281	116	52	of	of	ADP
fsr-3281	116	53	their	their	PRON
fsr-3281	116	54	investment	investment	NOUN
fsr-3281	116	55	,	,	PUNCT
fsr-3281	116	56	potential	potential	ADJ
fsr-3281	116	57	negative	negative	ADJ
fsr-3281	116	58	tax	tax	NOUN
fsr-3281	116	59	consequences	consequence	NOUN
fsr-3281	116	60	,	,	PUNCT
fsr-3281	116	61	and	and	CCONJ
fsr-3281	116	62	limited	limited	ADJ
fsr-3281	116	63	liquidity	liquidity	NOUN
fsr-3281	116	64	.	.	PUNCT
fsr-3281	117	1	two	two	NUM
fsr-3281	117	2	additional	additional	ADJ
fsr-3281	117	3	examples	example	NOUN
fsr-3281	117	4	of	of	ADP
fsr-3281	117	5	cat	cat	NOUN
fsr-3281	117	6	bonds	bond	NOUN
fsr-3281	117	7	highlight	highlight	VERB
fsr-3281	117	8	the	the	DET
fsr-3281	117	9	differences	difference	NOUN
fsr-3281	117	10	in	in	ADP
fsr-3281	117	11	the	the	DET
fsr-3281	117	12	range	range	NOUN
fsr-3281	117	13	of	of	ADP
fsr-3281	117	14	area	area	NOUN
fsr-3281	117	15	covered	cover	VERB
fsr-3281	117	16	by	by	ADP
fsr-3281	117	17	the	the	DET
fsr-3281	117	18	underlying	underlying	ADJ
fsr-3281	117	19	event	event	NOUN
fsr-3281	117	20	.	.	PUNCT
fsr-3281	118	1	first	first	ADV
fsr-3281	118	2	,	,	PUNCT
fsr-3281	118	3	pennunion	pennunion	PROPN
fsr-3281	118	4	re	re	PROPN
fsr-3281	118	5	ltd	ltd	PROPN
fsr-3281	118	6	.	.	PROPN
fsr-3281	119	1	(	(	PUNCT
fsr-3281	119	2	series	series	PROPN
fsr-3281	119	3	2015–1	2015–1	NUM
fsr-3281	119	4	)	)	PUNCT
fsr-3281	119	5	was	be	AUX
fsr-3281	119	6	issued	issue	VERB
fsr-3281	119	7	october	october	PROPN
fsr-3281	119	8	2015	2015	NUM
fsr-3281	119	9	by	by	ADP
fsr-3281	119	10	cedent	cedent	PROPN
fsr-3281	119	11	amtrak	amtrak	PROPN
fsr-3281	119	12	to	to	PART
fsr-3281	119	13	cover	cover	VERB
fsr-3281	119	14	u.s	u.s	PROPN
fsr-3281	119	15	.	.	PROPN
fsr-3281	119	16	storm	storm	NOUN
fsr-3281	119	17	surge	surge	NOUN
fsr-3281	119	18	(	(	PUNCT
fsr-3281	119	19	new	new	PROPN
fsr-3281	119	20	york	york	PROPN
fsr-3281	119	21	city	city	PROPN
fsr-3281	119	22	and	and	CCONJ
fsr-3281	119	23	delaware	delaware	PROPN
fsr-3281	119	24	)	)	PUNCT
fsr-3281	119	25	and	and	CCONJ
fsr-3281	119	26	wind	wind	NOUN
fsr-3281	119	27	damage	damage	NOUN
fsr-3281	119	28	(	(	PUNCT
fsr-3281	119	29	connecticut	connecticut	PROPN
fsr-3281	119	30	,	,	PUNCT
fsr-3281	119	31	delaware	delaware	PROPN
fsr-3281	119	32	,	,	PUNCT
fsr-3281	119	33	maryland	maryland	PROPN
fsr-3281	119	34	,	,	PUNCT
fsr-3281	119	35	massachusetts	massachusetts	PROPN
fsr-3281	119	36	,	,	PUNCT
fsr-3281	119	37	new	new	PROPN
fsr-3281	119	38	jersey	jersey	PROPN
fsr-3281	119	39	,	,	PUNCT
fsr-3281	119	40	new	new	PROPN
fsr-3281	119	41	york	york	PROPN
fsr-3281	119	42	,	,	PUNCT
fsr-3281	119	43	pennsylvania	pennsylvania	PROPN
fsr-3281	119	44	,	,	PUNCT
fsr-3281	119	45	and	and	CCONJ
fsr-3281	119	46	rhode	rhode	PROPN
fsr-3281	119	47	island	island	NOUN
fsr-3281	119	48	)	)	PUNCT
fsr-3281	119	49	caused	cause	VERB
fsr-3281	119	50	from	from	ADP
fsr-3281	119	51	named	name	VERB
fsr-3281	119	52	storms	storm	NOUN
fsr-3281	119	53	or	or	CCONJ
fsr-3281	119	54	earthquakes	earthquake	NOUN
fsr-3281	119	55	.	.	PUNCT
fsr-3281	120	1	the	the	DET
fsr-3281	120	2	size	size	NOUN
fsr-3281	120	3	of	of	ADP
fsr-3281	120	4	the	the	DET
fsr-3281	120	5	issue	issue	NOUN
fsr-3281	120	6	was	be	AUX
fsr-3281	120	7	$	$	SYM
fsr-3281	120	8	275	275	NUM
fsr-3281	120	9	million	million	NUM
fsr-3281	120	10	.	.	PUNCT
fsr-3281	121	1	the	the	DET
fsr-3281	121	2	bond	bond	NOUN
fsr-3281	121	3	’s	’s	PART
fsr-3281	121	4	rating	rating	NOUN
fsr-3281	121	5	by	by	ADP
fsr-3281	121	6	s&p	s&p	PROPN
fsr-3281	121	7	was	be	AUX
fsr-3281	121	8	bb-	bb-	X
fsr-3281	121	9	.	.	PUNCT
fsr-3281	122	1	this	this	DET
fsr-3281	122	2	noninvestment	noninvestment	ADJ
fsr-3281	122	3	grade	grade	NOUN
fsr-3281	122	4	rating	rating	NOUN
fsr-3281	122	5	is	be	AUX
fsr-3281	122	6	typical	typical	ADJ
fsr-3281	122	7	within	within	ADP
fsr-3281	122	8	the	the	DET
fsr-3281	122	9	cat	cat	NOUN
fsr-3281	122	10	bond	bond	NOUN
fsr-3281	122	11	market	market	NOUN
fsr-3281	122	12	.	.	PUNCT
fsr-3281	123	1	as	as	ADP
fsr-3281	123	2	with	with	ADP
fsr-3281	123	3	most	most	ADJ
fsr-3281	123	4	cat	cat	NOUN
fsr-3281	123	5	bond	bond	NOUN
fsr-3281	123	6	issues	issue	NOUN
fsr-3281	123	7	,	,	PUNCT
fsr-3281	123	8	this	this	DET
fsr-3281	123	9	one	one	NUM
fsr-3281	123	10	originates	originate	NOUN
fsr-3281	123	11	in	in	ADP
fsr-3281	123	12	bermuda	bermuda	PROPN
fsr-3281	123	13	,	,	PUNCT
fsr-3281	123	14	one	one	NUM
fsr-3281	123	15	of	of	ADP
fsr-3281	123	16	the	the	DET
fsr-3281	123	17	leading	lead	VERB
fsr-3281	123	18	reinsurance	reinsurance	NOUN
fsr-3281	123	19	and	and	CCONJ
fsr-3281	123	20	cat	cat	NOUN
fsr-3281	123	21	bond	bond	NOUN
fsr-3281	123	22	issuing	issue	VERB
fsr-3281	123	23	countries	country	NOUN
fsr-3281	123	24	.	.	PUNCT
fsr-3281	124	1	the	the	DET
fsr-3281	124	2	second	second	ADJ
fsr-3281	124	3	example	example	NOUN
fsr-3281	124	4	is	be	AUX
fsr-3281	124	5	the	the	DET
fsr-3281	124	6	compass	compass	PROPN
fsr-3281	124	7	re	re	PROPN
fsr-3281	124	8	ii	ii	PROPN
fsr-3281	124	9	ltd	ltd	PROPN
fsr-3281	124	10	.	.	PROPN
fsr-3281	125	1	(	(	PUNCT
fsr-3281	125	2	series	series	PROPN
fsr-3281	125	3	2015–1	2015–1	NUM
fsr-3281	125	4	)	)	PUNCT
fsr-3281	125	5	issued	issue	VERB
fsr-3281	125	6	by	by	ADP
fsr-3281	125	7	one	one	NUM
fsr-3281	125	8	of	of	ADP
fsr-3281	125	9	the	the	DET
fsr-3281	125	10	leading	lead	VERB
fsr-3281	125	11	cedent	cedent	NOUN
fsr-3281	125	12	,	,	PUNCT
fsr-3281	125	13	aig	aig	PROPN
fsr-3281	125	14	.	.	PUNCT
fsr-3281	126	1	the	the	DET
fsr-3281	126	2	primary	primary	ADJ
fsr-3281	126	3	coverage	coverage	NOUN
fsr-3281	126	4	for	for	ADP
fsr-3281	126	5	this	this	DET
fsr-3281	126	6	bond	bond	NOUN
fsr-3281	126	7	is	be	AUX
fsr-3281	126	8	protection	protection	NOUN
fsr-3281	126	9	from	from	ADP
fsr-3281	126	10	u.s	u.s	PROPN
fsr-3281	126	11	.	.	PROPN
fsr-3281	126	12	wind	wind	NOUN
fsr-3281	126	13	damage	damage	NOUN
fsr-3281	126	14	.	.	PUNCT
fsr-3281	127	1	the	the	DET
fsr-3281	127	2	size	size	NOUN
fsr-3281	127	3	of	of	ADP
fsr-3281	127	4	the	the	DET
fsr-3281	127	5	issue	issue	NOUN
fsr-3281	127	6	was	be	AUX
fsr-3281	127	7	$	$	SYM
fsr-3281	127	8	300	300	NUM
fsr-3281	127	9	million	million	NUM
fsr-3281	127	10	.	.	PUNCT
fsr-3281	128	1	this	this	DET
fsr-3281	128	2	bond	bond	NOUN
fsr-3281	128	3	was	be	AUX
fsr-3281	128	4	rated	rate	VERB
fsr-3281	128	5	by	by	ADP
fsr-3281	128	6	fitch	fitch	PROPN
fsr-3281	128	7	at	at	ADP
fsr-3281	128	8	b	b	PROPN
fsr-3281	128	9	�	�	PROPN
fsr-3281	128	10	.	.	PUNCT
fsr-3281	129	1	the	the	DET
fsr-3281	129	2	coverage	coverage	NOUN
fsr-3281	129	3	area	area	NOUN
fsr-3281	129	4	is	be	AUX
fsr-3281	129	5	extensive	extensive	ADJ
fsr-3281	129	6	ranging	ranging	NOUN
fsr-3281	129	7	from	from	ADP
fsr-3281	129	8	the	the	DET
fsr-3281	129	9	gulf	gulf	PROPN
fsr-3281	129	10	to	to	ADP
fsr-3281	129	11	the	the	DET
fsr-3281	129	12	east	east	PROPN
fsr-3281	129	13	coast	coast	PROPN
fsr-3281	129	14	(	(	PUNCT
fsr-3281	129	15	texas	texas	PROPN
fsr-3281	129	16	through	through	ADP
fsr-3281	129	17	massachusetts	massachusetts	PROPN
fsr-3281	129	18	)	)	PUNCT
fsr-3281	129	19	.	.	PUNCT
fsr-3281	130	1	this	this	PRON
fsr-3281	130	2	is	be	AUX
fsr-3281	130	3	a	a	DET
fsr-3281	130	4	short	short	ADJ
fsr-3281	130	5	term	term	NOUN
fsr-3281	130	6	bond	bond	NOUN
fsr-3281	130	7	lasting	last	VERB
fsr-3281	130	8	from	from	ADP
fsr-3281	130	9	the	the	DET
fsr-3281	130	10	official	official	ADJ
fsr-3281	130	11	start	start	NOUN
fsr-3281	130	12	of	of	ADP
fsr-3281	130	13	the	the	DET
fsr-3281	130	14	hurricane	hurricane	NOUN
fsr-3281	130	15	season	season	NOUN
fsr-3281	130	16	(	(	PUNCT
fsr-3281	130	17	june	june	PROPN
fsr-3281	130	18	1	1	NUM
fsr-3281	130	19	through	through	ADP
fsr-3281	130	20	november	november	PROPN
fsr-3281	130	21	30	30	NUM
fsr-3281	130	22	)	)	PUNCT
fsr-3281	130	23	.	.	PUNCT
fsr-3281	131	1	this	this	DET
fsr-3281	131	2	bond	bond	NOUN
fsr-3281	131	3	was	be	AUX
fsr-3281	131	4	structured	structure	VERB
fsr-3281	131	5	as	as	ADP
fsr-3281	131	6	a	a	DET
fsr-3281	131	7	zero	zero	NUM
fsr-3281	131	8	coupon	coupon	NOUN
fsr-3281	131	9	bond	bond	NOUN
fsr-3281	131	10	.	.	PUNCT
fsr-3281	132	1	as	as	SCONJ
fsr-3281	132	2	shown	show	VERB
fsr-3281	132	3	in	in	ADP
fsr-3281	132	4	tables	table	NOUN
fsr-3281	132	5	2	2	NUM
fsr-3281	132	6	and	and	CCONJ
fsr-3281	132	7	3	3	NUM
fsr-3281	132	8	,	,	PUNCT
fsr-3281	132	9	the	the	DET
fsr-3281	132	10	extent	extent	NOUN
fsr-3281	132	11	of	of	ADP
fsr-3281	132	12	damages	damage	NOUN
fsr-3281	132	13	from	from	ADP
fsr-3281	132	14	major	major	ADJ
fsr-3281	132	15	catastrophe	catastrophe	NOUN
fsr-3281	132	16	events	event	NOUN
fsr-3281	132	17	has	have	AUX
fsr-3281	132	18	exposed	expose	VERB
fsr-3281	132	19	insurance	insurance	NOUN
fsr-3281	132	20	and	and	CCONJ
fsr-3281	132	21	reinsurance	reinsurance	NOUN
fsr-3281	132	22	firms	firm	NOUN
fsr-3281	132	23	to	to	ADP
fsr-3281	132	24	the	the	DET
fsr-3281	132	25	potential	potential	NOUN
fsr-3281	132	26	of	of	ADP
fsr-3281	132	27	huge	huge	ADJ
fsr-3281	132	28	losses	loss	NOUN
fsr-3281	132	29	.	.	PUNCT
fsr-3281	133	1	thus	thus	ADV
fsr-3281	133	2	,	,	PUNCT
fsr-3281	133	3	the	the	DET
fsr-3281	133	4	cat	cat	NOUN
fsr-3281	133	5	bond	bond	NOUN
fsr-3281	133	6	market	market	NOUN
fsr-3281	133	7	was	be	AUX
fsr-3281	133	8	created	create	VERB
fsr-3281	133	9	to	to	PART
fsr-3281	133	10	help	help	VERB
fsr-3281	133	11	further	far	ADV
fsr-3281	133	12	diversify	diversify	VERB
fsr-3281	133	13	the	the	DET
fsr-3281	133	14	risks	risk	NOUN
fsr-3281	133	15	beyond	beyond	ADP
fsr-3281	133	16	the	the	DET
fsr-3281	133	17	reinsurance	reinsurance	NOUN
fsr-3281	133	18	market	market	NOUN
fsr-3281	133	19	.	.	PUNCT
fsr-3281	134	1	3.2	3.2	NUM
fsr-3281	134	2	.	.	PUNCT
fsr-3281	134	3	cat	cat	NOUN
fsr-3281	134	4	bond	bond	NOUN
fsr-3281	134	5	structure	structure	NOUN
fsr-3281	134	6	cat	cat	NOUN
fsr-3281	134	7	bonds	bond	NOUN
fsr-3281	134	8	are	be	AUX
fsr-3281	134	9	issued	issue	VERB
fsr-3281	134	10	through	through	ADP
fsr-3281	134	11	a	a	DET
fsr-3281	134	12	spv	spv	NOUN
fsr-3281	134	13	to	to	PART
fsr-3281	134	14	separate	separate	VERB
fsr-3281	134	15	the	the	DET
fsr-3281	134	16	legal	legal	ADJ
fsr-3281	134	17	and	and	CCONJ
fsr-3281	134	18	financial	financial	ADJ
fsr-3281	134	19	liabilities	liability	NOUN
fsr-3281	134	20	of	of	ADP
fsr-3281	134	21	an	an	DET
fsr-3281	134	22	insurance	insurance	NOUN
fsr-3281	134	23	firm	firm	NOUN
fsr-3281	134	24	from	from	ADP
fsr-3281	134	25	the	the	DET
fsr-3281	134	26	liabilities	liability	NOUN
fsr-3281	134	27	associated	associate	VERB
fsr-3281	134	28	with	with	ADP
fsr-3281	134	29	the	the	DET
fsr-3281	134	30	bonds	bond	NOUN
fsr-3281	134	31	.	.	PUNCT
fsr-3281	135	1	similar	similar	ADJ
fsr-3281	135	2	to	to	ADP
fsr-3281	135	3	the	the	DET
fsr-3281	135	4	reinsurance	reinsurance	NOUN
fsr-3281	135	5	market	market	NOUN
fsr-3281	135	6	,	,	PUNCT
fsr-3281	135	7	cat	cat	NOUN
fsr-3281	135	8	bonds	bond	NOUN
fsr-3281	135	9	provide	provide	VERB
fsr-3281	135	10	insurance	insurance	NOUN
fsr-3281	135	11	firms	firm	NOUN
fsr-3281	135	12	an	an	DET
fsr-3281	135	13	opportunity	opportunity	NOUN
fsr-3281	135	14	to	to	PART
fsr-3281	135	15	offset	offset	VERB
fsr-3281	135	16	payout	payout	ADJ
fsr-3281	135	17	risk	risk	NOUN
fsr-3281	135	18	above	above	ADP
fsr-3281	135	19	a	a	DET
fsr-3281	135	20	predetermined	predetermine	VERB
fsr-3281	135	21	threshold	threshold	NOUN
fsr-3281	135	22	(	(	PUNCT
fsr-3281	135	23	trigger	trigger	NOUN
fsr-3281	135	24	event	event	NOUN
fsr-3281	135	25	)	)	PUNCT
fsr-3281	135	26	.	.	PUNCT
fsr-3281	136	1	in	in	ADP
fsr-3281	136	2	addition	addition	NOUN
fsr-3281	136	3	to	to	ADP
fsr-3281	136	4	insurance	insurance	NOUN
fsr-3281	136	5	firms	firm	NOUN
fsr-3281	136	6	,	,	PUNCT
fsr-3281	136	7	reinsurance	reinsurance	NOUN
fsr-3281	136	8	firms	firm	NOUN
fsr-3281	136	9	and	and	CCONJ
fsr-3281	136	10	some	some	DET
fsr-3281	136	11	government	government	NOUN
fsr-3281	136	12	(	(	PUNCT
fsr-3281	136	13	both	both	CCONJ
fsr-3281	136	14	foreign	foreign	ADJ
fsr-3281	136	15	and	and	CCONJ
fsr-3281	136	16	domestic	domestic	ADJ
fsr-3281	136	17	)	)	PUNCT
fsr-3281	136	18	agencies	agency	NOUN
fsr-3281	136	19	also	also	ADV
fsr-3281	136	20	issue	issue	VERB
fsr-3281	136	21	cat	cat	NOUN
fsr-3281	136	22	bonds	bond	NOUN
fsr-3281	136	23	.	.	PUNCT
fsr-3281	137	1	based	base	VERB
fsr-3281	137	2	on	on	ADP
fsr-3281	137	3	the	the	DET
fsr-3281	137	4	underlying	underlying	ADJ
fsr-3281	137	5	event	event	NOUN
fsr-3281	137	6	being	be	AUX
fsr-3281	137	7	covered	cover	VERB
fsr-3281	137	8	,	,	PUNCT
fsr-3281	137	9	the	the	DET
fsr-3281	137	10	spv	spv	NOUN
fsr-3281	137	11	sets	set	VERB
fsr-3281	137	12	the	the	DET
fsr-3281	137	13	terms	term	NOUN
fsr-3281	137	14	for	for	ADP
fsr-3281	137	15	the	the	DET
fsr-3281	137	16	bonds	bond	NOUN
fsr-3281	137	17	(	(	PUNCT
fsr-3281	137	18	i.e.	i.e.	X
fsr-3281	137	19	,	,	PUNCT
fsr-3281	137	20	coupon	coupon	NOUN
fsr-3281	137	21	rate	rate	NOUN
fsr-3281	137	22	,	,	PUNCT
fsr-3281	137	23	maturity	maturity	NOUN
fsr-3281	137	24	,	,	PUNCT
fsr-3281	137	25	amount	amount	NOUN
fsr-3281	137	26	,	,	PUNCT
fsr-3281	137	27	and	and	CCONJ
fsr-3281	137	28	most	most	ADV
fsr-3281	137	29	importantly	importantly	ADV
fsr-3281	137	30	,	,	PUNCT
fsr-3281	137	31	defining	define	VERB
fsr-3281	137	32	the	the	DET
fsr-3281	137	33	trigger	trigger	NOUN
fsr-3281	137	34	event	event	NOUN
fsr-3281	137	35	)	)	PUNCT
fsr-3281	137	36	.	.	PUNCT
fsr-3281	138	1	as	as	ADP
fsr-3281	138	2	with	with	ADP
fsr-3281	138	3	all	all	DET
fsr-3281	138	4	bond	bond	NOUN
fsr-3281	138	5	issues	issue	NOUN
fsr-3281	138	6	,	,	PUNCT
fsr-3281	138	7	the	the	DET
fsr-3281	138	8	terms	term	NOUN
fsr-3281	138	9	of	of	ADP
fsr-3281	138	10	the	the	DET
fsr-3281	138	11	contract	contract	NOUN
fsr-3281	138	12	must	must	AUX
fsr-3281	138	13	be	be	AUX
fsr-3281	138	14	spelled	spell	VERB
fsr-3281	138	15	out	out	ADP
fsr-3281	138	16	within	within	ADP
fsr-3281	138	17	the	the	DET
fsr-3281	138	18	bond	bond	NOUN
fsr-3281	138	19	indenture	indenture	NOUN
fsr-3281	138	20	.	.	PUNCT
fsr-3281	139	1	after	after	SCONJ
fsr-3281	139	2	the	the	DET
fsr-3281	139	3	terms	term	NOUN
fsr-3281	139	4	of	of	ADP
fsr-3281	139	5	the	the	DET
fsr-3281	139	6	bond	bond	NOUN
fsr-3281	139	7	are	be	AUX
fsr-3281	139	8	set	set	VERB
fsr-3281	139	9	,	,	PUNCT
fsr-3281	139	10	the	the	DET
fsr-3281	139	11	spv	spv	PROPN
fsr-3281	139	12	issues	issue	VERB
fsr-3281	139	13	the	the	DET
fsr-3281	139	14	cat	cat	NOUN
fsr-3281	139	15	bonds	bond	NOUN
fsr-3281	139	16	to	to	ADP
fsr-3281	139	17	investors	investor	NOUN
fsr-3281	139	18	.	.	PUNCT
fsr-3281	140	1	the	the	DET
fsr-3281	140	2	principal	principal	NOUN
fsr-3281	140	3	(	(	PUNCT
fsr-3281	140	4	selling	sell	VERB
fsr-3281	140	5	price	price	NOUN
fsr-3281	140	6	)	)	PUNCT
fsr-3281	140	7	is	be	AUX
fsr-3281	140	8	then	then	ADV
fsr-3281	140	9	deposited	deposit	VERB
fsr-3281	140	10	into	into	ADP
fsr-3281	140	11	a	a	DET
fsr-3281	140	12	collateral	collateral	ADJ
fsr-3281	140	13	account	account	NOUN
fsr-3281	140	14	.	.	PUNCT
fsr-3281	141	1	additionally	additionally	ADV
fsr-3281	141	2	,	,	PUNCT
fsr-3281	141	3	part	part	NOUN
fsr-3281	141	4	of	of	ADP
fsr-3281	141	5	the	the	DET
fsr-3281	141	6	insurance	insurance	NOUN
fsr-3281	141	7	premiums	premium	NOUN
fsr-3281	141	8	are	be	AUX
fsr-3281	141	9	transferred	transfer	VERB
fsr-3281	141	10	on	on	ADP
fsr-3281	141	11	a	a	DET
fsr-3281	141	12	periodic	periodic	ADJ
fsr-3281	141	13	basis	basis	NOUN
fsr-3281	141	14	to	to	ADP
fsr-3281	141	15	the	the	DET
fsr-3281	141	16	spv	spv	NOUN
fsr-3281	141	17	as	as	ADP
fsr-3281	141	18	additional	additional	ADJ
fsr-3281	141	19	collateral	collateral	NOUN
fsr-3281	141	20	.	.	PUNCT
fsr-3281	142	1	both	both	CCONJ
fsr-3281	142	2	the	the	DET
fsr-3281	142	3	principal	principal	NOUN
fsr-3281	142	4	and	and	CCONJ
fsr-3281	142	5	the	the	DET
fsr-3281	142	6	partial	partial	ADJ
fsr-3281	142	7	premiums	premium	NOUN
fsr-3281	142	8	are	be	AUX
fsr-3281	142	9	held	hold	VERB
fsr-3281	142	10	until	until	SCONJ
fsr-3281	142	11	they	they	PRON
fsr-3281	142	12	are	be	AUX
fsr-3281	142	13	earned	earn	VERB
fsr-3281	142	14	by	by	ADP
fsr-3281	142	15	the	the	DET
fsr-3281	142	16	bondholders	bondholder	NOUN
fsr-3281	142	17	.	.	PUNCT
fsr-3281	143	1	to	to	PART
fsr-3281	143	2	maximize	maximize	VERB
fsr-3281	143	3	returns	return	NOUN
fsr-3281	143	4	to	to	ADP
fsr-3281	143	5	the	the	DET
fsr-3281	143	6	underlying	underlie	VERB
fsr-3281	143	7	firm	firm	NOUN
fsr-3281	143	8	,	,	PUNCT
fsr-3281	143	9	these	these	DET
fsr-3281	143	10	held	hold	VERB
fsr-3281	143	11	funds	fund	NOUN
fsr-3281	143	12	are	be	AUX
fsr-3281	143	13	reinvested	reinveste	VERB
fsr-3281	143	14	in	in	ADP
fsr-3281	143	15	low	low	ADJ
fsr-3281	143	16	risk	risk	NOUN
fsr-3281	143	17	securities	security	NOUN
fsr-3281	143	18	typically	typically	ADV
fsr-3281	143	19	highly	highly	ADV
fsr-3281	143	20	rated	rate	VERB
fsr-3281	143	21	money	money	NOUN
fsr-3281	143	22	market	market	NOUN
fsr-3281	143	23	funds	fund	NOUN
fsr-3281	143	24	.	.	PUNCT
fsr-3281	144	1	these	these	DET
fsr-3281	144	2	combined	combine	VERB
fsr-3281	144	3	cash	cash	NOUN
fsr-3281	144	4	flows	flow	NOUN
fsr-3281	144	5	are	be	AUX
fsr-3281	144	6	used	use	VERB
fsr-3281	144	7	to	to	PART
fsr-3281	144	8	pay	pay	VERB
fsr-3281	144	9	the	the	DET
fsr-3281	144	10	cat	cat	NOUN
fsr-3281	144	11	bond	bond	NOUN
fsr-3281	144	12	coupons	coupon	NOUN
fsr-3281	144	13	that	that	PRON
fsr-3281	144	14	are	be	AUX
fsr-3281	144	15	commonly	commonly	ADV
fsr-3281	144	16	floating	float	VERB
fsr-3281	144	17	rate	rate	NOUN
fsr-3281	144	18	issues	issue	NOUN
fsr-3281	144	19	(	(	PUNCT
fsr-3281	144	20	based	base	VERB
fsr-3281	144	21	on	on	ADP
fsr-3281	144	22	three	three	NUM
fsr-3281	144	23	-	-	PUNCT
fsr-3281	144	24	month	month	NOUN
fsr-3281	144	25	rates	rate	NOUN
fsr-3281	144	26	such	such	ADJ
fsr-3281	144	27	as	as	ADP
fsr-3281	144	28	from	from	ADP
fsr-3281	144	29	treasury	treasury	PROPN
fsr-3281	144	30	bills	bill	NOUN
fsr-3281	144	31	plus	plus	CCONJ
fsr-3281	144	32	a	a	DET
fsr-3281	144	33	fixed	fix	VERB
fsr-3281	144	34	spread	spread	NOUN
fsr-3281	144	35	)	)	PUNCT
fsr-3281	144	36	.	.	PUNCT
fsr-3281	145	1	the	the	DET
fsr-3281	145	2	typical	typical	ADJ
fsr-3281	145	3	maturity	maturity	NOUN
fsr-3281	145	4	for	for	ADP
fsr-3281	145	5	cat	cat	NOUN
fsr-3281	145	6	bonds	bond	NOUN
fsr-3281	145	7	is	be	AUX
fsr-3281	145	8	three	three	NUM
fsr-3281	145	9	years	year	NOUN
fsr-3281	145	10	and	and	CCONJ
fsr-3281	145	11	ranges	range	VERB
fsr-3281	145	12	from	from	ADP
fsr-3281	145	13	one	one	NUM
fsr-3281	145	14	to	to	PART
fsr-3281	145	15	five	five	NUM
fsr-3281	145	16	years	year	NOUN
fsr-3281	145	17	with	with	ADP
fsr-3281	145	18	coupon	coupon	NOUN
fsr-3281	145	19	resets	reset	NOUN
fsr-3281	145	20	on	on	ADP
fsr-3281	145	21	an	an	DET
fsr-3281	145	22	annual	annual	ADJ
fsr-3281	145	23	basis	basis	NOUN
fsr-3281	145	24	with	with	ADP
fsr-3281	145	25	payments	payment	NOUN
fsr-3281	145	26	of	of	ADP
fsr-3281	145	27	quarterly	quarterly	ADJ
fsr-3281	145	28	coupons	coupon	NOUN
fsr-3281	145	29	.	.	PUNCT
fsr-3281	146	1	because	because	SCONJ
fsr-3281	146	2	the	the	DET
fsr-3281	146	3	investors	investor	NOUN
fsr-3281	146	4	’	’	PART
fsr-3281	146	5	coupon	coupon	NOUN
fsr-3281	146	6	,	,	PUNCT
fsr-3281	146	7	or	or	CCONJ
fsr-3281	146	8	interest	interest	NOUN
fsr-3281	146	9	payments	payment	NOUN
fsr-3281	146	10	,	,	PUNCT
fsr-3281	146	11	are	be	AUX
fsr-3281	146	12	made	make	VERB
fsr-3281	146	13	up	up	ADP
fsr-3281	146	14	of	of	ADP
fsr-3281	146	15	interest	interest	NOUN
fsr-3281	146	16	the	the	DET
fsr-3281	146	17	spv	spv	NOUN
fsr-3281	146	18	makes	make	VERB
fsr-3281	146	19	from	from	ADP
fsr-3281	146	20	the	the	DET
fsr-3281	146	21	collateral	collateral	NOUN
fsr-3281	146	22	and	and	CCONJ
fsr-3281	146	23	the	the	DET
fsr-3281	146	24	premiums	premium	NOUN
fsr-3281	146	25	the	the	DET
fsr-3281	146	26	sponsor	sponsor	NOUN
fsr-3281	146	27	pays	pay	VERB
fsr-3281	146	28	,	,	PUNCT
fsr-3281	146	29	this	this	DET
fsr-3281	146	30	aspect	aspect	NOUN
fsr-3281	146	31	of	of	ADP
fsr-3281	146	32	the	the	DET
fsr-3281	146	33	cat	cat	NOUN
fsr-3281	146	34	bond	bond	NOUN
fsr-3281	146	35	returns	return	NOUN
fsr-3281	146	36	is	be	AUX
fsr-3281	146	37	very	very	ADV
fsr-3281	146	38	safe	safe	ADJ
fsr-3281	146	39	.	.	PUNCT
fsr-3281	147	1	the	the	DET
fsr-3281	147	2	size	size	NOUN
fsr-3281	147	3	of	of	ADP
fsr-3281	147	4	a	a	DET
fsr-3281	147	5	cat	cat	NOUN
fsr-3281	147	6	bond	bond	NOUN
fsr-3281	147	7	issue	issue	NOUN
fsr-3281	147	8	is	be	AUX
fsr-3281	147	9	typically	typically	ADV
fsr-3281	147	10	309r.j	309r.j	NUM
fsr-3281	147	11	.	.	PUNCT
fsr-3281	148	1	kish	kish	PROPN
fsr-3281	148	2	/	/	SYM
fsr-3281	148	3	financial	financial	ADJ
fsr-3281	148	4	services	service	NOUN
fsr-3281	148	5	review	review	VERB
fsr-3281	148	6	25	25	NUM
fsr-3281	148	7	(	(	PUNCT
fsr-3281	148	8	2016	2016	NUM
fsr-3281	148	9	)	)	PUNCT
fsr-3281	148	10	303–329	303–329	NUM
fsr-3281	148	11	table	table	NOUN
fsr-3281	148	12	2	2	NUM
fsr-3281	148	13	the	the	DET
fsr-3281	148	14	25	25	NUM
fsr-3281	148	15	most	most	ADV
fsr-3281	148	16	costly	costly	ADJ
fsr-3281	148	17	insurance	insurance	NOUN
fsr-3281	148	18	losses	loss	NOUN
fsr-3281	148	19	from	from	ADP
fsr-3281	148	20	natural	natural	ADJ
fsr-3281	148	21	disasters	disaster	NOUN
fsr-3281	148	22	(	(	PUNCT
fsr-3281	148	23	1970–2014	1970–2014	NUM
fsr-3281	148	24	)	)	PUNCT
fsr-3281	148	25	ranka	ranka	PROPN
fsr-3281	148	26	,	,	PUNCT
fsr-3281	148	27	b	b	PROPN
fsr-3281	148	28	insured	insured	ADJ
fsr-3281	148	29	loss	loss	NOUN
fsr-3281	148	30	(	(	PUNCT
fsr-3281	148	31	bn)c	bn)c	PROPN
fsr-3281	148	32	victimsd	victimsd	PROPN
fsr-3281	148	33	date	date	NOUN
fsr-3281	148	34	(	(	PUNCT
fsr-3281	148	35	start	start	NOUN
fsr-3281	148	36	)	)	PUNCT
fsr-3281	148	37	event	event	NOUN
fsr-3281	148	38	country	country	NOUN
fsr-3281	148	39	1	1	NUM
fsr-3281	148	40	*	*	NOUN
fsr-3281	148	41	#	#	NOUN
fsr-3281	148	42	$	$	SYM
fsr-3281	148	43	78.638	78.638	NUM
fsr-3281	148	44	1,836	1,836	NUM
fsr-3281	148	45	8/25/2005	8/25/2005	NUM
fsr-3281	148	46	hurricane	hurricane	PROPN
fsr-3281	148	47	katrina	katrina	PROPN
fsr-3281	148	48	;	;	PUNCT
fsr-3281	148	49	storm	storm	NOUN
fsr-3281	148	50	surge	surge	NOUN
fsr-3281	148	51	,	,	PUNCT
fsr-3281	148	52	damage	damage	NOUN
fsr-3281	148	53	to	to	ADP
fsr-3281	148	54	oil	oil	NOUN
fsr-3281	148	55	rigs	rig	NOUN
fsr-3281	148	56	united	united	PROPN
fsr-3281	148	57	states	states	PROPN
fsr-3281	148	58	,	,	PUNCT
fsr-3281	148	59	gulf	gulf	PROPN
fsr-3281	148	60	of	of	ADP
fsr-3281	148	61	mexico	mexico	PROPN
fsr-3281	148	62	,	,	PUNCT
fsr-3281	148	63	bahamas	bahama	NOUN
fsr-3281	148	64	2	2	NUM
fsr-3281	148	65	$	$	SYM
fsr-3281	148	66	36.828	36.828	NUM
fsr-3281	148	67	18,520	18,520	NUM
fsr-3281	148	68	3/11/2011	3/11/2011	NUM
fsr-3281	148	69	earthquake	earthquake	NOUN
fsr-3281	148	70	(	(	PUNCT
fsr-3281	148	71	mw	mw	X
fsr-3281	148	72	9.0)e	9.0)e	PROPN
fsr-3281	148	73	triggers	trigger	NOUN
fsr-3281	148	74	tsunami	tsunami	NOUN
fsr-3281	148	75	japan	japan	PROPN
fsr-3281	148	76	3	3	NUM
fsr-3281	148	77	#	#	NOUN
fsr-3281	148	78	$	$	SYM
fsr-3281	148	79	36.079	36.079	NUM
fsr-3281	148	80	237	237	NUM
fsr-3281	148	81	10/24/2012	10/24/2012	NUM
fsr-3281	148	82	hurricane	hurricane	NOUN
fsr-3281	148	83	sandy	sandy	NOUN
fsr-3281	148	84	;	;	PUNCT
fsr-3281	148	85	massive	massive	ADJ
fsr-3281	148	86	storm	storm	NOUN
fsr-3281	148	87	surge	surge	NOUN
fsr-3281	148	88	united	united	PROPN
fsr-3281	148	89	states	states	PROPN
fsr-3281	148	90	,	,	PUNCT
fsr-3281	148	91	caribbean	caribbean	ADJ
fsr-3281	148	92	4	4	NUM
fsr-3281	148	93	*	*	NOUN
fsr-3281	148	94	#	#	NOUN
fsr-3281	148	95	$	$	SYM
fsr-3281	148	96	26.990	26.990	NUM
fsr-3281	148	97	43	43	NUM
fsr-3281	148	98	8/23/1992	8/23/1992	NUM
fsr-3281	148	99	hurricane	hurricane	NOUN
fsr-3281	148	100	andrew	andrew	PROPN
fsr-3281	148	101	;	;	PUNCT
fsr-3281	148	102	floods	flood	NOUN
fsr-3281	148	103	united	united	PROPN
fsr-3281	148	104	states	states	PROPN
fsr-3281	148	105	,	,	PUNCT
fsr-3281	148	106	bahamas	bahama	NOUN
fsr-3281	148	107	5	5	NUM
fsr-3281	149	1	$	$	SYM
fsr-3281	149	2	25.104	25.104	NUM
fsr-3281	149	3	2982	2982	NUM
fsr-3281	149	4	9/11/2001	9/11/2001	NUM
fsr-3281	149	5	terror	terror	NOUN
fsr-3281	149	6	attack	attack	NOUN
fsr-3281	149	7	on	on	ADP
fsr-3281	149	8	wtc	wtc	PROPN
fsr-3281	149	9	,	,	PUNCT
fsr-3281	149	10	pentagon	pentagon	PROPN
fsr-3281	149	11	,	,	PUNCT
fsr-3281	149	12	other	other	ADJ
fsr-3281	149	13	buildings	building	NOUN
fsr-3281	149	14	united	unite	VERB
fsr-3281	149	15	states	states	PROPN
fsr-3281	149	16	6	6	NUM
fsr-3281	149	17	$	$	SYM
fsr-3281	149	18	22.355	22.355	NUM
fsr-3281	149	19	61	61	NUM
fsr-3281	149	20	1/17/1994	1/17/1994	NUM
fsr-3281	149	21	northridge	northridge	NOUN
fsr-3281	149	22	earthquake	earthquake	NOUN
fsr-3281	149	23	(	(	PUNCT
fsr-3281	149	24	mw	mw	VERB
fsr-3281	149	25	6.6	6.6	NUM
fsr-3281	149	26	)	)	PUNCT
fsr-3281	149	27	united	united	PROPN
fsr-3281	149	28	states	states	PROPN
fsr-3281	149	29	7	7	NUM
fsr-3281	149	30	*	*	NOUN
fsr-3281	149	31	#	#	NOUN
fsr-3281	149	32	$	$	SYM
fsr-3281	149	33	22.258	22.258	NUM
fsr-3281	149	34	136	136	NUM
fsr-3281	149	35	9/6/2008	9/6/2008	NOUN
fsr-3281	149	36	hurricane	hurricane	PROPN
fsr-3281	149	37	ike	ike	PROPN
fsr-3281	149	38	united	united	PROPN
fsr-3281	149	39	states	states	PROPN
fsr-3281	149	40	,	,	PUNCT
fsr-3281	149	41	caribbean	caribbean	ADJ
fsr-3281	149	42	,	,	PUNCT
fsr-3281	149	43	gulf	gulf	PROPN
fsr-3281	149	44	of	of	ADP
fsr-3281	149	45	mexico	mexico	PROPN
fsr-3281	149	46	8	8	NUM
fsr-3281	149	47	$	$	SYM
fsr-3281	149	48	16.836	16.836	NUM
fsr-3281	149	49	181	181	NUM
fsr-3281	149	50	2/22/2011	2/22/2011	NUM
fsr-3281	149	51	earthquake	earthquake	NOUN
fsr-3281	149	52	(	(	PUNCT
fsr-3281	149	53	mw	mw	VERB
fsr-3281	149	54	6.3	6.3	NUM
fsr-3281	149	55	)	)	PUNCT
fsr-3281	149	56	aftershocks	aftershock	NOUN
fsr-3281	149	57	new	new	ADJ
fsr-3281	149	58	zealand	zealand	PROPN
fsr-3281	149	59	9	9	NUM
fsr-3281	149	60	*	*	NOUN
fsr-3281	149	61	#	#	NOUN
fsr-3281	149	62	$	$	SYM
fsr-3281	149	63	16.157	16.157	NUM
fsr-3281	149	64	119	119	NUM
fsr-3281	149	65	9/2/2004	9/2/2004	NUM
fsr-3281	149	66	hurricane	hurricane	NOUN
fsr-3281	149	67	ivan	ivan	PROPN
fsr-3281	149	68	;	;	PUNCT
fsr-3281	150	1	damage	damage	NOUN
fsr-3281	150	2	to	to	ADP
fsr-3281	150	3	oil	oil	NOUN
fsr-3281	150	4	rigs	rig	NOUN
fsr-3281	150	5	united	united	PROPN
fsr-3281	150	6	states	states	PROPN
fsr-3281	150	7	,	,	PUNCT
fsr-3281	150	8	caribbean	caribbean	ADJ
fsr-3281	150	9	,	,	PUNCT
fsr-3281	150	10	barbados	barbado	NOUN
fsr-3281	150	11	10	10	NUM
fsr-3281	150	12	$	$	SYM
fsr-3281	150	13	15.783	15.783	NUM
fsr-3281	150	14	815	815	NUM
fsr-3281	150	15	7/27/2011	7/27/2011	NUM
fsr-3281	150	16	floods	flood	NOUN
fsr-3281	150	17	caused	cause	VERB
fsr-3281	150	18	by	by	ADP
fsr-3281	150	19	monsoon	monsoon	NOUN
fsr-3281	150	20	rains	rain	NOUN
fsr-3281	150	21	thailand	thailand	PROPN
fsr-3281	150	22	11	11	NUM
fsr-3281	150	23	*	*	NOUN
fsr-3281	150	24	#	#	NOUN
fsr-3281	150	25	$	$	SYM
fsr-3281	150	26	15.234	15.234	NUM
fsr-3281	150	27	35	35	NUM
fsr-3281	150	28	10/19/2005	10/19/2005	NUM
fsr-3281	150	29	hurricane	hurricane	PROPN
fsr-3281	150	30	wilma	wilma	PROPN
fsr-3281	150	31	;	;	PUNCT
fsr-3281	150	32	torrential	torrential	ADJ
fsr-3281	150	33	rain	rain	NOUN
fsr-3281	150	34	,	,	PUNCT
fsr-3281	150	35	floods	flood	NOUN
fsr-3281	150	36	united	united	PROPN
fsr-3281	150	37	states	states	PROPN
fsr-3281	150	38	,	,	PUNCT
fsr-3281	150	39	mexico	mexico	PROPN
fsr-3281	150	40	,	,	PUNCT
fsr-3281	150	41	jamaica	jamaica	PROPN
fsr-3281	150	42	,	,	PUNCT
fsr-3281	150	43	haiti	haiti	PROPN
fsr-3281	150	44	12	12	NUM
fsr-3281	150	45	#	#	NOUN
fsr-3281	150	46	$	$	SYM
fsr-3281	150	47	12.240	12.240	NUM
fsr-3281	150	48	34	34	NUM
fsr-3281	150	49	9/20/2005	9/20/2005	NUM
fsr-3281	150	50	hurricane	hurricane	PROPN
fsr-3281	150	51	rita	rita	PROPN
fsr-3281	150	52	;	;	PUNCT
fsr-3281	150	53	floods	flood	NOUN
fsr-3281	150	54	,	,	PUNCT
fsr-3281	150	55	damage	damage	NOUN
fsr-3281	150	56	to	to	ADP
fsr-3281	150	57	oil	oil	NOUN
fsr-3281	150	58	rigs	rig	NOUN
fsr-3281	150	59	united	united	PROPN
fsr-3281	150	60	states	states	PROPN
fsr-3281	150	61	,	,	PUNCT
fsr-3281	150	62	gulf	gulf	PROPN
fsr-3281	150	63	of	of	ADP
fsr-3281	150	64	mexico	mexico	PROPN
fsr-3281	150	65	,	,	PUNCT
fsr-3281	150	66	cuba	cuba	PROPN
fsr-3281	150	67	13	13	NUM
fsr-3281	150	68	$	$	SYM
fsr-3281	150	69	11.339	11.339	NUM
fsr-3281	150	70	123	123	NUM
fsr-3281	150	71	7/15/2012	7/15/2012	NUM
fsr-3281	150	72	drought	drought	NOUN
fsr-3281	150	73	in	in	ADP
fsr-3281	150	74	the	the	DET
fsr-3281	150	75	corn	corn	NOUN
fsr-3281	150	76	belt	belt	NOUN
fsr-3281	150	77	united	united	PROPN
fsr-3281	150	78	states	states	PROPN
fsr-3281	150	79	14	14	NUM
fsr-3281	150	80	*	*	NOUN
fsr-3281	150	81	#	#	NOUN
fsr-3281	150	82	$	$	SYM
fsr-3281	150	83	10.087	10.087	NUM
fsr-3281	150	84	24	24	NUM
fsr-3281	150	85	8/11/2004	8/11/2004	NUM
fsr-3281	150	86	hurricane	hurricane	NOUN
fsr-3281	150	87	charley	charley	PROPN
fsr-3281	150	88	united	united	PROPN
fsr-3281	150	89	states	states	PROPN
fsr-3281	150	90	,	,	PUNCT
fsr-3281	150	91	cuba	cuba	PROPN
fsr-3281	150	92	,	,	PUNCT
fsr-3281	150	93	jamaica	jamaica	PROPN
fsr-3281	150	94	15	15	NUM
fsr-3281	150	95	$	$	SYM
fsr-3281	150	96	9.813	9.813	NUM
fsr-3281	150	97	51	51	NUM
fsr-3281	150	98	9/27/1991	9/27/1991	NUM
fsr-3281	150	99	typhoon	typhoon	NOUN
fsr-3281	150	100	mireille	mireille	PROPN
fsr-3281	150	101	japan	japan	PROPN
fsr-3281	150	102	16	16	NUM
fsr-3281	150	103	#	#	PROPN
fsr-3281	150	104	$	$	SYM
fsr-3281	150	105	8.730	8.730	NUM
fsr-3281	150	106	71	71	NUM
fsr-3281	150	107	9/15/1989	9/15/1989	NUM
fsr-3281	150	108	hurricane	hurricane	PROPN
fsr-3281	150	109	hugo	hugo	PROPN
fsr-3281	150	110	united	united	PROPN
fsr-3281	150	111	states	states	PROPN
fsr-3281	150	112	,	,	PUNCT
fsr-3281	150	113	puerto	puerto	PROPN
fsr-3281	150	114	rico	rico	PROPN
fsr-3281	150	115	17	17	NUM
fsr-3281	150	116	$	$	SYM
fsr-3281	150	117	8.682	8.682	NUM
fsr-3281	150	118	562	562	NUM
fsr-3281	150	119	2/27/2010	2/27/2010	NUM
fsr-3281	150	120	earthquake	earthquake	NOUN
fsr-3281	150	121	(	(	PUNCT
fsr-3281	150	122	mw	mw	X
fsr-3281	150	123	8.8	8.8	NUM
fsr-3281	150	124	)	)	PUNCT
fsr-3281	150	125	triggers	trigger	VERB
fsr-3281	150	126	tsunami	tsunami	NOUN
fsr-3281	150	127	chile	chile	VERB
fsr-3281	150	128	18	18	NUM
fsr-3281	150	129	$	$	SYM
fsr-3281	150	130	8.458	8.458	NUM
fsr-3281	150	131	95	95	NUM
fsr-3281	150	132	1/24/1990	1/24/1990	NUM
fsr-3281	150	133	winter	winter	NOUN
fsr-3281	150	134	storm	storm	NOUN
fsr-3281	150	135	daria	daria	PROPN
fsr-3281	150	136	france	france	PROPN
fsr-3281	150	137	,	,	PUNCT
fsr-3281	150	138	united	united	PROPN
fsr-3281	150	139	kingdom	kingdom	PROPN
fsr-3281	150	140	19	19	NUM
fsr-3281	150	141	$	$	SYM
fsr-3281	150	142	8.241	8.241	NUM
fsr-3281	150	143	110	110	NUM
fsr-3281	150	144	12/25/1999	12/25/1999	NUM
fsr-3281	150	145	winter	winter	NOUN
fsr-3281	150	146	storm	storm	NOUN
fsr-3281	150	147	lothar	lothar	PROPN
fsr-3281	150	148	switzerland	switzerland	PROPN
fsr-3281	150	149	,	,	PUNCT
fsr-3281	150	150	united	united	PROPN
fsr-3281	150	151	states	states	PROPN
fsr-3281	150	152	,	,	PUNCT
fsr-3281	150	153	france	france	PROPN
fsr-3281	150	154	20	20	NUM
fsr-3281	150	155	$	$	SYM
fsr-3281	150	156	7.681	7.681	NUM
fsr-3281	150	157	321	321	NUM
fsr-3281	150	158	4/22/2011	4/22/2011	NUM
fsr-3281	150	159	major	major	ADJ
fsr-3281	150	160	tornado	tornado	NOUN
fsr-3281	150	161	outbreak	outbreak	NOUN
fsr-3281	150	162	:	:	PUNCT
fsr-3281	150	163	343	343	NUM
fsr-3281	150	164	tornadoes	tornado	NOUN
fsr-3281	150	165	;	;	PUNCT
fsr-3281	150	166	hail	hail	PROPN
fsr-3281	150	167	united	united	PROPN
fsr-3281	150	168	states	states	PROPN
fsr-3281	150	169	21	21	NUM
fsr-3281	150	170	$	$	SYM
fsr-3281	150	171	7.418	7.418	NUM
fsr-3281	150	172	177	177	NUM
fsr-3281	150	173	5/20/2011	5/20/2011	NUM
fsr-3281	150	174	major	major	ADJ
fsr-3281	150	175	tornado	tornado	NOUN
fsr-3281	150	176	outbreak	outbreak	NOUN
fsr-3281	150	177	:	:	PUNCT
fsr-3281	150	178	180	180	NUM
fsr-3281	150	179	tornadoes	tornado	NOUN
fsr-3281	150	180	united	united	PROPN
fsr-3281	150	181	states	states	PROPN
fsr-3281	150	182	22	22	NUM
fsr-3281	150	183	$	$	SYM
fsr-3281	150	184	6.959	6.959	NUM
fsr-3281	150	185	54	54	NUM
fsr-3281	150	186	1/18/2007	1/18/2007	NUM
fsr-3281	150	187	winter	winter	NOUN
fsr-3281	150	188	storm	storm	NOUN
fsr-3281	150	189	kyrill	kyrill	NOUN
fsr-3281	150	190	;	;	PUNCT
fsr-3281	150	191	floods	floods	PROPN
fsr-3281	150	192	germany	germany	PROPN
fsr-3281	150	193	,	,	PUNCT
fsr-3281	150	194	united	united	ADJ
fsr-3281	150	195	kingdom	kingdom	PROPN
fsr-3281	150	196	23	23	NUM
fsr-3281	150	197	$	$	SYM
fsr-3281	150	198	6.456	6.456	NUM
fsr-3281	150	199	22	22	NUM
fsr-3281	150	200	10/15/1987	10/15/1987	NUM
fsr-3281	150	201	storms	storm	NOUN
fsr-3281	150	202	and	and	CCONJ
fsr-3281	150	203	floods	flood	NOUN
fsr-3281	150	204	in	in	ADP
fsr-3281	150	205	europe	europe	PROPN
fsr-3281	150	206	france	france	PROPN
fsr-3281	150	207	,	,	PUNCT
fsr-3281	150	208	united	united	ADJ
fsr-3281	150	209	kingdom	kingdom	PROPN
fsr-3281	150	210	24	24	NUM
fsr-3281	150	211	#	#	NOUN
fsr-3281	150	212	$	$	SYM
fsr-3281	150	213	6.449	6.449	NUM
fsr-3281	150	214	38	38	NUM
fsr-3281	150	215	8/26/2004	8/26/2004	NUM
fsr-3281	150	216	hurricane	hurricane	NOUN
fsr-3281	150	217	frances	france	NOUN
fsr-3281	150	218	united	united	PROPN
fsr-3281	150	219	states	states	PROPN
fsr-3281	150	220	bahamas	bahamas	PROPN
fsr-3281	150	221	25	25	NUM
fsr-3281	150	222	$	$	SYM
fsr-3281	150	223	6.134	6.134	NUM
fsr-3281	150	224	50	50	NUM
fsr-3281	150	225	8/22/2011	8/22/2011	NUM
fsr-3281	150	226	hurricane	hurricane	NOUN
fsr-3281	150	227	irene	irene	NOUN
fsr-3281	150	228	;	;	PUNCT
fsr-3281	150	229	torrential	torrential	ADJ
fsr-3281	150	230	rainfall	rainfall	NOUN
fsr-3281	150	231	,	,	PUNCT
fsr-3281	150	232	flooding	flood	VERB
fsr-3281	150	233	united	united	PROPN
fsr-3281	150	234	states	states	PROPN
fsr-3281	150	235	,	,	PUNCT
fsr-3281	150	236	canada	canada	PROPN
fsr-3281	150	237	,	,	PUNCT
fsr-3281	150	238	bahamas	bahamas	PROPN
fsr-3281	150	239	a	a	PROPN
fsr-3281	150	240	(	(	PUNCT
fsr-3281	150	241	*	*	NOUN
fsr-3281	150	242	)	)	PUNCT
fsr-3281	150	243	also	also	ADV
fsr-3281	150	244	listed	list	VERB
fsr-3281	150	245	under	under	ADP
fsr-3281	150	246	bankrate.com	bankrate.com	PROPN
fsr-3281	150	247	’s	’s	PART
fsr-3281	150	248	“	"	PUNCT
fsr-3281	150	249	10	10	NUM
fsr-3281	150	250	costliest	costly	ADJ
fsr-3281	150	251	natural	natural	ADJ
fsr-3281	150	252	disasters	disaster	NOUN
fsr-3281	150	253	.	.	PUNCT
fsr-3281	151	1	other	other	ADJ
fsr-3281	151	2	disasters	disaster	NOUN
fsr-3281	151	3	not	not	PART
fsr-3281	151	4	included	include	VERB
fsr-3281	151	5	in	in	ADP
fsr-3281	151	6	the	the	DET
fsr-3281	151	7	above	above	ADJ
fsr-3281	151	8	table	table	NOUN
fsr-3281	151	9	include	include	VERB
fsr-3281	151	10	:	:	PUNCT
fsr-3281	151	11	1988	1988	NUM
fsr-3281	151	12	drought	drought	NOUN
fsr-3281	151	13	and	and	CCONJ
fsr-3281	151	14	heat	heat	NOUN
fsr-3281	151	15	wave	wave	NOUN
fsr-3281	151	16	affecting	affect	VERB
fsr-3281	151	17	central	central	ADJ
fsr-3281	151	18	and	and	CCONJ
fsr-3281	151	19	eastern	eastern	ADJ
fsr-3281	151	20	united	united	PROPN
fsr-3281	151	21	states	states	PROPN
fsr-3281	151	22	(	(	PUNCT
fsr-3281	151	23	$	$	SYM
fsr-3281	151	24	76.4	76.4	NUM
fsr-3281	151	25	billion	billion	NUM
fsr-3281	151	26	damages	damage	NOUN
fsr-3281	151	27	and	and	CCONJ
fsr-3281	151	28	5,000	5,000	NUM
fsr-3281	151	29	to	to	PART
fsr-3281	151	30	10,000	10,000	NUM
fsr-3281	151	31	deaths	death	NOUN
fsr-3281	151	32	)	)	PUNCT
fsr-3281	151	33	;	;	PUNCT
fsr-3281	151	34	1994	1994	NUM
fsr-3281	151	35	northridge	northridge	PROPN
fsr-3281	151	36	earthquake	earthquake	NOUN
fsr-3281	151	37	in	in	ADP
fsr-3281	151	38	california	california	PROPN
fsr-3281	151	39	(	(	PUNCT
fsr-3281	151	40	$	$	SYM
fsr-3281	151	41	67	67	NUM
fsr-3281	151	42	billion	billion	NUM
fsr-3281	151	43	in	in	ADP
fsr-3281	151	44	damages	damage	NOUN
fsr-3281	151	45	and	and	CCONJ
fsr-3281	151	46	60	60	NUM
fsr-3281	151	47	deaths	death	NOUN
fsr-3281	151	48	)	)	PUNCT
fsr-3281	151	49	;	;	PUNCT
fsr-3281	151	50	1980	1980	NUM
fsr-3281	151	51	drought	drought	NOUN
fsr-3281	151	52	and	and	CCONJ
fsr-3281	151	53	heatwave	heatwave	AUX
fsr-3281	151	54	affecting	affect	VERB
fsr-3281	151	55	central	central	ADJ
fsr-3281	151	56	and	and	CCONJ
fsr-3281	151	57	eastern	eastern	ADJ
fsr-3281	151	58	united	united	PROPN
fsr-3281	151	59	states	states	PROPN
fsr-3281	151	60	(	(	PUNCT
fsr-3281	151	61	$	$	SYM
fsr-3281	151	62	54.8	54.8	NUM
fsr-3281	151	63	billion	billion	NUM
fsr-3281	151	64	damages	damage	NOUN
fsr-3281	151	65	and	and	CCONJ
fsr-3281	151	66	10,000	10,000	NUM
fsr-3281	151	67	deaths	death	NOUN
fsr-3281	151	68	)	)	PUNCT
fsr-3281	151	69	;	;	PUNCT
fsr-3281	151	70	and	and	CCONJ
fsr-3281	151	71	1993	1993	NUM
fsr-3281	151	72	midwest	midwest	NOUN
fsr-3281	151	73	floods	flood	NOUN
fsr-3281	151	74	affecting	affect	VERB
fsr-3281	151	75	central	central	ADJ
fsr-3281	151	76	united	united	PROPN
fsr-3281	151	77	states	states	PROPN
fsr-3281	151	78	(	(	PUNCT
fsr-3281	151	79	32.8	32.8	NUM
fsr-3281	151	80	billion	billion	NUM
fsr-3281	151	81	damages	damage	NOUN
fsr-3281	151	82	and	and	CCONJ
fsr-3281	151	83	48	48	NUM
fsr-3281	151	84	deaths	death	NOUN
fsr-3281	151	85	.	.	PUNCT
fsr-3281	152	1	(	(	PUNCT
fsr-3281	152	2	source	source	NOUN
fsr-3281	152	3	:	:	PUNCT
fsr-3281	152	4	http://	http://	PROPN
fsr-3281	152	5	www.bankrate.com/finance/insurance/top-10-costliest-natural-disasters-1.aspx	www.bankrate.com/finance/insurance/top-10-costliest-natural-disasters-1.aspx	NOUN
fsr-3281	152	6	)	)	PUNCT
fsr-3281	152	7	.	.	PUNCT
fsr-3281	153	1	b	b	X
fsr-3281	153	2	(	(	PUNCT
fsr-3281	153	3	#	#	NOUN
fsr-3281	153	4	)	)	PUNCT
fsr-3281	153	5	also	also	ADV
fsr-3281	153	6	listed	list	VERB
fsr-3281	153	7	under	under	ADP
fsr-3281	153	8	cnbc.com	cnbc.com	X
fsr-3281	153	9	’s	’s	PART
fsr-3281	153	10	“	"	PUNCT
fsr-3281	153	11	10	10	NUM
fsr-3281	153	12	-	-	PUNCT
fsr-3281	153	13	most	most	ADV
fsr-3281	153	14	expensive	expensive	ADJ
fsr-3281	153	15	hurricanes	hurricane	NOUN
fsr-3281	153	16	in	in	ADP
fsr-3281	153	17	u.s	u.s	PROPN
fsr-3281	153	18	.	.	PROPN
fsr-3281	153	19	history	history	NOUN
fsr-3281	153	20	(	(	PUNCT
fsr-3281	153	21	source	source	NOUN
fsr-3281	153	22	:	:	PUNCT
fsr-3281	153	23	http://www.cnbc.com/2013/10/03/the-10-most-expensive-hurricanes-in-the-history-of-the-united-states.html?slide�11	http://www.cnbc.com/2013/10/03/the-10-most-expensive-hurricanes-in-the-history-of-the-united-states.html?slide�11	NOUN
fsr-3281	153	24	)	)	PUNCT
fsr-3281	153	25	.	.	PUNCT
fsr-3281	154	1	c	c	NOUN
fsr-3281	154	2	table	table	NOUN
fsr-3281	154	3	values	value	NOUN
fsr-3281	154	4	in	in	ADP
fsr-3281	154	5	us$	us$	SYM
fsr-3281	154	6	billion	billion	NUM
fsr-3281	154	7	,	,	PUNCT
fsr-3281	154	8	2014	2014	NUM
fsr-3281	154	9	prices	price	NOUN
fsr-3281	154	10	.	.	PUNCT
fsr-3281	155	1	d	d	NOUN
fsr-3281	155	2	dead	dead	ADJ
fsr-3281	155	3	or	or	CCONJ
fsr-3281	155	4	missing	missing	ADJ
fsr-3281	155	5	.	.	PUNCT
fsr-3281	156	1	e	e	NOUN
fsr-3281	156	2	mw	mw	X
fsr-3281	156	3	is	be	AUX
fsr-3281	156	4	the	the	DET
fsr-3281	156	5	earthquate	earthquate	ADJ
fsr-3281	156	6	magnitude	magnitude	NOUN
fsr-3281	156	7	scale	scale	NOUN
fsr-3281	156	8	(	(	PUNCT
fsr-3281	156	9	mw	mw	X
fsr-3281	156	10	�	�	PROPN
fsr-3281	156	11	2/3	2/3	NUM
fsr-3281	156	12	log10	log10	PROPN
fsr-3281	156	13	(	(	PUNCT
fsr-3281	156	14	mo	mo	PROPN
fsr-3281	156	15	)	)	PUNCT
fsr-3281	156	16	�	�	PROPN
fsr-3281	156	17	10.7	10.7	NUM
fsr-3281	156	18	where	where	SCONJ
fsr-3281	156	19	mo	mo	PROPN
fsr-3281	156	20	is	be	AUX
fsr-3281	156	21	the	the	DET
fsr-3281	156	22	seismic	seismic	ADJ
fsr-3281	156	23	moment	moment	NOUN
fsr-3281	156	24	)	)	PUNCT
fsr-3281	156	25	.	.	PUNCT
fsr-3281	157	1	source	source	NOUN
fsr-3281	157	2	:	:	PUNCT
fsr-3281	157	3	swiss	swiss	PROPN
fsr-3281	157	4	re	re	PROPN
fsr-3281	157	5	sigma	sigma	PROPN
fsr-3281	157	6	no	no	PRON
fsr-3281	157	7	.	.	PUNCT
fsr-3281	158	1	2/2015	2/2015	NUM
fsr-3281	158	2	.	.	PUNCT
fsr-3281	158	3	310	310	NUM
fsr-3281	158	4	r.j	r.j	PROPN
fsr-3281	158	5	.	.	PROPN
fsr-3281	158	6	kish	kish	PROPN
fsr-3281	158	7	/	/	SYM
fsr-3281	158	8	financial	financial	ADJ
fsr-3281	158	9	services	service	NOUN
fsr-3281	158	10	review	review	VERB
fsr-3281	158	11	25	25	NUM
fsr-3281	158	12	(	(	PUNCT
fsr-3281	158	13	2016	2016	NUM
fsr-3281	158	14	)	)	PUNCT
fsr-3281	159	1	303–329	303–329	NUM
fsr-3281	159	2	over	over	ADP
fsr-3281	159	3	$	$	SYM
fsr-3281	159	4	100	100	NUM
fsr-3281	159	5	million	million	NUM
fsr-3281	159	6	to	to	PART
fsr-3281	159	7	help	help	VERB
fsr-3281	159	8	compensate	compensate	VERB
fsr-3281	159	9	for	for	ADP
fsr-3281	159	10	the	the	DET
fsr-3281	159	11	transaction	transaction	NOUN
fsr-3281	159	12	costs	cost	NOUN
fsr-3281	159	13	,	,	PUNCT
fsr-3281	159	14	modeling	model	VERB
fsr-3281	159	15	risks	risk	NOUN
fsr-3281	159	16	,	,	PUNCT
fsr-3281	159	17	and	and	CCONJ
fsr-3281	159	18	marketing	marketing	NOUN
fsr-3281	159	19	fees	fee	NOUN
fsr-3281	159	20	.	.	PUNCT
fsr-3281	160	1	although	although	SCONJ
fsr-3281	160	2	cat	cat	NOUN
fsr-3281	160	3	bonds	bond	NOUN
fsr-3281	160	4	have	have	VERB
fsr-3281	160	5	a	a	DET
fsr-3281	160	6	low	low	ADJ
fsr-3281	160	7	probability	probability	NOUN
fsr-3281	160	8	that	that	SCONJ
fsr-3281	160	9	the	the	DET
fsr-3281	160	10	underlying	underlie	VERB
fsr-3281	160	11	catastrophe	catastrophe	NOUN
fsr-3281	160	12	will	will	AUX
fsr-3281	160	13	occur	occur	VERB
fsr-3281	160	14	and	and	CCONJ
fsr-3281	160	15	consequential	consequential	ADJ
fsr-3281	160	16	forfeiture	forfeiture	NOUN
fsr-3281	160	17	of	of	ADP
fsr-3281	160	18	principal	principal	NOUN
fsr-3281	160	19	and	and	CCONJ
fsr-3281	160	20	future	future	ADJ
fsr-3281	160	21	coupons	coupon	NOUN
fsr-3281	160	22	,	,	PUNCT
fsr-3281	160	23	they	they	PRON
fsr-3281	160	24	are	be	AUX
fsr-3281	160	25	still	still	ADV
fsr-3281	160	26	classified	classify	VERB
fsr-3281	160	27	as	as	ADP
fsr-3281	160	28	high	high	ADJ
fsr-3281	160	29	risk	risk	NOUN
fsr-3281	160	30	bonds	bond	NOUN
fsr-3281	160	31	.	.	PUNCT
fsr-3281	161	1	thus	thus	ADV
fsr-3281	161	2	,	,	PUNCT
fsr-3281	161	3	they	they	PRON
fsr-3281	161	4	are	be	AUX
fsr-3281	161	5	usually	usually	ADV
fsr-3281	161	6	rated	rate	VERB
fsr-3281	161	7	within	within	ADP
fsr-3281	161	8	the	the	DET
fsr-3281	161	9	bb	bb	PROPN
fsr-3281	161	10	,	,	PUNCT
fsr-3281	161	11	b	b	NOUN
fsr-3281	161	12	,	,	PUNCT
fsr-3281	161	13	and	and	CCONJ
fsr-3281	161	14	ccc	ccc	PROPN
fsr-3281	161	15	categories	category	NOUN
fsr-3281	161	16	,	,	PUNCT
fsr-3281	161	17	which	which	PRON
fsr-3281	161	18	indicates	indicate	VERB
fsr-3281	161	19	non	non	ADJ
fsr-3281	161	20	-	-	NOUN
fsr-3281	161	21	investment	investment	ADJ
fsr-3281	161	22	(	(	PUNCT
fsr-3281	161	23	high	high	ADJ
fsr-3281	161	24	yield	yield	NOUN
fsr-3281	161	25	or	or	CCONJ
fsr-3281	161	26	junk	junk	NOUN
fsr-3281	161	27	)	)	PUNCT
fsr-3281	161	28	grade	grade	NOUN
fsr-3281	161	29	securities	security	NOUN
fsr-3281	161	30	by	by	ADP
fsr-3281	161	31	the	the	DET
fsr-3281	161	32	three	three	NUM
fsr-3281	161	33	large	large	ADJ
fsr-3281	161	34	rating	rating	NOUN
fsr-3281	161	35	agencies	agency	NOUN
fsr-3281	161	36	(	(	PUNCT
fsr-3281	161	37	fitch	fitch	PROPN
fsr-3281	161	38	,	,	PUNCT
fsr-3281	161	39	moody	moody	NOUN
fsr-3281	161	40	’s	’s	PART
fsr-3281	161	41	,	,	PUNCT
fsr-3281	161	42	and	and	CCONJ
fsr-3281	161	43	s&p	s&p	PROPN
fsr-3281	161	44	)	)	PUNCT
fsr-3281	161	45	.	.	PUNCT
fsr-3281	162	1	although	although	SCONJ
fsr-3281	162	2	the	the	DET
fsr-3281	162	3	rating	rating	NOUN
fsr-3281	162	4	agencies	agency	NOUN
fsr-3281	162	5	,	,	PUNCT
fsr-3281	162	6	the	the	DET
fsr-3281	162	7	insurance	insurance	NOUN
fsr-3281	162	8	firms	firm	NOUN
fsr-3281	162	9	,	,	PUNCT
fsr-3281	162	10	and	and	CCONJ
fsr-3281	162	11	reinsurance	reinsurance	NOUN
fsr-3281	162	12	firms	firm	NOUN
fsr-3281	162	13	have	have	VERB
fsr-3281	162	14	their	their	PRON
fsr-3281	162	15	own	own	ADJ
fsr-3281	162	16	security	security	NOUN
fsr-3281	162	17	analysts	analyst	NOUN
fsr-3281	162	18	,	,	PUNCT
fsr-3281	162	19	a	a	DET
fsr-3281	162	20	few	few	ADJ
fsr-3281	162	21	key	key	ADJ
fsr-3281	162	22	firms	firm	NOUN
fsr-3281	162	23	specializing	specialize	VERB
fsr-3281	162	24	in	in	ADP
fsr-3281	162	25	risk	risk	NOUN
fsr-3281	162	26	assessment	assessment	NOUN
fsr-3281	162	27	(	(	PUNCT
fsr-3281	162	28	i.e.	i.e.	X
fsr-3281	162	29	,	,	PUNCT
fsr-3281	162	30	probability	probability	NOUN
fsr-3281	162	31	modeling	modeling	NOUN
fsr-3281	162	32	,	,	PUNCT
fsr-3281	162	33	weather	weather	NOUN
fsr-3281	162	34	forecasts	forecast	NOUN
fsr-3281	162	35	,	,	PUNCT
fsr-3281	162	36	seismology	seismology	NOUN
fsr-3281	162	37	,	,	PUNCT
fsr-3281	162	38	and	and	CCONJ
fsr-3281	162	39	other	other	ADJ
fsr-3281	162	40	technical	technical	ADJ
fsr-3281	162	41	factors	factor	NOUN
fsr-3281	162	42	associated	associate	VERB
fsr-3281	162	43	with	with	ADP
fsr-3281	162	44	the	the	DET
fsr-3281	162	45	events	event	NOUN
fsr-3281	162	46	being	be	AUX
fsr-3281	162	47	analyzed	analyze	VERB
fsr-3281	162	48	)	)	PUNCT
fsr-3281	162	49	dominate	dominate	VERB
fsr-3281	162	50	the	the	DET
fsr-3281	162	51	analysis	analysis	NOUN
fsr-3281	162	52	of	of	ADP
fsr-3281	162	53	this	this	DET
fsr-3281	162	54	type	type	NOUN
fsr-3281	162	55	of	of	ADP
fsr-3281	162	56	bond	bond	NOUN
fsr-3281	162	57	from	from	ADP
fsr-3281	162	58	both	both	CCONJ
fsr-3281	162	59	the	the	DET
fsr-3281	162	60	buyer	buyer	NOUN
fsr-3281	162	61	’s	’s	PART
fsr-3281	162	62	and	and	CCONJ
fsr-3281	162	63	seller	seller	NOUN
fsr-3281	162	64	’s	’s	PART
fsr-3281	162	65	vantage	vantage	NOUN
fsr-3281	162	66	.	.	PUNCT
fsr-3281	163	1	catastrophe	catastrophe	NOUN
fsr-3281	163	2	modeling	modeling	NOUN
fsr-3281	163	3	is	be	AUX
fsr-3281	163	4	vital	vital	ADJ
fsr-3281	163	5	to	to	ADP
fsr-3281	163	6	cat	cat	NOUN
fsr-3281	163	7	bond	bond	NOUN
fsr-3281	163	8	transactions	transaction	NOUN
fsr-3281	163	9	to	to	PART
fsr-3281	163	10	provide	provide	VERB
fsr-3281	163	11	analysis	analysis	NOUN
fsr-3281	163	12	and	and	CCONJ
fsr-3281	163	13	measurement	measurement	NOUN
fsr-3281	163	14	of	of	ADP
fsr-3281	163	15	events	event	NOUN
fsr-3281	163	16	which	which	PRON
fsr-3281	163	17	could	could	AUX
fsr-3281	163	18	cause	cause	VERB
fsr-3281	163	19	a	a	DET
fsr-3281	163	20	loss	loss	NOUN
fsr-3281	163	21	,	,	PUNCT
fsr-3281	163	22	as	as	ADV
fsr-3281	163	23	well	well	ADV
fsr-3281	163	24	as	as	ADP
fsr-3281	163	25	,	,	PUNCT
fsr-3281	163	26	to	to	PART
fsr-3281	163	27	define	define	VERB
fsr-3281	163	28	the	the	DET
fsr-3281	163	29	exposed	expose	VERB
fsr-3281	163	30	geographical	geographical	ADJ
fsr-3281	163	31	region	region	NOUN
fsr-3281	163	32	.	.	PUNCT
fsr-3281	164	1	bond	bond	NOUN
fsr-3281	164	2	modeling	modeling	NOUN
fsr-3281	164	3	is	be	AUX
fsr-3281	164	4	much	much	ADV
fsr-3281	164	5	more	more	ADV
fsr-3281	164	6	prevalent	prevalent	ADJ
fsr-3281	164	7	within	within	ADP
fsr-3281	164	8	the	the	DET
fsr-3281	164	9	u.s	u.s	PROPN
fsr-3281	164	10	.	.	PROPN
fsr-3281	164	11	market	market	NOUN
fsr-3281	164	12	because	because	SCONJ
fsr-3281	164	13	of	of	ADP
fsr-3281	164	14	the	the	DET
fsr-3281	164	15	amount	amount	NOUN
fsr-3281	164	16	of	of	ADP
fsr-3281	164	17	historical	historical	ADJ
fsr-3281	164	18	data	datum	NOUN
fsr-3281	164	19	available	available	ADJ
fsr-3281	164	20	.	.	PUNCT
fsr-3281	165	1	these	these	DET
fsr-3281	165	2	analysts	analyst	NOUN
fsr-3281	165	3	rely	rely	VERB
fsr-3281	165	4	on	on	ADP
fsr-3281	165	5	the	the	DET
fsr-3281	165	6	modeling	modeling	NOUN
fsr-3281	165	7	of	of	ADP
fsr-3281	165	8	historical	historical	ADJ
fsr-3281	165	9	and	and	CCONJ
fsr-3281	165	10	simulated	simulated	ADJ
fsr-3281	165	11	data	datum	NOUN
fsr-3281	165	12	to	to	PART
fsr-3281	165	13	estimate	estimate	VERB
fsr-3281	165	14	the	the	DET
fsr-3281	165	15	likelihood	likelihood	NOUN
fsr-3281	165	16	of	of	ADP
fsr-3281	165	17	a	a	DET
fsr-3281	165	18	catastrophic	catastrophic	ADJ
fsr-3281	165	19	event	event	NOUN
fsr-3281	165	20	occurring	occur	VERB
fsr-3281	165	21	and	and	CCONJ
fsr-3281	165	22	the	the	DET
fsr-3281	165	23	financial	financial	ADJ
fsr-3281	165	24	impact	impact	NOUN
fsr-3281	165	25	of	of	ADP
fsr-3281	165	26	the	the	DET
fsr-3281	165	27	event	event	NOUN
fsr-3281	165	28	if	if	SCONJ
fsr-3281	165	29	it	it	PRON
fsr-3281	165	30	occurs	occur	VERB
fsr-3281	165	31	.	.	PUNCT
fsr-3281	166	1	thus	thus	ADV
fsr-3281	166	2	,	,	PUNCT
fsr-3281	166	3	mutual	mutual	ADJ
fsr-3281	166	4	and	and	CCONJ
fsr-3281	166	5	hedge	hedge	NOUN
fsr-3281	166	6	fund	fund	NOUN
fsr-3281	166	7	investors	investor	NOUN
fsr-3281	166	8	with	with	ADP
fsr-3281	166	9	cat	cat	NOUN
fsr-3281	166	10	bond	bond	NOUN
fsr-3281	166	11	holdings	holding	NOUN
fsr-3281	166	12	are	be	AUX
fsr-3281	166	13	at	at	ADP
fsr-3281	166	14	a	a	DET
fsr-3281	166	15	disadvantage	disadvantage	NOUN
fsr-3281	166	16	to	to	ADP
fsr-3281	166	17	the	the	DET
fsr-3281	166	18	insurance	insurance	NOUN
fsr-3281	166	19	and	and	CCONJ
fsr-3281	166	20	reinsurance	reinsurance	NOUN
fsr-3281	166	21	firms	firm	NOUN
fsr-3281	166	22	when	when	SCONJ
fsr-3281	166	23	undertaking	undertake	VERB
fsr-3281	166	24	the	the	DET
fsr-3281	166	25	risk	risk	NOUN
fsr-3281	166	26	assessment	assessment	NOUN
fsr-3281	166	27	of	of	ADP
fsr-3281	166	28	cat	cat	NOUN
fsr-3281	166	29	bond	bond	NOUN
fsr-3281	166	30	holdings	holding	NOUN
fsr-3281	166	31	.	.	PUNCT
fsr-3281	167	1	this	this	PRON
fsr-3281	167	2	is	be	AUX
fsr-3281	167	3	definitely	definitely	ADV
fsr-3281	167	4	not	not	PART
fsr-3281	167	5	a	a	DET
fsr-3281	167	6	level	level	NOUN
fsr-3281	167	7	playing	playing	NOUN
fsr-3281	167	8	field	field	NOUN
fsr-3281	167	9	.	.	PUNCT
fsr-3281	168	1	one	one	NUM
fsr-3281	168	2	other	other	ADJ
fsr-3281	168	3	distinct	distinct	ADJ
fsr-3281	168	4	disadvantage	disadvantage	NOUN
fsr-3281	168	5	to	to	ADP
fsr-3281	168	6	the	the	DET
fsr-3281	168	7	potential	potential	ADJ
fsr-3281	168	8	investor	investor	NOUN
fsr-3281	168	9	,	,	PUNCT
fsr-3281	168	10	is	be	AUX
fsr-3281	168	11	that	that	SCONJ
fsr-3281	168	12	these	these	DET
fsr-3281	168	13	bonds	bond	NOUN
fsr-3281	168	14	are	be	AUX
fsr-3281	168	15	not	not	PART
fsr-3281	168	16	subject	subject	ADJ
fsr-3281	168	17	to	to	ADP
fsr-3281	168	18	sec	sec	PROPN
fsr-3281	168	19	registration	registration	NOUN
fsr-3281	168	20	and	and	CCONJ
fsr-3281	168	21	disclosure	disclosure	NOUN
fsr-3281	168	22	requirements	requirement	NOUN
fsr-3281	168	23	.	.	PUNCT
fsr-3281	169	1	besides	besides	SCONJ
fsr-3281	169	2	the	the	DET
fsr-3281	169	3	risk	risk	NOUN
fsr-3281	169	4	of	of	ADP
fsr-3281	169	5	a	a	DET
fsr-3281	169	6	triggering	trigger	VERB
fsr-3281	169	7	event	event	NOUN
fsr-3281	169	8	,	,	PUNCT
fsr-3281	169	9	cat	cat	NOUN
fsr-3281	169	10	bondholders	bondholder	NOUN
fsr-3281	169	11	are	be	AUX
fsr-3281	169	12	also	also	ADV
fsr-3281	169	13	exposed	expose	VERB
fsr-3281	169	14	to	to	ADP
fsr-3281	169	15	additional	additional	ADJ
fsr-3281	169	16	risks	risk	NOUN
fsr-3281	169	17	.	.	PUNCT
fsr-3281	170	1	as	as	SCONJ
fsr-3281	170	2	previously	previously	ADV
fsr-3281	170	3	mentioned	mention	VERB
fsr-3281	170	4	,	,	PUNCT
fsr-3281	170	5	there	there	PRON
fsr-3281	170	6	is	be	VERB
fsr-3281	170	7	modeling	model	VERB
fsr-3281	170	8	risk	risk	NOUN
fsr-3281	170	9	.	.	PUNCT
fsr-3281	171	1	even	even	ADV
fsr-3281	171	2	the	the	DET
fsr-3281	171	3	best	good	ADJ
fsr-3281	171	4	models	model	NOUN
fsr-3281	171	5	can	can	AUX
fsr-3281	171	6	not	not	PART
fsr-3281	171	7	fully	fully	ADV
fsr-3281	171	8	table	table	VERB
fsr-3281	171	9	3	3	NUM
fsr-3281	171	10	disasters	disaster	NOUN
fsr-3281	171	11	consequences	consequence	VERB
fsr-3281	171	12	disasters	disaster	NOUN
fsr-3281	171	13	natural	natural	ADJ
fsr-3281	171	14	man	man	NOUN
fsr-3281	171	15	-	-	PUNCT
fsr-3281	171	16	made	make	VERB
fsr-3281	171	17	no	no	NOUN
fsr-3281	171	18	.	.	PUNCT
fsr-3281	172	1	victims	victim	NOUN
fsr-3281	172	2	natural	natural	ADJ
fsr-3281	172	3	man	man	NOUN
fsr-3281	172	4	-	-	PUNCT
fsr-3281	172	5	made	make	VERB
fsr-3281	172	6	victims	victim	NOUN
fsr-3281	172	7	2010	2010	NUM
fsr-3281	172	8	304	304	NUM
fsr-3281	172	9	167	167	NUM
fsr-3281	172	10	(	(	PUNCT
fsr-3281	172	11	55	55	NUM
fsr-3281	172	12	%	%	NOUN
fsr-3281	172	13	)	)	PUNCT
fsr-3281	172	14	137	137	NUM
fsr-3281	172	15	(	(	PUNCT
fsr-3281	172	16	45	45	NUM
fsr-3281	172	17	%	%	NOUN
fsr-3281	172	18	)	)	PUNCT
fsr-3281	172	19	303,573	303,573	NUM
fsr-3281	172	20	297,127	297,127	NUM
fsr-3281	172	21	(	(	PUNCT
fsr-3281	172	22	98	98	NUM
fsr-3281	172	23	%	%	NOUN
fsr-3281	172	24	)	)	PUNCT
fsr-3281	172	25	6,446	6,446	NUM
fsr-3281	172	26	(	(	PUNCT
fsr-3281	172	27	2	2	NUM
fsr-3281	172	28	%	%	NOUN
fsr-3281	172	29	)	)	PUNCT
fsr-3281	172	30	2011	2011	NUM
fsr-3281	172	31	325	325	NUM
fsr-3281	172	32	175	175	NUM
fsr-3281	172	33	(	(	PUNCT
fsr-3281	172	34	54	54	NUM
fsr-3281	172	35	%	%	NOUN
fsr-3281	172	36	)	)	PUNCT
fsr-3281	172	37	150	150	NUM
fsr-3281	172	38	(	(	PUNCT
fsr-3281	172	39	46	46	NUM
fsr-3281	172	40	%	%	NOUN
fsr-3281	172	41	)	)	PUNCT
fsr-3281	172	42	34,729	34,729	NUM
fsr-3281	172	43	29,026	29,026	NUM
fsr-3281	172	44	(	(	PUNCT
fsr-3281	172	45	84	84	NUM
fsr-3281	172	46	%	%	NOUN
fsr-3281	172	47	)	)	PUNCT
fsr-3281	172	48	5,703	5,703	NUM
fsr-3281	172	49	(	(	PUNCT
fsr-3281	172	50	16	16	NUM
fsr-3281	172	51	%	%	NOUN
fsr-3281	172	52	)	)	PUNCT
fsr-3281	172	53	2012	2012	NUM
fsr-3281	172	54	318	318	NUM
fsr-3281	172	55	168	168	NUM
fsr-3281	172	56	(	(	PUNCT
fsr-3281	172	57	53	53	NUM
fsr-3281	172	58	%	%	NOUN
fsr-3281	172	59	)	)	PUNCT
fsr-3281	172	60	150	150	NUM
fsr-3281	172	61	(	(	PUNCT
fsr-3281	172	62	47	47	NUM
fsr-3281	172	63	%	%	NOUN
fsr-3281	172	64	)	)	PUNCT
fsr-3281	172	65	13,929	13,929	NUM
fsr-3281	172	66	8,948	8,948	NUM
fsr-3281	172	67	(	(	PUNCT
fsr-3281	172	68	64	64	NUM
fsr-3281	172	69	%	%	NOUN
fsr-3281	172	70	)	)	PUNCT
fsr-3281	172	71	4,981	4,981	NUM
fsr-3281	172	72	(	(	PUNCT
fsr-3281	172	73	36	36	NUM
fsr-3281	172	74	%	%	NOUN
fsr-3281	172	75	)	)	PUNCT
fsr-3281	172	76	2013	2013	NUM
fsr-3281	172	77	325	325	NUM
fsr-3281	172	78	166	166	NUM
fsr-3281	172	79	(	(	PUNCT
fsr-3281	172	80	51	51	NUM
fsr-3281	172	81	%	%	NOUN
fsr-3281	172	82	)	)	PUNCT
fsr-3281	172	83	159	159	NUM
fsr-3281	172	84	(	(	PUNCT
fsr-3281	172	85	49	49	NUM
fsr-3281	172	86	%	%	NOUN
fsr-3281	172	87	)	)	PUNCT
fsr-3281	172	88	25,903	25,903	NUM
fsr-3281	172	89	20,201	20,201	NUM
fsr-3281	172	90	(	(	PUNCT
fsr-3281	172	91	78	78	NUM
fsr-3281	172	92	%	%	NOUN
fsr-3281	172	93	)	)	PUNCT
fsr-3281	172	94	5,702	5,702	NUM
fsr-3281	172	95	(	(	PUNCT
fsr-3281	172	96	22	22	NUM
fsr-3281	172	97	%	%	NOUN
fsr-3281	172	98	)	)	PUNCT
fsr-3281	172	99	2014	2014	NUM
fsr-3281	172	100	336	336	NUM
fsr-3281	172	101	189	189	NUM
fsr-3281	172	102	(	(	PUNCT
fsr-3281	172	103	56	56	NUM
fsr-3281	172	104	%	%	NOUN
fsr-3281	172	105	)	)	PUNCT
fsr-3281	172	106	147	147	NUM
fsr-3281	172	107	(	(	PUNCT
fsr-3281	172	108	44	44	NUM
fsr-3281	172	109	%	%	NOUN
fsr-3281	172	110	)	)	PUNCT
fsr-3281	172	111	12,777	12,777	NUM
fsr-3281	172	112	7,066	7,066	NUM
fsr-3281	172	113	(	(	PUNCT
fsr-3281	172	114	55	55	NUM
fsr-3281	172	115	%	%	NOUN
fsr-3281	172	116	)	)	PUNCT
fsr-3281	172	117	5,711	5,711	NUM
fsr-3281	172	118	(	(	PUNCT
fsr-3281	172	119	45	45	NUM
fsr-3281	172	120	%	%	NOUN
fsr-3281	172	121	)	)	PUNCT
fsr-3281	172	122	five	five	NUM
fsr-3281	172	123	-	-	PUNCT
fsr-3281	172	124	year	year	NOUN
fsr-3281	172	125	average	average	NOUN
fsr-3281	172	126	322	322	NUM
fsr-3281	172	127	173	173	NUM
fsr-3281	172	128	(	(	PUNCT
fsr-3281	172	129	54	54	NUM
fsr-3281	172	130	%	%	NOUN
fsr-3281	172	131	)	)	PUNCT
fsr-3281	172	132	149	149	NUM
fsr-3281	172	133	(	(	PUNCT
fsr-3281	172	134	46	46	NUM
fsr-3281	172	135	%	%	NOUN
fsr-3281	172	136	)	)	PUNCT
fsr-3281	172	137	78,182	78,182	NUM
fsr-3281	172	138	72,474	72,474	NUM
fsr-3281	172	139	(	(	PUNCT
fsr-3281	172	140	93	93	NUM
fsr-3281	172	141	%	%	NOUN
fsr-3281	172	142	)	)	PUNCT
fsr-3281	172	143	5,709	5,709	NUM
fsr-3281	172	144	(	(	PUNCT
fsr-3281	172	145	7	7	NUM
fsr-3281	172	146	%	%	NOUN
fsr-3281	172	147	)	)	PUNCT
fsr-3281	172	148	note	note	NOUN
fsr-3281	172	149	:	:	PUNCT
fsr-3281	172	150	no	no	INTJ
fsr-3281	172	151	.	.	PUNCT
fsr-3281	173	1	victims	victim	NOUN
fsr-3281	173	2	equals	equal	VERB
fsr-3281	173	3	dead	dead	ADJ
fsr-3281	173	4	or	or	CCONJ
fsr-3281	173	5	missing	missing	ADJ
fsr-3281	173	6	.	.	PUNCT
fsr-3281	174	1	total	total	ADJ
fsr-3281	174	2	losses	loss	NOUN
fsr-3281	174	3	insured	insure	VERB
fsr-3281	174	4	losses	loss	NOUN
fsr-3281	174	5	natural	natural	ADJ
fsr-3281	174	6	man	man	NOUN
fsr-3281	174	7	-	-	PUNCT
fsr-3281	174	8	made	make	VERB
fsr-3281	174	9	financial	financial	ADJ
fsr-3281	174	10	losses	loss	NOUN
fsr-3281	174	11	2010	2010	NUM
fsr-3281	174	12	218,000	218,000	NUM
fsr-3281	174	13	43,475	43,475	NUM
fsr-3281	174	14	(	(	PUNCT
fsr-3281	174	15	20	20	NUM
fsr-3281	174	16	%	%	NOUN
fsr-3281	174	17	)	)	PUNCT
fsr-3281	174	18	39,869	39,869	NUM
fsr-3281	174	19	(	(	PUNCT
fsr-3281	174	20	18	18	NUM
fsr-3281	174	21	%	%	NOUN
fsr-3281	174	22	;	;	PUNCT
fsr-3281	174	23	92	92	NUM
fsr-3281	174	24	%	%	NOUN
fsr-3281	174	25	)	)	PUNCT
fsr-3281	174	26	3,606	3,606	NUM
fsr-3281	174	27	(	(	PUNCT
fsr-3281	174	28	2	2	NUM
fsr-3281	174	29	%	%	NOUN
fsr-3281	174	30	;	;	PUNCT
fsr-3281	174	31	8	8	NUM
fsr-3281	174	32	%	%	NOUN
fsr-3281	174	33	)	)	PUNCT
fsr-3281	174	34	2011	2011	NUM
fsr-3281	174	35	370,000	370,000	NUM
fsr-3281	174	36	115,814	115,814	NUM
fsr-3281	174	37	(	(	PUNCT
fsr-3281	174	38	31	31	NUM
fsr-3281	174	39	%	%	NOUN
fsr-3281	174	40	)	)	PUNCT
fsr-3281	174	41	110,021	110,021	NUM
fsr-3281	174	42	(	(	PUNCT
fsr-3281	174	43	30	30	NUM
fsr-3281	174	44	%	%	NOUN
fsr-3281	174	45	;	;	PUNCT
fsr-3281	174	46	95	95	NUM
fsr-3281	174	47	%	%	NOUN
fsr-3281	174	48	)	)	PUNCT
fsr-3281	174	49	5,794	5,794	NUM
fsr-3281	174	50	(	(	PUNCT
fsr-3281	174	51	1	1	NUM
fsr-3281	174	52	%	%	NOUN
fsr-3281	174	53	;	;	PUNCT
fsr-3281	174	54	5	5	NUM
fsr-3281	174	55	%	%	NOUN
fsr-3281	174	56	)	)	PUNCT
fsr-3281	174	57	2012	2012	NUM
fsr-3281	174	58	186,000	186,000	NUM
fsr-3281	174	59	77,238	77,238	NUM
fsr-3281	174	60	(	(	PUNCT
fsr-3281	174	61	42	42	NUM
fsr-3281	174	62	%	%	NOUN
fsr-3281	174	63	)	)	PUNCT
fsr-3281	174	64	71,279	71,279	NUM
fsr-3281	174	65	(	(	PUNCT
fsr-3281	174	66	38	38	NUM
fsr-3281	174	67	%	%	NOUN
fsr-3281	174	68	;	;	PUNCT
fsr-3281	174	69	92	92	NUM
fsr-3281	174	70	%	%	NOUN
fsr-3281	174	71	)	)	PUNCT
fsr-3281	174	72	5,960	5,960	NUM
fsr-3281	174	73	(	(	PUNCT
fsr-3281	174	74	4	4	NUM
fsr-3281	174	75	%	%	NOUN
fsr-3281	174	76	;	;	PUNCT
fsr-3281	174	77	8	8	NUM
fsr-3281	174	78	%	%	NOUN
fsr-3281	174	79	)	)	PUNCT
fsr-3281	174	80	2013	2013	NUM
fsr-3281	174	81	138,000	138,000	NUM
fsr-3281	174	82	44,917	44,917	NUM
fsr-3281	174	83	(	(	PUNCT
fsr-3281	174	84	33	33	NUM
fsr-3281	174	85	%	%	NOUN
fsr-3281	174	86	)	)	PUNCT
fsr-3281	174	87	37,047	37,047	NUM
fsr-3281	174	88	(	(	PUNCT
fsr-3281	174	89	27	27	NUM
fsr-3281	174	90	%	%	NOUN
fsr-3281	174	91	;	;	PUNCT
fsr-3281	174	92	82	82	NUM
fsr-3281	174	93	%	%	NOUN
fsr-3281	174	94	)	)	PUNCT
fsr-3281	174	95	7,870	7,870	NUM
fsr-3281	174	96	(	(	PUNCT
fsr-3281	174	97	6	6	NUM
fsr-3281	174	98	%	%	NOUN
fsr-3281	174	99	;	;	PUNCT
fsr-3281	174	100	18	18	NUM
fsr-3281	174	101	%	%	NOUN
fsr-3281	174	102	)	)	PUNCT
fsr-3281	174	103	2014	2014	NUM
fsr-3281	174	104	110,000	110,000	NUM
fsr-3281	174	105	34,708	34,708	NUM
fsr-3281	174	106	(	(	PUNCT
fsr-3281	174	107	32	32	NUM
fsr-3281	174	108	%	%	NOUN
fsr-3281	174	109	)	)	PUNCT
fsr-3281	174	110	27,749	27,749	NUM
fsr-3281	174	111	(	(	PUNCT
fsr-3281	174	112	25	25	NUM
fsr-3281	174	113	%	%	NOUN
fsr-3281	174	114	;	;	PUNCT
fsr-3281	174	115	80	80	NUM
fsr-3281	174	116	%	%	NOUN
fsr-3281	174	117	)	)	PUNCT
fsr-3281	174	118	6,958	6,958	NUM
fsr-3281	174	119	(	(	PUNCT
fsr-3281	174	120	7	7	NUM
fsr-3281	174	121	%	%	NOUN
fsr-3281	174	122	;	;	PUNCT
fsr-3281	174	123	20	20	NUM
fsr-3281	174	124	%	%	NOUN
fsr-3281	174	125	)	)	PUNCT
fsr-3281	174	126	five	five	NUM
fsr-3281	174	127	-	-	PUNCT
fsr-3281	174	128	year	year	NOUN
fsr-3281	174	129	average	average	NOUN
fsr-3281	174	130	204,000	204,000	NUM
fsr-3281	174	131	63,230	63,230	NUM
fsr-3281	174	132	(	(	PUNCT
fsr-3281	174	133	31	31	NUM
fsr-3281	174	134	%	%	NOUN
fsr-3281	174	135	)	)	PUNCT
fsr-3281	174	136	57,193	57,193	NUM
fsr-3281	174	137	(	(	PUNCT
fsr-3281	174	138	28	28	NUM
fsr-3281	174	139	%	%	NOUN
fsr-3281	174	140	;	;	PUNCT
fsr-3281	174	141	90	90	NUM
fsr-3281	174	142	%	%	NOUN
fsr-3281	174	143	)	)	PUNCT
fsr-3281	174	144	6,038	6,038	NUM
fsr-3281	174	145	(	(	PUNCT
fsr-3281	174	146	3	3	NUM
fsr-3281	174	147	%	%	NOUN
fsr-3281	174	148	;	;	PUNCT
fsr-3281	174	149	10	10	NUM
fsr-3281	174	150	%	%	NOUN
fsr-3281	174	151	)	)	PUNCT
fsr-3281	174	152	$	$	SYM
fsr-3281	174	153	us	us	PROPN
fsr-3281	174	154	million	million	NUM
fsr-3281	174	155	$	$	SYM
fsr-3281	174	156	us	us	PROPN
fsr-3281	174	157	million	million	NUM
fsr-3281	174	158	(	(	PUNCT
fsr-3281	174	159	insured	insure	VERB
fsr-3281	174	160	/	/	SYM
fsr-3281	174	161	total	total	NOUN
fsr-3281	174	162	;	;	PUNCT
fsr-3281	174	163	insured	insure	VERB
fsr-3281	174	164	/	/	SYM
fsr-3281	174	165	natural	natural	ADJ
fsr-3281	174	166	or	or	CCONJ
fsr-3281	174	167	man	man	NOUN
fsr-3281	174	168	-	-	PUNCT
fsr-3281	174	169	made	make	VERB
fsr-3281	174	170	)	)	PUNCT
fsr-3281	174	171	note	note	NOUN
fsr-3281	174	172	:	:	PUNCT
fsr-3281	174	173	insured	insured	ADJ
fsr-3281	174	174	losses	loss	NOUN
fsr-3281	174	175	account	account	VERB
fsr-3281	174	176	for	for	ADP
fsr-3281	174	177	property	property	NOUN
fsr-3281	174	178	and	and	CCONJ
fsr-3281	174	179	business	business	NOUN
fsr-3281	174	180	interruptions	interruption	NOUN
fsr-3281	174	181	,	,	PUNCT
fsr-3281	174	182	excluding	exclude	VERB
fsr-3281	174	183	liability	liability	NOUN
fsr-3281	174	184	and	and	CCONJ
fsr-3281	174	185	life	life	NOUN
fsr-3281	174	186	insurance	insurance	NOUN
fsr-3281	174	187	losses	loss	NOUN
fsr-3281	174	188	.	.	PUNCT
fsr-3281	175	1	source	source	NOUN
fsr-3281	175	2	:	:	PUNCT
fsr-3281	175	3	swiss	swiss	PROPN
fsr-3281	175	4	re	re	PROPN
fsr-3281	175	5	sigma	sigma	PROPN
fsr-3281	175	6	2011–2015	2011–2015	NUM
fsr-3281	175	7	.	.	PUNCT
fsr-3281	176	1	311r.j	311r.j	NUM
fsr-3281	176	2	.	.	PUNCT
fsr-3281	176	3	kish	kish	PROPN
fsr-3281	176	4	/	/	SYM
fsr-3281	176	5	financial	financial	ADJ
fsr-3281	176	6	services	service	NOUN
fsr-3281	176	7	review	review	VERB
fsr-3281	176	8	25	25	NUM
fsr-3281	176	9	(	(	PUNCT
fsr-3281	176	10	2016	2016	NUM
fsr-3281	176	11	)	)	PUNCT
fsr-3281	176	12	303–329	303–329	NUM
fsr-3281	176	13	account	account	NOUN
fsr-3281	176	14	for	for	ADP
fsr-3281	176	15	the	the	DET
fsr-3281	176	16	differences	difference	NOUN
fsr-3281	176	17	between	between	ADP
fsr-3281	176	18	simulated	simulate	VERB
fsr-3281	176	19	events	event	NOUN
fsr-3281	176	20	and	and	CCONJ
fsr-3281	176	21	actual	actual	ADJ
fsr-3281	176	22	events	event	NOUN
fsr-3281	176	23	.	.	PUNCT
fsr-3281	177	1	this	this	PRON
fsr-3281	177	2	showed	show	VERB
fsr-3281	177	3	up	up	ADP
fsr-3281	177	4	in	in	ADP
fsr-3281	177	5	the	the	DET
fsr-3281	177	6	mismatch	mismatch	NOUN
fsr-3281	177	7	of	of	ADP
fsr-3281	177	8	forecasted	forecast	VERB
fsr-3281	177	9	hurricanes	hurricane	NOUN
fsr-3281	177	10	between	between	ADP
fsr-3281	177	11	2001	2001	NUM
fsr-3281	177	12	and	and	CCONJ
fsr-3281	177	13	2005	2005	NUM
fsr-3281	177	14	and	and	CCONJ
fsr-3281	177	15	the	the	DET
fsr-3281	177	16	actual	actual	ADJ
fsr-3281	177	17	number	number	NOUN
fsr-3281	177	18	of	of	ADP
fsr-3281	177	19	hurricanes	hurricane	NOUN
fsr-3281	177	20	that	that	PRON
fsr-3281	177	21	occurred	occur	VERB
fsr-3281	177	22	.	.	PUNCT
fsr-3281	178	1	industry	industry	NOUN
fsr-3281	178	2	models	model	NOUN
fsr-3281	178	3	to	to	PART
fsr-3281	178	4	forecast	forecast	VERB
fsr-3281	178	5	extreme	extreme	ADJ
fsr-3281	178	6	meteorological	meteorological	ADJ
fsr-3281	178	7	events	event	NOUN
fsr-3281	178	8	are	be	AUX
fsr-3281	178	9	weak	weak	ADJ
fsr-3281	178	10	at	at	ADV
fsr-3281	178	11	best	well	ADV
fsr-3281	178	12	.	.	PUNCT
fsr-3281	179	1	a	a	DET
fsr-3281	179	2	second	second	ADJ
fsr-3281	179	3	risk	risk	NOUN
fsr-3281	179	4	to	to	PART
fsr-3281	179	5	consider	consider	VERB
fsr-3281	179	6	is	be	AUX
fsr-3281	179	7	liquidity	liquidity	NOUN
fsr-3281	179	8	because	because	SCONJ
fsr-3281	179	9	of	of	ADP
fsr-3281	179	10	the	the	DET
fsr-3281	179	11	fact	fact	NOUN
fsr-3281	179	12	that	that	SCONJ
fsr-3281	179	13	cat	cat	NOUN
fsr-3281	179	14	bonds	bond	NOUN
fsr-3281	179	15	are	be	AUX
fsr-3281	179	16	highly	highly	ADV
fsr-3281	179	17	illiquid	illiquid	ADJ
fsr-3281	179	18	.	.	PUNCT
fsr-3281	180	1	typically	typically	ADV
fsr-3281	180	2	,	,	PUNCT
fsr-3281	180	3	they	they	PRON
fsr-3281	180	4	are	be	AUX
fsr-3281	180	5	bought	buy	VERB
fsr-3281	180	6	and	and	CCONJ
fsr-3281	180	7	held	hold	VERB
fsr-3281	180	8	with	with	ADP
fsr-3281	180	9	little	little	ADJ
fsr-3281	180	10	aftermarket	aftermarket	NOUN
fsr-3281	180	11	trading	trading	NOUN
fsr-3281	180	12	.	.	PUNCT
fsr-3281	181	1	third	third	ADJ
fsr-3281	181	2	,	,	PUNCT
fsr-3281	181	3	is	be	AUX
fsr-3281	181	4	marketability	marketability	NOUN
fsr-3281	181	5	,	,	PUNCT
fsr-3281	181	6	that	that	ADV
fsr-3281	181	7	is	is	ADV
fsr-3281	181	8	,	,	PUNCT
fsr-3281	181	9	cat	cat	NOUN
fsr-3281	181	10	bonds	bond	NOUN
fsr-3281	181	11	are	be	AUX
fsr-3281	181	12	issued	issue	VERB
fsr-3281	181	13	under	under	ADP
fsr-3281	181	14	rule	rule	NOUN
fsr-3281	181	15	144a	144a	NUM
fsr-3281	181	16	which	which	PRON
fsr-3281	181	17	makes	make	VERB
fsr-3281	181	18	them	they	PRON
fsr-3281	181	19	accessible	accessible	ADJ
fsr-3281	181	20	to	to	ADP
fsr-3281	181	21	qibs	qib	NOUN
fsr-3281	181	22	only	only	ADV
fsr-3281	181	23	during	during	ADP
fsr-3281	181	24	the	the	DET
fsr-3281	181	25	first	first	ADJ
fsr-3281	181	26	year	year	NOUN
fsr-3281	181	27	of	of	ADP
fsr-3281	181	28	the	the	DET
fsr-3281	181	29	offering	offering	NOUN
fsr-3281	181	30	.	.	PUNCT
fsr-3281	182	1	these	these	DET
fsr-3281	182	2	bonds	bond	NOUN
fsr-3281	182	3	are	be	AUX
fsr-3281	182	4	not	not	PART
fsr-3281	182	5	subject	subject	ADJ
fsr-3281	182	6	to	to	ADP
fsr-3281	182	7	normal	normal	ADJ
fsr-3281	182	8	sec	sec	PROPN
fsr-3281	182	9	filings	filing	NOUN
fsr-3281	182	10	that	that	PRON
fsr-3281	182	11	makes	make	VERB
fsr-3281	182	12	pricing	pricing	NOUN
fsr-3281	182	13	and	and	CCONJ
fsr-3281	182	14	risk	risk	NOUN
fsr-3281	182	15	assessment	assessment	NOUN
fsr-3281	182	16	that	that	ADV
fsr-3281	182	17	much	much	ADV
fsr-3281	182	18	harder	hard	ADV
fsr-3281	182	19	.	.	PUNCT
fsr-3281	183	1	finally	finally	ADV
fsr-3281	183	2	,	,	PUNCT
fsr-3281	183	3	these	these	DET
fsr-3281	183	4	bonds	bond	NOUN
fsr-3281	183	5	have	have	VERB
fsr-3281	183	6	counterparty	counterparty	NOUN
fsr-3281	183	7	risk	risk	NOUN
fsr-3281	183	8	.	.	PUNCT
fsr-3281	184	1	if	if	SCONJ
fsr-3281	184	2	the	the	DET
fsr-3281	184	3	associated	associated	ADJ
fsr-3281	184	4	insurance	insurance	NOUN
fsr-3281	184	5	firm	firm	NOUN
fsr-3281	184	6	runs	run	VERB
fsr-3281	184	7	into	into	ADP
fsr-3281	184	8	financial	financial	ADJ
fsr-3281	184	9	distress	distress	NOUN
fsr-3281	184	10	,	,	PUNCT
fsr-3281	184	11	the	the	DET
fsr-3281	184	12	bondholders	bondholder	NOUN
fsr-3281	184	13	may	may	AUX
fsr-3281	184	14	not	not	PART
fsr-3281	184	15	receive	receive	VERB
fsr-3281	184	16	all	all	PRON
fsr-3281	184	17	that	that	PRON
fsr-3281	184	18	is	be	AUX
fsr-3281	184	19	promised	promise	VERB
fsr-3281	184	20	.	.	PUNCT
fsr-3281	185	1	additionally	additionally	ADV
fsr-3281	185	2	,	,	PUNCT
fsr-3281	185	3	cat	cat	NOUN
fsr-3281	185	4	bonds	bond	NOUN
fsr-3281	185	5	can	can	AUX
fsr-3281	185	6	be	be	AUX
fsr-3281	185	7	issued	issue	VERB
fsr-3281	185	8	as	as	ADP
fsr-3281	185	9	a	a	DET
fsr-3281	185	10	single	single	ADJ
fsr-3281	185	11	class	class	NOUN
fsr-3281	185	12	or	or	CCONJ
fsr-3281	185	13	as	as	ADP
fsr-3281	185	14	a	a	DET
fsr-3281	185	15	multiple	multiple	ADJ
fsr-3281	185	16	class	class	NOUN
fsr-3281	185	17	bond	bond	NOUN
fsr-3281	185	18	with	with	ADP
fsr-3281	185	19	various	various	ADJ
fsr-3281	185	20	tranches	tranche	NOUN
fsr-3281	185	21	.	.	PUNCT
fsr-3281	186	1	this	this	PRON
fsr-3281	186	2	is	be	AUX
fsr-3281	186	3	comparable	comparable	ADJ
fsr-3281	186	4	to	to	ADP
fsr-3281	186	5	collateralized	collateralized	ADJ
fsr-3281	186	6	mortgage	mortgage	NOUN
fsr-3281	186	7	obligations	obligation	NOUN
fsr-3281	186	8	(	(	PUNCT
fsr-3281	186	9	cmos	cmos	NOUN
fsr-3281	186	10	)	)	PUNCT
fsr-3281	186	11	in	in	ADP
fsr-3281	186	12	which	which	PRON
fsr-3281	186	13	each	each	DET
fsr-3281	186	14	class	class	NOUN
fsr-3281	186	15	has	have	VERB
fsr-3281	186	16	different	different	ADJ
fsr-3281	186	17	risks	risk	NOUN
fsr-3281	186	18	and	and	CCONJ
fsr-3281	186	19	thus	thus	ADV
fsr-3281	186	20	different	different	ADJ
fsr-3281	186	21	compensation	compensation	NOUN
fsr-3281	186	22	.	.	PUNCT
fsr-3281	187	1	cat	cat	NOUN
fsr-3281	187	2	bonds	bond	NOUN
fsr-3281	187	3	,	,	PUNCT
fsr-3281	187	4	like	like	ADP
fsr-3281	187	5	any	any	DET
fsr-3281	187	6	other	other	ADJ
fsr-3281	187	7	bond	bond	NOUN
fsr-3281	187	8	class	class	NOUN
fsr-3281	187	9	,	,	PUNCT
fsr-3281	187	10	can	can	AUX
fsr-3281	187	11	be	be	AUX
fsr-3281	187	12	bundled	bundle	VERB
fsr-3281	187	13	into	into	ADP
fsr-3281	187	14	cdos	cdo	NOUN
fsr-3281	187	15	(	(	PUNCT
fsr-3281	187	16	collateralized	collateralized	ADJ
fsr-3281	187	17	debt	debt	NOUN
fsr-3281	187	18	obligations	obligation	NOUN
fsr-3281	187	19	)	)	PUNCT
fsr-3281	187	20	further	far	ADV
fsr-3281	187	21	obscuring	obscure	VERB
fsr-3281	187	22	the	the	DET
fsr-3281	187	23	relationships	relationship	NOUN
fsr-3281	187	24	between	between	ADP
fsr-3281	187	25	risk	risk	NOUN
fsr-3281	187	26	and	and	CCONJ
fsr-3281	187	27	return	return	NOUN
fsr-3281	187	28	.	.	PUNCT
fsr-3281	188	1	the	the	DET
fsr-3281	188	2	spv	spv	PROPN
fsr-3281	188	3	must	must	AUX
fsr-3281	188	4	monitor	monitor	VERB
fsr-3281	188	5	for	for	ADP
fsr-3281	188	6	the	the	DET
fsr-3281	188	7	trigger	trigger	NOUN
fsr-3281	188	8	event	event	NOUN
fsr-3281	188	9	.	.	PUNCT
fsr-3281	189	1	this	this	PRON
fsr-3281	189	2	could	could	AUX
fsr-3281	189	3	be	be	AUX
fsr-3281	189	4	a	a	DET
fsr-3281	189	5	single	single	ADJ
fsr-3281	189	6	or	or	CCONJ
fsr-3281	189	7	multiple	multiple	ADJ
fsr-3281	189	8	event	event	NOUN
fsr-3281	189	9	clause	clause	NOUN
fsr-3281	189	10	.	.	PUNCT
fsr-3281	190	1	if	if	SCONJ
fsr-3281	190	2	a	a	DET
fsr-3281	190	3	qualifying	qualifying	NOUN
fsr-3281	190	4	event	event	NOUN
fsr-3281	190	5	occurs	occur	VERB
fsr-3281	190	6	that	that	PRON
fsr-3281	190	7	triggers	trigger	VERB
fsr-3281	190	8	a	a	DET
fsr-3281	190	9	payout	payout	NOUN
fsr-3281	190	10	,	,	PUNCT
fsr-3281	190	11	the	the	DET
fsr-3281	190	12	spv	spv	NOUN
fsr-3281	190	13	liquidates	liquidate	VERB
fsr-3281	190	14	enough	enough	ADJ
fsr-3281	190	15	collateral	collateral	NOUN
fsr-3281	190	16	required	require	VERB
fsr-3281	190	17	to	to	PART
fsr-3281	190	18	make	make	VERB
fsr-3281	190	19	the	the	DET
fsr-3281	190	20	payment	payment	NOUN
fsr-3281	190	21	and	and	CCONJ
fsr-3281	190	22	reimburse	reimburse	VERB
fsr-3281	190	23	the	the	DET
fsr-3281	190	24	counterparty	counterparty	NOUN
fsr-3281	190	25	to	to	PART
fsr-3281	190	26	satisfy	satisfy	VERB
fsr-3281	190	27	the	the	DET
fsr-3281	190	28	terms	term	NOUN
fsr-3281	190	29	of	of	ADP
fsr-3281	190	30	the	the	DET
fsr-3281	190	31	cat	cat	NOUN
fsr-3281	190	32	bonds	bond	NOUN
fsr-3281	190	33	.	.	PUNCT
fsr-3281	191	1	thus	thus	ADV
fsr-3281	191	2	,	,	PUNCT
fsr-3281	191	3	the	the	DET
fsr-3281	191	4	promised	promise	VERB
fsr-3281	191	5	cash	cash	NOUN
fsr-3281	191	6	payments	payment	NOUN
fsr-3281	191	7	(	(	PUNCT
fsr-3281	191	8	coupons	coupon	NOUN
fsr-3281	191	9	)	)	PUNCT
fsr-3281	191	10	stop	stop	VERB
fsr-3281	191	11	flowing	flow	VERB
fsr-3281	191	12	to	to	ADP
fsr-3281	191	13	the	the	DET
fsr-3281	191	14	bondholders	bondholder	NOUN
fsr-3281	191	15	,	,	PUNCT
fsr-3281	191	16	along	along	ADP
fsr-3281	191	17	with	with	ADP
fsr-3281	191	18	the	the	DET
fsr-3281	191	19	expected	expect	VERB
fsr-3281	191	20	principal	principal	NOUN
fsr-3281	191	21	that	that	PRON
fsr-3281	191	22	would	would	AUX
fsr-3281	191	23	have	have	AUX
fsr-3281	191	24	occurred	occur	VERB
fsr-3281	191	25	at	at	ADP
fsr-3281	191	26	maturity	maturity	NOUN
fsr-3281	191	27	.	.	PUNCT
fsr-3281	192	1	these	these	DET
fsr-3281	192	2	funds	fund	NOUN
fsr-3281	192	3	are	be	AUX
fsr-3281	192	4	transferred	transfer	VERB
fsr-3281	192	5	back	back	ADV
fsr-3281	192	6	to	to	ADP
fsr-3281	192	7	the	the	DET
fsr-3281	192	8	insurers	insurer	NOUN
fsr-3281	192	9	to	to	PART
fsr-3281	192	10	cover	cover	VERB
fsr-3281	192	11	the	the	DET
fsr-3281	192	12	catastrophic	catastrophic	ADJ
fsr-3281	192	13	event	event	NOUN
fsr-3281	192	14	.	.	PUNCT
fsr-3281	193	1	if	if	SCONJ
fsr-3281	193	2	no	no	DET
fsr-3281	193	3	trigger	trigger	NOUN
fsr-3281	193	4	event	event	NOUN
fsr-3281	193	5	occurs	occur	VERB
fsr-3281	193	6	,	,	PUNCT
fsr-3281	193	7	then	then	ADV
fsr-3281	193	8	the	the	DET
fsr-3281	193	9	bondholders	bondholder	NOUN
fsr-3281	193	10	receive	receive	VERB
fsr-3281	193	11	their	their	PRON
fsr-3281	193	12	expected	expect	VERB
fsr-3281	193	13	cash	cash	NOUN
fsr-3281	193	14	flows	flow	NOUN
fsr-3281	193	15	and	and	CCONJ
fsr-3281	193	16	any	any	DET
fsr-3281	193	17	remaining	remain	VERB
fsr-3281	193	18	collateral	collateral	NOUN
fsr-3281	193	19	is	be	AUX
fsr-3281	193	20	liquidated	liquidate	VERB
fsr-3281	193	21	at	at	ADP
fsr-3281	193	22	maturity	maturity	NOUN
fsr-3281	193	23	and	and	CCONJ
fsr-3281	193	24	firm	firm	NOUN
fsr-3281	193	25	’s	’s	PART
fsr-3281	193	26	investors	investor	NOUN
fsr-3281	193	27	are	be	AUX
fsr-3281	193	28	repaid	repay	VERB
fsr-3281	193	29	.	.	PUNCT
fsr-3281	194	1	fig	fig	NOUN
fsr-3281	194	2	.	.	PUNCT
fsr-3281	195	1	2	2	NUM
fsr-3281	195	2	shows	show	VERB
fsr-3281	195	3	a	a	DET
fsr-3281	195	4	typical	typical	ADJ
fsr-3281	195	5	cat	cat	NOUN
fsr-3281	195	6	bond	bond	NOUN
fsr-3281	195	7	structure	structure	NOUN
fsr-3281	195	8	including	include	VERB
fsr-3281	195	9	where	where	SCONJ
fsr-3281	195	10	the	the	DET
fsr-3281	195	11	capital	capital	NOUN
fsr-3281	195	12	flows	flow	VERB
fsr-3281	195	13	from	from	ADP
fsr-3281	195	14	one	one	NUM
fsr-3281	195	15	party	party	NOUN
fsr-3281	195	16	to	to	ADP
fsr-3281	195	17	another	another	PRON
fsr-3281	195	18	.	.	PUNCT
fsr-3281	196	1	depending	depend	VERB
fsr-3281	196	2	on	on	ADP
fsr-3281	196	3	if	if	SCONJ
fsr-3281	196	4	and	and	CCONJ
fsr-3281	196	5	fig	fig	NOUN
fsr-3281	196	6	.	.	PUNCT
fsr-3281	197	1	2	2	X
fsr-3281	197	2	.	.	X
fsr-3281	197	3	cash	cash	NOUN
fsr-3281	197	4	flow	flow	NOUN
fsr-3281	197	5	analysis	analysis	NOUN
fsr-3281	197	6	.	.	PUNCT
fsr-3281	198	1	notes	note	NOUN
fsr-3281	198	2	:	:	PUNCT
fsr-3281	198	3	(	(	PUNCT
fsr-3281	198	4	1	1	X
fsr-3281	198	5	)	)	PUNCT
fsr-3281	198	6	insurance	insurance	NOUN
fsr-3281	198	7	/	/	SYM
fsr-3281	198	8	reinsurance	reinsurance	NOUN
fsr-3281	198	9	/	/	SYM
fsr-3281	198	10	government	government	NOUN
fsr-3281	198	11	agency	agency	NOUN
fsr-3281	198	12	enters	enter	VERB
fsr-3281	198	13	into	into	ADP
fsr-3281	198	14	a	a	DET
fsr-3281	198	15	risk	risk	NOUN
fsr-3281	198	16	transfer	transfer	NOUN
fsr-3281	198	17	contact	contact	NOUN
fsr-3281	198	18	(	(	PUNCT
fsr-3281	198	19	i.e.	i.e.	X
fsr-3281	198	20	,	,	PUNCT
fsr-3281	198	21	the	the	DET
fsr-3281	198	22	creation	creation	NOUN
fsr-3281	198	23	of	of	ADP
fsr-3281	198	24	cat	cat	NOUN
fsr-3281	198	25	bonds	bond	NOUN
fsr-3281	198	26	)	)	PUNCT
fsr-3281	198	27	with	with	ADP
fsr-3281	198	28	a	a	DET
fsr-3281	198	29	special	special	ADJ
fsr-3281	198	30	purpose	purpose	NOUN
fsr-3281	198	31	company	company	NOUN
fsr-3281	198	32	(	(	PUNCT
fsr-3281	198	33	spv	spv	PROPN
fsr-3281	198	34	)	)	PUNCT
fsr-3281	198	35	established	establish	VERB
fsr-3281	198	36	specifically	specifically	ADV
fsr-3281	198	37	for	for	ADP
fsr-3281	198	38	this	this	DET
fsr-3281	198	39	transaction	transaction	NOUN
fsr-3281	198	40	.	.	PUNCT
fsr-3281	199	1	(	(	PUNCT
fsr-3281	199	2	2	2	X
fsr-3281	199	3	)	)	PUNCT
fsr-3281	199	4	the	the	DET
fsr-3281	199	5	spv	spv	PROPN
fsr-3281	199	6	issues	issue	VERB
fsr-3281	199	7	the	the	DET
fsr-3281	199	8	catastrophe	catastrophe	NOUN
fsr-3281	199	9	(	(	PUNCT
fsr-3281	199	10	cat	cat	NOUN
fsr-3281	199	11	)	)	PUNCT
fsr-3281	199	12	bonds	bond	NOUN
fsr-3281	199	13	to	to	ADP
fsr-3281	199	14	investors	investor	NOUN
fsr-3281	199	15	in	in	ADP
fsr-3281	199	16	the	the	DET
fsr-3281	199	17	capital	capital	NOUN
fsr-3281	199	18	markets	market	NOUN
fsr-3281	199	19	in	in	ADP
fsr-3281	199	20	an	an	DET
fsr-3281	199	21	amount	amount	NOUN
fsr-3281	199	22	equal	equal	ADJ
fsr-3281	199	23	to	to	ADP
fsr-3281	199	24	the	the	DET
fsr-3281	199	25	limit	limit	NOUN
fsr-3281	199	26	of	of	ADP
fsr-3281	199	27	the	the	DET
fsr-3281	199	28	risk	risk	NOUN
fsr-3281	199	29	transfer	transfer	NOUN
fsr-3281	199	30	contract	contract	NOUN
fsr-3281	199	31	.	.	PUNCT
fsr-3281	200	1	(	(	PUNCT
fsr-3281	200	2	3	3	X
fsr-3281	200	3	)	)	PUNCT
fsr-3281	200	4	proceeds	proceed	NOUN
fsr-3281	200	5	from	from	ADP
fsr-3281	200	6	the	the	DET
fsr-3281	200	7	sale	sale	NOUN
fsr-3281	200	8	of	of	ADP
fsr-3281	200	9	the	the	DET
fsr-3281	200	10	bonds	bond	NOUN
fsr-3281	200	11	and	and	CCONJ
fsr-3281	200	12	the	the	DET
fsr-3281	200	13	periodic	periodic	ADJ
fsr-3281	200	14	premiums	premium	NOUN
fsr-3281	200	15	transferred	transfer	VERB
fsr-3281	200	16	to	to	ADP
fsr-3281	200	17	the	the	DET
fsr-3281	200	18	spv	spv	NOUN
fsr-3281	200	19	are	be	AUX
fsr-3281	200	20	invested	invest	VERB
fsr-3281	200	21	in	in	ADP
fsr-3281	200	22	a	a	DET
fsr-3281	200	23	collateral	collateral	ADJ
fsr-3281	200	24	trust	trust	NOUN
fsr-3281	200	25	account	account	NOUN
fsr-3281	200	26	of	of	ADP
fsr-3281	200	27	safe	safe	ADJ
fsr-3281	200	28	investments	investment	NOUN
fsr-3281	200	29	such	such	ADJ
fsr-3281	200	30	as	as	ADP
fsr-3281	200	31	u.s	u.s	PROPN
fsr-3281	200	32	.	.	PROPN
fsr-3281	200	33	treasury	treasury	PROPN
fsr-3281	200	34	bills	bill	NOUN
fsr-3281	200	35	or	or	CCONJ
fsr-3281	200	36	other	other	ADJ
fsr-3281	200	37	money	money	NOUN
fsr-3281	200	38	market	market	NOUN
fsr-3281	200	39	investments	investment	NOUN
fsr-3281	200	40	.	.	PUNCT
fsr-3281	201	1	(	(	PUNCT
fsr-3281	201	2	a	a	X
fsr-3281	201	3	)	)	PUNCT
fsr-3281	201	4	if	if	SCONJ
fsr-3281	201	5	no	no	DET
fsr-3281	201	6	covered	covered	ADJ
fsr-3281	201	7	event	event	NOUN
fsr-3281	201	8	occurs	occur	VERB
fsr-3281	201	9	,	,	PUNCT
fsr-3281	201	10	the	the	DET
fsr-3281	201	11	bonds	bond	NOUN
fsr-3281	201	12	will	will	AUX
fsr-3281	201	13	be	be	AUX
fsr-3281	201	14	redeemed	redeem	VERB
fsr-3281	201	15	at	at	ADP
fsr-3281	201	16	face	face	NOUN
fsr-3281	201	17	value	value	NOUN
fsr-3281	201	18	.	.	PUNCT
fsr-3281	202	1	(	(	PUNCT
fsr-3281	202	2	b	b	X
fsr-3281	202	3	)	)	PUNCT
fsr-3281	202	4	however	however	ADV
fsr-3281	202	5	,	,	PUNCT
fsr-3281	202	6	if	if	SCONJ
fsr-3281	202	7	a	a	DET
fsr-3281	202	8	covered	covered	ADJ
fsr-3281	202	9	event	event	NOUN
fsr-3281	202	10	meeting	meet	VERB
fsr-3281	202	11	the	the	DET
fsr-3281	202	12	defined	define	VERB
fsr-3281	202	13	threshold	threshold	NOUN
fsr-3281	202	14	limits	limit	NOUN
fsr-3281	202	15	occurs	occur	VERB
fsr-3281	202	16	,	,	PUNCT
fsr-3281	202	17	funds	fund	NOUN
fsr-3281	202	18	will	will	AUX
fsr-3281	202	19	be	be	AUX
fsr-3281	202	20	withdrawn	withdraw	VERB
fsr-3281	202	21	from	from	ADP
fsr-3281	202	22	the	the	DET
fsr-3281	202	23	collateral	collateral	ADJ
fsr-3281	202	24	account	account	NOUN
fsr-3281	202	25	to	to	PART
fsr-3281	202	26	cover	cover	VERB
fsr-3281	202	27	this	this	DET
fsr-3281	202	28	excess	excess	NOUN
fsr-3281	202	29	above	above	ADP
fsr-3281	202	30	the	the	DET
fsr-3281	202	31	threshold	threshold	NOUN
fsr-3281	202	32	.	.	PUNCT
fsr-3281	203	1	thus	thus	ADV
fsr-3281	203	2	,	,	PUNCT
fsr-3281	203	3	bondholders	bondholder	NOUN
fsr-3281	203	4	could	could	AUX
fsr-3281	203	5	lose	lose	VERB
fsr-3281	203	6	all	all	PRON
fsr-3281	203	7	of	of	ADP
fsr-3281	203	8	their	their	PRON
fsr-3281	203	9	principal	principal	NOUN
fsr-3281	203	10	and	and	CCONJ
fsr-3281	203	11	any	any	DET
fsr-3281	203	12	remaining	remain	VERB
fsr-3281	203	13	coupons	coupon	NOUN
fsr-3281	203	14	.	.	PUNCT
fsr-3281	204	1	source	source	NOUN
fsr-3281	204	2	:	:	PUNCT
fsr-3281	204	3	swiss	swiss	ADJ
fsr-3281	204	4	re	re	X
fsr-3281	204	5	(	(	PUNCT
fsr-3281	204	6	2012a	2012a	NUM
fsr-3281	204	7	)	)	PUNCT
fsr-3281	204	8	.	.	PUNCT
fsr-3281	205	1	312	312	NUM
fsr-3281	205	2	r.j	r.j	PROPN
fsr-3281	205	3	.	.	PROPN
fsr-3281	205	4	kish	kish	PROPN
fsr-3281	205	5	/	/	SYM
fsr-3281	205	6	financial	financial	ADJ
fsr-3281	205	7	services	service	NOUN
fsr-3281	205	8	review	review	VERB
fsr-3281	205	9	25	25	NUM
fsr-3281	205	10	(	(	PUNCT
fsr-3281	205	11	2016	2016	NUM
fsr-3281	205	12	)	)	PUNCT
fsr-3281	205	13	303–329	303–329	NUM
fsr-3281	205	14	when	when	SCONJ
fsr-3281	205	15	the	the	DET
fsr-3281	205	16	trigger	trigger	NOUN
fsr-3281	205	17	event	event	NOUN
fsr-3281	205	18	occurs	occur	VERB
fsr-3281	205	19	,	,	PUNCT
fsr-3281	205	20	the	the	DET
fsr-3281	205	21	spv	spv	NOUN
fsr-3281	205	22	may	may	AUX
fsr-3281	205	23	be	be	AUX
fsr-3281	205	24	forced	force	VERB
fsr-3281	205	25	to	to	PART
fsr-3281	205	26	extend	extend	VERB
fsr-3281	205	27	the	the	DET
fsr-3281	205	28	maturity	maturity	NOUN
fsr-3281	205	29	of	of	ADP
fsr-3281	205	30	the	the	DET
fsr-3281	205	31	bond	bond	NOUN
fsr-3281	205	32	(	(	PUNCT
fsr-3281	205	33	from	from	ADP
fsr-3281	205	34	three	three	NUM
fsr-3281	205	35	months	month	NOUN
fsr-3281	205	36	to	to	ADP
fsr-3281	205	37	two	two	NUM
fsr-3281	205	38	years	year	NOUN
fsr-3281	205	39	)	)	PUNCT
fsr-3281	205	40	until	until	SCONJ
fsr-3281	205	41	the	the	DET
fsr-3281	205	42	insurance	insurance	NOUN
fsr-3281	205	43	loss	loss	NOUN
fsr-3281	205	44	is	be	AUX
fsr-3281	205	45	verified	verify	VERB
fsr-3281	205	46	.	.	PUNCT
fsr-3281	206	1	3.3	3.3	NUM
fsr-3281	206	2	.	.	PUNCT
fsr-3281	207	1	classification	classification	NOUN
fsr-3281	207	2	of	of	ADP
fsr-3281	207	3	triggers	trigger	NOUN
fsr-3281	207	4	events	event	NOUN
fsr-3281	207	5	one	one	NUM
fsr-3281	207	6	of	of	ADP
fsr-3281	207	7	the	the	DET
fsr-3281	207	8	key	key	ADJ
fsr-3281	207	9	areas	area	NOUN
fsr-3281	207	10	of	of	ADP
fsr-3281	207	11	contention	contention	NOUN
fsr-3281	207	12	with	with	ADP
fsr-3281	207	13	cat	cat	NOUN
fsr-3281	207	14	bonds	bond	NOUN
fsr-3281	207	15	,	,	PUNCT
fsr-3281	207	16	highlighted	highlight	VERB
fsr-3281	207	17	by	by	ADP
fsr-3281	207	18	finken	finken	PROPN
fsr-3281	207	19	and	and	CCONJ
fsr-3281	207	20	laux	laux	PROPN
fsr-3281	207	21	(	(	PUNCT
fsr-3281	207	22	2009	2009	NUM
fsr-3281	207	23	)	)	PUNCT
fsr-3281	207	24	,	,	PUNCT
fsr-3281	207	25	froot	froot	NOUN
fsr-3281	207	26	(	(	PUNCT
fsr-3281	207	27	2001	2001	NUM
fsr-3281	207	28	)	)	PUNCT
fsr-3281	207	29	,	,	PUNCT
fsr-3281	207	30	and	and	CCONJ
fsr-3281	207	31	cummin	cummin	NOUN
fsr-3281	207	32	et	et	PROPN
fsr-3281	207	33	al	al	PROPN
fsr-3281	207	34	.	.	PROPN
fsr-3281	207	35	(	(	PUNCT
fsr-3281	207	36	2004	2004	NUM
fsr-3281	207	37	)	)	PUNCT
fsr-3281	207	38	,	,	PUNCT
fsr-3281	207	39	is	be	AUX
fsr-3281	207	40	what	what	PRON
fsr-3281	207	41	qualifies	qualify	VERB
fsr-3281	207	42	as	as	ADP
fsr-3281	207	43	a	a	DET
fsr-3281	207	44	trigger	trigger	NOUN
fsr-3281	207	45	event	event	NOUN
fsr-3281	207	46	.	.	PUNCT
fsr-3281	208	1	for	for	ADP
fsr-3281	208	2	instance	instance	NOUN
fsr-3281	208	3	,	,	PUNCT
fsr-3281	208	4	the	the	DET
fsr-3281	208	5	financial	financial	ADJ
fsr-3281	208	6	industry	industry	NOUN
fsr-3281	208	7	regulatory	regulatory	ADJ
fsr-3281	208	8	authority	authority	NOUN
fsr-3281	208	9	(	(	PUNCT
fsr-3281	208	10	finra	finra	NOUN
fsr-3281	208	11	)	)	PUNCT
fsr-3281	208	12	outlines	outline	VERB
fsr-3281	208	13	the	the	DET
fsr-3281	208	14	five	five	NUM
fsr-3281	208	15	key	key	ADJ
fsr-3281	208	16	trigger	trigger	NOUN
fsr-3281	208	17	descriptions	description	NOUN
fsr-3281	208	18	:	:	PUNCT
fsr-3281	208	19	parametric	parametric	ADJ
fsr-3281	208	20	,	,	PUNCT
fsr-3281	208	21	modeled	model	VERB
fsr-3281	208	22	loss	loss	NOUN
fsr-3281	208	23	,	,	PUNCT
fsr-3281	208	24	industry	industry	NOUN
fsr-3281	208	25	loss	loss	NOUN
fsr-3281	208	26	index	index	NOUN
fsr-3281	208	27	,	,	PUNCT
fsr-3281	208	28	indemnity	indemnity	NOUN
fsr-3281	208	29	,	,	PUNCT
fsr-3281	208	30	and	and	CCONJ
fsr-3281	208	31	hybrid.12	hybrid.12	NOUN
fsr-3281	208	32	a	a	DET
fsr-3281	208	33	parametric	parametric	ADJ
fsr-3281	208	34	bond	bond	NOUN
fsr-3281	208	35	is	be	AUX
fsr-3281	208	36	triggered	trigger	VERB
fsr-3281	208	37	if	if	SCONJ
fsr-3281	208	38	specific	specific	ADJ
fsr-3281	208	39	,	,	PUNCT
fsr-3281	208	40	objective	objective	ADJ
fsr-3281	208	41	“	"	PUNCT
fsr-3281	208	42	parameters	parameter	NOUN
fsr-3281	208	43	”	"	PUNCT
fsr-3281	208	44	are	be	AUX
fsr-3281	208	45	met	meet	VERB
fsr-3281	208	46	—	—	PUNCT
fsr-3281	208	47	for	for	ADP
fsr-3281	208	48	example	example	NOUN
fsr-3281	208	49	,	,	PUNCT
fsr-3281	208	50	wind	wind	NOUN
fsr-3281	208	51	speed	speed	NOUN
fsr-3281	208	52	for	for	ADP
fsr-3281	208	53	a	a	DET
fsr-3281	208	54	hurricane	hurricane	NOUN
fsr-3281	208	55	-	-	PUNCT
fsr-3281	208	56	linked	link	VERB
fsr-3281	208	57	bond	bond	NOUN
fsr-3281	208	58	or	or	CCONJ
fsr-3281	208	59	ground	ground	NOUN
fsr-3281	208	60	acceleration	acceleration	NOUN
fsr-3281	208	61	for	for	ADP
fsr-3281	208	62	an	an	DET
fsr-3281	208	63	earthquake	earthquake	NOUN
fsr-3281	208	64	-	-	PUNCT
fsr-3281	208	65	linked	link	VERB
fsr-3281	208	66	bond	bond	NOUN
fsr-3281	208	67	.	.	PUNCT
fsr-3281	209	1	this	this	PRON
fsr-3281	209	2	is	be	AUX
fsr-3281	209	3	the	the	DET
fsr-3281	209	4	most	most	ADV
fsr-3281	209	5	transparent	transparent	ADJ
fsr-3281	209	6	and	and	CCONJ
fsr-3281	209	7	easiest	easy	ADJ
fsr-3281	209	8	to	to	PART
fsr-3281	209	9	verify	verify	VERB
fsr-3281	209	10	of	of	ADP
fsr-3281	209	11	the	the	DET
fsr-3281	209	12	triggers	trigger	NOUN
fsr-3281	209	13	and	and	CCONJ
fsr-3281	209	14	presents	present	VERB
fsr-3281	209	15	the	the	DET
fsr-3281	209	16	least	least	ADJ
fsr-3281	209	17	potential	potential	NOUN
fsr-3281	209	18	for	for	ADP
fsr-3281	209	19	a	a	DET
fsr-3281	209	20	sponsor	sponsor	NOUN
fsr-3281	209	21	to	to	PART
fsr-3281	209	22	influence	influence	VERB
fsr-3281	209	23	the	the	DET
fsr-3281	209	24	bond	bond	NOUN
fsr-3281	209	25	’s	’s	PART
fsr-3281	209	26	performance	performance	NOUN
fsr-3281	209	27	.	.	PUNCT
fsr-3281	210	1	it	it	PRON
fsr-3281	210	2	typically	typically	ADV
fsr-3281	210	3	pays	pay	VERB
fsr-3281	210	4	a	a	DET
fsr-3281	210	5	lower	low	ADJ
fsr-3281	210	6	yield	yield	NOUN
fsr-3281	210	7	than	than	ADP
fsr-3281	210	8	bonds	bond	NOUN
fsr-3281	210	9	with	with	ADP
fsr-3281	210	10	other	other	ADJ
fsr-3281	210	11	trigger	trigger	NOUN
fsr-3281	210	12	types	type	NOUN
fsr-3281	210	13	,	,	PUNCT
fsr-3281	210	14	as	as	SCONJ
fsr-3281	210	15	it	it	PRON
fsr-3281	210	16	may	may	AUX
fsr-3281	210	17	not	not	PART
fsr-3281	210	18	cover	cover	VERB
fsr-3281	210	19	all	all	PRON
fsr-3281	210	20	of	of	ADP
fsr-3281	210	21	sponsor	sponsor	NOUN
fsr-3281	210	22	’s	’s	PART
fsr-3281	210	23	losses	loss	NOUN
fsr-3281	210	24	.	.	PUNCT
fsr-3281	211	1	the	the	DET
fsr-3281	211	2	second	second	ADJ
fsr-3281	211	3	category	category	NOUN
fsr-3281	211	4	,	,	PUNCT
fsr-3281	211	5	modeled	model	VERB
fsr-3281	211	6	loss	loss	NOUN
fsr-3281	211	7	,	,	PUNCT
fsr-3281	211	8	measures	measure	VERB
fsr-3281	211	9	the	the	DET
fsr-3281	211	10	sponsoring	sponsor	VERB
fsr-3281	211	11	firm	firm	NOUN
fsr-3281	211	12	’s	’s	PART
fsr-3281	211	13	exposure	exposure	NOUN
fsr-3281	211	14	or	or	CCONJ
fsr-3281	211	15	expected	expect	VERB
fsr-3281	211	16	loss	loss	NOUN
fsr-3281	211	17	.	.	PUNCT
fsr-3281	212	1	it	it	PRON
fsr-3281	212	2	is	be	AUX
fsr-3281	212	3	calculated	calculate	VERB
fsr-3281	212	4	by	by	ADP
fsr-3281	212	5	computer	computer	NOUN
fsr-3281	212	6	models	model	NOUN
fsr-3281	212	7	that	that	PRON
fsr-3281	212	8	use	use	VERB
fsr-3281	212	9	objective	objective	ADJ
fsr-3281	212	10	data	datum	NOUN
fsr-3281	212	11	,	,	PUNCT
fsr-3281	212	12	such	such	ADJ
fsr-3281	212	13	as	as	ADP
fsr-3281	212	14	actual	actual	ADJ
fsr-3281	212	15	wind	wind	NOUN
fsr-3281	212	16	speeds	speed	NOUN
fsr-3281	212	17	or	or	CCONJ
fsr-3281	212	18	ground	ground	NOUN
fsr-3281	212	19	acceleration	acceleration	NOUN
fsr-3281	212	20	.	.	PUNCT
fsr-3281	213	1	the	the	DET
fsr-3281	213	2	bond	bond	NOUN
fsr-3281	213	3	is	be	AUX
fsr-3281	213	4	triggered	trigger	VERB
fsr-3281	213	5	if	if	SCONJ
fsr-3281	213	6	the	the	DET
fsr-3281	213	7	sponsor	sponsor	NOUN
fsr-3281	213	8	’s	’s	PART
fsr-3281	213	9	exposure	exposure	NOUN
fsr-3281	213	10	exceeds	exceed	VERB
fsr-3281	213	11	a	a	DET
fsr-3281	213	12	specified	specify	VERB
fsr-3281	213	13	dollar	dollar	NOUN
fsr-3281	213	14	amount	amount	NOUN
fsr-3281	213	15	.	.	PUNCT
fsr-3281	214	1	it	it	PRON
fsr-3281	214	2	allows	allow	VERB
fsr-3281	214	3	for	for	ADP
fsr-3281	214	4	faster	fast	ADJ
fsr-3281	214	5	verification	verification	NOUN
fsr-3281	214	6	than	than	ADP
fsr-3281	214	7	the	the	DET
fsr-3281	214	8	industry	industry	NOUN
fsr-3281	214	9	-	-	PUNCT
fsr-3281	214	10	loss	loss	NOUN
fsr-3281	214	11	or	or	CCONJ
fsr-3281	214	12	indemnity	indemnity	NOUN
fsr-3281	214	13	triggers	trigger	NOUN
fsr-3281	214	14	described	describe	VERB
fsr-3281	214	15	below	below	ADV
fsr-3281	214	16	,	,	PUNCT
fsr-3281	214	17	but	but	CCONJ
fsr-3281	214	18	there	there	PRON
fsr-3281	214	19	is	be	VERB
fsr-3281	214	20	a	a	DET
fsr-3281	214	21	heavy	heavy	ADJ
fsr-3281	214	22	reliance	reliance	NOUN
fsr-3281	214	23	on	on	ADP
fsr-3281	214	24	computer	computer	NOUN
fsr-3281	214	25	modeling	modeling	NOUN
fsr-3281	214	26	to	to	PART
fsr-3281	214	27	determine	determine	VERB
fsr-3281	214	28	when	when	SCONJ
fsr-3281	214	29	the	the	DET
fsr-3281	214	30	trigger	trigger	NOUN
fsr-3281	214	31	has	have	AUX
fsr-3281	214	32	occurred	occur	VERB
fsr-3281	214	33	.	.	PUNCT
fsr-3281	215	1	if	if	SCONJ
fsr-3281	215	2	the	the	DET
fsr-3281	215	3	computer	computer	NOUN
fsr-3281	215	4	program	program	NOUN
fsr-3281	215	5	is	be	AUX
fsr-3281	215	6	good	good	ADJ
fsr-3281	215	7	,	,	PUNCT
fsr-3281	215	8	then	then	ADV
fsr-3281	215	9	the	the	DET
fsr-3281	215	10	estimates	estimate	NOUN
fsr-3281	215	11	are	be	AUX
fsr-3281	215	12	good	good	ADJ
fsr-3281	215	13	.	.	PUNCT
fsr-3281	216	1	within	within	ADP
fsr-3281	216	2	the	the	DET
fsr-3281	216	3	industry	industry	NOUN
fsr-3281	216	4	-	-	PUNCT
fsr-3281	216	5	loss	loss	NOUN
fsr-3281	216	6	index	index	NOUN
fsr-3281	216	7	,	,	PUNCT
fsr-3281	216	8	a	a	DET
fsr-3281	216	9	bond	bond	NOUN
fsr-3281	216	10	is	be	AUX
fsr-3281	216	11	triggered	trigger	VERB
fsr-3281	216	12	when	when	SCONJ
fsr-3281	216	13	the	the	DET
fsr-3281	216	14	amount	amount	NOUN
fsr-3281	216	15	of	of	ADP
fsr-3281	216	16	the	the	DET
fsr-3281	216	17	overall	overall	ADJ
fsr-3281	216	18	industry	industry	NOUN
fsr-3281	216	19	loss	loss	NOUN
fsr-3281	216	20	from	from	ADP
fsr-3281	216	21	an	an	DET
fsr-3281	216	22	event	event	NOUN
fsr-3281	216	23	,	,	PUNCT
fsr-3281	216	24	usually	usually	ADV
fsr-3281	216	25	determined	determine	VERB
fsr-3281	216	26	by	by	ADP
fsr-3281	216	27	an	an	DET
fsr-3281	216	28	independent	independent	ADJ
fsr-3281	216	29	third	third	ADJ
fsr-3281	216	30	party	party	NOUN
fsr-3281	216	31	,	,	PUNCT
fsr-3281	216	32	exceeds	exceed	VERB
fsr-3281	216	33	a	a	DET
fsr-3281	216	34	certain	certain	ADJ
fsr-3281	216	35	amount	amount	NOUN
fsr-3281	216	36	.	.	PUNCT
fsr-3281	217	1	in	in	ADP
fsr-3281	217	2	this	this	DET
fsr-3281	217	3	situation	situation	NOUN
fsr-3281	217	4	,	,	PUNCT
fsr-3281	217	5	there	there	PRON
fsr-3281	217	6	is	be	VERB
fsr-3281	217	7	minimal	minimal	ADJ
fsr-3281	217	8	potential	potential	NOUN
fsr-3281	217	9	for	for	ADP
fsr-3281	217	10	a	a	DET
fsr-3281	217	11	sponsor	sponsor	NOUN
fsr-3281	217	12	to	to	PART
fsr-3281	217	13	influence	influence	VERB
fsr-3281	217	14	the	the	DET
fsr-3281	217	15	bond	bond	NOUN
fsr-3281	217	16	’s	’s	PART
fsr-3281	217	17	performance	performance	NOUN
fsr-3281	217	18	,	,	PUNCT
fsr-3281	217	19	as	as	SCONJ
fsr-3281	217	20	the	the	DET
fsr-3281	217	21	index	index	NOUN
fsr-3281	217	22	is	be	AUX
fsr-3281	217	23	based	base	VERB
fsr-3281	217	24	on	on	ADP
fsr-3281	217	25	industry	industry	NOUN
fsr-3281	217	26	-	-	PUNCT
fsr-3281	217	27	wide	wide	ADJ
fsr-3281	217	28	losses	loss	NOUN
fsr-3281	217	29	for	for	ADP
fsr-3281	217	30	each	each	DET
fsr-3281	217	31	event	event	NOUN
fsr-3281	217	32	.	.	PUNCT
fsr-3281	218	1	it	it	PRON
fsr-3281	218	2	typically	typically	ADV
fsr-3281	218	3	pays	pay	VERB
fsr-3281	218	4	a	a	DET
fsr-3281	218	5	somewhat	somewhat	ADV
fsr-3281	218	6	higher	high	ADJ
fsr-3281	218	7	yield	yield	NOUN
fsr-3281	218	8	than	than	ADP
fsr-3281	218	9	for	for	ADP
fsr-3281	218	10	parametric	parametric	ADJ
fsr-3281	218	11	triggers	trigger	NOUN
fsr-3281	218	12	,	,	PUNCT
fsr-3281	218	13	but	but	CCONJ
fsr-3281	218	14	compared	compare	VERB
fsr-3281	218	15	with	with	ADP
fsr-3281	218	16	parametric	parametric	ADJ
fsr-3281	218	17	and	and	CCONJ
fsr-3281	218	18	modeled	model	VERB
fsr-3281	218	19	loss	loss	NOUN
fsr-3281	218	20	triggers	trigger	NOUN
fsr-3281	218	21	,	,	PUNCT
fsr-3281	218	22	it	it	PRON
fsr-3281	218	23	takes	take	VERB
fsr-3281	218	24	longer	long	ADV
fsr-3281	218	25	to	to	PART
fsr-3281	218	26	compute	compute	VERB
fsr-3281	218	27	the	the	DET
fsr-3281	218	28	final	final	ADJ
fsr-3281	218	29	amount	amount	NOUN
fsr-3281	218	30	of	of	ADP
fsr-3281	218	31	industry	industry	NOUN
fsr-3281	218	32	loss	loss	NOUN
fsr-3281	218	33	,	,	PUNCT
fsr-3281	218	34	leading	lead	VERB
fsr-3281	218	35	to	to	ADP
fsr-3281	218	36	increased	increase	VERB
fsr-3281	218	37	uncertainty	uncertainty	NOUN
fsr-3281	218	38	for	for	ADP
fsr-3281	218	39	investors	investor	NOUN
fsr-3281	218	40	.	.	PUNCT
fsr-3281	219	1	within	within	ADP
fsr-3281	219	2	the	the	DET
fsr-3281	219	3	indemnity	indemnity	NOUN
fsr-3281	219	4	category	category	NOUN
fsr-3281	219	5	,	,	PUNCT
fsr-3281	219	6	a	a	DET
fsr-3281	219	7	bond	bond	NOUN
fsr-3281	219	8	is	be	AUX
fsr-3281	219	9	triggered	trigger	VERB
fsr-3281	219	10	when	when	SCONJ
fsr-3281	219	11	the	the	DET
fsr-3281	219	12	sponsor	sponsor	NOUN
fsr-3281	219	13	’s	’s	PART
fsr-3281	219	14	actual	actual	ADJ
fsr-3281	219	15	underwritten	underwritten	ADJ
fsr-3281	219	16	loss	loss	NOUN
fsr-3281	219	17	on	on	ADP
fsr-3281	219	18	specific	specific	ADJ
fsr-3281	219	19	insurance	insurance	NOUN
fsr-3281	219	20	policies	policy	NOUN
fsr-3281	219	21	exceeds	exceed	VERB
fsr-3281	219	22	a	a	DET
fsr-3281	219	23	predetermined	predetermine	VERB
fsr-3281	219	24	amount	amount	NOUN
fsr-3281	219	25	.	.	PUNCT
fsr-3281	220	1	for	for	ADP
fsr-3281	220	2	example	example	NOUN
fsr-3281	220	3	,	,	PUNCT
fsr-3281	220	4	a	a	DET
fsr-3281	220	5	sponsor	sponsor	NOUN
fsr-3281	220	6	’s	’s	PART
fsr-3281	220	7	insurance	insurance	NOUN
fsr-3281	220	8	claims	claim	NOUN
fsr-3281	220	9	resulting	result	VERB
fsr-3281	220	10	from	from	ADP
fsr-3281	220	11	a	a	DET
fsr-3281	220	12	florida	florida	PROPN
fsr-3281	220	13	hurricane	hurricane	NOUN
fsr-3281	220	14	may	may	AUX
fsr-3281	220	15	need	need	VERB
fsr-3281	220	16	to	to	PART
fsr-3281	220	17	exceed	exceed	VERB
fsr-3281	220	18	$	$	SYM
fsr-3281	220	19	1	1	NUM
fsr-3281	220	20	billion	billion	NUM
fsr-3281	220	21	to	to	ADP
fsr-3281	220	22	the	the	DET
fsr-3281	220	23	sponsor	sponsor	NOUN
fsr-3281	220	24	before	before	SCONJ
fsr-3281	220	25	investors	investor	NOUN
fsr-3281	220	26	lose	lose	VERB
fsr-3281	220	27	their	their	PRON
fsr-3281	220	28	interest	interest	NOUN
fsr-3281	220	29	and	and	CCONJ
fsr-3281	220	30	principal	principal	NOUN
fsr-3281	220	31	.	.	PUNCT
fsr-3281	221	1	it	it	PRON
fsr-3281	221	2	typically	typically	ADV
fsr-3281	221	3	pays	pay	VERB
fsr-3281	221	4	the	the	DET
fsr-3281	221	5	highest	high	ADJ
fsr-3281	221	6	yield	yield	NOUN
fsr-3281	221	7	of	of	ADP
fsr-3281	221	8	the	the	DET
fsr-3281	221	9	different	different	ADJ
fsr-3281	221	10	trigger	trigger	NOUN
fsr-3281	221	11	types	type	NOUN
fsr-3281	221	12	,	,	PUNCT
fsr-3281	221	13	as	as	SCONJ
fsr-3281	221	14	it	it	PRON
fsr-3281	221	15	provides	provide	VERB
fsr-3281	221	16	the	the	DET
fsr-3281	221	17	best	good	ADJ
fsr-3281	221	18	protection	protection	NOUN
fsr-3281	221	19	to	to	ADP
fsr-3281	221	20	the	the	DET
fsr-3281	221	21	sponsor	sponsor	NOUN
fsr-3281	221	22	,	,	PUNCT
fsr-3281	221	23	but	but	CCONJ
fsr-3281	221	24	it	it	PRON
fsr-3281	221	25	presents	present	VERB
fsr-3281	221	26	the	the	DET
fsr-3281	221	27	most	most	ADV
fsr-3281	221	28	potential	potential	NOUN
fsr-3281	221	29	for	for	SCONJ
fsr-3281	221	30	the	the	DET
fsr-3281	221	31	sponsor	sponsor	NOUN
fsr-3281	221	32	to	to	PART
fsr-3281	221	33	influence	influence	VERB
fsr-3281	221	34	bond	bond	NOUN
fsr-3281	221	35	performance	performance	NOUN
fsr-3281	221	36	,	,	PUNCT
fsr-3281	221	37	as	as	SCONJ
fsr-3281	221	38	payouts	payout	NOUN
fsr-3281	221	39	are	be	AUX
fsr-3281	221	40	based	base	VERB
fsr-3281	221	41	on	on	ADP
fsr-3281	221	42	the	the	DET
fsr-3281	221	43	individual	individual	ADJ
fsr-3281	221	44	policy	policy	NOUN
fsr-3281	221	45	claims	claim	NOUN
fsr-3281	221	46	against	against	ADP
fsr-3281	221	47	the	the	DET
fsr-3281	221	48	sponsor	sponsor	NOUN
fsr-3281	221	49	and	and	CCONJ
fsr-3281	221	50	the	the	DET
fsr-3281	221	51	way	way	NOUN
fsr-3281	221	52	the	the	DET
fsr-3281	221	53	sponsor	sponsor	NOUN
fsr-3281	221	54	settles	settle	VERB
fsr-3281	221	55	those	those	DET
fsr-3281	221	56	claims	claim	NOUN
fsr-3281	221	57	.	.	PUNCT
fsr-3281	222	1	furthermore	furthermore	ADV
fsr-3281	222	2	,	,	PUNCT
fsr-3281	222	3	a	a	DET
fsr-3281	222	4	long	long	ADJ
fsr-3281	222	5	period	period	NOUN
fsr-3281	222	6	of	of	ADP
fsr-3281	222	7	time	time	NOUN
fsr-3281	222	8	can	can	AUX
fsr-3281	222	9	be	be	AUX
fsr-3281	222	10	needed	need	VERB
fsr-3281	222	11	to	to	PART
fsr-3281	222	12	calculate	calculate	VERB
fsr-3281	222	13	total	total	ADJ
fsr-3281	222	14	loss	loss	NOUN
fsr-3281	222	15	claims	claim	NOUN
fsr-3281	222	16	,	,	PUNCT
fsr-3281	222	17	again	again	ADV
fsr-3281	222	18	leading	lead	VERB
fsr-3281	222	19	to	to	ADP
fsr-3281	222	20	increased	increase	VERB
fsr-3281	222	21	uncertainty	uncertainty	NOUN
fsr-3281	222	22	for	for	ADP
fsr-3281	222	23	investors	investor	NOUN
fsr-3281	222	24	.	.	PUNCT
fsr-3281	223	1	the	the	DET
fsr-3281	223	2	fifth	fifth	ADJ
fsr-3281	223	3	classification	classification	NOUN
fsr-3281	223	4	,	,	PUNCT
fsr-3281	223	5	a	a	DET
fsr-3281	223	6	hybrid	hybrid	ADJ
fsr-3281	223	7	trigger	trigger	NOUN
fsr-3281	223	8	,	,	PUNCT
fsr-3281	223	9	is	be	AUX
fsr-3281	223	10	created	create	VERB
fsr-3281	223	11	by	by	ADP
fsr-3281	223	12	combining	combine	VERB
fsr-3281	223	13	any	any	PRON
fsr-3281	223	14	of	of	ADP
fsr-3281	223	15	the	the	DET
fsr-3281	223	16	above	above	ADJ
fsr-3281	223	17	triggers	trigger	NOUN
fsr-3281	223	18	.	.	PUNCT
fsr-3281	224	1	it	it	PRON
fsr-3281	224	2	is	be	AUX
fsr-3281	224	3	useful	useful	ADJ
fsr-3281	224	4	for	for	ADP
fsr-3281	224	5	bonds	bond	NOUN
fsr-3281	224	6	linked	link	VERB
fsr-3281	224	7	to	to	ADP
fsr-3281	224	8	multiple	multiple	ADJ
fsr-3281	224	9	events	event	NOUN
fsr-3281	224	10	and	and	CCONJ
fsr-3281	224	11	can	can	AUX
fsr-3281	224	12	be	be	AUX
fsr-3281	224	13	structured	structure	VERB
fsr-3281	224	14	to	to	ADP
fsr-3281	224	15	cushion	cushion	NOUN
fsr-3281	224	16	investors	investor	NOUN
fsr-3281	224	17	’	’	PART
fsr-3281	224	18	losses	loss	NOUN
fsr-3281	224	19	and/or	and/or	CCONJ
fsr-3281	224	20	enhance	enhance	VERB
fsr-3281	224	21	yield	yield	NOUN
fsr-3281	224	22	potential	potential	NOUN
fsr-3281	224	23	.	.	PUNCT
fsr-3281	225	1	however	however	ADV
fsr-3281	225	2	,	,	PUNCT
fsr-3281	225	3	depending	depend	VERB
fsr-3281	225	4	on	on	ADP
fsr-3281	225	5	the	the	DET
fsr-3281	225	6	components	component	NOUN
fsr-3281	225	7	of	of	ADP
fsr-3281	225	8	the	the	DET
fsr-3281	225	9	hybrid	hybrid	NOUN
fsr-3281	225	10	trigger	trigger	NOUN
fsr-3281	225	11	,	,	PUNCT
fsr-3281	225	12	it	it	PRON
fsr-3281	225	13	can	can	AUX
fsr-3281	225	14	be	be	AUX
fsr-3281	225	15	complicated	complicate	VERB
fsr-3281	225	16	and	and	CCONJ
fsr-3281	225	17	difficult	difficult	ADJ
fsr-3281	225	18	to	to	PART
fsr-3281	225	19	understand	understand	VERB
fsr-3281	225	20	or	or	CCONJ
fsr-3281	225	21	verify	verify	VERB
fsr-3281	225	22	.	.	PUNCT
fsr-3281	226	1	according	accord	VERB
fsr-3281	226	2	to	to	ADP
fsr-3281	226	3	swiss	swiss	PROPN
fsr-3281	226	4	re	re	X
fsr-3281	226	5	(	(	PUNCT
fsr-3281	226	6	2012a	2012a	NOUN
fsr-3281	226	7	,	,	PUNCT
fsr-3281	226	8	2012b	2012b	NUM
fsr-3281	226	9	)	)	PUNCT
fsr-3281	226	10	,	,	PUNCT
fsr-3281	226	11	the	the	DET
fsr-3281	226	12	natural	natural	ADJ
fsr-3281	226	13	catastrophic	catastrophic	ADJ
fsr-3281	226	14	bond	bond	NOUN
fsr-3281	226	15	trigger	trigger	NOUN
fsr-3281	226	16	breakdown	breakdown	NOUN
fsr-3281	226	17	by	by	ADP
fsr-3281	226	18	classification	classification	NOUN
fsr-3281	226	19	were	be	AUX
fsr-3281	226	20	industry	industry	NOUN
fsr-3281	226	21	index	index	NOUN
fsr-3281	226	22	(	(	PUNCT
fsr-3281	226	23	40	40	NUM
fsr-3281	226	24	%	%	NOUN
fsr-3281	226	25	)	)	PUNCT
fsr-3281	226	26	,	,	PUNCT
fsr-3281	226	27	indemnity	indemnity	NOUN
fsr-3281	226	28	(	(	PUNCT
fsr-3281	226	29	37	37	NUM
fsr-3281	226	30	%	%	NOUN
fsr-3281	226	31	)	)	PUNCT
fsr-3281	226	32	,	,	PUNCT
fsr-3281	226	33	parametric	parametric	ADJ
fsr-3281	226	34	index	index	NOUN
fsr-3281	226	35	(	(	PUNCT
fsr-3281	226	36	12	12	NUM
fsr-3281	226	37	%	%	NOUN
fsr-3281	226	38	)	)	PUNCT
fsr-3281	226	39	,	,	PUNCT
fsr-3281	226	40	modeled	model	VERB
fsr-3281	226	41	losses	loss	NOUN
fsr-3281	226	42	(	(	PUNCT
fsr-3281	226	43	6	6	NUM
fsr-3281	226	44	%	%	NOUN
fsr-3281	226	45	)	)	PUNCT
fsr-3281	226	46	,	,	PUNCT
fsr-3281	226	47	hybrid	hybrid	NOUN
fsr-3281	226	48	(	(	PUNCT
fsr-3281	226	49	4	4	NUM
fsr-3281	226	50	%	%	NOUN
fsr-3281	226	51	)	)	PUNCT
fsr-3281	226	52	,	,	PUNCT
fsr-3281	226	53	and	and	CCONJ
fsr-3281	226	54	other	other	ADJ
fsr-3281	226	55	(	(	PUNCT
fsr-3281	226	56	2	2	NUM
fsr-3281	226	57	%	%	NOUN
fsr-3281	226	58	)	)	PUNCT
fsr-3281	226	59	.	.	PUNCT
fsr-3281	227	1	313r.j	313r.j	X
fsr-3281	227	2	.	.	PUNCT
fsr-3281	227	3	kish	kish	PROPN
fsr-3281	227	4	/	/	SYM
fsr-3281	227	5	financial	financial	ADJ
fsr-3281	227	6	services	service	NOUN
fsr-3281	227	7	review	review	VERB
fsr-3281	227	8	25	25	NUM
fsr-3281	227	9	(	(	PUNCT
fsr-3281	227	10	2016	2016	NUM
fsr-3281	227	11	)	)	PUNCT
fsr-3281	228	1	303–329	303–329	NUM
fsr-3281	228	2	4	4	NUM
fsr-3281	228	3	.	.	PUNCT
fsr-3281	228	4	catastrophic	catastrophic	ADJ
fsr-3281	228	5	costs	cost	NOUN
fsr-3281	228	6	and	and	CCONJ
fsr-3281	228	7	the	the	DET
fsr-3281	228	8	need	need	NOUN
fsr-3281	228	9	for	for	ADP
fsr-3281	228	10	offsetting	offset	VERB
fsr-3281	228	11	risks	risk	NOUN
fsr-3281	228	12	catastrophic	catastrophic	ADJ
fsr-3281	228	13	costs	cost	NOUN
fsr-3281	228	14	vary	vary	VERB
fsr-3281	228	15	from	from	ADP
fsr-3281	228	16	disaster	disaster	NOUN
fsr-3281	228	17	to	to	ADP
fsr-3281	228	18	disaster	disaster	NOUN
fsr-3281	228	19	and	and	CCONJ
fsr-3281	228	20	from	from	ADP
fsr-3281	228	21	year	year	NOUN
fsr-3281	228	22	to	to	ADP
fsr-3281	228	23	year	year	NOUN
fsr-3281	228	24	.	.	PUNCT
fsr-3281	229	1	for	for	ADP
fsr-3281	229	2	instance	instance	NOUN
fsr-3281	229	3	,	,	PUNCT
fsr-3281	229	4	the	the	DET
fsr-3281	229	5	tenth	tenth	ADV
fsr-3281	229	6	costliest	costly	ADJ
fsr-3281	229	7	natural	natural	ADJ
fsr-3281	229	8	disaster	disaster	NOUN
fsr-3281	229	9	in	in	ADP
fsr-3281	229	10	the	the	DET
fsr-3281	229	11	united	united	PROPN
fsr-3281	229	12	states	states	PROPN
fsr-3281	229	13	between	between	ADP
fsr-3281	229	14	1980	1980	NUM
fsr-3281	229	15	and	and	CCONJ
fsr-3281	229	16	2010	2010	NUM
fsr-3281	229	17	reported	report	VERB
fsr-3281	229	18	by	by	ADP
fsr-3281	229	19	bankrate.com	bankrate.com	PROPN
fsr-3281	229	20	was	be	AUX
fsr-3281	229	21	hurricane	hurricane	PROPN
fsr-3281	229	22	katrina	katrina	PROPN
fsr-3281	229	23	in	in	ADP
fsr-3281	229	24	2005.13	2005.13	NUM
fsr-3281	229	25	the	the	DET
fsr-3281	229	26	states	state	NOUN
fsr-3281	229	27	impacted	impact	VERB
fsr-3281	229	28	the	the	DET
fsr-3281	229	29	most	most	ADJ
fsr-3281	229	30	were	be	AUX
fsr-3281	229	31	alabama	alabama	PROPN
fsr-3281	229	32	,	,	PUNCT
fsr-3281	229	33	florida	florida	PROPN
fsr-3281	229	34	,	,	PUNCT
fsr-3281	229	35	louisiana	louisiana	PROPN
fsr-3281	229	36	,	,	PUNCT
fsr-3281	229	37	and	and	CCONJ
fsr-3281	229	38	mississippi	mississippi	PROPN
fsr-3281	229	39	with	with	ADP
fsr-3281	229	40	total	total	ADJ
fsr-3281	229	41	damages	damage	NOUN
fsr-3281	229	42	of	of	ADP
fsr-3281	229	43	$	$	SYM
fsr-3281	229	44	145	145	NUM
fsr-3281	229	45	billion	billion	NUM
fsr-3281	229	46	(	(	PUNCT
fsr-3281	229	47	$	$	SYM
fsr-3281	229	48	79	79	NUM
fsr-3281	229	49	billion	billion	NUM
fsr-3281	229	50	insured	insure	VERB
fsr-3281	229	51	)	)	PUNCT
fsr-3281	229	52	and	and	CCONJ
fsr-3281	229	53	1,836	1,836	NUM
fsr-3281	229	54	deaths	death	NOUN
fsr-3281	229	55	.	.	PUNCT
fsr-3281	230	1	the	the	DET
fsr-3281	230	2	top	top	ADJ
fsr-3281	230	3	10	10	NUM
fsr-3281	230	4	disasters	disaster	NOUN
fsr-3281	230	5	totaled	total	VERB
fsr-3281	230	6	over	over	ADP
fsr-3281	230	7	$	$	SYM
fsr-3281	230	8	500	500	NUM
fsr-3281	230	9	billion	billion	NUM
fsr-3281	230	10	in	in	ADP
fsr-3281	230	11	damages	damage	NOUN
fsr-3281	230	12	and	and	CCONJ
fsr-3281	230	13	more	more	ADJ
fsr-3281	230	14	than	than	ADP
fsr-3281	230	15	20,000	20,000	NUM
fsr-3281	230	16	deaths	death	NOUN
fsr-3281	230	17	.	.	PUNCT
fsr-3281	231	1	besides	besides	SCONJ
fsr-3281	231	2	hurricane	hurricane	NOUN
fsr-3281	231	3	damage	damage	NOUN
fsr-3281	231	4	,	,	PUNCT
fsr-3281	231	5	terroristic	terroristic	ADJ
fsr-3281	231	6	attacks	attack	NOUN
fsr-3281	231	7	(	(	PUNCT
fsr-3281	231	8	ex	ex	X
fsr-3281	231	9	.	.	PUNCT
fsr-3281	232	1	the	the	DET
fsr-3281	232	2	2001	2001	NUM
fsr-3281	232	3	9/11	9/11	NUM
fsr-3281	232	4	new	new	PROPN
fsr-3281	232	5	york	york	PROPN
fsr-3281	232	6	city	city	PROPN
fsr-3281	232	7	twin	twin	PROPN
fsr-3281	232	8	tower	tower	NOUN
fsr-3281	232	9	attack	attack	NOUN
fsr-3281	232	10	:	:	PUNCT
fsr-3281	232	11	$	$	SYM
fsr-3281	232	12	32.5	32.5	NUM
fsr-3281	232	13	billion	billion	NUM
fsr-3281	232	14	of	of	ADP
fsr-3281	232	15	insured	insure	VERB
fsr-3281	232	16	losses	loss	NOUN
fsr-3281	232	17	and	and	CCONJ
fsr-3281	232	18	2,976	2,976	NUM
fsr-3281	232	19	deaths	death	NOUN
fsr-3281	232	20	)	)	PUNCT
fsr-3281	232	21	and	and	CCONJ
fsr-3281	232	22	earthquakes	earthquake	NOUN
fsr-3281	232	23	(	(	PUNCT
fsr-3281	232	24	ex	ex	X
fsr-3281	232	25	.	.	NOUN
fsr-3281	232	26	2011	2011	NUM
fsr-3281	232	27	9.0	9.0	NUM
fsr-3281	232	28	mw	mw	PROPN
fsr-3281	232	29	tohuku	tohuku	PROPN
fsr-3281	232	30	japan	japan	PROPN
fsr-3281	232	31	earthquake	earthquake	PROPN
fsr-3281	232	32	:	:	PUNCT
fsr-3281	232	33	$	$	SYM
fsr-3281	232	34	36.8	36.8	NUM
fsr-3281	232	35	billion	billion	NUM
fsr-3281	232	36	of	of	ADP
fsr-3281	232	37	insured	insure	VERB
fsr-3281	232	38	losses	loss	NOUN
fsr-3281	232	39	and	and	CCONJ
fsr-3281	232	40	18,520	18,520	NUM
fsr-3281	232	41	deaths	death	NOUN
fsr-3281	232	42	)	)	PUNCT
fsr-3281	232	43	.	.	PUNCT
fsr-3281	233	1	from	from	ADP
fsr-3281	233	2	a	a	DET
fsr-3281	233	3	worldwide	worldwide	ADJ
fsr-3281	233	4	perspective	perspective	NOUN
fsr-3281	233	5	,	,	PUNCT
fsr-3281	233	6	2011	2011	NUM
fsr-3281	233	7	produced	produce	VERB
fsr-3281	233	8	the	the	DET
fsr-3281	233	9	largest	large	ADJ
fsr-3281	233	10	economic	economic	ADJ
fsr-3281	233	11	losses	loss	NOUN
fsr-3281	233	12	from	from	ADP
fsr-3281	233	13	earthquakes	earthquake	NOUN
fsr-3281	233	14	and	and	CCONJ
fsr-3281	233	15	natural	natural	ADJ
fsr-3281	233	16	disasters	disaster	NOUN
fsr-3281	233	17	tallying	tally	VERB
fsr-3281	233	18	over	over	ADP
fsr-3281	233	19	$	$	SYM
fsr-3281	233	20	365	365	NUM
fsr-3281	233	21	billion	billion	NUM
fsr-3281	233	22	and	and	CCONJ
fsr-3281	233	23	over	over	ADP
fsr-3281	233	24	20,000	20,000	NUM
fsr-3281	233	25	deaths	death	NOUN
fsr-3281	233	26	.	.	PUNCT
fsr-3281	234	1	several	several	ADJ
fsr-3281	234	2	of	of	ADP
fsr-3281	234	3	these	these	DET
fsr-3281	234	4	disasters	disaster	NOUN
fsr-3281	234	5	,	,	PUNCT
fsr-3281	234	6	such	such	ADJ
fsr-3281	234	7	as	as	ADP
fsr-3281	234	8	the	the	DET
fsr-3281	234	9	2011	2011	NUM
fsr-3281	234	10	japanese	japanese	ADJ
fsr-3281	234	11	earthquake	earthquake	NOUN
fsr-3281	234	12	and	and	CCONJ
fsr-3281	234	13	the	the	DET
fsr-3281	234	14	9/11	9/11	NUM
fsr-3281	234	15	bombing	bombing	NOUN
fsr-3281	234	16	of	of	ADP
fsr-3281	234	17	the	the	DET
fsr-3281	234	18	twin	twin	ADJ
fsr-3281	234	19	towers	tower	NOUN
fsr-3281	234	20	in	in	ADP
fsr-3281	234	21	new	new	PROPN
fsr-3281	234	22	york	york	PROPN
fsr-3281	234	23	city	city	PROPN
fsr-3281	234	24	,	,	PUNCT
fsr-3281	234	25	illustrate	illustrate	VERB
fsr-3281	234	26	the	the	DET
fsr-3281	234	27	type	type	NOUN
fsr-3281	234	28	of	of	ADP
fsr-3281	234	29	disasters	disaster	NOUN
fsr-3281	234	30	in	in	ADP
fsr-3281	234	31	which	which	PRON
fsr-3281	234	32	claims	claim	NOUN
fsr-3281	234	33	are	be	AUX
fsr-3281	234	34	not	not	PART
fsr-3281	234	35	settled	settle	VERB
fsr-3281	234	36	for	for	ADP
fsr-3281	234	37	years	year	NOUN
fsr-3281	234	38	after	after	SCONJ
fsr-3281	234	39	the	the	DET
fsr-3281	234	40	disaster	disaster	NOUN
fsr-3281	234	41	occurred	occur	VERB
fsr-3281	234	42	.	.	PUNCT
fsr-3281	235	1	4.1	4.1	NUM
fsr-3281	235	2	.	.	PUNCT
fsr-3281	235	3	historical	historical	ADJ
fsr-3281	235	4	loss	loss	NOUN
fsr-3281	235	5	perspective	perspective	NOUN
fsr-3281	235	6	table	table	NOUN
fsr-3281	235	7	2	2	NUM
fsr-3281	235	8	tallies	tally	NOUN
fsr-3281	235	9	the	the	DET
fsr-3281	235	10	25	25	NUM
fsr-3281	235	11	costliest	costly	ADJ
fsr-3281	235	12	worldwide	worldwide	ADJ
fsr-3281	235	13	insurance	insurance	NOUN
fsr-3281	235	14	losses	loss	NOUN
fsr-3281	235	15	from	from	ADP
fsr-3281	235	16	natural	natural	ADJ
fsr-3281	235	17	disasters	disaster	NOUN
fsr-3281	235	18	.	.	PUNCT
fsr-3281	236	1	for	for	ADP
fsr-3281	236	2	instance	instance	NOUN
fsr-3281	236	3	,	,	PUNCT
fsr-3281	236	4	hurricane	hurricane	PROPN
fsr-3281	236	5	katrina	katrina	PROPN
fsr-3281	236	6	in	in	ADP
fsr-3281	236	7	2005	2005	NUM
fsr-3281	236	8	is	be	AUX
fsr-3281	236	9	listed	list	VERB
fsr-3281	236	10	as	as	ADP
fsr-3281	236	11	the	the	DET
fsr-3281	236	12	costliest	costly	ADJ
fsr-3281	236	13	natural	natural	ADJ
fsr-3281	236	14	disaster	disaster	NOUN
fsr-3281	236	15	tallying	tally	VERB
fsr-3281	236	16	$	$	SYM
fsr-3281	236	17	78.6	78.6	NUM
fsr-3281	236	18	billion	billion	NUM
fsr-3281	236	19	in	in	ADP
fsr-3281	236	20	insured	insured	ADJ
fsr-3281	236	21	losses	loss	NOUN
fsr-3281	236	22	from	from	ADP
fsr-3281	236	23	the	the	DET
fsr-3281	236	24	united	united	PROPN
fsr-3281	236	25	states	states	PROPN
fsr-3281	236	26	(	(	PUNCT
fsr-3281	236	27	primarily	primarily	ADV
fsr-3281	236	28	alabama	alabama	PROPN
fsr-3281	236	29	,	,	PUNCT
fsr-3281	236	30	fl	fl	PROPN
fsr-3281	236	31	,	,	PUNCT
fsr-3281	236	32	la	la	ADJ
fsr-3281	236	33	,	,	PUNCT
fsr-3281	236	34	and	and	CCONJ
fsr-3281	236	35	mississippi	mississippi	PROPN
fsr-3281	236	36	)	)	PUNCT
fsr-3281	236	37	,	,	PUNCT
fsr-3281	236	38	mexico	mexico	PROPN
fsr-3281	236	39	,	,	PUNCT
fsr-3281	236	40	and	and	CCONJ
fsr-3281	236	41	the	the	DET
fsr-3281	236	42	bahamas	bahama	NOUN
fsr-3281	236	43	)	)	PUNCT
fsr-3281	236	44	.	.	PUNCT
fsr-3281	237	1	table	table	NOUN
fsr-3281	237	2	2	2	NUM
fsr-3281	237	3	also	also	ADV
fsr-3281	237	4	attributes	attribute	VERB
fsr-3281	237	5	1,836	1,836	NUM
fsr-3281	237	6	deaths	death	NOUN
fsr-3281	237	7	(	(	PUNCT
fsr-3281	237	8	dead	dead	ADJ
fsr-3281	237	9	or	or	CCONJ
fsr-3281	237	10	missing	missing	ADJ
fsr-3281	237	11	)	)	PUNCT
fsr-3281	237	12	occurring	occur	VERB
fsr-3281	237	13	directly	directly	ADV
fsr-3281	237	14	because	because	SCONJ
fsr-3281	237	15	of	of	ADP
fsr-3281	237	16	this	this	DET
fsr-3281	237	17	hurricane	hurricane	NOUN
fsr-3281	237	18	.	.	PUNCT
fsr-3281	238	1	thus	thus	ADV
fsr-3281	238	2	,	,	PUNCT
fsr-3281	238	3	the	the	DET
fsr-3281	238	4	key	key	ADJ
fsr-3281	238	5	takeaway	takeaway	NOUN
fsr-3281	238	6	from	from	ADP
fsr-3281	238	7	the	the	DET
fsr-3281	238	8	complete	complete	ADJ
fsr-3281	238	9	listing	listing	NOUN
fsr-3281	238	10	is	be	AUX
fsr-3281	238	11	the	the	DET
fsr-3281	238	12	massive	massive	ADJ
fsr-3281	238	13	amount	amount	NOUN
fsr-3281	238	14	of	of	ADP
fsr-3281	238	15	losses	loss	NOUN
fsr-3281	238	16	that	that	PRON
fsr-3281	238	17	have	have	AUX
fsr-3281	238	18	occurred	occur	VERB
fsr-3281	238	19	overtime	overtime	NOUN
fsr-3281	238	20	.	.	PUNCT
fsr-3281	239	1	these	these	DET
fsr-3281	239	2	losses	loss	NOUN
fsr-3281	239	3	justify	justify	VERB
fsr-3281	239	4	the	the	DET
fsr-3281	239	5	need	need	NOUN
fsr-3281	239	6	for	for	SCONJ
fsr-3281	239	7	insurance	insurance	NOUN
fsr-3281	239	8	companies	company	NOUN
fsr-3281	239	9	to	to	PART
fsr-3281	239	10	have	have	VERB
fsr-3281	239	11	a	a	DET
fsr-3281	239	12	mechanism	mechanism	NOUN
fsr-3281	239	13	to	to	PART
fsr-3281	239	14	offset	offset	VERB
fsr-3281	239	15	part	part	NOUN
fsr-3281	239	16	of	of	ADP
fsr-3281	239	17	their	their	PRON
fsr-3281	239	18	exposure	exposure	NOUN
fsr-3281	239	19	to	to	ADP
fsr-3281	239	20	catastrophic	catastrophic	ADJ
fsr-3281	239	21	risks	risk	NOUN
fsr-3281	239	22	.	.	PUNCT
fsr-3281	240	1	jarzabkiwski	jarzabkiwski	PROPN
fsr-3281	240	2	,	,	PUNCT
fsr-3281	240	3	bednarek	bednarek	ADJ
fsr-3281	240	4	,	,	PUNCT
fsr-3281	240	5	and	and	CCONJ
fsr-3281	240	6	spee	spee	PROPN
fsr-3281	240	7	(	(	PUNCT
fsr-3281	240	8	2015	2015	NUM
fsr-3281	240	9	)	)	PUNCT
fsr-3281	240	10	detail	detail	NOUN
fsr-3281	240	11	that	that	PRON
fsr-3281	240	12	the	the	DET
fsr-3281	240	13	primary	primary	ADJ
fsr-3281	240	14	offset	offset	NOUN
fsr-3281	240	15	in	in	ADP
fsr-3281	240	16	the	the	DET
fsr-3281	240	17	past	past	NOUN
fsr-3281	240	18	has	have	AUX
fsr-3281	240	19	been	be	AUX
fsr-3281	240	20	through	through	ADP
fsr-3281	240	21	the	the	DET
fsr-3281	240	22	reinsurance	reinsurance	NOUN
fsr-3281	240	23	market	market	NOUN
fsr-3281	240	24	,	,	PUNCT
fsr-3281	240	25	but	but	CCONJ
fsr-3281	240	26	that	that	SCONJ
fsr-3281	240	27	a	a	DET
fsr-3281	240	28	small	small	ADJ
fsr-3281	240	29	and	and	CCONJ
fsr-3281	240	30	growing	grow	VERB
fsr-3281	240	31	segment	segment	NOUN
fsr-3281	240	32	for	for	ADP
fsr-3281	240	33	this	this	DET
fsr-3281	240	34	offset	offset	NOUN
fsr-3281	240	35	is	be	AUX
fsr-3281	240	36	within	within	ADP
fsr-3281	240	37	the	the	DET
fsr-3281	240	38	financial	financial	ADJ
fsr-3281	240	39	markets	market	NOUN
fsr-3281	240	40	primarily	primarily	ADV
fsr-3281	240	41	with	with	ADP
fsr-3281	240	42	cat	cat	NOUN
fsr-3281	240	43	bonds	bond	NOUN
fsr-3281	240	44	.	.	PUNCT
fsr-3281	241	1	4.2	4.2	NUM
fsr-3281	241	2	.	.	X
fsr-3281	241	3	need	need	VERB
fsr-3281	241	4	for	for	ADP
fsr-3281	241	5	offsetting	offset	VERB
fsr-3281	241	6	risks	risk	NOUN
fsr-3281	241	7	swiss	swiss	ADJ
fsr-3281	241	8	re	re	ADP
fsr-3281	241	9	,	,	PUNCT
fsr-3281	241	10	a	a	DET
fsr-3281	241	11	leading	lead	VERB
fsr-3281	241	12	reinsurance	reinsurance	NOUN
fsr-3281	241	13	firm	firm	NOUN
fsr-3281	241	14	,	,	PUNCT
fsr-3281	241	15	offers	offer	VERB
fsr-3281	241	16	additional	additional	ADJ
fsr-3281	241	17	support	support	NOUN
fsr-3281	241	18	for	for	ADP
fsr-3281	241	19	the	the	DET
fsr-3281	241	20	need	need	NOUN
fsr-3281	241	21	of	of	ADP
fsr-3281	241	22	insurance	insurance	NOUN
fsr-3281	241	23	firms	firm	NOUN
fsr-3281	241	24	to	to	PART
fsr-3281	241	25	offset	offset	VERB
fsr-3281	241	26	catastrophic	catastrophic	ADJ
fsr-3281	241	27	risks	risk	NOUN
fsr-3281	241	28	.	.	PUNCT
fsr-3281	242	1	as	as	SCONJ
fsr-3281	242	2	shown	show	VERB
fsr-3281	242	3	in	in	ADP
fsr-3281	242	4	table	table	NOUN
fsr-3281	242	5	3	3	NUM
fsr-3281	242	6	,	,	PUNCT
fsr-3281	242	7	over	over	ADP
fsr-3281	242	8	the	the	DET
fsr-3281	242	9	past	past	ADJ
fsr-3281	242	10	five	five	NUM
fsr-3281	242	11	years	year	NOUN
fsr-3281	242	12	the	the	DET
fsr-3281	242	13	average	average	ADJ
fsr-3281	242	14	annual	annual	ADJ
fsr-3281	242	15	number	number	NOUN
fsr-3281	242	16	of	of	ADP
fsr-3281	242	17	disasters	disaster	NOUN
fsr-3281	242	18	was	be	AUX
fsr-3281	242	19	322	322	NUM
fsr-3281	242	20	;	;	PUNCT
fsr-3281	242	21	173	173	NUM
fsr-3281	242	22	(	(	PUNCT
fsr-3281	242	23	54	54	NUM
fsr-3281	242	24	%	%	NOUN
fsr-3281	242	25	)	)	PUNCT
fsr-3281	242	26	from	from	ADP
fsr-3281	242	27	natural	natural	ADJ
fsr-3281	242	28	disasters	disaster	NOUN
fsr-3281	242	29	and	and	CCONJ
fsr-3281	242	30	the	the	DET
fsr-3281	242	31	remaining	remain	VERB
fsr-3281	242	32	149	149	NUM
fsr-3281	242	33	(	(	PUNCT
fsr-3281	242	34	46	46	NUM
fsr-3281	242	35	%	%	NOUN
fsr-3281	242	36	)	)	PUNCT
fsr-3281	242	37	from	from	ADP
fsr-3281	242	38	manmade	manmade	NOUN
fsr-3281	242	39	disasters	disaster	NOUN
fsr-3281	242	40	.	.	PUNCT
fsr-3281	243	1	the	the	DET
fsr-3281	243	2	breakdown	breakdown	NOUN
fsr-3281	243	3	between	between	ADP
fsr-3281	243	4	natural	natural	ADJ
fsr-3281	243	5	and	and	CCONJ
fsr-3281	243	6	manmade	manmade	NOUN
fsr-3281	243	7	disasters	disaster	NOUN
fsr-3281	243	8	was	be	AUX
fsr-3281	243	9	consistent	consistent	ADJ
fsr-3281	243	10	over	over	ADP
fsr-3281	243	11	the	the	DET
fsr-3281	243	12	last	last	ADJ
fsr-3281	243	13	five	five	NUM
fsr-3281	243	14	years	year	NOUN
fsr-3281	243	15	.	.	PUNCT
fsr-3281	244	1	although	although	SCONJ
fsr-3281	244	2	the	the	DET
fsr-3281	244	3	number	number	NOUN
fsr-3281	244	4	of	of	ADP
fsr-3281	244	5	victims	victim	NOUN
fsr-3281	244	6	over	over	ADP
fsr-3281	244	7	this	this	DET
fsr-3281	244	8	same	same	ADJ
fsr-3281	244	9	five	five	NUM
fsr-3281	244	10	year	year	NOUN
fsr-3281	244	11	period	period	NOUN
fsr-3281	244	12	averaged	average	VERB
fsr-3281	244	13	78,000	78,000	NUM
fsr-3281	244	14	,	,	PUNCT
fsr-3281	244	15	this	this	DET
fsr-3281	244	16	average	average	NOUN
fsr-3281	244	17	was	be	AUX
fsr-3281	244	18	highly	highly	ADV
fsr-3281	244	19	skewed	skewed	ADJ
fsr-3281	244	20	by	by	ADP
fsr-3281	244	21	one	one	NUM
fsr-3281	244	22	event	event	NOUN
fsr-3281	244	23	in	in	ADP
fsr-3281	244	24	2010	2010	NUM
fsr-3281	244	25	.	.	PUNCT
fsr-3281	245	1	during	during	ADP
fsr-3281	245	2	that	that	DET
fsr-3281	245	3	year	year	NOUN
fsr-3281	245	4	,	,	PUNCT
fsr-3281	245	5	the	the	DET
fsr-3281	245	6	7.0	7.0	NUM
fsr-3281	245	7	earthquake	earthquake	NOUN
fsr-3281	245	8	in	in	ADP
fsr-3281	245	9	haiti	haiti	PROPN
fsr-3281	245	10	accounted	account	VERB
fsr-3281	245	11	for	for	ADP
fsr-3281	245	12	222,570	222,570	NUM
fsr-3281	245	13	deaths	death	NOUN
fsr-3281	245	14	,	,	PUNCT
fsr-3281	245	15	which	which	PRON
fsr-3281	245	16	is	be	AUX
fsr-3281	245	17	more	more	ADJ
fsr-3281	245	18	than	than	ADP
fsr-3281	245	19	the	the	DET
fsr-3281	245	20	total	total	NOUN
fsr-3281	245	21	from	from	ADP
fsr-3281	245	22	the	the	DET
fsr-3281	245	23	next	next	ADJ
fsr-3281	245	24	four	four	NUM
fsr-3281	245	25	years	year	NOUN
fsr-3281	245	26	combined	combine	VERB
fsr-3281	245	27	.	.	PUNCT
fsr-3281	246	1	the	the	DET
fsr-3281	246	2	haiti	haiti	PROPN
fsr-3281	246	3	earthquake	earthquake	NOUN
fsr-3281	246	4	also	also	ADV
fsr-3281	246	5	accounted	account	VERB
fsr-3281	246	6	for	for	ADP
fsr-3281	246	7	over	over	ADP
fsr-3281	246	8	300,000	300,000	NUM
fsr-3281	246	9	injured	injure	VERB
fsr-3281	246	10	and	and	CCONJ
fsr-3281	246	11	1,200,000	1,200,000	NUM
fsr-3281	246	12	homeless	homeless	ADJ
fsr-3281	246	13	individuals	individual	NOUN
fsr-3281	246	14	.	.	PUNCT
fsr-3281	247	1	although	although	SCONJ
fsr-3281	247	2	the	the	DET
fsr-3281	247	3	insured	insure	VERB
fsr-3281	247	4	losses	loss	NOUN
fsr-3281	247	5	totaled	total	VERB
fsr-3281	247	6	$	$	SYM
fsr-3281	247	7	100	100	NUM
fsr-3281	247	8	million	million	NUM
fsr-3281	247	9	,	,	PUNCT
fsr-3281	247	10	this	this	PRON
fsr-3281	247	11	was	be	AUX
fsr-3281	247	12	a	a	DET
fsr-3281	247	13	minuscule	minuscule	ADJ
fsr-3281	247	14	amount	amount	NOUN
fsr-3281	247	15	compared	compare	VERB
fsr-3281	247	16	with	with	ADP
fsr-3281	247	17	the	the	DET
fsr-3281	247	18	total	total	ADJ
fsr-3281	247	19	damage	damage	NOUN
fsr-3281	247	20	of	of	ADP
fsr-3281	247	21	over	over	ADP
fsr-3281	247	22	$	$	SYM
fsr-3281	247	23	10	10	NUM
fsr-3281	247	24	billion	billion	NUM
fsr-3281	247	25	.	.	PUNCT
fsr-3281	248	1	the	the	DET
fsr-3281	248	2	bottom	bottom	ADJ
fsr-3281	248	3	half	half	NOUN
fsr-3281	248	4	of	of	ADP
fsr-3281	248	5	table	table	NOUN
fsr-3281	248	6	3	3	NUM
fsr-3281	248	7	focuses	focus	VERB
fsr-3281	248	8	on	on	ADP
fsr-3281	248	9	the	the	DET
fsr-3281	248	10	financial	financial	ADJ
fsr-3281	248	11	losses	loss	NOUN
fsr-3281	248	12	over	over	ADP
fsr-3281	248	13	this	this	DET
fsr-3281	248	14	same	same	ADJ
fsr-3281	248	15	five	five	NUM
fsr-3281	248	16	year	year	NOUN
fsr-3281	248	17	period	period	NOUN
fsr-3281	248	18	(	(	PUNCT
fsr-3281	248	19	2010–2014	2010–2014	NUM
fsr-3281	248	20	)	)	PUNCT
fsr-3281	248	21	.	.	PUNCT
fsr-3281	249	1	the	the	DET
fsr-3281	249	2	average	average	ADJ
fsr-3281	249	3	annual	annual	ADJ
fsr-3281	249	4	loss	loss	NOUN
fsr-3281	249	5	was	be	AUX
fsr-3281	249	6	$	$	SYM
fsr-3281	249	7	204,000	204,000	NUM
fsr-3281	249	8	million	million	NUM
fsr-3281	249	9	with	with	ADP
fsr-3281	249	10	approximately	approximately	ADV
fsr-3281	249	11	30	30	NUM
fsr-3281	249	12	%	%	NOUN
fsr-3281	249	13	of	of	ADP
fsr-3281	249	14	the	the	DET
fsr-3281	249	15	314	314	NUM
fsr-3281	249	16	r.j	r.j	PROPN
fsr-3281	249	17	.	.	PROPN
fsr-3281	249	18	kish	kish	PROPN
fsr-3281	249	19	/	/	SYM
fsr-3281	249	20	financial	financial	ADJ
fsr-3281	249	21	services	service	NOUN
fsr-3281	249	22	review	review	VERB
fsr-3281	249	23	25	25	NUM
fsr-3281	249	24	(	(	PUNCT
fsr-3281	249	25	2016	2016	NUM
fsr-3281	249	26	)	)	PUNCT
fsr-3281	250	1	303–329	303–329	NUM
fsr-3281	250	2	total	total	ADJ
fsr-3281	250	3	insured	insure	VERB
fsr-3281	250	4	losses	loss	NOUN
fsr-3281	250	5	.	.	PUNCT
fsr-3281	251	1	the	the	DET
fsr-3281	251	2	proportion	proportion	NOUN
fsr-3281	251	3	of	of	ADP
fsr-3281	251	4	these	these	DET
fsr-3281	251	5	insured	insure	VERB
fsr-3281	251	6	losses	loss	NOUN
fsr-3281	251	7	from	from	ADP
fsr-3281	251	8	natural	natural	ADJ
fsr-3281	251	9	versus	versus	X
fsr-3281	251	10	man	man	NOUN
fsr-3281	251	11	-	-	PUNCT
fsr-3281	251	12	made	make	VERB
fsr-3281	251	13	disasters	disaster	NOUN
fsr-3281	251	14	was	be	AUX
fsr-3281	251	15	9	9	NUM
fsr-3281	251	16	to	to	PART
fsr-3281	251	17	1	1	NUM
fsr-3281	251	18	.	.	PUNCT
fsr-3281	251	19	4.3	4.3	NUM
fsr-3281	251	20	.	.	PUNCT
fsr-3281	252	1	the	the	DET
fsr-3281	252	2	florida	florida	PROPN
fsr-3281	252	3	impetus	impetus	NOUN
fsr-3281	252	4	as	as	SCONJ
fsr-3281	252	5	the	the	DET
fsr-3281	252	6	financial	financial	ADJ
fsr-3281	252	7	markets	market	NOUN
fsr-3281	252	8	have	have	AUX
fsr-3281	252	9	become	become	VERB
fsr-3281	252	10	more	more	ADV
fsr-3281	252	11	heavily	heavily	ADV
fsr-3281	252	12	regulated	regulate	VERB
fsr-3281	252	13	,	,	PUNCT
fsr-3281	252	14	reserve	reserve	NOUN
fsr-3281	252	15	capital	capital	NOUN
fsr-3281	252	16	requirements	requirement	NOUN
fsr-3281	252	17	have	have	AUX
fsr-3281	252	18	increased	increase	VERB
fsr-3281	252	19	.	.	PUNCT
fsr-3281	253	1	this	this	PRON
fsr-3281	253	2	is	be	AUX
fsr-3281	253	3	one	one	NUM
fsr-3281	253	4	of	of	ADP
fsr-3281	253	5	the	the	DET
fsr-3281	253	6	reasons	reason	NOUN
fsr-3281	253	7	insurance	insurance	NOUN
fsr-3281	253	8	firms	firm	NOUN
fsr-3281	253	9	have	have	AUX
fsr-3281	253	10	been	be	AUX
fsr-3281	253	11	forced	force	VERB
fsr-3281	253	12	to	to	PART
fsr-3281	253	13	offset	offset	VERB
fsr-3281	253	14	part	part	NOUN
fsr-3281	253	15	of	of	ADP
fsr-3281	253	16	their	their	PRON
fsr-3281	253	17	risks	risk	NOUN
fsr-3281	253	18	onto	onto	ADP
fsr-3281	253	19	the	the	DET
fsr-3281	253	20	financial	financial	ADJ
fsr-3281	253	21	markets	market	NOUN
fsr-3281	253	22	.	.	PUNCT
fsr-3281	254	1	an	an	DET
fsr-3281	254	2	additional	additional	ADJ
fsr-3281	254	3	reason	reason	NOUN
fsr-3281	254	4	for	for	ADP
fsr-3281	254	5	reinsurance	reinsurance	NOUN
fsr-3281	254	6	and	and	CCONJ
fsr-3281	254	7	the	the	DET
fsr-3281	254	8	assorted	assorted	ADJ
fsr-3281	254	9	financial	financial	ADJ
fsr-3281	254	10	instruments	instrument	NOUN
fsr-3281	254	11	they	they	PRON
fsr-3281	254	12	have	have	AUX
fsr-3281	254	13	sprouted	sprout	VERB
fsr-3281	254	14	flow	flow	NOUN
fsr-3281	254	15	from	from	ADP
fsr-3281	254	16	the	the	DET
fsr-3281	254	17	desire	desire	NOUN
fsr-3281	254	18	of	of	ADP
fsr-3281	254	19	insurance	insurance	NOUN
fsr-3281	254	20	firms	firm	NOUN
fsr-3281	254	21	to	to	PART
fsr-3281	254	22	stay	stay	VERB
fsr-3281	254	23	solvent	solvent	NOUN
fsr-3281	254	24	.	.	PUNCT
fsr-3281	255	1	an	an	DET
fsr-3281	255	2	illustration	illustration	NOUN
fsr-3281	255	3	of	of	ADP
fsr-3281	255	4	a	a	DET
fsr-3281	255	5	key	key	ADJ
fsr-3281	255	6	driver	driver	NOUN
fsr-3281	255	7	within	within	ADP
fsr-3281	255	8	the	the	DET
fsr-3281	255	9	reinsurance	reinsurance	NOUN
fsr-3281	255	10	market	market	NOUN
fsr-3281	255	11	was	be	AUX
fsr-3281	255	12	the	the	DET
fsr-3281	255	13	reaction	reaction	NOUN
fsr-3281	255	14	of	of	ADP
fsr-3281	255	15	the	the	DET
fsr-3281	255	16	state	state	NOUN
fsr-3281	255	17	of	of	ADP
fsr-3281	255	18	florida	florida	PROPN
fsr-3281	255	19	to	to	ADP
fsr-3281	255	20	the	the	DET
fsr-3281	255	21	financial	financial	ADJ
fsr-3281	255	22	crisis	crisis	NOUN
fsr-3281	255	23	caused	cause	VERB
fsr-3281	255	24	by	by	ADP
fsr-3281	255	25	hurricane	hurricane	PROPN
fsr-3281	255	26	andrew	andrew	PROPN
fsr-3281	255	27	in	in	ADP
fsr-3281	255	28	1992	1992	NUM
fsr-3281	255	29	.	.	PUNCT
fsr-3281	256	1	after	after	SCONJ
fsr-3281	256	2	hurricane	hurricane	PROPN
fsr-3281	256	3	andrew	andrew	PROPN
fsr-3281	256	4	caused	cause	VERB
fsr-3281	256	5	unprecedented	unprecedented	ADJ
fsr-3281	256	6	damage	damage	NOUN
fsr-3281	256	7	(	(	PUNCT
fsr-3281	256	8	over	over	ADP
fsr-3281	256	9	$	$	SYM
fsr-3281	256	10	16	16	NUM
fsr-3281	256	11	billion	billion	NUM
fsr-3281	256	12	of	of	ADP
fsr-3281	256	13	insured	insure	VERB
fsr-3281	256	14	losses	loss	NOUN
fsr-3281	256	15	)	)	PUNCT
fsr-3281	256	16	in	in	ADP
fsr-3281	256	17	florida	florida	PROPN
fsr-3281	256	18	,	,	PUNCT
fsr-3281	256	19	the	the	DET
fsr-3281	256	20	insurance	insurance	NOUN
fsr-3281	256	21	industry	industry	NOUN
fsr-3281	256	22	was	be	AUX
fsr-3281	256	23	in	in	ADP
fsr-3281	256	24	a	a	DET
fsr-3281	256	25	crisis	crisis	NOUN
fsr-3281	256	26	.	.	PUNCT
fsr-3281	257	1	seven	seven	NUM
fsr-3281	257	2	florida	florida	PROPN
fsr-3281	257	3	based	base	VERB
fsr-3281	257	4	companies	company	NOUN
fsr-3281	257	5	and	and	CCONJ
fsr-3281	257	6	one	one	NUM
fsr-3281	257	7	national	national	ADJ
fsr-3281	257	8	firm	firm	NOUN
fsr-3281	257	9	became	become	VERB
fsr-3281	257	10	insolvent	insolvent	ADJ
fsr-3281	257	11	as	as	SCONJ
fsr-3281	257	12	several	several	ADJ
fsr-3281	257	13	others	other	NOUN
fsr-3281	257	14	become	become	VERB
fsr-3281	257	15	“	"	PUNCT
fsr-3281	257	16	technically	technically	ADV
fsr-3281	257	17	insolvent	insolvent	ADJ
fsr-3281	257	18	.	.	PUNCT
fsr-3281	257	19	”	"	PUNCT
fsr-3281	258	1	because	because	SCONJ
fsr-3281	258	2	of	of	ADP
fsr-3281	258	3	the	the	DET
fsr-3281	258	4	extent	extent	NOUN
fsr-3281	258	5	of	of	ADP
fsr-3281	258	6	damages	damage	NOUN
fsr-3281	258	7	from	from	ADP
fsr-3281	258	8	this	this	DET
fsr-3281	258	9	storm	storm	NOUN
fsr-3281	258	10	,	,	PUNCT
fsr-3281	258	11	many	many	ADJ
fsr-3281	258	12	of	of	ADP
fsr-3281	258	13	the	the	DET
fsr-3281	258	14	firms	firm	NOUN
fsr-3281	258	15	were	be	AUX
fsr-3281	258	16	threatening	threaten	VERB
fsr-3281	258	17	to	to	PART
fsr-3281	258	18	withdraw	withdraw	VERB
fsr-3281	258	19	from	from	ADP
fsr-3281	258	20	the	the	DET
fsr-3281	258	21	florida	florida	PROPN
fsr-3281	258	22	market	market	NOUN
fsr-3281	258	23	.	.	PUNCT
fsr-3281	259	1	in	in	ADP
fsr-3281	259	2	1992	1992	NUM
fsr-3281	259	3	,	,	PUNCT
fsr-3281	259	4	the	the	DET
fsr-3281	259	5	florida	florida	PROPN
fsr-3281	259	6	department	department	PROPN
fsr-3281	259	7	of	of	ADP
fsr-3281	259	8	insurance	insurance	PROPN
fsr-3281	259	9	enacted	enact	VERB
fsr-3281	259	10	two	two	NUM
fsr-3281	259	11	emergency	emergency	NOUN
fsr-3281	259	12	rules	rule	NOUN
fsr-3281	259	13	(	(	PUNCT
fsr-3281	259	14	4er92–11	4er92–11	PROPN
fsr-3281	259	15	and	and	CCONJ
fsr-3281	259	16	4er92–15	4er92–15	NUM
fsr-3281	259	17	)	)	PUNCT
fsr-3281	259	18	.	.	PUNCT
fsr-3281	260	1	the	the	DET
fsr-3281	260	2	first	first	ADJ
fsr-3281	260	3	rule	rule	NOUN
fsr-3281	260	4	limited	limit	VERB
fsr-3281	260	5	the	the	DET
fsr-3281	260	6	ability	ability	NOUN
fsr-3281	260	7	of	of	ADP
fsr-3281	260	8	insurance	insurance	NOUN
fsr-3281	260	9	firms	firm	NOUN
fsr-3281	260	10	to	to	PART
fsr-3281	260	11	abandon	abandon	VERB
fsr-3281	260	12	the	the	DET
fsr-3281	260	13	high	high	ADJ
fsr-3281	260	14	-	-	PUNCT
fsr-3281	260	15	risk	risk	NOUN
fsr-3281	260	16	areas	area	NOUN
fsr-3281	260	17	of	of	ADP
fsr-3281	260	18	the	the	DET
fsr-3281	260	19	florida	florida	PROPN
fsr-3281	260	20	market	market	NOUN
fsr-3281	260	21	.	.	PUNCT
fsr-3281	261	1	the	the	DET
fsr-3281	261	2	rule	rule	NOUN
fsr-3281	261	3	placed	place	VERB
fsr-3281	261	4	a	a	DET
fsr-3281	261	5	90	90	NUM
fsr-3281	261	6	day	day	NOUN
fsr-3281	261	7	moratorium	moratorium	NOUN
fsr-3281	261	8	on	on	ADP
fsr-3281	261	9	all	all	DET
fsr-3281	261	10	firms	firm	NOUN
fsr-3281	261	11	wishing	wish	VERB
fsr-3281	261	12	to	to	PART
fsr-3281	261	13	withdraw	withdraw	VERB
fsr-3281	261	14	.	.	PUNCT
fsr-3281	262	1	during	during	ADP
fsr-3281	262	2	this	this	DET
fsr-3281	262	3	time	time	NOUN
fsr-3281	262	4	a	a	DET
fsr-3281	262	5	firm	firm	NOUN
fsr-3281	262	6	wishing	wish	VERB
fsr-3281	262	7	to	to	PART
fsr-3281	262	8	withdraw	withdraw	VERB
fsr-3281	262	9	from	from	ADP
fsr-3281	262	10	the	the	DET
fsr-3281	262	11	florida	florida	PROPN
fsr-3281	262	12	market	market	NOUN
fsr-3281	262	13	had	have	VERB
fsr-3281	262	14	to	to	PART
fsr-3281	262	15	file	file	VERB
fsr-3281	262	16	a	a	DET
fsr-3281	262	17	written	write	VERB
fsr-3281	262	18	statement	statement	NOUN
fsr-3281	262	19	of	of	ADP
fsr-3281	262	20	intent	intent	NOUN
fsr-3281	262	21	including	include	VERB
fsr-3281	262	22	details	detail	NOUN
fsr-3281	262	23	for	for	ADP
fsr-3281	262	24	the	the	DET
fsr-3281	262	25	withdrawal	withdrawal	NOUN
fsr-3281	262	26	and	and	CCONJ
fsr-3281	262	27	any	any	DET
fsr-3281	262	28	projected	project	VERB
fsr-3281	262	29	effects	effect	NOUN
fsr-3281	262	30	it	it	PRON
fsr-3281	262	31	would	would	AUX
fsr-3281	262	32	have	have	VERB
fsr-3281	262	33	on	on	ADP
fsr-3281	262	34	the	the	DET
fsr-3281	262	35	market	market	NOUN
fsr-3281	262	36	.	.	PUNCT
fsr-3281	263	1	it	it	PRON
fsr-3281	263	2	also	also	ADV
fsr-3281	263	3	limited	limit	VERB
fsr-3281	263	4	the	the	DET
fsr-3281	263	5	firm	firm	NOUN
fsr-3281	263	6	to	to	ADP
fsr-3281	263	7	withdrawing	withdraw	VERB
fsr-3281	263	8	only	only	ADV
fsr-3281	263	9	5	5	NUM
fsr-3281	263	10	%	%	NOUN
fsr-3281	263	11	of	of	ADP
fsr-3281	263	12	their	their	PRON
fsr-3281	263	13	policies	policy	NOUN
fsr-3281	263	14	per	per	ADP
fsr-3281	263	15	year	year	NOUN
fsr-3281	263	16	.	.	PUNCT
fsr-3281	264	1	this	this	DET
fsr-3281	264	2	rule	rule	NOUN
fsr-3281	264	3	was	be	AUX
fsr-3281	264	4	originally	originally	ADV
fsr-3281	264	5	to	to	PART
fsr-3281	264	6	last	last	VERB
fsr-3281	264	7	only	only	ADV
fsr-3281	264	8	6	6	NUM
fsr-3281	264	9	months	month	NOUN
fsr-3281	264	10	,	,	PUNCT
fsr-3281	264	11	but	but	CCONJ
fsr-3281	264	12	was	be	AUX
fsr-3281	264	13	extended	extend	VERB
fsr-3281	264	14	for	for	ADP
fsr-3281	264	15	an	an	DET
fsr-3281	264	16	additional	additional	ADJ
fsr-3281	264	17	three	three	NUM
fsr-3281	264	18	years.14	years.14	NOUN
fsr-3281	264	19	the	the	DET
fsr-3281	264	20	second	second	ADJ
fsr-3281	264	21	rule	rule	NOUN
fsr-3281	264	22	established	establish	VERB
fsr-3281	264	23	the	the	DET
fsr-3281	264	24	florida	florida	PROPN
fsr-3281	264	25	property	property	NOUN
fsr-3281	264	26	and	and	CCONJ
fsr-3281	264	27	casualty	casualty	NOUN
fsr-3281	264	28	joint	joint	ADJ
fsr-3281	264	29	underwriting	underwriting	NOUN
fsr-3281	264	30	association	association	NOUN
fsr-3281	264	31	(	(	PUNCT
fsr-3281	264	32	fpcjua	fpcjua	PROPN
fsr-3281	264	33	)	)	PUNCT
fsr-3281	264	34	to	to	PART
fsr-3281	264	35	make	make	VERB
fsr-3281	264	36	sure	sure	ADJ
fsr-3281	264	37	that	that	SCONJ
fsr-3281	264	38	insurance	insurance	NOUN
fsr-3281	264	39	coverage	coverage	NOUN
fsr-3281	264	40	would	would	AUX
fsr-3281	264	41	be	be	AUX
fsr-3281	264	42	available	available	ADJ
fsr-3281	264	43	to	to	ADP
fsr-3281	264	44	all	all	PRON
fsr-3281	264	45	.	.	PUNCT
fsr-3281	265	1	this	this	PRON
fsr-3281	265	2	was	be	AUX
fsr-3281	265	3	combined	combine	VERB
fsr-3281	265	4	with	with	ADP
fsr-3281	265	5	the	the	DET
fsr-3281	265	6	florida	florida	PROPN
fsr-3281	265	7	windstorm	windstorm	PROPN
fsr-3281	265	8	underwriting	underwriting	PROPN
fsr-3281	265	9	association	association	PROPN
fsr-3281	265	10	(	(	PUNCT
fsr-3281	265	11	fwua	fwua	PROPN
fsr-3281	265	12	)	)	PUNCT
fsr-3281	265	13	,	,	PUNCT
fsr-3281	265	14	which	which	PRON
fsr-3281	265	15	insured	insure	VERB
fsr-3281	265	16	beach	beach	NOUN
fsr-3281	265	17	-	-	PUNCT
fsr-3281	265	18	front	front	NOUN
fsr-3281	265	19	properties	property	NOUN
fsr-3281	265	20	,	,	PUNCT
fsr-3281	265	21	together	together	ADV
fsr-3281	265	22	to	to	PART
fsr-3281	265	23	form	form	VERB
fsr-3281	265	24	citizens	citizen	NOUN
fsr-3281	265	25	property	property	NOUN
fsr-3281	265	26	insurance	insurance	NOUN
fsr-3281	265	27	corporation	corporation	NOUN
fsr-3281	265	28	(	(	PUNCT
fsr-3281	265	29	cpic	cpic	NOUN
fsr-3281	265	30	)	)	PUNCT
fsr-3281	265	31	in	in	ADP
fsr-3281	265	32	2012	2012	NUM
fsr-3281	265	33	.	.	PUNCT
fsr-3281	266	1	this	this	DET
fsr-3281	266	2	new	new	ADJ
fsr-3281	266	3	entity	entity	NOUN
fsr-3281	266	4	is	be	AUX
fsr-3281	266	5	the	the	DET
fsr-3281	266	6	largest	large	ADJ
fsr-3281	266	7	insurer	insurer	NOUN
fsr-3281	266	8	for	for	ADP
fsr-3281	266	9	hurricane	hurricane	NOUN
fsr-3281	266	10	disasters	disaster	NOUN
fsr-3281	266	11	in	in	ADP
fsr-3281	266	12	the	the	DET
fsr-3281	266	13	florida	florida	PROPN
fsr-3281	266	14	market	market	NOUN
fsr-3281	266	15	.	.	PUNCT
fsr-3281	267	1	in	in	ADP
fsr-3281	267	2	2012	2012	NUM
fsr-3281	267	3	,	,	PUNCT
fsr-3281	267	4	cpic	cpic	NOUN
fsr-3281	267	5	sponsored	sponsor	VERB
fsr-3281	267	6	the	the	DET
fsr-3281	267	7	secondlargest	secondlarg	ADJ
fsr-3281	267	8	transaction	transaction	NOUN
fsr-3281	267	9	in	in	ADP
fsr-3281	267	10	the	the	DET
fsr-3281	267	11	market	market	NOUN
fsr-3281	267	12	’s	’s	PART
fsr-3281	267	13	history	history	NOUN
fsr-3281	267	14	by	by	ADP
fsr-3281	267	15	floating	float	VERB
fsr-3281	267	16	$	$	SYM
fsr-3281	267	17	750	750	NUM
fsr-3281	267	18	million	million	NUM
fsr-3281	267	19	in	in	ADP
fsr-3281	267	20	cat	cat	NOUN
fsr-3281	267	21	bonds.15	bonds.15	PROPN
fsr-3281	267	22	florida	florida	PROPN
fsr-3281	267	23	created	create	VERB
fsr-3281	267	24	the	the	DET
fsr-3281	267	25	florida	florida	PROPN
fsr-3281	267	26	hurricane	hurricane	PROPN
fsr-3281	267	27	catastrophe	catastrophe	NOUN
fsr-3281	267	28	fund	fund	PROPN
fsr-3281	267	29	(	(	PUNCT
fsr-3281	267	30	fhcf	fhcf	PROPN
fsr-3281	267	31	)	)	PUNCT
fsr-3281	267	32	in	in	ADP
fsr-3281	267	33	1993	1993	NUM
fsr-3281	267	34	to	to	PART
fsr-3281	267	35	provide	provide	VERB
fsr-3281	267	36	additional	additional	ADJ
fsr-3281	267	37	reinsurance	reinsurance	NOUN
fsr-3281	267	38	capacity	capacity	NOUN
fsr-3281	267	39	following	follow	VERB
fsr-3281	267	40	hurricane	hurricane	PROPN
fsr-3281	267	41	andrew	andrew	PROPN
fsr-3281	267	42	.	.	PUNCT
fsr-3281	268	1	this	this	PRON
fsr-3281	268	2	is	be	AUX
fsr-3281	268	3	a	a	DET
fsr-3281	268	4	state	state	NOUN
fsr-3281	268	5	government	government	NOUN
fsr-3281	268	6	trust	trust	NOUN
fsr-3281	268	7	fund	fund	PROPN
fsr-3281	268	8	,	,	PUNCT
fsr-3281	268	9	exempt	exempt	ADJ
fsr-3281	268	10	from	from	ADP
fsr-3281	268	11	federal	federal	ADJ
fsr-3281	268	12	taxes	taxis	NOUN
fsr-3281	268	13	,	,	PUNCT
fsr-3281	268	14	which	which	PRON
fsr-3281	268	15	requires	require	VERB
fsr-3281	268	16	all	all	DET
fsr-3281	268	17	insurers	insurer	NOUN
fsr-3281	268	18	(	(	PUNCT
fsr-3281	268	19	residential	residential	ADJ
fsr-3281	268	20	and	and	CCONJ
fsr-3281	268	21	commercial	commercial	ADJ
fsr-3281	268	22	)	)	PUNCT
fsr-3281	268	23	operating	operate	VERB
fsr-3281	268	24	within	within	ADP
fsr-3281	268	25	the	the	DET
fsr-3281	268	26	state	state	NOUN
fsr-3281	268	27	to	to	PART
fsr-3281	268	28	provide	provide	VERB
fsr-3281	268	29	a	a	DET
fsr-3281	268	30	cushion	cushion	NOUN
fsr-3281	268	31	against	against	ADP
fsr-3281	268	32	catastrophic	catastrophic	ADJ
fsr-3281	268	33	losses	loss	NOUN
fsr-3281	268	34	caused	cause	VERB
fsr-3281	268	35	from	from	ADP
fsr-3281	268	36	future	future	ADJ
fsr-3281	268	37	hurricanes	hurricane	NOUN
fsr-3281	268	38	.	.	PUNCT
fsr-3281	269	1	the	the	DET
fsr-3281	269	2	creation	creation	NOUN
fsr-3281	269	3	of	of	ADP
fsr-3281	269	4	new	new	ADJ
fsr-3281	269	5	laws	law	NOUN
fsr-3281	269	6	,	,	PUNCT
fsr-3281	269	7	the	the	DET
fsr-3281	269	8	cpic	cpic	NOUN
fsr-3281	269	9	,	,	PUNCT
fsr-3281	269	10	and	and	CCONJ
fsr-3281	269	11	the	the	DET
fsr-3281	269	12	fhcf	fhcf	NOUN
fsr-3281	269	13	were	be	AUX
fsr-3281	269	14	just	just	ADV
fsr-3281	269	15	part	part	NOUN
fsr-3281	269	16	of	of	ADP
fsr-3281	269	17	the	the	DET
fsr-3281	269	18	six	six	NUM
fsr-3281	269	19	key	key	ADJ
fsr-3281	269	20	changes	change	NOUN
fsr-3281	269	21	to	to	ADP
fsr-3281	269	22	the	the	DET
fsr-3281	269	23	insurance	insurance	NOUN
fsr-3281	269	24	market	market	NOUN
fsr-3281	269	25	in	in	ADP
fsr-3281	269	26	the	the	DET
fsr-3281	269	27	aftermath	aftermath	NOUN
fsr-3281	269	28	of	of	ADP
fsr-3281	269	29	hurricane	hurricane	PROPN
fsr-3281	269	30	andrew	andrew	PROPN
fsr-3281	269	31	which	which	PRON
fsr-3281	269	32	included	include	VERB
fsr-3281	269	33	:	:	PUNCT
fsr-3281	269	34	(	(	PUNCT
fsr-3281	269	35	1	1	X
fsr-3281	269	36	)	)	PUNCT
fsr-3281	269	37	more	more	ADV
fsr-3281	269	38	carefully	carefully	ADV
fsr-3281	269	39	managed	manage	VERB
fsr-3281	269	40	coastal	coastal	ADJ
fsr-3281	269	41	exposure	exposure	NOUN
fsr-3281	269	42	;	;	PUNCT
fsr-3281	269	43	(	(	PUNCT
fsr-3281	269	44	2	2	X
fsr-3281	269	45	)	)	PUNCT
fsr-3281	269	46	a	a	DET
fsr-3281	269	47	larger	large	ADJ
fsr-3281	269	48	role	role	NOUN
fsr-3281	269	49	of	of	ADP
fsr-3281	269	50	government	government	NOUN
fsr-3281	269	51	(	(	PUNCT
fsr-3281	269	52	both	both	CCONJ
fsr-3281	269	53	federal	federal	ADJ
fsr-3281	269	54	and	and	CCONJ
fsr-3281	269	55	state	state	NOUN
fsr-3281	269	56	)	)	PUNCT
fsr-3281	269	57	in	in	ADP
fsr-3281	269	58	insuring	insure	VERB
fsr-3281	269	59	risks	risk	NOUN
fsr-3281	269	60	;	;	PUNCT
fsr-3281	269	61	(	(	PUNCT
fsr-3281	269	62	3	3	X
fsr-3281	269	63	)	)	PUNCT
fsr-3281	269	64	the	the	DET
fsr-3281	269	65	introduction	introduction	NOUN
fsr-3281	269	66	of	of	ADP
fsr-3281	269	67	hurricane	hurricane	NOUN
fsr-3281	269	68	deductibles	deductible	NOUN
fsr-3281	269	69	;	;	PUNCT
fsr-3281	269	70	(	(	PUNCT
fsr-3281	269	71	4	4	X
fsr-3281	269	72	)	)	PUNCT
fsr-3281	269	73	greater	great	ADJ
fsr-3281	269	74	use	use	NOUN
fsr-3281	269	75	of	of	ADP
fsr-3281	269	76	reinsurance	reinsurance	NOUN
fsr-3281	269	77	capital	capital	NOUN
fsr-3281	269	78	from	from	ADP
fsr-3281	269	79	worldwide	worldwide	ADJ
fsr-3281	269	80	sources	source	NOUN
fsr-3281	269	81	including	include	VERB
fsr-3281	269	82	the	the	DET
fsr-3281	269	83	financial	financial	ADJ
fsr-3281	269	84	markets	market	NOUN
fsr-3281	269	85	;	;	PUNCT
fsr-3281	269	86	(	(	PUNCT
fsr-3281	269	87	5	5	X
fsr-3281	269	88	)	)	PUNCT
fsr-3281	269	89	the	the	DET
fsr-3281	269	90	expansion	expansion	NOUN
fsr-3281	269	91	and	and	CCONJ
fsr-3281	269	92	refinement	refinement	NOUN
fsr-3281	269	93	of	of	ADP
fsr-3281	269	94	sophisticated	sophisticated	ADJ
fsr-3281	269	95	catastrophic	catastrophic	ADJ
fsr-3281	269	96	modeling	modeling	NOUN
fsr-3281	269	97	;	;	PUNCT
fsr-3281	269	98	and	and	CCONJ
fsr-3281	269	99	(	(	PUNCT
fsr-3281	269	100	6	6	X
fsr-3281	269	101	)	)	PUNCT
fsr-3281	269	102	support	support	NOUN
fsr-3281	269	103	and	and	CCONJ
fsr-3281	269	104	enforcement	enforcement	NOUN
fsr-3281	269	105	of	of	ADP
fsr-3281	269	106	tougher	tough	ADJ
fsr-3281	269	107	building	building	NOUN
fsr-3281	269	108	codes.16	codes.16	PROPN
fsr-3281	269	109	the	the	DET
fsr-3281	269	110	fhcf	fhcf	PROPN
fsr-3281	269	111	has	have	AUX
fsr-3281	269	112	been	be	AUX
fsr-3281	269	113	a	a	DET
fsr-3281	269	114	success	success	NOUN
fsr-3281	269	115	in	in	ADP
fsr-3281	269	116	ensuring	ensure	VERB
fsr-3281	269	117	the	the	DET
fsr-3281	269	118	solvency	solvency	NOUN
fsr-3281	269	119	of	of	ADP
fsr-3281	269	120	insurance	insurance	NOUN
fsr-3281	269	121	firms	firm	NOUN
fsr-3281	269	122	operating	operate	VERB
fsr-3281	269	123	within	within	ADP
fsr-3281	269	124	florida	florida	PROPN
fsr-3281	269	125	as	as	SCONJ
fsr-3281	269	126	evidenced	evidence	VERB
fsr-3281	269	127	by	by	ADP
fsr-3281	269	128	the	the	DET
fsr-3281	269	129	florida	florida	PROPN
fsr-3281	269	130	office	office	PROPN
fsr-3281	269	131	of	of	ADP
fsr-3281	269	132	insurance	insurance	NOUN
fsr-3281	269	133	regulation	regulation	NOUN
fsr-3281	269	134	terminating	terminate	VERB
fsr-3281	269	135	the	the	DET
fsr-3281	269	136	1.3	1.3	NUM
fsr-3281	269	137	%	%	NOUN
fsr-3281	269	138	assessment	assessment	NOUN
fsr-3281	269	139	on	on	ADP
fsr-3281	269	140	most	most	ADJ
fsr-3281	269	141	property	property	NOUN
fsr-3281	269	142	insurance	insurance	NOUN
fsr-3281	269	143	policies	policy	NOUN
fsr-3281	269	144	18	18	NUM
fsr-3281	269	145	months	month	NOUN
fsr-3281	269	146	ahead	ahead	ADV
fsr-3281	269	147	of	of	ADP
fsr-3281	269	148	schedule	schedule	NOUN
fsr-3281	269	149	on	on	ADP
fsr-3281	269	150	july	july	PROPN
fsr-3281	269	151	22	22	NUM
fsr-3281	269	152	,	,	PUNCT
fsr-3281	269	153	2014.17	2014.17	NUM
fsr-3281	269	154	further	further	ADJ
fsr-3281	269	155	support	support	NOUN
fsr-3281	269	156	is	be	AUX
fsr-3281	269	157	offered	offer	VERB
fsr-3281	269	158	in	in	ADP
fsr-3281	269	159	the	the	DET
fsr-3281	269	160	annual	annual	ADJ
fsr-3281	269	161	“	"	PUNCT
fsr-3281	269	162	report	report	NOUN
fsr-3281	269	163	prepared	prepare	VERB
fsr-3281	269	164	for	for	ADP
fsr-3281	269	165	the	the	DET
fsr-3281	269	166	florida	florida	PROPN
fsr-3281	269	167	hurricane	hurricane	PROPN
fsr-3281	269	168	315r.j	315r.j	NUM
fsr-3281	269	169	.	.	PUNCT
fsr-3281	270	1	kish	kish	PROPN
fsr-3281	270	2	/	/	SYM
fsr-3281	270	3	financial	financial	ADJ
fsr-3281	270	4	services	service	NOUN
fsr-3281	270	5	review	review	VERB
fsr-3281	270	6	25	25	NUM
fsr-3281	270	7	(	(	PUNCT
fsr-3281	270	8	2016	2016	NUM
fsr-3281	270	9	)	)	PUNCT
fsr-3281	270	10	303–329	303–329	NUM
fsr-3281	270	11	catastrophe	catastrophe	NOUN
fsr-3281	270	12	fund	fund	NOUN
fsr-3281	270	13	(	(	PUNCT
fsr-3281	270	14	fhcf	fhcf	PROPN
fsr-3281	270	15	):	):	PUNCT
fsr-3281	270	16	claims	claim	NOUN
fsr-3281	270	17	-	-	PUNCT
fsr-3281	270	18	paying	pay	VERB
fsr-3281	270	19	capacity	capacity	NOUN
fsr-3281	270	20	estimates	estimate	NOUN
fsr-3281	270	21	,	,	PUNCT
fsr-3281	270	22	”	"	PUNCT
fsr-3281	270	23	which	which	PRON
fsr-3281	270	24	forecasts	forecast	VERB
fsr-3281	270	25	florida	florida	PROPN
fsr-3281	270	26	’s	’s	PART
fsr-3281	270	27	ability	ability	NOUN
fsr-3281	270	28	to	to	PART
fsr-3281	270	29	weather	weather	VERB
fsr-3281	270	30	future	future	ADJ
fsr-3281	270	31	hurricanes	hurricane	NOUN
fsr-3281	270	32	very	very	ADV
fsr-3281	270	33	positively.18	positively.18	VERB
fsr-3281	270	34	key	key	ADJ
fsr-3281	270	35	factors	factor	NOUN
fsr-3281	270	36	leading	lead	VERB
fsr-3281	270	37	to	to	ADP
fsr-3281	270	38	this	this	DET
fsr-3281	270	39	conclusion	conclusion	NOUN
fsr-3281	270	40	include	include	VERB
fsr-3281	270	41	:	:	PUNCT
fsr-3281	270	42	(	(	PUNCT
fsr-3281	270	43	1	1	X
fsr-3281	270	44	)	)	PUNCT
fsr-3281	270	45	the	the	DET
fsr-3281	270	46	requirement	requirement	NOUN
fsr-3281	270	47	of	of	ADP
fsr-3281	270	48	all	all	DET
fsr-3281	270	49	insurers	insurer	NOUN
fsr-3281	270	50	within	within	ADP
fsr-3281	270	51	the	the	DET
fsr-3281	270	52	state	state	NOUN
fsr-3281	270	53	to	to	PART
fsr-3281	270	54	contribute	contribute	VERB
fsr-3281	270	55	to	to	ADP
fsr-3281	270	56	fhcf	fhcf	PROPN
fsr-3281	270	57	;	;	PUNCT
fsr-3281	270	58	(	(	PUNCT
fsr-3281	270	59	2	2	X
fsr-3281	270	60	)	)	PUNCT
fsr-3281	270	61	forecasts	forecast	NOUN
fsr-3281	270	62	of	of	ADP
fsr-3281	270	63	50	50	NUM
fsr-3281	270	64	,	,	PUNCT
fsr-3281	270	65	100	100	NUM
fsr-3281	270	66	,	,	PUNCT
fsr-3281	270	67	and	and	CCONJ
fsr-3281	270	68	250	250	NUM
fsr-3281	270	69	years	year	NOUN
fsr-3281	270	70	to	to	PART
fsr-3281	270	71	capture	capture	VERB
fsr-3281	270	72	one	one	NUM
fsr-3281	270	73	in	in	ADP
fsr-3281	270	74	a	a	DET
fsr-3281	270	75	lifetime	lifetime	NOUN
fsr-3281	270	76	events	event	NOUN
fsr-3281	270	77	;	;	PUNCT
fsr-3281	270	78	(	(	PUNCT
fsr-3281	270	79	3	3	X
fsr-3281	270	80	)	)	PUNCT
fsr-3281	270	81	strong	strong	ADJ
fsr-3281	270	82	debt	debt	NOUN
fsr-3281	270	83	ratings	rating	NOUN
fsr-3281	270	84	(	(	PUNCT
fsr-3281	270	85	aa	aa	NOUN
fsr-3281	270	86	by	by	ADP
fsr-3281	270	87	all	all	DET
fsr-3281	270	88	three	three	NUM
fsr-3281	270	89	rating	rating	NOUN
fsr-3281	270	90	agencies	agency	NOUN
fsr-3281	270	91	—	—	PUNCT
fsr-3281	270	92	moody	moody	PROPN
fsr-3281	270	93	’s	’s	NOUN
fsr-3281	270	94	,	,	PUNCT
fsr-3281	270	95	standard	standard	PROPN
fsr-3281	270	96	&	&	CCONJ
fsr-3281	270	97	poor	poor	PROPN
fsr-3281	270	98	’s	’s	PART
fsr-3281	270	99	,	,	PUNCT
fsr-3281	270	100	and	and	CCONJ
fsr-3281	270	101	fitch	fitch	PROPN
fsr-3281	270	102	)	)	PUNCT
fsr-3281	270	103	with	with	ADP
fsr-3281	270	104	capacity	capacity	NOUN
fsr-3281	270	105	for	for	ADP
fsr-3281	270	106	future	future	ADJ
fsr-3281	270	107	borrowings	borrowing	NOUN
fsr-3281	270	108	;	;	PUNCT
fsr-3281	270	109	(	(	PUNCT
fsr-3281	270	110	4	4	X
fsr-3281	270	111	)	)	PUNCT
fsr-3281	270	112	the	the	DET
fsr-3281	270	113	ability	ability	NOUN
fsr-3281	270	114	to	to	PART
fsr-3281	270	115	levy	levy	VERB
fsr-3281	270	116	emergency	emergency	NOUN
fsr-3281	270	117	assessments	assessment	NOUN
fsr-3281	270	118	on	on	ADP
fsr-3281	270	119	all	all	DET
fsr-3281	270	120	property	property	NOUN
fsr-3281	270	121	and	and	CCONJ
fsr-3281	270	122	casualty	casualty	NOUN
fsr-3281	270	123	insurance	insurance	NOUN
fsr-3281	270	124	lines	line	NOUN
fsr-3281	270	125	;	;	PUNCT
fsr-3281	270	126	and	and	CCONJ
fsr-3281	270	127	(	(	PUNCT
fsr-3281	270	128	5	5	X
fsr-3281	270	129	)	)	PUNCT
fsr-3281	270	130	successful	successful	ADJ
fsr-3281	270	131	entry	entry	NOUN
fsr-3281	270	132	into	into	ADP
fsr-3281	270	133	the	the	DET
fsr-3281	270	134	reinsurance	reinsurance	NOUN
fsr-3281	270	135	and	and	CCONJ
fsr-3281	270	136	financial	financial	ADJ
fsr-3281	270	137	markets	market	NOUN
fsr-3281	270	138	.	.	PUNCT
fsr-3281	271	1	5	5	X
fsr-3281	271	2	.	.	X
fsr-3281	271	3	analysis	analysis	NOUN
fsr-3281	271	4	of	of	ADP
fsr-3281	271	5	returns	return	NOUN
fsr-3281	271	6	the	the	DET
fsr-3281	271	7	reinsurance	reinsurance	NOUN
fsr-3281	271	8	market	market	NOUN
fsr-3281	271	9	was	be	AUX
fsr-3281	271	10	very	very	ADV
fsr-3281	271	11	lucrative	lucrative	ADJ
fsr-3281	271	12	from	from	ADP
fsr-3281	271	13	the	the	DET
fsr-3281	271	14	1990s	1990s	NUM
fsr-3281	271	15	through	through	ADP
fsr-3281	271	16	the	the	DET
fsr-3281	271	17	early	early	ADJ
fsr-3281	271	18	2000s	2000s	NUM
fsr-3281	271	19	.	.	PUNCT
fsr-3281	272	1	warren	warren	PROPN
fsr-3281	272	2	buffett	buffett	PROPN
fsr-3281	272	3	in	in	ADP
fsr-3281	272	4	his	his	PRON
fsr-3281	272	5	50th	50th	ADJ
fsr-3281	272	6	anniversary	anniversary	NOUN
fsr-3281	272	7	letter	letter	NOUN
fsr-3281	272	8	to	to	PART
fsr-3281	272	9	berkshire	berkshire	VERB
fsr-3281	272	10	hathaway	hathaway	NOUN
fsr-3281	272	11	investors	investor	NOUN
fsr-3281	272	12	states	state	VERB
fsr-3281	272	13	the	the	DET
fsr-3281	272	14	above	above	ADJ
fsr-3281	272	15	average	average	ADJ
fsr-3281	272	16	returns	return	NOUN
fsr-3281	272	17	the	the	DET
fsr-3281	272	18	firm	firm	NOUN
fsr-3281	272	19	was	be	AUX
fsr-3281	272	20	able	able	ADJ
fsr-3281	272	21	to	to	PART
fsr-3281	272	22	generate	generate	VERB
fsr-3281	272	23	was	be	AUX
fsr-3281	272	24	because	because	SCONJ
fsr-3281	272	25	of	of	ADP
fsr-3281	272	26	the	the	DET
fsr-3281	272	27	insurance	insurance	NOUN
fsr-3281	272	28	/	/	SYM
fsr-3281	272	29	reinsurance	reinsurance	NOUN
fsr-3281	272	30	market.19	market.19	NOUN
fsr-3281	272	31	because	because	SCONJ
fsr-3281	272	32	of	of	ADP
fsr-3281	272	33	the	the	DET
fsr-3281	272	34	firm	firm	NOUN
fsr-3281	272	35	’s	’s	PART
fsr-3281	272	36	strong	strong	ADJ
fsr-3281	272	37	capital	capital	NOUN
fsr-3281	272	38	base	base	NOUN
fsr-3281	272	39	,	,	PUNCT
fsr-3281	272	40	they	they	PRON
fsr-3281	272	41	were	be	AUX
fsr-3281	272	42	a	a	DET
fsr-3281	272	43	“	"	PUNCT
fsr-3281	272	44	go	go	VERB
fsr-3281	272	45	to	to	ADP
fsr-3281	272	46	”	"	PUNCT
fsr-3281	272	47	reinsurance	reinsurance	NOUN
fsr-3281	272	48	firm	firm	NOUN
fsr-3281	272	49	.	.	PUNCT
fsr-3281	273	1	insurance	insurance	NOUN
fsr-3281	273	2	firms	firm	NOUN
fsr-3281	273	3	participating	participate	VERB
fsr-3281	273	4	in	in	ADP
fsr-3281	273	5	reinsurance	reinsurance	NOUN
fsr-3281	273	6	with	with	ADP
fsr-3281	273	7	berkshire	berkshire	PROPN
fsr-3281	273	8	hathaway	hathaway	PROPN
fsr-3281	273	9	projected	project	VERB
fsr-3281	273	10	little	little	ADJ
fsr-3281	273	11	risk	risk	NOUN
fsr-3281	273	12	of	of	ADP
fsr-3281	273	13	failure	failure	NOUN
fsr-3281	273	14	to	to	PART
fsr-3281	273	15	pay	pay	VERB
fsr-3281	273	16	claims	claim	NOUN
fsr-3281	273	17	so	so	SCONJ
fsr-3281	273	18	it	it	PRON
fsr-3281	273	19	is	be	AUX
fsr-3281	273	20	surprising	surprising	ADJ
fsr-3281	273	21	that	that	SCONJ
fsr-3281	273	22	the	the	DET
fsr-3281	273	23	firm	firm	NOUN
fsr-3281	273	24	is	be	AUX
fsr-3281	273	25	pulling	pull	VERB
fsr-3281	273	26	back	back	ADV
fsr-3281	273	27	from	from	ADP
fsr-3281	273	28	their	their	PRON
fsr-3281	273	29	participation	participation	NOUN
fsr-3281	273	30	in	in	ADP
fsr-3281	273	31	future	future	ADJ
fsr-3281	273	32	reinsurance	reinsurance	NOUN
fsr-3281	273	33	investments	investment	NOUN
fsr-3281	273	34	.	.	PUNCT
fsr-3281	274	1	buffett	buffett	PROPN
fsr-3281	274	2	feels	feel	VERB
fsr-3281	274	3	that	that	SCONJ
fsr-3281	274	4	because	because	SCONJ
fsr-3281	274	5	of	of	ADP
fsr-3281	274	6	the	the	DET
fsr-3281	274	7	amount	amount	NOUN
fsr-3281	274	8	of	of	ADP
fsr-3281	274	9	competition	competition	NOUN
fsr-3281	274	10	from	from	ADP
fsr-3281	274	11	other	other	ADJ
fsr-3281	274	12	reinsurance	reinsurance	NOUN
fsr-3281	274	13	firms	firm	NOUN
fsr-3281	274	14	,	,	PUNCT
fsr-3281	274	15	hedge	hedge	NOUN
fsr-3281	274	16	funds	fund	NOUN
fsr-3281	274	17	,	,	PUNCT
fsr-3281	274	18	and	and	CCONJ
fsr-3281	274	19	the	the	DET
fsr-3281	274	20	financial	financial	ADJ
fsr-3281	274	21	markets	market	NOUN
fsr-3281	274	22	,	,	PUNCT
fsr-3281	274	23	the	the	DET
fsr-3281	274	24	expected	expect	VERB
fsr-3281	274	25	returns	return	NOUN
fsr-3281	274	26	do	do	AUX
fsr-3281	274	27	not	not	PART
fsr-3281	274	28	justify	justify	VERB
fsr-3281	274	29	the	the	DET
fsr-3281	274	30	risk	risk	NOUN
fsr-3281	274	31	being	be	AUX
fsr-3281	274	32	undertaken.20	undertaken.20	NOUN
fsr-3281	274	33	thus	thus	ADV
fsr-3281	274	34	,	,	PUNCT
fsr-3281	274	35	the	the	DET
fsr-3281	274	36	financial	financial	ADJ
fsr-3281	274	37	markets	market	NOUN
fsr-3281	274	38	have	have	AUX
fsr-3281	274	39	helped	help	VERB
fsr-3281	274	40	make	make	VERB
fsr-3281	274	41	the	the	DET
fsr-3281	274	42	reinsurance	reinsurance	NOUN
fsr-3281	274	43	market	market	NOUN
fsr-3281	274	44	more	more	ADV
fsr-3281	274	45	competitive	competitive	ADJ
fsr-3281	274	46	.	.	PUNCT
fsr-3281	275	1	however	however	ADV
fsr-3281	275	2	,	,	PUNCT
fsr-3281	275	3	the	the	DET
fsr-3281	275	4	prediction	prediction	NOUN
fsr-3281	275	5	of	of	ADP
fsr-3281	275	6	future	future	ADJ
fsr-3281	275	7	catastrophic	catastrophic	ADJ
fsr-3281	275	8	risks	risk	NOUN
fsr-3281	275	9	from	from	ADP
fsr-3281	275	10	population	population	NOUN
fsr-3281	275	11	migration	migration	NOUN
fsr-3281	275	12	to	to	ADP
fsr-3281	275	13	areas	area	NOUN
fsr-3281	275	14	of	of	ADP
fsr-3281	275	15	potential	potential	ADJ
fsr-3281	275	16	catastrophic	catastrophic	ADJ
fsr-3281	275	17	disasters	disaster	NOUN
fsr-3281	275	18	,	,	PUNCT
fsr-3281	275	19	such	such	ADJ
fsr-3281	275	20	as	as	ADP
fsr-3281	275	21	the	the	DET
fsr-3281	275	22	hurricane	hurricane	NOUN
fsr-3281	275	23	belts	belt	NOUN
fsr-3281	275	24	across	across	ADP
fsr-3281	275	25	florida	florida	PROPN
fsr-3281	275	26	,	,	PUNCT
fsr-3281	275	27	dictate	dictate	VERB
fsr-3281	275	28	the	the	DET
fsr-3281	275	29	need	need	NOUN
fsr-3281	275	30	for	for	SCONJ
fsr-3281	275	31	insurance	insurance	NOUN
fsr-3281	275	32	firms	firm	NOUN
fsr-3281	275	33	to	to	PART
fsr-3281	275	34	continue	continue	VERB
fsr-3281	275	35	to	to	PART
fsr-3281	275	36	offset	offset	VERB
fsr-3281	275	37	these	these	DET
fsr-3281	275	38	risks	risk	NOUN
fsr-3281	275	39	.	.	PUNCT
fsr-3281	276	1	an	an	DET
fsr-3281	276	2	additional	additional	ADJ
fsr-3281	276	3	complication	complication	NOUN
fsr-3281	276	4	is	be	AUX
fsr-3281	276	5	the	the	DET
fsr-3281	276	6	rise	rise	NOUN
fsr-3281	276	7	in	in	ADP
fsr-3281	276	8	extreme	extreme	ADJ
fsr-3281	276	9	weather	weather	NOUN
fsr-3281	276	10	patterns	pattern	NOUN
fsr-3281	276	11	associated	associate	VERB
fsr-3281	276	12	with	with	ADP
fsr-3281	276	13	climate	climate	NOUN
fsr-3281	276	14	change	change	NOUN
fsr-3281	276	15	.	.	PUNCT
fsr-3281	277	1	note	note	VERB
fsr-3281	277	2	also	also	ADV
fsr-3281	277	3	that	that	SCONJ
fsr-3281	277	4	it	it	PRON
fsr-3281	277	5	is	be	AUX
fsr-3281	277	6	rare	rare	ADJ
fsr-3281	277	7	for	for	SCONJ
fsr-3281	277	8	cat	cat	NOUN
fsr-3281	277	9	bondholders	bondholder	NOUN
fsr-3281	277	10	to	to	PART
fsr-3281	277	11	lose	lose	VERB
fsr-3281	277	12	all	all	DET
fsr-3281	277	13	their	their	PRON
fsr-3281	277	14	funds	fund	NOUN
fsr-3281	277	15	.	.	PUNCT
fsr-3281	278	1	the	the	DET
fsr-3281	278	2	insurance	insurance	NOUN
fsr-3281	278	3	journal	journal	NOUN
fsr-3281	278	4	in	in	ADP
fsr-3281	278	5	2013	2013	NUM
fsr-3281	278	6	cite	cite	VERB
fsr-3281	278	7	that	that	SCONJ
fsr-3281	278	8	“	"	PUNCT
fsr-3281	278	9	only	only	ADV
fsr-3281	278	10	eight	eight	NUM
fsr-3281	278	11	…	…	PUNCT
fsr-3281	278	12	deals	deal	NOUN
fsr-3281	278	13	issued	issue	VERB
fsr-3281	278	14	since	since	SCONJ
fsr-3281	278	15	1997	1997	NUM
fsr-3281	278	16	have	have	AUX
fsr-3281	278	17	been	be	AUX
fsr-3281	278	18	triggered	trigger	VERB
fsr-3281	278	19	—	—	PUNCT
fsr-3281	278	20	four	four	NUM
fsr-3281	278	21	triggered	trigger	VERB
fsr-3281	278	22	as	as	ADP
fsr-3281	278	23	a	a	DET
fsr-3281	278	24	result	result	NOUN
fsr-3281	278	25	of	of	ADP
fsr-3281	278	26	losses	loss	NOUN
fsr-3281	278	27	from	from	ADP
fsr-3281	278	28	natural	natural	ADJ
fsr-3281	278	29	disasters	disaster	NOUN
fsr-3281	278	30	and	and	CCONJ
fsr-3281	278	31	others	other	NOUN
fsr-3281	278	32	by	by	ADP
fsr-3281	278	33	damages	damage	NOUN
fsr-3281	278	34	as	as	ADP
fsr-3281	278	35	a	a	DET
fsr-3281	278	36	result	result	NOUN
fsr-3281	278	37	of	of	ADP
fsr-3281	278	38	the	the	DET
fsr-3281	278	39	2008	2008	NUM
fsr-3281	278	40	financial	financial	ADJ
fsr-3281	278	41	crisis	crisis	NOUN
fsr-3281	278	42	.	.	PUNCT
fsr-3281	279	1	”21	”21	PUNCT
fsr-3281	279	2	however	however	ADV
fsr-3281	279	3	,	,	PUNCT
fsr-3281	279	4	what	what	DET
fsr-3281	279	5	type	type	NOUN
fsr-3281	279	6	of	of	ADP
fsr-3281	279	7	returns	return	NOUN
fsr-3281	279	8	have	have	VERB
fsr-3281	279	9	cat	cat	NOUN
fsr-3281	279	10	bondholders	bondholder	NOUN
fsr-3281	279	11	received	receive	VERB
fsr-3281	279	12	?	?	PUNCT
fsr-3281	280	1	5.1	5.1	NUM
fsr-3281	280	2	.	.	PUNCT
fsr-3281	281	1	cat	cat	NOUN
fsr-3281	281	2	indices	indice	VERB
fsr-3281	281	3	returns	return	NOUN
fsr-3281	281	4	from	from	ADP
fsr-3281	281	5	cat	cat	NOUN
fsr-3281	281	6	bonds	bond	NOUN
fsr-3281	281	7	are	be	AUX
fsr-3281	281	8	difficult	difficult	ADJ
fsr-3281	281	9	to	to	PART
fsr-3281	281	10	calculate	calculate	VERB
fsr-3281	281	11	because	because	SCONJ
fsr-3281	281	12	they	they	PRON
fsr-3281	281	13	are	be	AUX
fsr-3281	281	14	traded	trade	VERB
fsr-3281	281	15	infrequently	infrequently	ADV
fsr-3281	281	16	so	so	ADV
fsr-3281	281	17	a	a	DET
fsr-3281	281	18	number	number	NOUN
fsr-3281	281	19	of	of	ADP
fsr-3281	281	20	proxies	proxy	NOUN
fsr-3281	281	21	are	be	AUX
fsr-3281	281	22	used	use	VERB
fsr-3281	281	23	.	.	PUNCT
fsr-3281	282	1	our	our	PRON
fsr-3281	282	2	first	first	ADJ
fsr-3281	282	3	test	test	NOUN
fsr-3281	282	4	relies	rely	VERB
fsr-3281	282	5	on	on	ADP
fsr-3281	282	6	two	two	NUM
fsr-3281	282	7	broad	broad	ADJ
fsr-3281	282	8	proxies	proxy	NOUN
fsr-3281	282	9	,	,	PUNCT
fsr-3281	282	10	the	the	DET
fsr-3281	282	11	eurekahedge	eurekahedge	NOUN
fsr-3281	282	12	ils	ils	PROPN
fsr-3281	282	13	advisors	advisor	NOUN
fsr-3281	282	14	index	index	NOUN
fsr-3281	282	15	(	(	PUNCT
fsr-3281	282	16	ils	ils	NOUN
fsr-3281	282	17	)	)	PUNCT
fsr-3281	282	18	and	and	CCONJ
fsr-3281	282	19	the	the	DET
fsr-3281	282	20	mercury	mercury	NOUN
fsr-3281	282	21	investible	investible	ADJ
fsr-3281	282	22	catastrophe	catastrophe	NOUN
fsr-3281	282	23	risk	risk	NOUN
fsr-3281	282	24	index	index	NOUN
fsr-3281	282	25	(	(	PUNCT
fsr-3281	282	26	micrix	micrix	PROPN
fsr-3281	282	27	)	)	PUNCT
fsr-3281	282	28	.	.	PUNCT
fsr-3281	283	1	the	the	DET
fsr-3281	283	2	eurekahedge	eurekahedge	NOUN
fsr-3281	283	3	ils	ils	PROPN
fsr-3281	283	4	advisors	advisor	NOUN
fsr-3281	283	5	index	index	NOUN
fsr-3281	283	6	tracks	track	VERB
fsr-3281	283	7	the	the	DET
fsr-3281	283	8	performance	performance	NOUN
fsr-3281	283	9	of	of	ADP
fsr-3281	283	10	participating	participate	VERB
fsr-3281	283	11	insurance	insurance	NOUN
fsr-3281	283	12	linked	link	VERB
fsr-3281	283	13	investment	investment	NOUN
fsr-3281	283	14	funds	fund	NOUN
fsr-3281	283	15	.	.	PUNCT
fsr-3281	284	1	this	this	DET
fsr-3281	284	2	index	index	NOUN
fsr-3281	284	3	allows	allow	VERB
fsr-3281	284	4	a	a	DET
fsr-3281	284	5	comparison	comparison	NOUN
fsr-3281	284	6	between	between	ADP
fsr-3281	284	7	different	different	ADJ
fsr-3281	284	8	fund	fund	NOUN
fsr-3281	284	9	managers	manager	NOUN
fsr-3281	284	10	in	in	ADP
fsr-3281	284	11	the	the	DET
fsr-3281	284	12	insurance	insurance	NOUN
fsr-3281	284	13	-	-	PUNCT
fsr-3281	284	14	linked	link	VERB
fsr-3281	284	15	securities	security	NOUN
fsr-3281	284	16	,	,	PUNCT
fsr-3281	284	17	reinsurance	reinsurance	NOUN
fsr-3281	284	18	,	,	PUNCT
fsr-3281	284	19	and	and	CCONJ
fsr-3281	284	20	cat	cat	NOUN
fsr-3281	284	21	bond	bond	NOUN
fsr-3281	284	22	investment	investment	NOUN
fsr-3281	284	23	field	field	NOUN
fsr-3281	284	24	.	.	PUNCT
fsr-3281	285	1	eurekahedge	eurekahedge	VERB
fsr-3281	285	2	,	,	PUNCT
fsr-3281	285	3	the	the	DET
fsr-3281	285	4	index	index	NOUN
fsr-3281	285	5	manager	manager	NOUN
fsr-3281	285	6	,	,	PUNCT
fsr-3281	285	7	is	be	AUX
fsr-3281	285	8	the	the	DET
fsr-3281	285	9	world	world	NOUN
fsr-3281	285	10	’s	’s	PART
fsr-3281	285	11	largest	large	ADJ
fsr-3281	285	12	compiler	compiler	NOUN
fsr-3281	285	13	of	of	ADP
fsr-3281	285	14	alternative	alternative	ADJ
fsr-3281	285	15	asset	asset	NOUN
fsr-3281	285	16	fund	fund	NOUN
fsr-3281	285	17	databases	database	NOUN
fsr-3281	285	18	and	and	CCONJ
fsr-3281	285	19	ils	ils	NOUN
fsr-3281	285	20	advisers	adviser	NOUN
fsr-3281	285	21	are	be	AUX
fsr-3281	285	22	an	an	DET
fsr-3281	285	23	independent	independent	ADJ
fsr-3281	285	24	advisory	advisory	ADJ
fsr-3281	285	25	service	service	NOUN
fsr-3281	285	26	for	for	ADP
fsr-3281	285	27	insurance	insurance	NOUN
fsr-3281	285	28	-	-	PUNCT
fsr-3281	285	29	linked	link	VERB
fsr-3281	285	30	investments	investment	NOUN
fsr-3281	285	31	.	.	PUNCT
fsr-3281	286	1	a	a	DET
fsr-3281	286	2	sample	sample	NOUN
fsr-3281	286	3	of	of	ADP
fsr-3281	286	4	monthly	monthly	ADJ
fsr-3281	286	5	returns	return	NOUN
fsr-3281	286	6	from	from	ADP
fsr-3281	286	7	this	this	DET
fsr-3281	286	8	index	index	NOUN
fsr-3281	286	9	are	be	AUX
fsr-3281	286	10	shown	show	VERB
fsr-3281	286	11	in	in	ADP
fsr-3281	286	12	table	table	NOUN
fsr-3281	286	13	4	4	NUM
fsr-3281	286	14	over	over	ADP
fsr-3281	286	15	the	the	DET
fsr-3281	286	16	period	period	NOUN
fsr-3281	286	17	1/2010	1/2010	NUM
fsr-3281	286	18	through	through	ADP
fsr-3281	286	19	3/2016	3/2016	NUM
fsr-3281	286	20	.	.	PUNCT
fsr-3281	287	1	the	the	DET
fsr-3281	287	2	mean	mean	ADJ
fsr-3281	287	3	monthly	monthly	ADJ
fsr-3281	287	4	return	return	NOUN
fsr-3281	287	5	is	be	AUX
fsr-3281	287	6	0.41	0.41	NUM
fsr-3281	287	7	%	%	NOUN
fsr-3281	287	8	coupled	couple	VERB
fsr-3281	287	9	with	with	ADP
fsr-3281	287	10	a	a	DET
fsr-3281	287	11	0.61	0.61	NUM
fsr-3281	287	12	%	%	NOUN
fsr-3281	287	13	standard	standard	ADJ
fsr-3281	287	14	deviation	deviation	NOUN
fsr-3281	287	15	.	.	PUNCT
fsr-3281	288	1	the	the	DET
fsr-3281	288	2	maximum	maximum	ADJ
fsr-3281	288	3	and	and	CCONJ
fsr-3281	288	4	minimum	minimum	ADJ
fsr-3281	288	5	monthly	monthly	ADJ
fsr-3281	288	6	returns	return	NOUN
fsr-3281	288	7	over	over	ADP
fsr-3281	288	8	this	this	DET
fsr-3281	288	9	period	period	NOUN
fsr-3281	288	10	is	be	AUX
fsr-3281	288	11	1.20	1.20	NUM
fsr-3281	288	12	%	%	NOUN
fsr-3281	288	13	and	and	CCONJ
fsr-3281	288	14	�	�	PROPN
fsr-3281	288	15	3.94	3.94	NUM
fsr-3281	288	16	%	%	NOUN
fsr-3281	288	17	,	,	PUNCT
fsr-3281	288	18	respectively	respectively	ADV
fsr-3281	288	19	.	.	PUNCT
fsr-3281	289	1	although	although	SCONJ
fsr-3281	289	2	not	not	PART
fsr-3281	289	3	shown	show	VERB
fsr-3281	289	4	in	in	ADP
fsr-3281	289	5	table	table	NOUN
fsr-3281	289	6	4	4	NUM
fsr-3281	289	7	,	,	PUNCT
fsr-3281	289	8	since	since	SCONJ
fsr-3281	289	9	its	its	PRON
fsr-3281	289	10	inception	inception	NOUN
fsr-3281	289	11	in	in	ADP
fsr-3281	289	12	2005	2005	NUM
fsr-3281	289	13	,	,	PUNCT
fsr-3281	289	14	the	the	DET
fsr-3281	289	15	best	good	ADJ
fsr-3281	289	16	monthly	monthly	ADJ
fsr-3281	289	17	return	return	NOUN
fsr-3281	289	18	is	be	AUX
fsr-3281	289	19	1.60	1.60	NUM
fsr-3281	289	20	%	%	NOUN
fsr-3281	289	21	versus	versus	ADP
fsr-3281	289	22	the	the	DET
fsr-3281	289	23	worst	bad	ADJ
fsr-3281	289	24	monthly	monthly	ADJ
fsr-3281	289	25	return	return	NOUN
fsr-3281	289	26	of	of	ADP
fsr-3281	289	27	�	�	NOUN
fsr-3281	289	28	3.94	3.94	NUM
fsr-3281	289	29	%	%	NOUN
fsr-3281	289	30	.	.	PUNCT
fsr-3281	290	1	the	the	DET
fsr-3281	290	2	sharpe	sharpe	PROPN
fsr-3281	290	3	ratio	ratio	NOUN
fsr-3281	290	4	,	,	PUNCT
fsr-3281	290	5	as	as	ADP
fsr-3281	290	6	a	a	DET
fsr-3281	290	7	measure	measure	NOUN
fsr-3281	290	8	of	of	ADP
fsr-3281	290	9	reward	reward	NOUN
fsr-3281	290	10	to	to	ADP
fsr-3281	290	11	volatility	volatility	NOUN
fsr-3281	290	12	,	,	PUNCT
fsr-3281	290	13	316	316	NUM
fsr-3281	290	14	r.j	r.j	PROPN
fsr-3281	290	15	.	.	PROPN
fsr-3281	290	16	kish	kish	PROPN
fsr-3281	290	17	/	/	SYM
fsr-3281	290	18	financial	financial	ADJ
fsr-3281	290	19	services	service	NOUN
fsr-3281	290	20	review	review	VERB
fsr-3281	290	21	25	25	NUM
fsr-3281	290	22	(	(	PUNCT
fsr-3281	290	23	2016	2016	NUM
fsr-3281	290	24	)	)	PUNCT
fsr-3281	291	1	303–329	303–329	NUM
fsr-3281	291	2	at	at	ADP
fsr-3281	291	3	0.1897	0.1897	NUM
fsr-3281	291	4	indicates	indicate	VERB
fsr-3281	291	5	a	a	DET
fsr-3281	291	6	positive	positive	ADJ
fsr-3281	291	7	return	return	NOUN
fsr-3281	291	8	for	for	ADP
fsr-3281	291	9	the	the	DET
fsr-3281	291	10	risk	risk	NOUN
fsr-3281	291	11	undertaken	undertake	VERB
fsr-3281	291	12	.	.	PUNCT
fsr-3281	292	1	the	the	DET
fsr-3281	292	2	percentage	percentage	NOUN
fsr-3281	292	3	of	of	ADP
fsr-3281	292	4	positive	positive	ADJ
fsr-3281	292	5	returns	return	NOUN
fsr-3281	292	6	over	over	ADP
fsr-3281	292	7	the	the	DET
fsr-3281	292	8	period	period	NOUN
fsr-3281	292	9	1/2010	1/2010	NUM
fsr-3281	292	10	through	through	ADP
fsr-3281	292	11	3/2016	3/2016	PROPN
fsr-3281	292	12	is	be	AUX
fsr-3281	292	13	94.7	94.7	NUM
fsr-3281	292	14	%	%	NOUN
fsr-3281	292	15	(	(	PUNCT
fsr-3281	292	16	71	71	NUM
fsr-3281	292	17	out	out	ADP
fsr-3281	292	18	of	of	ADP
fsr-3281	292	19	75	75	NUM
fsr-3281	292	20	months	month	NOUN
fsr-3281	292	21	)	)	PUNCT
fsr-3281	292	22	.	.	PUNCT
fsr-3281	293	1	table	table	NOUN
fsr-3281	293	2	4	4	NUM
fsr-3281	293	3	shows	show	VERB
fsr-3281	293	4	the	the	DET
fsr-3281	293	5	historical	historical	ADJ
fsr-3281	293	6	monthly	monthly	ADJ
fsr-3281	293	7	returns	return	NOUN
fsr-3281	293	8	over	over	ADP
fsr-3281	293	9	this	this	DET
fsr-3281	293	10	seven	seven	NUM
fsr-3281	293	11	year	year	NOUN
fsr-3281	293	12	period	period	NOUN
fsr-3281	293	13	and	and	CCONJ
fsr-3281	293	14	table	table	NOUN
fsr-3281	293	15	5	5	NUM
fsr-3281	293	16	shows	show	VERB
fsr-3281	293	17	a	a	DET
fsr-3281	293	18	summary	summary	NOUN
fsr-3281	293	19	of	of	ADP
fsr-3281	293	20	the	the	DET
fsr-3281	293	21	statistics	statistic	NOUN
fsr-3281	293	22	over	over	ADP
fsr-3281	293	23	various	various	ADJ
fsr-3281	293	24	sample	sample	NOUN
fsr-3281	293	25	periods	period	NOUN
fsr-3281	293	26	.	.	PUNCT
fsr-3281	294	1	the	the	DET
fsr-3281	294	2	second	second	ADJ
fsr-3281	294	3	index	index	NOUN
fsr-3281	294	4	used	use	VERB
fsr-3281	294	5	as	as	ADP
fsr-3281	294	6	a	a	DET
fsr-3281	294	7	proxy	proxy	NOUN
fsr-3281	294	8	for	for	ADP
fsr-3281	294	9	the	the	DET
fsr-3281	294	10	cat	cat	NOUN
fsr-3281	294	11	bond	bond	NOUN
fsr-3281	294	12	performance	performance	NOUN
fsr-3281	294	13	is	be	AUX
fsr-3281	294	14	the	the	DET
fsr-3281	294	15	mercury	mercury	NOUN
fsr-3281	294	16	investible	investible	ADJ
fsr-3281	294	17	catastrophe	catastrophe	NOUN
fsr-3281	294	18	risk	risk	NOUN
fsr-3281	294	19	index	index	NOUN
fsr-3281	294	20	(	(	PUNCT
fsr-3281	294	21	micrix	micrix	PROPN
fsr-3281	294	22	)	)	PUNCT
fsr-3281	294	23	.	.	PUNCT
fsr-3281	295	1	it	it	PRON
fsr-3281	295	2	was	be	AUX
fsr-3281	295	3	started	start	VERB
fsr-3281	295	4	in	in	ADP
fsr-3281	295	5	2006	2006	NUM
fsr-3281	295	6	to	to	PART
fsr-3281	295	7	track	track	VERB
fsr-3281	295	8	the	the	DET
fsr-3281	295	9	performance	performance	NOUN
fsr-3281	295	10	of	of	ADP
fsr-3281	295	11	a	a	DET
fsr-3281	295	12	diversified	diversified	ADJ
fsr-3281	295	13	portfolio	portfolio	NOUN
fsr-3281	295	14	of	of	ADP
fsr-3281	295	15	peak	peak	ADJ
fsr-3281	295	16	peril	peril	ADJ
fsr-3281	295	17	industry	industry	NOUN
fsr-3281	295	18	loss	loss	NOUN
fsr-3281	295	19	warranties	warranty	NOUN
fsr-3281	295	20	(	(	PUNCT
fsr-3281	295	21	ilw	ilw	VERB
fsr-3281	295	22	’s	’s	ADV
fsr-3281	295	23	)	)	PUNCT
fsr-3281	295	24	.	.	PUNCT
fsr-3281	296	1	mercury	mercury	PROPN
fsr-3281	296	2	capital	capital	PROPN
fsr-3281	296	3	ltd	ltd	PROPN
fsr-3281	296	4	.	.	PROPN
fsr-3281	296	5	is	be	AUX
fsr-3281	296	6	a	a	DET
fsr-3281	296	7	bermuda	bermuda	NOUN
fsr-3281	296	8	based	base	VERB
fsr-3281	296	9	fund	fund	NOUN
fsr-3281	296	10	manager	manager	NOUN
fsr-3281	296	11	.	.	PUNCT
fsr-3281	297	1	their	their	PRON
fsr-3281	297	2	index	index	NOUN
fsr-3281	297	3	data	datum	NOUN
fsr-3281	297	4	are	be	AUX
fsr-3281	297	5	based	base	VERB
fsr-3281	297	6	on	on	ADP
fsr-3281	297	7	prices	price	NOUN
fsr-3281	297	8	collected	collect	VERB
fsr-3281	297	9	from	from	ADP
fsr-3281	297	10	a	a	DET
fsr-3281	297	11	panel	panel	NOUN
fsr-3281	297	12	of	of	ADP
fsr-3281	297	13	reinsurance	reinsurance	NOUN
fsr-3281	297	14	brokers	broker	NOUN
fsr-3281	297	15	.	.	PUNCT
fsr-3281	298	1	the	the	DET
fsr-3281	298	2	micrix	micrix	PROPN
fsr-3281	298	3	index	index	NOUN
fsr-3281	298	4	tracks	track	VERB
fsr-3281	298	5	the	the	DET
fsr-3281	298	6	performance	performance	NOUN
fsr-3281	298	7	of	of	ADP
fsr-3281	298	8	a	a	DET
fsr-3281	298	9	balanced	balanced	ADJ
fsr-3281	298	10	portfolio	portfolio	NOUN
fsr-3281	298	11	of	of	ADP
fsr-3281	298	12	the	the	DET
fsr-3281	298	13	peak	peak	NOUN
fsr-3281	298	14	peril	peril	ADJ
fsr-3281	298	15	exposures	exposure	NOUN
fsr-3281	298	16	from	from	ADP
fsr-3281	298	17	us	us	PROPN
fsr-3281	298	18	quake	quake	NOUN
fsr-3281	298	19	,	,	PUNCT
fsr-3281	298	20	us	us	PROPN
fsr-3281	298	21	regional	regional	ADJ
fsr-3281	298	22	wind	wind	NOUN
fsr-3281	298	23	,	,	PUNCT
fsr-3281	298	24	european	european	ADJ
fsr-3281	298	25	wind	wind	NOUN
fsr-3281	298	26	,	,	PUNCT
fsr-3281	298	27	japanese	japanese	ADJ
fsr-3281	298	28	quake	quake	NOUN
fsr-3281	298	29	,	,	PUNCT
fsr-3281	298	30	and	and	CCONJ
fsr-3281	298	31	japanese	japanese	ADJ
fsr-3281	298	32	wind	wind	NOUN
fsr-3281	298	33	.	.	PUNCT
fsr-3281	299	1	the	the	DET
fsr-3281	299	2	index	index	NOUN
fsr-3281	299	3	experienced	experience	VERB
fsr-3281	299	4	only	only	ADV
fsr-3281	299	5	three	three	NUM
fsr-3281	299	6	down	down	ADJ
fsr-3281	299	7	months	month	NOUN
fsr-3281	299	8	in	in	ADP
fsr-3281	299	9	the	the	DET
fsr-3281	299	10	87	87	NUM
fsr-3281	299	11	months	month	NOUN
fsr-3281	299	12	since	since	SCONJ
fsr-3281	299	13	inception	inception	NOUN
fsr-3281	299	14	.	.	PUNCT
fsr-3281	300	1	this	this	DET
fsr-3281	300	2	index	index	NOUN
fsr-3281	300	3	shows	show	VERB
fsr-3281	300	4	a	a	DET
fsr-3281	300	5	mean	mean	ADJ
fsr-3281	300	6	monthly	monthly	ADJ
fsr-3281	300	7	return	return	NOUN
fsr-3281	300	8	from	from	ADP
fsr-3281	300	9	1/2010	1/2010	NUM
fsr-3281	300	10	through	through	ADP
fsr-3281	300	11	3/2016	3/2016	NUM
fsr-3281	300	12	of	of	ADP
fsr-3281	300	13	0.72	0.72	NUM
fsr-3281	300	14	%	%	NOUN
fsr-3281	300	15	matched	match	VERB
fsr-3281	300	16	with	with	ADP
fsr-3281	300	17	a	a	DET
fsr-3281	300	18	monthly	monthly	ADJ
fsr-3281	300	19	standard	standard	ADJ
fsr-3281	300	20	deviation	deviation	NOUN
fsr-3281	300	21	of	of	ADP
fsr-3281	300	22	2.63	2.63	NUM
fsr-3281	300	23	%	%	NOUN
fsr-3281	300	24	.	.	PUNCT
fsr-3281	301	1	similar	similar	ADJ
fsr-3281	301	2	to	to	ADP
fsr-3281	301	3	the	the	DET
fsr-3281	301	4	ils	ils	PROPN
fsr-3281	301	5	index	index	NOUN
fsr-3281	301	6	,	,	PUNCT
fsr-3281	301	7	there	there	PRON
fsr-3281	301	8	is	be	VERB
fsr-3281	301	9	a	a	DET
fsr-3281	301	10	positive	positive	ADJ
fsr-3281	301	11	sharpe	sharpe	NOUN
fsr-3281	301	12	ratio	ratio	NOUN
fsr-3281	301	13	(	(	PUNCT
fsr-3281	301	14	0.1605	0.1605	NUM
fsr-3281	301	15	)	)	PUNCT
fsr-3281	301	16	.	.	PUNCT
fsr-3281	302	1	summary	summary	NOUN
fsr-3281	302	2	statistics	statistic	NOUN
fsr-3281	302	3	over	over	ADP
fsr-3281	302	4	the	the	DET
fsr-3281	302	5	same	same	ADJ
fsr-3281	302	6	time	time	NOUN
fsr-3281	302	7	periods	period	NOUN
fsr-3281	302	8	as	as	SCONJ
fsr-3281	302	9	the	the	DET
fsr-3281	302	10	ils	ils	NOUN
fsr-3281	302	11	index	index	NOUN
fsr-3281	302	12	are	be	AUX
fsr-3281	302	13	shown	show	VERB
fsr-3281	302	14	in	in	ADP
fsr-3281	302	15	table	table	NOUN
fsr-3281	302	16	5	5	NUM
fsr-3281	302	17	.	.	PUNCT
fsr-3281	302	18	monthly	monthly	ADJ
fsr-3281	302	19	returns	return	NOUN
fsr-3281	302	20	,	,	PUNCT
fsr-3281	302	21	shown	show	VERB
fsr-3281	302	22	in	in	ADP
fsr-3281	302	23	the	the	DET
fsr-3281	302	24	bottom	bottom	ADJ
fsr-3281	302	25	half	half	NOUN
fsr-3281	302	26	of	of	ADP
fsr-3281	302	27	table	table	NOUN
fsr-3281	302	28	4	4	NUM
fsr-3281	302	29	,	,	PUNCT
fsr-3281	302	30	indicate	indicate	VERB
fsr-3281	302	31	higher	high	ADJ
fsr-3281	302	32	returns	return	NOUN
fsr-3281	302	33	compared	compare	VERB
fsr-3281	302	34	to	to	ADP
fsr-3281	302	35	the	the	DET
fsr-3281	302	36	ils	ils	PROPN
fsr-3281	302	37	index	index	NOUN
fsr-3281	302	38	,	,	PUNCT
fsr-3281	302	39	but	but	CCONJ
fsr-3281	302	40	with	with	ADP
fsr-3281	302	41	greater	great	ADJ
fsr-3281	302	42	variability	variability	NOUN
fsr-3281	302	43	.	.	PUNCT
fsr-3281	303	1	the	the	DET
fsr-3281	303	2	three	three	NUM
fsr-3281	303	3	year	year	NOUN
fsr-3281	303	4	correlation	correlation	NOUN
fsr-3281	303	5	of	of	ADP
fsr-3281	303	6	monthly	monthly	ADJ
fsr-3281	303	7	returns	return	NOUN
fsr-3281	303	8	between	between	ADP
fsr-3281	303	9	these	these	DET
fsr-3281	303	10	two	two	NUM
fsr-3281	303	11	cat	cat	NOUN
fsr-3281	303	12	indices	index	NOUN
fsr-3281	303	13	(	(	PUNCT
fsr-3281	303	14	ils	ils	X
fsr-3281	303	15	and	and	CCONJ
fsr-3281	303	16	micrix	micrix	NOUN
fsr-3281	303	17	)	)	PUNCT
fsr-3281	303	18	is	be	AUX
fsr-3281	303	19	0.74	0.74	NUM
fsr-3281	303	20	indicating	indicate	VERB
fsr-3281	303	21	a	a	DET
fsr-3281	303	22	strong	strong	ADJ
fsr-3281	303	23	positive	positive	ADJ
fsr-3281	303	24	relationship	relationship	NOUN
fsr-3281	303	25	between	between	ADP
fsr-3281	303	26	these	these	DET
fsr-3281	303	27	two	two	NUM
fsr-3281	303	28	cat	cat	NOUN
fsr-3281	303	29	performance	performance	NOUN
fsr-3281	303	30	proxies	proxy	NOUN
fsr-3281	303	31	.	.	PUNCT
fsr-3281	304	1	to	to	PART
fsr-3281	304	2	analyze	analyze	VERB
fsr-3281	304	3	the	the	DET
fsr-3281	304	4	performance	performance	NOUN
fsr-3281	304	5	of	of	ADP
fsr-3281	304	6	these	these	DET
fsr-3281	304	7	two	two	NUM
fsr-3281	304	8	broad	broad	ADJ
fsr-3281	304	9	cat	cat	NOUN
fsr-3281	304	10	bond	bond	NOUN
fsr-3281	304	11	proxies	proxy	NOUN
fsr-3281	304	12	,	,	PUNCT
fsr-3281	304	13	their	their	PRON
fsr-3281	304	14	returns	return	NOUN
fsr-3281	304	15	are	be	AUX
fsr-3281	304	16	evaluated	evaluate	VERB
fsr-3281	304	17	against	against	ADP
fsr-3281	304	18	the	the	DET
fsr-3281	304	19	returns	return	NOUN
fsr-3281	304	20	from	from	ADP
fsr-3281	304	21	the	the	DET
fsr-3281	304	22	merrill	merrill	NOUN
fsr-3281	304	23	lynch	lynch	PROPN
fsr-3281	304	24	(	(	PUNCT
fsr-3281	304	25	ml	ml	NOUN
fsr-3281	304	26	)	)	PUNCT
fsr-3281	304	27	non	non	ADJ
fsr-3281	304	28	-	-	ADJ
fsr-3281	304	29	investment	investment	ADJ
fsr-3281	304	30	grade	grade	NOUN
fsr-3281	304	31	corporate	corporate	ADJ
fsr-3281	304	32	bond	bond	NOUN
fsr-3281	304	33	indices.22	indices.22	NOUN
fsr-3281	304	34	monthly	monthly	ADJ
fsr-3281	304	35	returns	return	NOUN
fsr-3281	304	36	of	of	ADP
fsr-3281	304	37	the	the	DET
fsr-3281	304	38	ml	ml	PROPN
fsr-3281	304	39	indices	index	NOUN
fsr-3281	304	40	are	be	AUX
fsr-3281	304	41	shown	show	VERB
fsr-3281	304	42	in	in	ADP
fsr-3281	304	43	table	table	NOUN
fsr-3281	304	44	6	6	NUM
fsr-3281	304	45	.	.	PUNCT
fsr-3281	305	1	the	the	DET
fsr-3281	305	2	top	top	ADJ
fsr-3281	305	3	half	half	NOUN
fsr-3281	305	4	of	of	ADP
fsr-3281	305	5	the	the	DET
fsr-3281	305	6	table	table	NOUN
fsr-3281	305	7	shows	show	VERB
fsr-3281	305	8	the	the	DET
fsr-3281	305	9	returns	return	NOUN
fsr-3281	305	10	from	from	ADP
fsr-3281	305	11	the	the	DET
fsr-3281	305	12	bb	bb	NOUN
fsr-3281	305	13	rated	rate	VERB
fsr-3281	305	14	bond	bond	NOUN
fsr-3281	305	15	index	index	NOUN
fsr-3281	305	16	;	;	PUNCT
fsr-3281	305	17	the	the	DET
fsr-3281	305	18	middle	middle	ADJ
fsr-3281	305	19	section	section	NOUN
fsr-3281	305	20	shows	show	VERB
fsr-3281	305	21	the	the	DET
fsr-3281	305	22	returns	return	NOUN
fsr-3281	305	23	from	from	ADP
fsr-3281	305	24	the	the	DET
fsr-3281	305	25	b	b	NOUN
fsr-3281	305	26	rated	rate	VERB
fsr-3281	305	27	corporate	corporate	ADJ
fsr-3281	305	28	bond	bond	NOUN
fsr-3281	305	29	index	index	NOUN
fsr-3281	305	30	;	;	PUNCT
fsr-3281	305	31	and	and	CCONJ
fsr-3281	305	32	the	the	DET
fsr-3281	305	33	bottom	bottom	ADJ
fsr-3281	305	34	section	section	NOUN
fsr-3281	305	35	,	,	PUNCT
fsr-3281	305	36	the	the	DET
fsr-3281	305	37	returns	return	NOUN
fsr-3281	305	38	from	from	ADP
fsr-3281	305	39	the	the	DET
fsr-3281	305	40	ccc	ccc	PROPN
fsr-3281	305	41	table	table	NOUN
fsr-3281	305	42	4	4	NUM
fsr-3281	305	43	ils	ils	NOUN
fsr-3281	305	44	and	and	CCONJ
fsr-3281	305	45	micrix	micrix	ADJ
fsr-3281	305	46	historical	historical	ADJ
fsr-3281	305	47	monthly	monthly	ADJ
fsr-3281	305	48	performance	performance	NOUN
fsr-3281	305	49	jan	jan	PROPN
fsr-3281	305	50	.	.	PROPN
fsr-3281	306	1	feb	feb	PROPN
fsr-3281	306	2	.	.	PUNCT
fsr-3281	306	3	mar	mar	PROPN
fsr-3281	306	4	.	.	PROPN
fsr-3281	307	1	april	april	PROPN
fsr-3281	307	2	may	may	PROPN
fsr-3281	307	3	june	june	PROPN
fsr-3281	307	4	july	july	PROPN
fsr-3281	307	5	aug	aug	PROPN
fsr-3281	307	6	.	.	PROPN
fsr-3281	307	7	sept	sept	PROPN
fsr-3281	307	8	.	.	PROPN
fsr-3281	307	9	oct	oct	PROPN
fsr-3281	307	10	.	.	PROPN
fsr-3281	307	11	nov	nov	PROPN
fsr-3281	307	12	.	.	PUNCT
fsr-3281	307	13	dec	dec	PROPN
fsr-3281	307	14	.	.	PUNCT
fsr-3281	308	1	ils	ils	PROPN
fsr-3281	308	2	2016	2016	NUM
fsr-3281	308	3	0.21	0.21	NUM
fsr-3281	308	4	%	%	NOUN
fsr-3281	308	5	0.54	0.54	NUM
fsr-3281	308	6	%	%	NOUN
fsr-3281	308	7	0.37	0.37	NUM
fsr-3281	308	8	%	%	NOUN
fsr-3281	308	9	n	n	CCONJ
fsr-3281	308	10	/	/	SYM
fsr-3281	308	11	a	a	PRON
fsr-3281	308	12	n	n	NOUN
fsr-3281	308	13	/	/	SYM
fsr-3281	308	14	a	a	PRON
fsr-3281	308	15	n	n	NOUN
fsr-3281	308	16	/	/	SYM
fsr-3281	308	17	a	a	PRON
fsr-3281	308	18	n	n	NOUN
fsr-3281	308	19	/	/	SYM
fsr-3281	308	20	a	a	PRON
fsr-3281	308	21	n	n	NOUN
fsr-3281	308	22	/	/	SYM
fsr-3281	308	23	a	a	PRON
fsr-3281	308	24	n	n	NOUN
fsr-3281	308	25	/	/	SYM
fsr-3281	308	26	a	a	PRON
fsr-3281	308	27	n	n	NOUN
fsr-3281	308	28	/	/	SYM
fsr-3281	308	29	a	a	PRON
fsr-3281	308	30	n	n	NOUN
fsr-3281	308	31	/	/	SYM
fsr-3281	308	32	a	a	DET
fsr-3281	308	33	n	n	NOUN
fsr-3281	308	34	/	/	SYM
fsr-3281	308	35	a	a	DET
fsr-3281	308	36	2015	2015	NUM
fsr-3281	308	37	0.39	0.39	NUM
fsr-3281	308	38	%	%	NOUN
fsr-3281	308	39	0.24	0.24	NUM
fsr-3281	308	40	%	%	NOUN
fsr-3281	308	41	0.21	0.21	NUM
fsr-3281	308	42	%	%	NOUN
fsr-3281	308	43	0.08	0.08	NUM
fsr-3281	308	44	%	%	NOUN
fsr-3281	308	45	0.16	0.16	NUM
fsr-3281	308	46	%	%	NOUN
fsr-3281	308	47	0.15	0.15	NUM
fsr-3281	308	48	%	%	NOUN
fsr-3281	308	49	0.40	0.40	NUM
fsr-3281	308	50	%	%	NOUN
fsr-3281	308	51	0.84	0.84	NUM
fsr-3281	308	52	%	%	NOUN
fsr-3281	308	53	1.03	1.03	NUM
fsr-3281	308	54	%	%	NOUN
fsr-3281	308	55	0.27	0.27	NUM
fsr-3281	308	56	%	%	NOUN
fsr-3281	308	57	0.31	0.31	NUM
fsr-3281	308	58	%	%	NOUN
fsr-3281	308	59	0.08	0.08	NUM
fsr-3281	308	60	%	%	NOUN
fsr-3281	308	61	2014	2014	NUM
fsr-3281	308	62	0.50	0.50	NUM
fsr-3281	308	63	%	%	NOUN
fsr-3281	308	64	0.50	0.50	NUM
fsr-3281	308	65	%	%	NOUN
fsr-3281	308	66	0.45	0.45	NUM
fsr-3281	308	67	%	%	NOUN
fsr-3281	308	68	0.32	0.32	NUM
fsr-3281	308	69	%	%	NOUN
fsr-3281	308	70	0.08	0.08	NUM
fsr-3281	308	71	%	%	NOUN
fsr-3281	308	72	0.21	0.21	NUM
fsr-3281	308	73	%	%	NOUN
fsr-3281	308	74	0.41	0.41	NUM
fsr-3281	308	75	%	%	NOUN
fsr-3281	308	76	0.81	0.81	NUM
fsr-3281	308	77	%	%	NOUN
fsr-3281	308	78	0.86	0.86	NUM
fsr-3281	308	79	%	%	NOUN
fsr-3281	308	80	0.61	0.61	NUM
fsr-3281	308	81	%	%	NOUN
fsr-3281	308	82	0.14	0.14	NUM
fsr-3281	308	83	%	%	NOUN
fsr-3281	308	84	0.43	0.43	NUM
fsr-3281	308	85	%	%	NOUN
fsr-3281	308	86	2013	2013	NUM
fsr-3281	308	87	0.68	0.68	NUM
fsr-3281	308	88	%	%	NOUN
fsr-3281	308	89	0.75	0.75	NUM
fsr-3281	308	90	%	%	NOUN
fsr-3281	308	91	0.64	0.64	NUM
fsr-3281	308	92	%	%	NOUN
fsr-3281	308	93	0.85	0.85	NUM
fsr-3281	308	94	%	%	NOUN
fsr-3281	308	95	0.44	0.44	NUM
fsr-3281	308	96	%	%	NOUN
fsr-3281	308	97	0.00	0.00	NUM
fsr-3281	308	98	%	%	NOUN
fsr-3281	308	99	0.40	0.40	NUM
fsr-3281	308	100	%	%	NOUN
fsr-3281	308	101	0.92	0.92	NUM
fsr-3281	308	102	%	%	NOUN
fsr-3281	308	103	1.20	1.20	NUM
fsr-3281	308	104	%	%	NOUN
fsr-3281	308	105	0.64	0.64	NUM
fsr-3281	308	106	%	%	NOUN
fsr-3281	308	107	0.49	0.49	NUM
fsr-3281	308	108	%	%	NOUN
fsr-3281	308	109	0.42	0.42	NUM
fsr-3281	308	110	%	%	NOUN
fsr-3281	308	111	2012	2012	NUM
fsr-3281	308	112	0.18	0.18	NUM
fsr-3281	308	113	%	%	NOUN
fsr-3281	308	114	0.19	0.19	NUM
fsr-3281	308	115	%	%	NOUN
fsr-3281	308	116	0.32	0.32	NUM
fsr-3281	308	117	%	%	NOUN
fsr-3281	308	118	0.43	0.43	NUM
fsr-3281	308	119	%	%	NOUN
fsr-3281	308	120	0.59	0.59	NUM
fsr-3281	308	121	%	%	NOUN
fsr-3281	308	122	0.57	0.57	NUM
fsr-3281	308	123	%	%	NOUN
fsr-3281	308	124	0.62	0.62	NUM
fsr-3281	308	125	%	%	NOUN
fsr-3281	308	126	0.94	0.94	NUM
fsr-3281	308	127	%	%	NOUN
fsr-3281	308	128	1.19	1.19	NUM
fsr-3281	308	129	%	%	NOUN
fsr-3281	308	130	�	�	NOUN
fsr-3281	308	131	0.51	0.51	NUM
fsr-3281	308	132	%	%	NOUN
fsr-3281	308	133	0.27	0.27	NUM
fsr-3281	308	134	%	%	NOUN
fsr-3281	308	135	1.02	1.02	NUM
fsr-3281	308	136	%	%	NOUN
fsr-3281	308	137	2011	2011	NUM
fsr-3281	308	138	0.70	0.70	NUM
fsr-3281	308	139	%	%	NOUN
fsr-3281	308	140	0.18	0.18	NUM
fsr-3281	308	141	%	%	NOUN
fsr-3281	308	142	�	�	PROPN
fsr-3281	308	143	3.94	3.94	NUM
fsr-3281	308	144	%	%	NOUN
fsr-3281	308	145	0.06	0.06	NUM
fsr-3281	308	146	%	%	NOUN
fsr-3281	308	147	0.21	0.21	NUM
fsr-3281	308	148	%	%	NOUN
fsr-3281	308	149	0.71	0.71	NUM
fsr-3281	308	150	%	%	NOUN
fsr-3281	308	151	0.67	0.67	NUM
fsr-3281	308	152	%	%	NOUN
fsr-3281	308	153	0.12	0.12	NUM
fsr-3281	308	154	%	%	NOUN
fsr-3281	308	155	0.53	0.53	NUM
fsr-3281	308	156	%	%	NOUN
fsr-3281	308	157	0.73	0.73	NUM
fsr-3281	308	158	%	%	NOUN
fsr-3281	308	159	�	�	NOUN
fsr-3281	308	160	0.04	0.04	NUM
fsr-3281	308	161	%	%	NOUN
fsr-3281	308	162	�	�	NOUN
fsr-3281	308	163	0.04	0.04	NUM
fsr-3281	308	164	%	%	NOUN
fsr-3281	308	165	2010	2010	NUM
fsr-3281	308	166	0.92	0.92	NUM
fsr-3281	308	167	%	%	NOUN
fsr-3281	308	168	0.94	0.94	NUM
fsr-3281	308	169	%	%	NOUN
fsr-3281	308	170	0.45	0.45	NUM
fsr-3281	308	171	%	%	NOUN
fsr-3281	308	172	0.49	0.49	NUM
fsr-3281	308	173	%	%	NOUN
fsr-3281	308	174	0.29	0.29	NUM
fsr-3281	308	175	%	%	NOUN
fsr-3281	308	176	0.16	0.16	NUM
fsr-3281	308	177	%	%	NOUN
fsr-3281	308	178	0.52	0.52	NUM
fsr-3281	308	179	%	%	NOUN
fsr-3281	308	180	0.75	0.75	NUM
fsr-3281	308	181	%	%	NOUN
fsr-3281	308	182	1.17	1.17	NUM
fsr-3281	308	183	%	%	NOUN
fsr-3281	308	184	0.90	0.90	NUM
fsr-3281	308	185	%	%	NOUN
fsr-3281	308	186	0.29	0.29	NUM
fsr-3281	308	187	%	%	NOUN
fsr-3281	308	188	0.42	0.42	NUM
fsr-3281	308	189	%	%	NOUN
fsr-3281	308	190	mean	mean	NOUN
fsr-3281	308	191	0.41	0.41	NUM
fsr-3281	308	192	%	%	NOUN
fsr-3281	308	193	standard	standard	ADJ
fsr-3281	308	194	deviation	deviation	NOUN
fsr-3281	308	195	0.61	0.61	NUM
fsr-3281	308	196	%	%	NOUN
fsr-3281	308	197	maximum	maximum	ADJ
fsr-3281	308	198	1.20	1.20	NUM
fsr-3281	308	199	%	%	NOUN
fsr-3281	308	200	minimum	minimum	ADJ
fsr-3281	308	201	�	�	PROPN
fsr-3281	308	202	3.94	3.94	NUM
fsr-3281	308	203	%	%	NOUN
fsr-3281	308	204	micrix	micrix	NOUN
fsr-3281	308	205	2016	2016	NUM
fsr-3281	308	206	0.54	0.54	NUM
fsr-3281	308	207	%	%	NOUN
fsr-3281	308	208	0.40	0.40	NUM
fsr-3281	308	209	%	%	NOUN
fsr-3281	308	210	0.33	0.33	NUM
fsr-3281	308	211	%	%	NOUN
fsr-3281	308	212	n	n	CCONJ
fsr-3281	308	213	/	/	SYM
fsr-3281	308	214	a	a	DET
fsr-3281	308	215	n	n	NOUN
fsr-3281	308	216	/	/	SYM
fsr-3281	308	217	a	a	DET
fsr-3281	308	218	n	n	NOUN
fsr-3281	308	219	/	/	SYM
fsr-3281	308	220	a	a	DET
fsr-3281	308	221	n	n	NOUN
fsr-3281	308	222	/	/	SYM
fsr-3281	308	223	a	a	DET
fsr-3281	308	224	n	n	NOUN
fsr-3281	308	225	/	/	SYM
fsr-3281	308	226	a	a	DET
fsr-3281	308	227	n	n	NOUN
fsr-3281	308	228	/	/	SYM
fsr-3281	308	229	a	a	DET
fsr-3281	308	230	n	n	NOUN
fsr-3281	308	231	/	/	SYM
fsr-3281	308	232	a	a	DET
fsr-3281	308	233	n	n	NOUN
fsr-3281	308	234	/	/	SYM
fsr-3281	308	235	a	a	DET
fsr-3281	308	236	n	n	NOUN
fsr-3281	308	237	/	/	SYM
fsr-3281	308	238	a	a	DET
fsr-3281	308	239	2015	2015	NUM
fsr-3281	308	240	0.42	0.42	NUM
fsr-3281	308	241	%	%	NOUN
fsr-3281	308	242	0.42	0.42	NUM
fsr-3281	308	243	%	%	NOUN
fsr-3281	308	244	0.32	0.32	NUM
fsr-3281	308	245	%	%	NOUN
fsr-3281	308	246	0.23	0.23	NUM
fsr-3281	308	247	%	%	NOUN
fsr-3281	308	248	0.23	0.23	NUM
fsr-3281	308	249	%	%	NOUN
fsr-3281	308	250	0.61	0.61	NUM
fsr-3281	308	251	%	%	NOUN
fsr-3281	308	252	0.81	0.81	NUM
fsr-3281	308	253	%	%	NOUN
fsr-3281	308	254	2.06	2.06	NUM
fsr-3281	308	255	%	%	NOUN
fsr-3281	308	256	2.74	2.74	NUM
fsr-3281	308	257	%	%	NOUN
fsr-3281	308	258	1.44	1.44	NUM
fsr-3281	308	259	%	%	NOUN
fsr-3281	308	260	0.48	0.48	NUM
fsr-3281	308	261	%	%	NOUN
fsr-3281	308	262	0.42	0.42	NUM
fsr-3281	308	263	%	%	NOUN
fsr-3281	308	264	2014	2014	NUM
fsr-3281	308	265	0.54	0.54	NUM
fsr-3281	308	266	%	%	NOUN
fsr-3281	308	267	0.53	0.53	NUM
fsr-3281	308	268	%	%	NOUN
fsr-3281	308	269	0.40	0.40	NUM
fsr-3281	308	270	%	%	NOUN
fsr-3281	308	271	0.28	0.28	NUM
fsr-3281	308	272	%	%	NOUN
fsr-3281	308	273	0.28	0.28	NUM
fsr-3281	308	274	%	%	NOUN
fsr-3281	308	275	0.70	0.70	NUM
fsr-3281	308	276	%	%	NOUN
fsr-3281	308	277	0.92	0.92	NUM
fsr-3281	308	278	%	%	NOUN
fsr-3281	308	279	2.28	2.28	NUM
fsr-3281	308	280	%	%	NOUN
fsr-3281	308	281	3.03	3.03	NUM
fsr-3281	308	282	%	%	NOUN
fsr-3281	308	283	1.64	1.64	NUM
fsr-3281	308	284	%	%	NOUN
fsr-3281	308	285	0.58	0.58	NUM
fsr-3281	308	286	%	%	NOUN
fsr-3281	308	287	0.52	0.52	NUM
fsr-3281	308	288	%	%	NOUN
fsr-3281	308	289	2013	2013	NUM
fsr-3281	308	290	0.63	0.63	NUM
fsr-3281	308	291	%	%	NOUN
fsr-3281	308	292	0.63	0.63	NUM
fsr-3281	308	293	%	%	NOUN
fsr-3281	308	294	0.48	0.48	NUM
fsr-3281	308	295	%	%	NOUN
fsr-3281	308	296	0.35	0.35	NUM
fsr-3281	308	297	%	%	NOUN
fsr-3281	308	298	0.35	0.35	NUM
fsr-3281	308	299	%	%	NOUN
fsr-3281	308	300	0.91	0.91	NUM
fsr-3281	308	301	%	%	NOUN
fsr-3281	308	302	1.19	1.19	NUM
fsr-3281	308	303	%	%	NOUN
fsr-3281	308	304	2.97	2.97	NUM
fsr-3281	308	305	%	%	NOUN
fsr-3281	308	306	3.95	3.95	NUM
fsr-3281	308	307	%	%	NOUN
fsr-3281	308	308	2.11	2.11	NUM
fsr-3281	308	309	%	%	NOUN
fsr-3281	308	310	0.69	0.69	NUM
fsr-3281	308	311	%	%	NOUN
fsr-3281	308	312	0.61	0.61	NUM
fsr-3281	308	313	%	%	NOUN
fsr-3281	308	314	2012	2012	NUM
fsr-3281	308	315	0.74	0.74	NUM
fsr-3281	308	316	%	%	NOUN
fsr-3281	308	317	0.74	0.74	NUM
fsr-3281	308	318	%	%	NOUN
fsr-3281	308	319	0.56	0.56	NUM
fsr-3281	308	320	%	%	NOUN
fsr-3281	308	321	0.39	0.39	NUM
fsr-3281	308	322	%	%	NOUN
fsr-3281	308	323	0.39	0.39	NUM
fsr-3281	308	324	%	%	NOUN
fsr-3281	308	325	0.99	0.99	NUM
fsr-3281	308	326	%	%	NOUN
fsr-3281	308	327	1.29	1.29	NUM
fsr-3281	308	328	%	%	NOUN
fsr-3281	308	329	3.28	3.28	NUM
fsr-3281	308	330	%	%	NOUN
fsr-3281	308	331	4.42	4.42	NUM
fsr-3281	308	332	%	%	NOUN
fsr-3281	308	333	�	�	NOUN
fsr-3281	308	334	12.39	12.39	NUM
fsr-3281	308	335	%	%	NOUN
fsr-3281	308	336	0.87	0.87	NUM
fsr-3281	308	337	%	%	NOUN
fsr-3281	308	338	0.79	0.79	NUM
fsr-3281	308	339	%	%	NOUN
fsr-3281	308	340	2011	2011	NUM
fsr-3281	308	341	0.58	0.58	NUM
fsr-3281	308	342	%	%	NOUN
fsr-3281	308	343	0.57	0.57	NUM
fsr-3281	308	344	%	%	NOUN
fsr-3281	308	345	�	�	NOUN
fsr-3281	308	346	14.93	14.93	NUM
fsr-3281	308	347	%	%	NOUN
fsr-3281	308	348	0.22	0.22	NUM
fsr-3281	308	349	%	%	NOUN
fsr-3281	308	350	0.22	0.22	NUM
fsr-3281	308	351	%	%	NOUN
fsr-3281	308	352	0.90	0.90	NUM
fsr-3281	308	353	%	%	NOUN
fsr-3281	308	354	1.18	1.18	NUM
fsr-3281	308	355	%	%	NOUN
fsr-3281	308	356	3.29	3.29	NUM
fsr-3281	308	357	%	%	NOUN
fsr-3281	308	358	4.51	4.51	NUM
fsr-3281	308	359	%	%	NOUN
fsr-3281	308	360	2.39	2.39	NUM
fsr-3281	308	361	%	%	NOUN
fsr-3281	308	362	0.64	0.64	NUM
fsr-3281	308	363	%	%	NOUN
fsr-3281	308	364	0.55	0.55	NUM
fsr-3281	308	365	%	%	NOUN
fsr-3281	308	366	2010	2010	NUM
fsr-3281	308	367	0.61	0.61	NUM
fsr-3281	308	368	%	%	NOUN
fsr-3281	308	369	0.60	0.60	NUM
fsr-3281	308	370	%	%	NOUN
fsr-3281	308	371	0.44	0.44	NUM
fsr-3281	308	372	%	%	NOUN
fsr-3281	308	373	0.30	0.30	NUM
fsr-3281	308	374	%	%	NOUN
fsr-3281	308	375	0.30	0.30	NUM
fsr-3281	308	376	%	%	NOUN
fsr-3281	308	377	0.85	0.85	NUM
fsr-3281	308	378	%	%	NOUN
fsr-3281	308	379	1.07	1.07	NUM
fsr-3281	308	380	%	%	NOUN
fsr-3281	308	381	2.75	2.75	NUM
fsr-3281	308	382	%	%	NOUN
fsr-3281	308	383	3.70	3.70	NUM
fsr-3281	308	384	%	%	NOUN
fsr-3281	308	385	2.00	2.00	NUM
fsr-3281	308	386	%	%	NOUN
fsr-3281	308	387	0.66	0.66	NUM
fsr-3281	308	388	%	%	NOUN
fsr-3281	308	389	0.59	0.59	NUM
fsr-3281	308	390	%	%	NOUN
fsr-3281	308	391	mean	mean	NOUN
fsr-3281	308	392	0.72	0.72	NUM
fsr-3281	308	393	%	%	NOUN
fsr-3281	308	394	standard	standard	ADJ
fsr-3281	308	395	deviation	deviation	NOUN
fsr-3281	308	396	2.63	2.63	NUM
fsr-3281	308	397	%	%	NOUN
fsr-3281	308	398	maximum	maximum	ADJ
fsr-3281	308	399	4.51	4.51	NUM
fsr-3281	308	400	%	%	NOUN
fsr-3281	308	401	minimum	minimum	ADJ
fsr-3281	308	402	�	�	PROPN
fsr-3281	308	403	14.93	14.93	NUM
fsr-3281	308	404	%	%	NOUN
fsr-3281	308	405	source	source	NOUN
fsr-3281	308	406	for	for	ADP
fsr-3281	308	407	ils	ils	NOUN
fsr-3281	308	408	index	index	NOUN
fsr-3281	308	409	:	:	PUNCT
fsr-3281	308	410	http://www.artemis.bm/eurekahedge_ils_advisers_insurance_linked_securities_fund	http://www.artemis.bm/eurekahedge_ils_advisers_insurance_linked_securities_fund	PROPN
fsr-3281	308	411	_	_	PUNCT
fsr-3281	308	412	index/	index/	NUM
fsr-3281	308	413	;	;	PUNCT
fsr-3281	308	414	source	source	NOUN
fsr-3281	308	415	for	for	ADP
fsr-3281	308	416	micrix	micrix	PROPN
fsr-3281	308	417	index	index	NOUN
fsr-3281	308	418	:	:	PUNCT
fsr-3281	308	419	http://www.artemis.bm/mercury_micrix/	http://www.artemis.bm/mercury_micrix/	PROPN
fsr-3281	308	420	ils	ils	PROPN
fsr-3281	308	421	�	�	PROPN
fsr-3281	308	422	investment	investment	NOUN
fsr-3281	308	423	linked	link	VERB
fsr-3281	308	424	securities	security	NOUN
fsr-3281	308	425	;	;	PUNCT
fsr-3281	308	426	micrix	micrix	PROPN
fsr-3281	308	427	�	�	PROPN
fsr-3281	308	428	mercury	mercury	PROPN
fsr-3281	308	429	investible	investible	ADJ
fsr-3281	308	430	catastrophe	catastrophe	NOUN
fsr-3281	308	431	risk	risk	NOUN
fsr-3281	308	432	index	index	NOUN
fsr-3281	308	433	.	.	PUNCT
fsr-3281	309	1	317r.j	317r.j	X
fsr-3281	309	2	.	.	PUNCT
fsr-3281	309	3	kish	kish	PROPN
fsr-3281	309	4	/	/	SYM
fsr-3281	309	5	financial	financial	ADJ
fsr-3281	309	6	services	service	NOUN
fsr-3281	309	7	review	review	VERB
fsr-3281	309	8	25	25	NUM
fsr-3281	309	9	(	(	PUNCT
fsr-3281	309	10	2016	2016	NUM
fsr-3281	309	11	)	)	PUNCT
fsr-3281	310	1	303–329	303–329	NUM
fsr-3281	310	2	rated	rate	VERB
fsr-3281	310	3	corporate	corporate	ADJ
fsr-3281	310	4	bond	bond	NOUN
fsr-3281	310	5	index	index	NOUN
fsr-3281	310	6	.	.	PUNCT
fsr-3281	311	1	the	the	DET
fsr-3281	311	2	highest	high	ADJ
fsr-3281	311	3	monthly	monthly	ADJ
fsr-3281	311	4	return	return	NOUN
fsr-3281	311	5	during	during	ADP
fsr-3281	311	6	the	the	DET
fsr-3281	311	7	1/2010–3/2016	1/2010–3/2016	NUM
fsr-3281	311	8	period	period	NOUN
fsr-3281	311	9	for	for	ADP
fsr-3281	311	10	the	the	DET
fsr-3281	311	11	bb	bb	PROPN
fsr-3281	311	12	,	,	PUNCT
fsr-3281	311	13	b	b	NOUN
fsr-3281	311	14	,	,	PUNCT
fsr-3281	311	15	and	and	CCONJ
fsr-3281	311	16	ccc	ccc	PROPN
fsr-3281	311	17	bonds	bond	NOUN
fsr-3281	311	18	are	be	AUX
fsr-3281	311	19	4.07	4.07	NUM
fsr-3281	311	20	%	%	NOUN
fsr-3281	311	21	,	,	PUNCT
fsr-3281	311	22	4.00	4.00	NUM
fsr-3281	311	23	%	%	NOUN
fsr-3281	311	24	,	,	PUNCT
fsr-3281	311	25	and	and	CCONJ
fsr-3281	311	26	10.03	10.03	NUM
fsr-3281	311	27	%	%	NOUN
fsr-3281	311	28	,	,	PUNCT
fsr-3281	311	29	respectively	respectively	ADV
fsr-3281	311	30	.	.	PUNCT
fsr-3281	312	1	however	however	ADV
fsr-3281	312	2	,	,	PUNCT
fsr-3281	312	3	this	this	PRON
fsr-3281	312	4	is	be	AUX
fsr-3281	312	5	contracted	contract	VERB
fsr-3281	312	6	with	with	ADP
fsr-3281	312	7	the	the	DET
fsr-3281	312	8	lowest	low	ADJ
fsr-3281	312	9	returns	return	NOUN
fsr-3281	312	10	over	over	ADP
fsr-3281	312	11	the	the	DET
fsr-3281	312	12	same	same	ADJ
fsr-3281	312	13	period	period	NOUN
fsr-3281	312	14	of	of	ADP
fsr-3281	312	15	�	�	NOUN
fsr-3281	312	16	2.67	2.67	NUM
fsr-3281	312	17	%	%	NOUN
fsr-3281	312	18	,	,	PUNCT
fsr-3281	312	19	�	�	PROPN
fsr-3281	312	20	2.85	2.85	NUM
fsr-3281	312	21	%	%	NOUN
fsr-3281	312	22	,	,	PUNCT
fsr-3281	312	23	and	and	CCONJ
fsr-3281	312	24	�	�	PROPN
fsr-3281	312	25	6.54	6.54	NUM
fsr-3281	312	26	%	%	NOUN
fsr-3281	312	27	.	.	PUNCT
fsr-3281	313	1	the	the	DET
fsr-3281	313	2	mean	mean	ADJ
fsr-3281	313	3	monthly	monthly	ADJ
fsr-3281	313	4	returns	return	NOUN
fsr-3281	313	5	(	(	PUNCT
fsr-3281	313	6	standard	standard	ADJ
fsr-3281	313	7	deviations	deviation	NOUN
fsr-3281	313	8	)	)	PUNCT
fsr-3281	313	9	for	for	ADP
fsr-3281	313	10	these	these	DET
fsr-3281	313	11	three	three	NUM
fsr-3281	313	12	indices	index	NOUN
fsr-3281	313	13	are	be	AUX
fsr-3281	313	14	0.54	0.54	NUM
fsr-3281	313	15	%	%	NOUN
fsr-3281	313	16	(	(	PUNCT
fsr-3281	313	17	1.20	1.20	NUM
fsr-3281	313	18	%	%	NOUN
fsr-3281	313	19	)	)	PUNCT
fsr-3281	313	20	,	,	PUNCT
fsr-3281	313	21	0.45	0.45	NUM
fsr-3281	313	22	%	%	NOUN
fsr-3281	313	23	(	(	PUNCT
fsr-3281	313	24	1.43	1.43	NUM
fsr-3281	313	25	%	%	NOUN
fsr-3281	313	26	)	)	PUNCT
fsr-3281	313	27	,	,	PUNCT
fsr-3281	313	28	and	and	CCONJ
fsr-3281	313	29	0.47	0.47	NUM
fsr-3281	313	30	%	%	NOUN
fsr-3281	313	31	(	(	PUNCT
fsr-3281	313	32	2.83	2.83	NUM
fsr-3281	313	33	%	%	NOUN
fsr-3281	313	34	)	)	PUNCT
fsr-3281	313	35	,	,	PUNCT
fsr-3281	313	36	respectively	respectively	ADV
fsr-3281	313	37	,	,	PUNCT
fsr-3281	313	38	for	for	ADP
fsr-3281	313	39	the	the	DET
fsr-3281	313	40	bb	bb	PROPN
fsr-3281	313	41	,	,	PUNCT
fsr-3281	313	42	b	b	NOUN
fsr-3281	313	43	,	,	PUNCT
fsr-3281	313	44	and	and	CCONJ
fsr-3281	313	45	ccc	ccc	PROPN
fsr-3281	313	46	indices	index	NOUN
fsr-3281	313	47	,	,	PUNCT
fsr-3281	313	48	which	which	PRON
fsr-3281	313	49	is	be	AUX
fsr-3281	313	50	similar	similar	ADJ
fsr-3281	313	51	to	to	ADP
fsr-3281	313	52	the	the	DET
fsr-3281	313	53	cat	cat	NOUN
fsr-3281	313	54	proxies	proxy	NOUN
fsr-3281	313	55	(	(	PUNCT
fsr-3281	313	56	ils	ils	X
fsr-3281	313	57	and	and	CCONJ
fsr-3281	313	58	micrix	micrix	NOUN
fsr-3281	313	59	)	)	PUNCT
fsr-3281	313	60	.	.	PUNCT
fsr-3281	314	1	these	these	DET
fsr-3281	314	2	three	three	NUM
fsr-3281	314	3	ml	ml	NOUN
fsr-3281	314	4	indices	index	NOUN
fsr-3281	314	5	are	be	AUX
fsr-3281	314	6	highly	highly	ADV
fsr-3281	314	7	correlated	correlate	VERB
fsr-3281	314	8	with	with	ADP
fsr-3281	314	9	each	each	DET
fsr-3281	314	10	other	other	ADJ
fsr-3281	314	11	(	(	PUNCT
fsr-3281	314	12	bb	bb	INTJ
fsr-3281	314	13	with	with	ADP
fsr-3281	314	14	b	b	NOUN
fsr-3281	314	15	0.89	0.89	NUM
fsr-3281	314	16	;	;	PUNCT
fsr-3281	314	17	bb	bb	NOUN
fsr-3281	314	18	with	with	ADP
fsr-3281	314	19	ccc	ccc	PROPN
fsr-3281	314	20	0.77	0.77	NUM
fsr-3281	314	21	;	;	PUNCT
fsr-3281	314	22	and	and	CCONJ
fsr-3281	314	23	b	b	X
fsr-3281	314	24	with	with	ADP
fsr-3281	314	25	ccc	ccc	PROPN
fsr-3281	314	26	0.93	0.93	NUM
fsr-3281	314	27	)	)	PUNCT
fsr-3281	314	28	as	as	SCONJ
fsr-3281	314	29	expected	expect	VERB
fsr-3281	314	30	for	for	ADP
fsr-3281	314	31	three	three	NUM
fsr-3281	314	32	noninvestment	noninvestment	ADJ
fsr-3281	314	33	grade	grade	NOUN
fsr-3281	314	34	bond	bond	NOUN
fsr-3281	314	35	indices	index	NOUN
fsr-3281	314	36	.	.	PUNCT
fsr-3281	315	1	the	the	DET
fsr-3281	315	2	correlations	correlation	NOUN
fsr-3281	315	3	are	be	AUX
fsr-3281	315	4	summarized	summarize	VERB
fsr-3281	315	5	in	in	ADP
fsr-3281	315	6	table	table	NOUN
fsr-3281	315	7	8	8	NUM
fsr-3281	315	8	.	.	PUNCT
fsr-3281	315	9	because	because	SCONJ
fsr-3281	315	10	we	we	PRON
fsr-3281	315	11	wish	wish	VERB
fsr-3281	315	12	to	to	PART
fsr-3281	315	13	compare	compare	VERB
fsr-3281	315	14	results	result	NOUN
fsr-3281	315	15	(	(	PUNCT
fsr-3281	315	16	monthly	monthly	ADJ
fsr-3281	315	17	returns	return	NOUN
fsr-3281	315	18	from	from	ADP
fsr-3281	315	19	cat	cat	NOUN
fsr-3281	315	20	proxies	proxy	NOUN
fsr-3281	315	21	and	and	CCONJ
fsr-3281	315	22	the	the	DET
fsr-3281	315	23	ml	ml	X
fsr-3281	315	24	speculative	speculative	ADJ
fsr-3281	315	25	bond	bond	NOUN
fsr-3281	315	26	indices	index	NOUN
fsr-3281	315	27	)	)	PUNCT
fsr-3281	315	28	by	by	ADP
fsr-3281	315	29	matched	match	VERB
fsr-3281	315	30	time	time	NOUN
fsr-3281	315	31	periods	period	NOUN
fsr-3281	315	32	,	,	PUNCT
fsr-3281	315	33	our	our	PRON
fsr-3281	315	34	analysis	analysis	NOUN
fsr-3281	315	35	focuses	focus	VERB
fsr-3281	315	36	on	on	ADP
fsr-3281	315	37	the	the	DET
fsr-3281	315	38	inferences	inference	NOUN
fsr-3281	315	39	about	about	ADP
fsr-3281	315	40	the	the	DET
fsr-3281	315	41	mean	mean	NOUN
fsr-3281	315	42	of	of	ADP
fsr-3281	315	43	the	the	DET
fsr-3281	315	44	differences	difference	NOUN
fsr-3281	315	45	between	between	ADP
fsr-3281	315	46	the	the	DET
fsr-3281	315	47	two	two	NUM
fsr-3281	315	48	populations	population	NOUN
fsr-3281	315	49	in	in	ADP
fsr-3281	315	50	a	a	DET
fsr-3281	315	51	paired	pair	VERB
fsr-3281	315	52	difference	difference	NOUN
fsr-3281	315	53	tests.23	tests.23	NUM
fsr-3281	315	54	for	for	ADP
fsr-3281	315	55	this	this	DET
fsr-3281	315	56	test	test	NOUN
fsr-3281	315	57	of	of	ADP
fsr-3281	315	58	the	the	DET
fsr-3281	315	59	mean	mean	NOUN
fsr-3281	315	60	of	of	ADP
fsr-3281	315	61	the	the	DET
fsr-3281	315	62	differences	difference	NOUN
fsr-3281	315	63	,	,	PUNCT
fsr-3281	315	64	our	our	PRON
fsr-3281	315	65	null	null	ADJ
fsr-3281	315	66	hypothesis	hypothesis	NOUN
fsr-3281	315	67	test	test	NOUN
fsr-3281	315	68	forecasts	forecast	VERB
fsr-3281	315	69	no	no	DET
fsr-3281	315	70	difference	difference	NOUN
fsr-3281	315	71	between	between	ADP
fsr-3281	315	72	the	the	DET
fsr-3281	315	73	monthly	monthly	ADJ
fsr-3281	315	74	returns	return	NOUN
fsr-3281	315	75	of	of	ADP
fsr-3281	315	76	the	the	DET
fsr-3281	315	77	junk	junk	NOUN
fsr-3281	315	78	bond	bond	NOUN
fsr-3281	315	79	indices	index	NOUN
fsr-3281	315	80	and	and	CCONJ
fsr-3281	315	81	the	the	DET
fsr-3281	315	82	cat	cat	NOUN
fsr-3281	315	83	bond	bond	NOUN
fsr-3281	315	84	indices	indice	VERB
fsr-3281	315	85	as	as	ADP
fsr-3281	315	86	:	:	PUNCT
fsr-3281	315	87	table	table	NOUN
fsr-3281	315	88	5	5	NUM
fsr-3281	315	89	summary	summary	NOUN
fsr-3281	315	90	statistics	statistic	NOUN
fsr-3281	315	91	for	for	ADP
fsr-3281	315	92	catastrophe	catastrophe	NOUN
fsr-3281	315	93	(	(	PUNCT
fsr-3281	315	94	cat	cat	NOUN
fsr-3281	315	95	)	)	PUNCT
fsr-3281	315	96	indices	indice	VERB
fsr-3281	315	97	period	period	NOUN
fsr-3281	315	98	statistic	statistic	PROPN
fsr-3281	315	99	ils	ils	X
fsr-3281	315	100	micrix	micrix	NOUN
fsr-3281	315	101	swiss	swiss	PROPN
fsr-3281	315	102	bb	bb	PROPN
fsr-3281	315	103	swiss	swiss	PROPN
fsr-3281	315	104	g	g	PROPN
fsr-3281	315	105	swiss	swiss	VERB
fsr-3281	315	106	us	we	PRON
fsr-3281	315	107	whole	whole	ADJ
fsr-3281	315	108	mean	mean	VERB
fsr-3281	315	109	0.41	0.41	NUM
fsr-3281	315	110	%	%	NOUN
fsr-3281	315	111	0.72	0.72	NUM
fsr-3281	315	112	%	%	NOUN
fsr-3281	315	113	0.48	0.48	NUM
fsr-3281	315	114	%	%	NOUN
fsr-3281	315	115	0.61	0.61	NUM
fsr-3281	315	116	%	%	NOUN
fsr-3281	315	117	0.63	0.63	NUM
fsr-3281	315	118	%	%	NOUN
fsr-3281	315	119	�	�	PROPN
fsr-3281	315	120	0.61	0.61	NUM
fsr-3281	315	121	%	%	NOUN
fsr-3281	315	122	2.63	2.63	NUM
fsr-3281	315	123	%	%	NOUN
fsr-3281	315	124	0.90	0.90	NUM
fsr-3281	315	125	%	%	NOUN
fsr-3281	315	126	0.80	0.80	NUM
fsr-3281	315	127	%	%	NOUN
fsr-3281	315	128	0.88	0.88	NUM
fsr-3281	315	129	%	%	NOUN
fsr-3281	315	130	max	max	NOUN
fsr-3281	315	131	1.20	1.20	NUM
fsr-3281	315	132	%	%	NOUN
fsr-3281	315	133	4.51	4.51	NUM
fsr-3281	315	134	%	%	NOUN
fsr-3281	315	135	2.55	2.55	NUM
fsr-3281	315	136	%	%	NOUN
fsr-3281	315	137	2.23	2.23	NUM
fsr-3281	315	138	%	%	NOUN
fsr-3281	315	139	2.45	2.45	NUM
fsr-3281	315	140	%	%	NOUN
fsr-3281	315	141	min	min	PROPN
fsr-3281	315	142	�	�	PROPN
fsr-3281	315	143	3.94	3.94	NUM
fsr-3281	315	144	%	%	NOUN
fsr-3281	315	145	�	�	NOUN
fsr-3281	315	146	14.93	14.93	NUM
fsr-3281	315	147	%	%	NOUN
fsr-3281	315	148	�	�	NOUN
fsr-3281	315	149	4.89	4.89	NUM
fsr-3281	315	150	%	%	NOUN
fsr-3281	315	151	�	�	PROPN
fsr-3281	315	152	3.56	3.56	NUM
fsr-3281	315	153	%	%	NOUN
fsr-3281	315	154	�	�	PROPN
fsr-3281	315	155	3.92	3.92	NUM
fsr-3281	315	156	%	%	NOUN
fsr-3281	315	157	#	#	NOUN
fsr-3281	315	158	positive	positive	ADJ
fsr-3281	316	1	71	71	NUM
fsr-3281	316	2	73	73	NUM
fsr-3281	316	3	64	64	NUM
fsr-3281	316	4	68	68	NUM
fsr-3281	316	5	66	66	NUM
fsr-3281	316	6	sharpe	sharpe	NOUN
fsr-3281	316	7	0.1897	0.1897	NUM
fsr-3281	316	8	0.1605	0.1605	NUM
fsr-3281	316	9	0.1963	0.1963	NUM
fsr-3281	316	10	0.3894	0.3894	NUM
fsr-3281	316	11	0.3714	0.3714	NUM
fsr-3281	316	12	count	count	NOUN
fsr-3281	316	13	75	75	NUM
fsr-3281	316	14	75	75	NUM
fsr-3281	316	15	75	75	NUM
fsr-3281	316	16	75	75	NUM
fsr-3281	316	17	75	75	NUM
fsr-3281	316	18	1	1	NUM
fsr-3281	316	19	year	year	NOUN
fsr-3281	316	20	mean	mean	NOUN
fsr-3281	316	21	0.35	0.35	NUM
fsr-3281	316	22	%	%	NOUN
fsr-3281	316	23	0.85	0.85	NUM
fsr-3281	316	24	%	%	NOUN
fsr-3281	316	25	0.27	0.27	NUM
fsr-3281	316	26	%	%	NOUN
fsr-3281	316	27	0.35	0.35	NUM
fsr-3281	316	28	%	%	NOUN
fsr-3281	316	29	0.36	0.36	NUM
fsr-3281	316	30	%	%	NOUN
fsr-3281	316	31	�	�	PROPN
fsr-3281	316	32	0.30	0.30	NUM
fsr-3281	316	33	%	%	NOUN
fsr-3281	316	34	0.81	0.81	NUM
fsr-3281	316	35	%	%	NOUN
fsr-3281	316	36	0.48	0.48	NUM
fsr-3281	316	37	%	%	NOUN
fsr-3281	316	38	0.48	0.48	NUM
fsr-3281	316	39	%	%	NOUN
fsr-3281	316	40	0.53	0.53	NUM
fsr-3281	316	41	%	%	NOUN
fsr-3281	316	42	sharpe	sharpe	NOUN
fsr-3281	316	43	0.8890	0.8890	NUM
fsr-3281	316	44	0.9471	0.9471	NUM
fsr-3281	316	45	0.3886	0.3886	NUM
fsr-3281	316	46	0.5482	0.5482	NUM
fsr-3281	316	47	0.5302	0.5302	NUM
fsr-3281	316	48	#	#	NOUN
fsr-3281	316	49	positive	positive	ADJ
fsr-3281	316	50	12	12	NUM
fsr-3281	316	51	12	12	NUM
fsr-3281	316	52	8	8	NUM
fsr-3281	316	53	10	10	NUM
fsr-3281	316	54	9	9	NUM
fsr-3281	316	55	2	2	NUM
fsr-3281	316	56	years	year	NOUN
fsr-3281	316	57	mean	mean	VERB
fsr-3281	316	58	0.40	0.40	NUM
fsr-3281	316	59	%	%	NOUN
fsr-3281	316	60	0.91	0.91	NUM
fsr-3281	316	61	%	%	NOUN
fsr-3281	316	62	0.31	0.31	NUM
fsr-3281	316	63	%	%	NOUN
fsr-3281	316	64	0.42	0.42	NUM
fsr-3281	316	65	%	%	NOUN
fsr-3281	316	66	0.44	0.44	NUM
fsr-3281	316	67	%	%	NOUN
fsr-3281	316	68	�	�	PROPN
fsr-3281	316	69	0.27	0.27	NUM
fsr-3281	316	70	%	%	NOUN
fsr-3281	316	71	0.83	0.83	NUM
fsr-3281	316	72	%	%	NOUN
fsr-3281	316	73	0.44	0.44	NUM
fsr-3281	316	74	%	%	NOUN
fsr-3281	316	75	0.44	0.44	NUM
fsr-3281	316	76	%	%	NOUN
fsr-3281	316	77	0.48	0.48	NUM
fsr-3281	316	78	%	%	NOUN
fsr-3281	316	79	sharpe	sharpe	NOUN
fsr-3281	316	80	0.3976	0.3976	NUM
fsr-3281	316	81	0.7529	0.7529	NUM
fsr-3281	316	82	0.0412	0.0412	NUM
fsr-3281	316	83	0.2926	0.2926	NUM
fsr-3281	316	84	0.3127	0.3127	NUM
fsr-3281	316	85	#	#	NOUN
fsr-3281	316	86	positive	positive	ADJ
fsr-3281	316	87	24	24	NUM
fsr-3281	316	88	24	24	NUM
fsr-3281	316	89	17	17	NUM
fsr-3281	316	90	21	21	NUM
fsr-3281	316	91	20	20	NUM
fsr-3281	316	92	3	3	NUM
fsr-3281	316	93	years	year	NOUN
fsr-3281	316	94	mean	mean	VERB
fsr-3281	316	95	0.47	0.47	NUM
fsr-3281	316	96	%	%	NOUN
fsr-3281	316	97	1.02	1.02	NUM
fsr-3281	316	98	%	%	NOUN
fsr-3281	316	99	0.41	0.41	NUM
fsr-3281	316	100	%	%	NOUN
fsr-3281	316	101	0.57	0.57	NUM
fsr-3281	316	102	%	%	NOUN
fsr-3281	316	103	0.60	0.60	NUM
fsr-3281	316	104	%	%	NOUN
fsr-3281	316	105	�	�	NOUN
fsr-3281	316	106	0.30	0.30	NUM
fsr-3281	316	107	%	%	NOUN
fsr-3281	316	108	0.95	0.95	NUM
fsr-3281	316	109	%	%	NOUN
fsr-3281	316	110	0.45	0.45	NUM
fsr-3281	316	111	%	%	NOUN
fsr-3281	316	112	0.49	0.49	NUM
fsr-3281	316	113	%	%	NOUN
fsr-3281	316	114	0.53	0.53	NUM
fsr-3281	316	115	%	%	NOUN
fsr-3281	316	116	sharpe	sharpe	NOUN
fsr-3281	316	117	1.2346	1.2346	NUM
fsr-3281	316	118	0.9682	0.9682	NUM
fsr-3281	316	119	0.6873	0.6873	NUM
fsr-3281	316	120	0.9493	0.9493	NUM
fsr-3281	317	1	0.9223	0.9223	NUM
fsr-3281	317	2	#	#	NOUN
fsr-3281	317	3	positive	positive	ADJ
fsr-3281	317	4	36	36	NUM
fsr-3281	317	5	36	36	NUM
fsr-3281	317	6	29	29	NUM
fsr-3281	317	7	33	33	NUM
fsr-3281	317	8	32	32	NUM
fsr-3281	317	9	4	4	NUM
fsr-3281	317	10	years	year	NOUN
fsr-3281	317	11	mean	mean	VERB
fsr-3281	317	12	0.47	0.47	NUM
fsr-3281	317	13	%	%	NOUN
fsr-3281	317	14	0.81	0.81	NUM
fsr-3281	317	15	%	%	NOUN
fsr-3281	317	16	0.46	0.46	NUM
fsr-3281	317	17	%	%	NOUN
fsr-3281	317	18	0.63	0.63	NUM
fsr-3281	317	19	%	%	NOUN
fsr-3281	317	20	0.66	0.66	NUM
fsr-3281	317	21	%	%	NOUN
fsr-3281	317	22	�	�	PROPN
fsr-3281	317	23	0.34	0.34	NUM
fsr-3281	317	24	%	%	NOUN
fsr-3281	317	25	2.20	2.20	NUM
fsr-3281	317	26	%	%	NOUN
fsr-3281	317	27	0.58	0.58	NUM
fsr-3281	317	28	%	%	NOUN
fsr-3281	317	29	0.63	0.63	NUM
fsr-3281	317	30	%	%	NOUN
fsr-3281	317	31	0.69	0.69	NUM
fsr-3281	317	32	%	%	NOUN
fsr-3281	317	33	sharpe	sharpe	NOUN
fsr-3281	317	34	1.0441	1.0441	NUM
fsr-3281	317	35	0.3130	0.3130	NUM
fsr-3281	317	36	0.5864	0.5864	NUM
fsr-3281	317	37	0.8053	0.8053	NUM
fsr-3281	317	38	0.7723	0.7723	NUM
fsr-3281	317	39	#	#	NOUN
fsr-3281	317	40	positive	positive	ADJ
fsr-3281	317	41	47	47	NUM
fsr-3281	317	42	47	47	NUM
fsr-3281	317	43	39	39	NUM
fsr-3281	317	44	43	43	NUM
fsr-3281	317	45	42	42	NUM
fsr-3281	317	46	5	5	NUM
fsr-3281	317	47	years	year	NOUN
fsr-3281	317	48	mean	mean	VERB
fsr-3281	317	49	0.38	0.38	NUM
fsr-3281	317	50	%	%	NOUN
fsr-3281	317	51	0.65	0.65	NUM
fsr-3281	317	52	%	%	NOUN
fsr-3281	317	53	0.42	0.42	NUM
fsr-3281	317	54	%	%	NOUN
fsr-3281	317	55	0.57	0.57	NUM
fsr-3281	317	56	%	%	NOUN
fsr-3281	317	57	0.58	0.58	NUM
fsr-3281	317	58	%	%	NOUN
fsr-3281	317	59	�	�	PROPN
fsr-3281	317	60	0.66	0.66	NUM
fsr-3281	317	61	%	%	NOUN
fsr-3281	317	62	2.90	2.90	NUM
fsr-3281	317	63	%	%	NOUN
fsr-3281	317	64	0.92	0.92	NUM
fsr-3281	317	65	%	%	NOUN
fsr-3281	317	66	0.81	0.81	NUM
fsr-3281	317	67	%	%	NOUN
fsr-3281	317	68	0.89	0.89	NUM
fsr-3281	317	69	%	%	NOUN
fsr-3281	317	70	sharpe	sharpe	NOUN
fsr-3281	317	71	0.1993	0.1993	NUM
fsr-3281	317	72	0.1389	0.1389	NUM
fsr-3281	317	73	0.1894	0.1894	NUM
fsr-3281	317	74	0.3941	0.3941	NUM
fsr-3281	317	75	0.3761	0.3761	NUM
fsr-3281	317	76	#	#	NOUN
fsr-3281	317	77	positive	positive	ADJ
fsr-3281	317	78	51	51	NUM
fsr-3281	317	79	53	53	NUM
fsr-3281	317	80	45	45	NUM
fsr-3281	317	81	49	49	NUM
fsr-3281	317	82	47	47	NUM
fsr-3281	317	83	6	6	NUM
fsr-3281	317	84	years	year	NOUN
fsr-3281	317	85	mean	mean	VERB
fsr-3281	317	86	0.42	0.42	NUM
fsr-3281	317	87	%	%	NOUN
fsr-3281	317	88	0.73	0.73	NUM
fsr-3281	317	89	%	%	NOUN
fsr-3281	317	90	0.48	0.48	NUM
fsr-3281	317	91	%	%	NOUN
fsr-3281	317	92	0.62	0.62	NUM
fsr-3281	317	93	%	%	NOUN
fsr-3281	317	94	0.63	0.63	NUM
fsr-3281	317	95	%	%	NOUN
fsr-3281	317	96	�	�	PROPN
fsr-3281	317	97	0.62	0.62	NUM
fsr-3281	317	98	%	%	NOUN
fsr-3281	317	99	2.69	2.69	NUM
fsr-3281	317	100	%	%	NOUN
fsr-3281	317	101	0.91	0.91	NUM
fsr-3281	317	102	%	%	NOUN
fsr-3281	317	103	0.82	0.82	NUM
fsr-3281	317	104	%	%	NOUN
fsr-3281	318	1	0.90	0.90	NUM
fsr-3281	318	2	%	%	NOUN
fsr-3281	318	3	sharpe	sharpe	NOUN
fsr-3281	318	4	0.2376	0.2376	PROPN
fsr-3281	318	5	0.1731	0.1731	NUM
fsr-3281	318	6	0.2334	0.2334	NUM
fsr-3281	318	7	0.4305	0.4305	NUM
fsr-3281	318	8	0.4085	0.4085	NUM
fsr-3281	318	9	#	#	NOUN
fsr-3281	318	10	positive	positive	ADJ
fsr-3281	318	11	68	68	NUM
fsr-3281	318	12	70	70	NUM
fsr-3281	318	13	61	61	NUM
fsr-3281	318	14	65	65	NUM
fsr-3281	318	15	63	63	NUM
fsr-3281	318	16	note	note	NOUN
fsr-3281	318	17	:	:	PUNCT
fsr-3281	318	18	1	1	NUM
fsr-3281	318	19	year	year	NOUN
fsr-3281	318	20	period	period	NOUN
fsr-3281	318	21	(	(	PUNCT
fsr-3281	318	22	1/2015–12/2015	1/2015–12/2015	NUM
fsr-3281	318	23	)	)	PUNCT
fsr-3281	318	24	;	;	PUNCT
fsr-3281	318	25	2	2	NUM
fsr-3281	318	26	year	year	NOUN
fsr-3281	318	27	period	period	NOUN
fsr-3281	318	28	(	(	PUNCT
fsr-3281	318	29	1/2014–12/2015	1/2014–12/2015	NUM
fsr-3281	318	30	)	)	PUNCT
fsr-3281	318	31	;	;	PUNCT
fsr-3281	318	32	3	3	NUM
fsr-3281	318	33	year	year	NOUN
fsr-3281	318	34	period	period	NOUN
fsr-3281	318	35	(	(	PUNCT
fsr-3281	318	36	1/2013–12/2015	1/2013–12/2015	NOUN
fsr-3281	318	37	)	)	PUNCT
fsr-3281	318	38	;	;	PUNCT
fsr-3281	318	39	4	4	NUM
fsr-3281	318	40	year	year	NOUN
fsr-3281	318	41	period	period	NOUN
fsr-3281	318	42	(	(	PUNCT
fsr-3281	318	43	1/2012–12/2015	1/2012–12/2015	NOUN
fsr-3281	318	44	)	)	PUNCT
fsr-3281	318	45	;	;	PUNCT
fsr-3281	318	46	5	5	NUM
fsr-3281	318	47	year	year	NOUN
fsr-3281	318	48	period	period	NOUN
fsr-3281	318	49	(	(	PUNCT
fsr-3281	318	50	1/2011–12/2015	1/2011–12/2015	NUM
fsr-3281	318	51	)	)	PUNCT
fsr-3281	318	52	;	;	PUNCT
fsr-3281	318	53	6	6	NUM
fsr-3281	318	54	year	year	NOUN
fsr-3281	318	55	period	period	NOUN
fsr-3281	318	56	(	(	PUNCT
fsr-3281	318	57	1/2010–12/2015	1/2010–12/2015	NOUN
fsr-3281	318	58	)	)	PUNCT
fsr-3281	318	59	;	;	PUNCT
fsr-3281	318	60	and	and	CCONJ
fsr-3281	318	61	whole	whole	ADJ
fsr-3281	318	62	period	period	NOUN
fsr-3281	318	63	(	(	PUNCT
fsr-3281	318	64	1/2010–3/2016	1/2010–3/2016	NUM
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fsr-3281	319	5	securities	security	NOUN
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fsr-3281	320	1	318	318	NUM
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fsr-3281	320	9	25	25	NUM
fsr-3281	320	10	(	(	PUNCT
fsr-3281	320	11	2016	2016	NUM
fsr-3281	320	12	)	)	PUNCT
fsr-3281	321	1	303–329	303–329	NUM
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fsr-3281	330	8	.	.	SYM
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fsr-3281	330	32	.	.	PUNCT
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fsr-3281	331	4	.	.	X
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fsr-3281	331	17	.	.	PUNCT
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fsr-3281	332	5	.	.	PUNCT
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fsr-3281	332	9	.	.	NUM
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fsr-3281	332	11	%	%	NOUN
fsr-3281	332	12	�	�	PROPN
fsr-3281	332	13	0	0	NUM
fsr-3281	332	14	.	.	X
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fsr-3281	332	16	%	%	NOUN
fsr-3281	332	17	�	�	PROPN
fsr-3281	332	18	1	1	NUM
fsr-3281	332	19	.	.	NOUN
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fsr-3281	332	21	%	%	NOUN
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fsr-3281	332	23	.	.	SYM
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fsr-3281	332	25	%	%	NOUN
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fsr-3281	332	28	.	.	NOUN
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fsr-3281	333	3	1	1	NUM
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fsr-3281	333	20	%	%	NOUN
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fsr-3281	334	13	.	.	PUNCT
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fsr-3281	334	25	1	1	NUM
fsr-3281	334	26	.	.	NUM
fsr-3281	334	27	26	26	NUM
fsr-3281	334	28	%	%	NOUN
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fsr-3281	334	30	0	0	NUM
fsr-3281	334	31	.	.	PROPN
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fsr-3281	334	33	%	%	NOUN
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fsr-3281	334	35	0	0	NUM
fsr-3281	334	36	.	.	PUNCT
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fsr-3281	334	42	.	.	PUNCT
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fsr-3281	334	46	.	.	NOUN
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fsr-3281	336	6	%	%	NOUN
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fsr-3281	336	20	%	%	NOUN
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fsr-3281	336	22	.	.	PUNCT
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fsr-3281	336	24	%	%	NOUN
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fsr-3281	336	26	.	.	PUNCT
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fsr-3281	338	6	.	.	PUNCT
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fsr-3281	338	9	1	1	NUM
fsr-3281	338	10	.	.	X
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fsr-3281	338	20	%	%	NOUN
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fsr-3281	338	29	%	%	NOUN
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fsr-3281	342	26	.	.	X
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fsr-3281	343	36	a	a	DET
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fsr-3281	343	40	a	a	DET
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fsr-3281	343	42	a	a	DET
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fsr-3281	343	44	a	a	DET
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fsr-3281	343	46	a	a	DET
fsr-3281	343	47	n/	n/	ADV
fsr-3281	343	48	a	a	DET
fsr-3281	343	49	n/	n/	ADV
fsr-3281	343	50	a	a	DET
fsr-3281	343	51	n/	n/	ADV
fsr-3281	343	52	a	a	DET
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fsr-3281	343	63	%	%	NOUN
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fsr-3281	343	66	.	.	PUNCT
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fsr-3281	343	74	.	.	X
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fsr-3281	344	5	.	.	PROPN
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fsr-3281	344	24	.	.	X
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fsr-3281	344	40	.	.	PUNCT
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fsr-3281	344	48	.	.	PUNCT
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fsr-3281	344	52	.	.	PUNCT
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fsr-3281	345	8	.	.	X
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fsr-3281	345	18	.	.	X
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fsr-3281	345	24	.	.	PUNCT
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fsr-3281	347	20	.	.	PUNCT
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fsr-3281	357	25	.	.	PUNCT
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fsr-3281	358	8	.	.	X
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fsr-3281	358	17	.	.	X
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fsr-3281	360	27	a	a	DET
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fsr-3281	360	29	a	a	DET
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fsr-3281	360	31	a	a	DET
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fsr-3281	360	51	.	.	PUNCT
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fsr-3281	361	13	.	.	X
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fsr-3281	361	30	%	%	NOUN
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fsr-3281	361	48	.	.	PUNCT
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fsr-3281	361	52	.	.	PUNCT
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fsr-3281	361	54	%	%	NOUN
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fsr-3281	361	56	.	.	PROPN
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fsr-3281	361	58	%	%	NOUN
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fsr-3281	361	62	%	%	NOUN
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fsr-3281	361	64	.	.	PUNCT
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fsr-3281	361	68	.	.	X
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fsr-3281	361	73	.	.	PUNCT
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fsr-3281	361	75	%	%	NOUN
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fsr-3281	361	77	.	.	PROPN
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fsr-3281	361	79	%	%	NOUN
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fsr-3281	361	82	.	.	NUM
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fsr-3281	361	84	%	%	NOUN
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fsr-3281	361	86	1	1	NUM
fsr-3281	361	87	.	.	X
fsr-3281	361	88	16	16	NUM
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fsr-3281	361	92	.	.	PROPN
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fsr-3281	361	94	%	%	NOUN
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fsr-3281	361	96	3	3	NUM
fsr-3281	361	97	.	.	NOUN
fsr-3281	361	98	07	07	NUM
fsr-3281	361	99	%	%	NOUN
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fsr-3281	361	103	.	.	NOUN
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fsr-3281	361	105	%	%	NOUN
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fsr-3281	361	107	.	.	PUNCT
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fsr-3281	361	109	%	%	NOUN
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fsr-3281	361	111	.	.	NOUN
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fsr-3281	361	113	%	%	NOUN
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fsr-3281	361	115	.	.	NOUN
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fsr-3281	361	117	%	%	NOUN
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fsr-3281	361	119	.	.	X
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fsr-3281	361	121	%	%	NOUN
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fsr-3281	361	123	1	1	NUM
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fsr-3281	361	126	%	%	NOUN
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fsr-3281	361	128	.	.	NOUN
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fsr-3281	361	130	%	%	NOUN
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fsr-3281	361	132	.	.	PROPN
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fsr-3281	361	134	%	%	NOUN
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fsr-3281	361	136	.	.	PUNCT
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fsr-3281	362	2	%	%	NOUN
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fsr-3281	362	6	%	%	NOUN
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fsr-3281	362	8	.	.	NOUN
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fsr-3281	362	10	%	%	NOUN
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fsr-3281	362	12	.	.	PUNCT
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fsr-3281	363	5	4	4	NUM
fsr-3281	363	6	.	.	PUNCT
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fsr-3281	363	8	%	%	NOUN
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fsr-3281	363	14	.	.	NOUN
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fsr-3281	363	18	.	.	NOUN
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fsr-3281	363	20	%	%	NOUN
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fsr-3281	363	31	.	.	NUM
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fsr-3281	363	33	%	%	NOUN
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fsr-3281	363	35	.	.	X
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fsr-3281	363	37	%	%	NOUN
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fsr-3281	363	41	%	%	NOUN
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fsr-3281	363	43	.	.	NOUN
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fsr-3281	363	45	%	%	NOUN
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fsr-3281	363	47	.	.	NOUN
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fsr-3281	363	49	%	%	NOUN
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fsr-3281	363	53	%	%	NOUN
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fsr-3281	363	57	.	.	PUNCT
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fsr-3281	363	59	%	%	NOUN
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fsr-3281	363	63	%	%	NOUN
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fsr-3281	363	65	.	.	PUNCT
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fsr-3281	363	67	%	%	NOUN
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fsr-3281	363	69	.	.	X
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fsr-3281	363	71	%	%	NOUN
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fsr-3281	363	73	.	.	PUNCT
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fsr-3281	364	2	%	%	NOUN
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fsr-3281	364	4	1	1	NUM
fsr-3281	364	5	.	.	NOUN
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fsr-3281	364	7	%	%	NOUN
fsr-3281	364	8	0	0	NUM
fsr-3281	364	9	.	.	NOUN
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fsr-3281	364	14	.	.	X
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fsr-3281	364	16	%	%	NOUN
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fsr-3281	364	21	%	%	NOUN
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fsr-3281	364	23	.	.	NOUN
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fsr-3281	364	25	%	%	NOUN
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fsr-3281	364	28	.	.	NOUN
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fsr-3281	364	30	%	%	NOUN
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fsr-3281	364	34	%	%	NOUN
fsr-3281	364	35	20	20	NUM
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fsr-3281	364	38	.	.	PUNCT
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fsr-3281	364	42	.	.	PUNCT
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fsr-3281	365	6	%	%	NOUN
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fsr-3281	365	8	.	.	NOUN
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fsr-3281	365	10	%	%	NOUN
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fsr-3281	365	13	.	.	NOUN
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fsr-3281	365	15	%	%	NOUN
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fsr-3281	365	17	.	.	PUNCT
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fsr-3281	365	19	%	%	NOUN
fsr-3281	365	20	2	2	NUM
fsr-3281	365	21	.	.	X
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fsr-3281	365	23	%	%	NOUN
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fsr-3281	365	25	1	1	NUM
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fsr-3281	367	4	%	%	NOUN
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fsr-3281	367	8	%	%	NOUN
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fsr-3281	367	11	.	.	PROPN
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fsr-3281	367	13	%	%	NOUN
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fsr-3281	367	17	%	%	NOUN
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fsr-3281	367	22	.	.	PUNCT
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fsr-3281	368	2	%	%	NOUN
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fsr-3281	369	2	%	%	NOUN
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fsr-3281	370	7	%	%	NOUN
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fsr-3281	370	17	%	%	NOUN
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fsr-3281	375	10	m	m	NOUN
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fsr-3281	376	16	d	d	X
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fsr-3281	376	47	(	(	PUNCT
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fsr-3281	376	82	differences	difference	NOUN
fsr-3281	376	83	:	:	PUNCT
fsr-3281	376	84	test	test	NOUN
fsr-3281	376	85	statistic	statistic	NOUN
fsr-3281	376	86	:	:	PUNCT
fsr-3281	376	87	t	t	PROPN
fsr-3281	376	88	�	�	PROPN
fsr-3281	376	89	x	x	SYM
fsr-3281	376	90	�	�	PROPN
fsr-3281	376	91	d	d	PROPN
fsr-3281	376	92	�	�	PROPN
fsr-3281	376	93	0	0	NUM
fsr-3281	376	94	sd/	sd/	PROPN
fsr-3281	376	95	�	�	PROPN
fsr-3281	376	96	nd	nd	NUM
fsr-3281	376	97	where	where	SCONJ
fsr-3281	376	98	�	�	PROPN
fsr-3281	376	99	d	d	PROPN
fsr-3281	376	100	�	�	PROPN
fsr-3281	376	101	the	the	DET
fsr-3281	376	102	mean	mean	NOUN
fsr-3281	376	103	of	of	ADP
fsr-3281	376	104	the	the	DET
fsr-3281	376	105	difference	difference	NOUN
fsr-3281	376	106	of	of	ADP
fsr-3281	376	107	the	the	DET
fsr-3281	376	108	monthly	monthly	ADJ
fsr-3281	376	109	returns	return	NOUN
fsr-3281	376	110	of	of	ADP
fsr-3281	376	111	the	the	DET
fsr-3281	376	112	speculative	speculative	ADJ
fsr-3281	376	113	(	(	PUNCT
fsr-3281	376	114	junk	junk	NOUN
fsr-3281	376	115	)	)	PUNCT
fsr-3281	376	116	bond	bond	NOUN
fsr-3281	376	117	index	index	NOUN
fsr-3281	376	118	and	and	CCONJ
fsr-3281	376	119	the	the	DET
fsr-3281	376	120	cat	cat	NOUN
fsr-3281	376	121	bond	bond	NOUN
fsr-3281	376	122	index	index	NOUN
fsr-3281	376	123	;	;	PUNCT
fsr-3281	376	124	x	x	X
fsr-3281	376	125	�	�	PROPN
fsr-3281	376	126	d	d	PROPN
fsr-3281	376	127	�	�	PROPN
fsr-3281	376	128	sample	sample	NOUN
fsr-3281	376	129	mean	mean	NOUN
fsr-3281	376	130	of	of	ADP
fsr-3281	376	131	differences	difference	NOUN
fsr-3281	376	132	;	;	PUNCT
fsr-3281	376	133	sd	sd	ADP
fsr-3281	376	134	�	�	PROPN
fsr-3281	376	135	sample	sample	PROPN
fsr-3281	376	136	standard	standard	ADJ
fsr-3281	376	137	deviation	deviation	NOUN
fsr-3281	376	138	of	of	ADP
fsr-3281	376	139	differences	difference	NOUN
fsr-3281	376	140	;	;	PUNCT
fsr-3281	376	141	and	and	CCONJ
fsr-3281	376	142	nd	nd	NUM
fsr-3281	376	143	�	�	NOUN
fsr-3281	376	144	number	number	NOUN
fsr-3281	376	145	of	of	ADP
fsr-3281	376	146	differences	difference	NOUN
fsr-3281	376	147	.	.	PUNCT
fsr-3281	377	1	a	a	DET
fsr-3281	377	2	comparison	comparison	NOUN
fsr-3281	377	3	of	of	ADP
fsr-3281	377	4	the	the	DET
fsr-3281	377	5	monthly	monthly	ADJ
fsr-3281	377	6	differences	difference	NOUN
fsr-3281	377	7	of	of	ADP
fsr-3281	377	8	returns	return	NOUN
fsr-3281	377	9	using	use	VERB
fsr-3281	377	10	the	the	DET
fsr-3281	377	11	3	3	NUM
fsr-3281	377	12	ml	ml	X
fsr-3281	377	13	speculative	speculative	ADJ
fsr-3281	377	14	corporate	corporate	ADJ
fsr-3281	377	15	bonds	bond	NOUN
fsr-3281	377	16	indices	index	NOUN
fsr-3281	377	17	(	(	PUNCT
fsr-3281	377	18	bb	bb	INTJ
fsr-3281	377	19	,	,	PUNCT
fsr-3281	377	20	b	b	NOUN
fsr-3281	377	21	,	,	PUNCT
fsr-3281	377	22	and	and	CCONJ
fsr-3281	377	23	ccc	ccc	PROPN
fsr-3281	377	24	)	)	PUNCT
fsr-3281	377	25	and	and	CCONJ
fsr-3281	377	26	our	our	PRON
fsr-3281	377	27	two	two	NUM
fsr-3281	377	28	broad	broad	ADJ
fsr-3281	377	29	cat	cat	NOUN
fsr-3281	377	30	indices	index	NOUN
fsr-3281	377	31	(	(	PUNCT
fsr-3281	377	32	ils	ils	X
fsr-3281	377	33	and	and	CCONJ
fsr-3281	377	34	micrix	micrix	NOUN
fsr-3281	377	35	)	)	PUNCT
fsr-3281	377	36	finds	find	VERB
fsr-3281	377	37	no	no	DET
fsr-3281	377	38	cases	case	NOUN
fsr-3281	377	39	in	in	ADP
fsr-3281	377	40	which	which	PRON
fsr-3281	377	41	the	the	DET
fsr-3281	377	42	speculative	speculative	ADJ
fsr-3281	377	43	corporate	corporate	ADJ
fsr-3281	377	44	sector	sector	NOUN
fsr-3281	377	45	of	of	ADP
fsr-3281	377	46	bonds	bond	NOUN
fsr-3281	377	47	outperformed	outperform	VERB
fsr-3281	377	48	the	the	DET
fsr-3281	377	49	cat	cat	NOUN
fsr-3281	377	50	proxies	proxy	NOUN
fsr-3281	377	51	.	.	PUNCT
fsr-3281	378	1	there	there	PRON
fsr-3281	378	2	are	be	VERB
fsr-3281	378	3	no	no	DET
fsr-3281	378	4	incidences	incidence	NOUN
fsr-3281	378	5	of	of	ADP
fsr-3281	378	6	positive	positive	ADJ
fsr-3281	378	7	t	t	NOUN
fsr-3281	378	8	-	-	PUNCT
fsr-3281	378	9	values	value	NOUN
fsr-3281	378	10	at	at	ADP
fsr-3281	378	11	any	any	DET
fsr-3281	378	12	reasonable	reasonable	ADJ
fsr-3281	378	13	level	level	NOUN
fsr-3281	378	14	of	of	ADP
fsr-3281	378	15	significance	significance	NOUN
fsr-3281	378	16	(	(	PUNCT
fsr-3281	378	17	10	10	NUM
fsr-3281	378	18	%	%	NOUN
fsr-3281	378	19	,	,	PUNCT
fsr-3281	378	20	5	5	NUM
fsr-3281	378	21	%	%	NOUN
fsr-3281	378	22	,	,	PUNCT
fsr-3281	378	23	or	or	CCONJ
fsr-3281	378	24	1	1	NUM
fsr-3281	378	25	%	%	NOUN
fsr-3281	378	26	)	)	PUNCT
fsr-3281	378	27	.	.	PUNCT
fsr-3281	379	1	that	that	PRON
fsr-3281	379	2	is	be	AUX
fsr-3281	379	3	,	,	PUNCT
fsr-3281	379	4	the	the	DET
fsr-3281	379	5	null	null	ADJ
fsr-3281	379	6	hypothesis	hypothesis	NOUN
fsr-3281	379	7	of	of	ADP
fsr-3281	379	8	mean	mean	NOUN
fsr-3281	379	9	of	of	ADP
fsr-3281	379	10	the	the	DET
fsr-3281	379	11	differences	difference	NOUN
fsr-3281	379	12	of	of	ADP
fsr-3281	379	13	monthly	monthly	ADJ
fsr-3281	379	14	returns	return	NOUN
fsr-3281	379	15	show	show	VERB
fsr-3281	379	16	either	either	CCONJ
fsr-3281	379	17	nonsignificant	nonsignificant	ADJ
fsr-3281	379	18	results	result	NOUN
fsr-3281	379	19	favoring	favor	VERB
fsr-3281	379	20	the	the	DET
fsr-3281	379	21	returns	return	NOUN
fsr-3281	379	22	from	from	ADP
fsr-3281	379	23	the	the	DET
fsr-3281	379	24	cat	cat	NOUN
fsr-3281	379	25	proxies	proxy	NOUN
fsr-3281	379	26	versus	versus	ADP
fsr-3281	379	27	the	the	DET
fsr-3281	379	28	speculative	speculative	ADJ
fsr-3281	379	29	grade	grade	NOUN
fsr-3281	379	30	bonds	bond	NOUN
fsr-3281	379	31	or	or	CCONJ
fsr-3281	379	32	in	in	ADP
fsr-3281	379	33	a	a	DET
fsr-3281	379	34	few	few	ADJ
fsr-3281	379	35	time	time	NOUN
fsr-3281	379	36	periods	period	VERB
fsr-3281	379	37	statistically	statistically	ADV
fsr-3281	379	38	significant	significant	ADJ
fsr-3281	379	39	results	result	NOUN
fsr-3281	379	40	favoring	favor	VERB
fsr-3281	379	41	the	the	DET
fsr-3281	379	42	cat	cat	NOUN
fsr-3281	379	43	bond	bond	NOUN
fsr-3281	379	44	indices	index	NOUN
fsr-3281	379	45	.	.	PUNCT
fsr-3281	380	1	see	see	VERB
fsr-3281	380	2	table	table	NOUN
fsr-3281	380	3	7	7	NUM
fsr-3281	380	4	for	for	ADP
fsr-3281	380	5	a	a	DET
fsr-3281	380	6	summary	summary	NOUN
fsr-3281	380	7	of	of	ADP
fsr-3281	380	8	the	the	DET
fsr-3281	380	9	significance	significance	NOUN
fsr-3281	380	10	tests	test	VERB
fsr-3281	380	11	over	over	ADP
fsr-3281	380	12	the	the	DET
fsr-3281	380	13	total	total	ADJ
fsr-3281	380	14	time	time	NOUN
fsr-3281	380	15	period	period	NOUN
fsr-3281	380	16	and	and	CCONJ
fsr-3281	380	17	the	the	DET
fsr-3281	380	18	six	six	NUM
fsr-3281	380	19	yearly	yearly	ADJ
fsr-3281	380	20	test	test	NOUN
fsr-3281	380	21	periods	period	NOUN
fsr-3281	380	22	(	(	PUNCT
fsr-3281	380	23	1-	1-	NUM
fsr-3281	380	24	,	,	PUNCT
fsr-3281	380	25	2-	2-	NUM
fsr-3281	380	26	,	,	PUNCT
fsr-3281	380	27	3-	3-	PROPN
fsr-3281	380	28	,	,	PUNCT
fsr-3281	380	29	4-	4-	NUM
fsr-3281	380	30	,	,	PUNCT
fsr-3281	380	31	5-	5-	NOUN
fsr-3281	380	32	,	,	PUNCT
fsr-3281	380	33	and	and	CCONJ
fsr-3281	380	34	6	6	NUM
fsr-3281	380	35	-	-	PUNCT
fsr-3281	380	36	years	year	NOUN
fsr-3281	380	37	)	)	PUNCT
fsr-3281	380	38	.	.	PUNCT
fsr-3281	381	1	table	table	NOUN
fsr-3281	381	2	7	7	NUM
fsr-3281	381	3	means	mean	NOUN
fsr-3281	381	4	of	of	ADP
fsr-3281	381	5	the	the	DET
fsr-3281	381	6	differences	difference	NOUN
fsr-3281	381	7	tests	test	NOUN
fsr-3281	381	8	for	for	ADP
fsr-3281	381	9	cat	cat	NOUN
fsr-3281	381	10	indices	indice	VERB
fsr-3281	381	11	t	t	PROPN
fsr-3281	381	12	-	-	PUNCT
fsr-3281	381	13	values	value	NOUN
fsr-3281	381	14	ils	ils	X
fsr-3281	381	15	micrix	micrix	NOUN
fsr-3281	381	16	swiss	swiss	PROPN
fsr-3281	381	17	bb	bb	NUM
fsr-3281	381	18	cat	cat	PROPN
fsr-3281	381	19	swiss	swiss	PROPN
fsr-3281	381	20	global	global	ADJ
fsr-3281	381	21	cat	cat	NOUN
fsr-3281	381	22	swiss	swiss	VERB
fsr-3281	381	23	us	us	PROPN
fsr-3281	381	24	cat	cat	NOUN
fsr-3281	381	25	bb	bb	X
fsr-3281	381	26	corporate	corporate	ADJ
fsr-3281	381	27	whole	whole	ADJ
fsr-3281	381	28	0.853	0.853	NUM
fsr-3281	381	29	�	�	NOUN
fsr-3281	381	30	0.530	0.530	NUM
fsr-3281	381	31	0.377	0.377	NUM
fsr-3281	381	32	�	�	NOUN
fsr-3281	381	33	0.433	0.433	NUM
fsr-3281	381	34	�	�	PROPN
fsr-3281	381	35	0.506	0.506	NUM
fsr-3281	381	36	1	1	NUM
fsr-3281	381	37	year	year	NOUN
fsr-3281	381	38	�	�	PROPN
fsr-3281	381	39	0.835	0.835	NUM
fsr-3281	381	40	�	�	PROPN
fsr-3281	381	41	1.809	1.809	NUM
fsr-3281	381	42	�	�	PROPN
fsr-3281	381	43	0.583	0.583	NUM
fsr-3281	381	44	�	�	PROPN
fsr-3281	381	45	0.741	0.741	NUM
fsr-3281	381	46	�	�	NOUN
fsr-3281	381	47	0.769	0.769	NUM
fsr-3281	381	48	2	2	NUM
fsr-3281	381	49	year	year	NOUN
fsr-3281	381	50	�	�	PROPN
fsr-3281	381	51	1.241	1.241	NUM
fsr-3281	381	52	�	�	PROPN
fsr-3281	381	53	2.759	2.759	NUM
fsr-3281	381	54	*	*	SYM
fsr-3281	381	55	*	*	PUNCT
fsr-3281	381	56	�	�	PROPN
fsr-3281	381	57	0.761	0.761	NUM
fsr-3281	381	58	�	�	PROPN
fsr-3281	381	59	1.214	1.214	NUM
fsr-3281	381	60	�	�	PROPN
fsr-3281	381	61	1.281	1.281	NUM
fsr-3281	381	62	3	3	NUM
fsr-3281	381	63	year	year	NOUN
fsr-3281	381	64	�	�	PROPN
fsr-3281	381	65	1.236	1.236	NUM
fsr-3281	381	66	�	�	NOUN
fsr-3281	381	67	3.301	3.301	NUM
fsr-3281	381	68	*	*	PUNCT
fsr-3281	381	69	*	*	PUNCT
fsr-3281	381	70	*	*	PUNCT
fsr-3281	381	71	�	�	PROPN
fsr-3281	381	72	0.812	0.812	NUM
fsr-3281	381	73	�	�	PROPN
fsr-3281	381	74	1.667	1.667	NUM
fsr-3281	381	75	�	�	PROPN
fsr-3281	381	76	1.796	1.796	NUM
fsr-3281	381	77	4	4	NUM
fsr-3281	381	78	year	year	NOUN
fsr-3281	381	79	�	�	PROPN
fsr-3281	381	80	0.213	0.213	NUM
fsr-3281	381	81	�	�	PROPN
fsr-3281	381	82	1.041	1.041	NUM
fsr-3281	381	83	�	�	PROPN
fsr-3281	381	84	0.096	0.096	NUM
fsr-3281	381	85	�	�	PROPN
fsr-3281	381	86	1.159	1.159	NUM
fsr-3281	381	87	�	�	NOUN
fsr-3281	381	88	1.282	1.282	NUM
fsr-3281	381	89	5	5	NUM
fsr-3281	381	90	year	year	NOUN
fsr-3281	381	91	0.293	0.293	NUM
fsr-3281	381	92	�	�	NOUN
fsr-3281	381	93	0.534	0.534	NUM
fsr-3281	381	94	0.030	0.030	NUM
fsr-3281	381	95	�	�	PROPN
fsr-3281	381	96	0.755	0.755	NUM
fsr-3281	381	97	�	�	NOUN
fsr-3281	381	98	0.807	0.807	NUM
fsr-3281	381	99	6	6	NUM
fsr-3281	381	100	year	year	NOUN
fsr-3281	381	101	0.737	0.737	NUM
fsr-3281	381	102	�	�	NOUN
fsr-3281	381	103	0.584	0.584	NUM
fsr-3281	381	104	0.253	0.253	NUM
fsr-3281	381	105	�	�	PROPN
fsr-3281	381	106	0.557	0.557	NUM
fsr-3281	381	107	�	�	PROPN
fsr-3281	381	108	0.623	0.623	NUM
fsr-3281	381	109	b	b	NOUN
fsr-3281	381	110	corporate	corporate	ADJ
fsr-3281	381	111	whole	whole	NOUN
fsr-3281	381	112	0.183	0.183	NUM
fsr-3281	381	113	�	�	PROPN
fsr-3281	381	114	0.775	0.775	NUM
fsr-3281	381	115	�	�	PROPN
fsr-3281	381	116	0.151	0.151	NUM
fsr-3281	381	117	�	�	NOUN
fsr-3281	381	118	0.892	0.892	NUM
fsr-3281	381	119	�	�	NOUN
fsr-3281	381	120	0.946	0.946	NUM
fsr-3281	381	121	1	1	NUM
fsr-3281	381	122	year	year	NOUN
fsr-3281	381	123	�	�	PROPN
fsr-3281	381	124	1.635	1.635	NUM
fsr-3281	381	125	�	�	PROPN
fsr-3281	381	126	2.204	2.204	NUM
fsr-3281	381	127	*	*	SYM
fsr-3281	381	128	�	�	PROPN
fsr-3281	381	129	1.401	1.401	NUM
fsr-3281	381	130	�	�	PROPN
fsr-3281	381	131	1.508	1.508	NUM
fsr-3281	381	132	�	�	PROPN
fsr-3281	381	133	1.511	1.511	NUM
fsr-3281	381	134	2	2	NUM
fsr-3281	381	135	year	year	NOUN
fsr-3281	381	136	�	�	PROPN
fsr-3281	381	137	2.072	2.072	NUM
fsr-3281	381	138	*	*	SYM
fsr-3281	381	139	�	�	PROPN
fsr-3281	381	140	3.111	3.111	NUM
fsr-3281	381	141	*	*	NOUN
fsr-3281	381	142	*	*	PUNCT
fsr-3281	381	143	*	*	PUNCT
fsr-3281	381	144	�	�	PROPN
fsr-3281	381	145	1.678	1.678	NUM
fsr-3281	381	146	�	�	PROPN
fsr-3281	381	147	2.014	2.014	NUM
fsr-3281	381	148	�	�	PROPN
fsr-3281	381	149	2.051	2.051	NUM
fsr-3281	381	150	3	3	NUM
fsr-3281	381	151	year	year	NOUN
fsr-3281	381	152	�	�	PROPN
fsr-3281	381	153	1.826	1.826	NUM
fsr-3281	381	154	�	�	PROPN
fsr-3281	381	155	3.412	3.412	NUM
fsr-3281	381	156	*	*	SYM
fsr-3281	381	157	*	*	PUNCT
fsr-3281	381	158	*	*	PUNCT
fsr-3281	381	159	�	�	PROPN
fsr-3281	381	160	1.482	1.482	NUM
fsr-3281	381	161	�	�	PROPN
fsr-3281	381	162	2.162	2.162	NUM
fsr-3281	381	163	*	*	SYM
fsr-3281	381	164	�	�	PROPN
fsr-3281	381	165	2.257	2.257	NUM
fsr-3281	381	166	*	*	SYM
fsr-3281	381	167	4	4	NUM
fsr-3281	381	168	year	year	NOUN
fsr-3281	381	169	�	�	PROPN
fsr-3281	381	170	0.871	0.871	NUM
fsr-3281	381	171	�	�	PROPN
fsr-3281	381	172	1.320	1.320	NUM
fsr-3281	381	173	�	�	PROPN
fsr-3281	381	174	0.743	0.743	NUM
fsr-3281	381	175	�	�	PROPN
fsr-3281	381	176	1.613	1.613	NUM
fsr-3281	381	177	�	�	NOUN
fsr-3281	381	178	1.707	1.707	NUM
fsr-3281	381	179	5	5	NUM
fsr-3281	381	180	year	year	NOUN
fsr-3281	381	181	�	�	PROPN
fsr-3281	381	182	0.261	0.261	NUM
fsr-3281	381	183	�	�	NUM
fsr-3281	381	184	0.749	0.749	NUM
fsr-3281	381	185	�	�	PROPN
fsr-3281	381	186	0.429	0.429	NUM
fsr-3281	381	187	�	�	NUM
fsr-3281	381	188	1.167	1.167	NUM
fsr-3281	381	189	�	�	NOUN
fsr-3281	381	190	1.202	1.202	NUM
fsr-3281	381	191	6	6	NUM
fsr-3281	381	192	year	year	NOUN
fsr-3281	381	193	0.180	0.180	NUM
fsr-3281	381	194	�	�	PROPN
fsr-3281	381	195	0.786	0.786	NUM
fsr-3281	381	196	�	�	PROPN
fsr-3281	381	197	0.182	0.182	NUM
fsr-3281	381	198	�	�	PROPN
fsr-3281	381	199	0.937	0.937	NUM
fsr-3281	381	200	�	�	PROPN
fsr-3281	381	201	0.987	0.987	NUM
fsr-3281	381	202	ccc	ccc	PROPN
fsr-3281	381	203	corporate	corporate	ADJ
fsr-3281	381	204	whole	whole	ADJ
fsr-3281	381	205	0.168	0.168	NUM
fsr-3281	381	206	�	�	PROPN
fsr-3281	381	207	0.548	0.548	NUM
fsr-3281	381	208	�	�	PROPN
fsr-3281	381	209	0.018	0.018	NUM
fsr-3281	381	210	�	�	PROPN
fsr-3281	381	211	0.426	0.426	NUM
fsr-3281	381	212	�	�	PROPN
fsr-3281	381	213	0.466	0.466	NUM
fsr-3281	381	214	1	1	NUM
fsr-3281	381	215	year	year	NOUN
fsr-3281	381	216	�	�	PROPN
fsr-3281	381	217	2.303	2.303	NUM
fsr-3281	381	218	*	*	PUNCT
fsr-3281	381	219	�	�	PROPN
fsr-3281	381	220	2.753	2.753	NUM
fsr-3281	381	221	*	*	NOUN
fsr-3281	381	222	*	*	PUNCT
fsr-3281	381	223	�	�	PROPN
fsr-3281	381	224	2.111	2.111	NUM
fsr-3281	381	225	�	�	PROPN
fsr-3281	381	226	2.188	2.188	NUM
fsr-3281	381	227	�	�	PROPN
fsr-3281	381	228	2.190	2.190	NUM
fsr-3281	381	229	2	2	NUM
fsr-3281	381	230	year	year	NOUN
fsr-3281	381	231	�	�	NOUN
fsr-3281	381	232	2.821	2.821	NUM
fsr-3281	381	233	*	*	PUNCT
fsr-3281	381	234	*	*	PUNCT
fsr-3281	381	235	*	*	PUNCT
fsr-3281	381	236	�	�	PROPN
fsr-3281	381	237	3.541	3.541	NUM
fsr-3281	381	238	*	*	PUNCT
fsr-3281	381	239	*	*	PUNCT
fsr-3281	381	240	*	*	PUNCT
fsr-3281	381	241	�	�	PROPN
fsr-3281	381	242	2.531	2.531	NUM
fsr-3281	381	243	*	*	NOUN
fsr-3281	381	244	*	*	PUNCT
fsr-3281	381	245	�	�	PROPN
fsr-3281	381	246	2.777	2.777	NUM
fsr-3281	381	247	*	*	PUNCT
fsr-3281	381	248	*	*	PUNCT
fsr-3281	381	249	�	�	PROPN
fsr-3281	381	250	2.805	2.805	NUM
fsr-3281	381	251	*	*	NOUN
fsr-3281	381	252	*	*	SYM
fsr-3281	381	253	3	3	NUM
fsr-3281	381	254	year	year	NOUN
fsr-3281	381	255	�	�	PROPN
fsr-3281	381	256	1.936	1.936	NUM
fsr-3281	381	257	�	�	NOUN
fsr-3281	381	258	3.106	3.106	NUM
fsr-3281	381	259	*	*	PUNCT
fsr-3281	381	260	*	*	PUNCT
fsr-3281	381	261	*	*	PUNCT
fsr-3281	381	262	�	�	PROPN
fsr-3281	381	263	1.727	1.727	NUM
fsr-3281	381	264	�	�	PROPN
fsr-3281	381	265	2.212	2.212	NUM
fsr-3281	381	266	*	*	SYM
fsr-3281	381	267	�	�	PROPN
fsr-3281	381	268	2.288	2.288	NUM
fsr-3281	381	269	*	*	SYM
fsr-3281	381	270	*	*	SYM
fsr-3281	381	271	4	4	NUM
fsr-3281	381	272	year	year	NOUN
fsr-3281	381	273	�	�	PROPN
fsr-3281	381	274	0.699	0.699	NUM
fsr-3281	381	275	�	�	PROPN
fsr-3281	381	276	1.229	1.229	NUM
fsr-3281	381	277	�	�	PROPN
fsr-3281	381	278	0.641	0.641	NUM
fsr-3281	381	279	�	�	PROPN
fsr-3281	381	280	1.215	1.215	NUM
fsr-3281	381	281	�	�	NOUN
fsr-3281	381	282	1.292	1.292	NUM
fsr-3281	381	283	5	5	NUM
fsr-3281	381	284	year	year	NOUN
fsr-3281	381	285	�	�	PROPN
fsr-3281	381	286	0.534	0.534	NUM
fsr-3281	381	287	�	�	PROPN
fsr-3281	381	288	0.863	0.863	NUM
fsr-3281	381	289	�	�	PROPN
fsr-3281	381	290	0.625	0.625	NUM
fsr-3281	381	291	�	�	PROPN
fsr-3281	381	292	1.073	1.073	NUM
fsr-3281	381	293	�	�	PROPN
fsr-3281	381	294	1.104	1.104	NUM
fsr-3281	381	295	6	6	NUM
fsr-3281	381	296	year	year	NOUN
fsr-3281	381	297	0.068	0.068	NUM
fsr-3281	381	298	�	�	PROPN
fsr-3281	381	299	0.655	0.655	NUM
fsr-3281	381	300	�	�	PROPN
fsr-3281	381	301	0.142	0.142	NUM
fsr-3281	381	302	�	�	PROPN
fsr-3281	381	303	0.586	0.586	NUM
fsr-3281	381	304	�	�	PROPN
fsr-3281	381	305	0.626	0.626	NUM
fsr-3281	381	306	note	note	NOUN
fsr-3281	381	307	:	:	PUNCT
fsr-3281	381	308	cat	cat	PROPN
fsr-3281	381	309	�	�	PROPN
fsr-3281	381	310	catastrophe	catastrophe	PROPN
fsr-3281	381	311	;	;	PUNCT
fsr-3281	381	312	ils	ils	X
fsr-3281	381	313	�	�	PROPN
fsr-3281	381	314	investment	investment	NOUN
fsr-3281	381	315	linked	link	VERB
fsr-3281	381	316	securities	security	NOUN
fsr-3281	381	317	;	;	PUNCT
fsr-3281	381	318	micrix	micrix	PROPN
fsr-3281	381	319	�	�	PROPN
fsr-3281	381	320	mercury	mercury	PROPN
fsr-3281	381	321	investible	investible	ADJ
fsr-3281	381	322	catastrophe	catastrophe	NOUN
fsr-3281	381	323	risk	risk	NOUN
fsr-3281	381	324	index	index	NOUN
fsr-3281	381	325	.	.	PUNCT
fsr-3281	382	1	significance	significance	NOUN
fsr-3281	382	2	levels	level	NOUN
fsr-3281	382	3	:	:	PUNCT
fsr-3281	383	1	*	*	PUNCT
fsr-3281	383	2	(	(	PUNCT
fsr-3281	383	3	0.025	0.025	NUM
fsr-3281	383	4	%	%	NOUN
fsr-3281	383	5	significance	significance	NOUN
fsr-3281	383	6	)	)	PUNCT
fsr-3281	383	7	;	;	PUNCT
fsr-3281	384	1	*	*	PUNCT
fsr-3281	384	2	*	*	PUNCT
fsr-3281	384	3	(	(	PUNCT
fsr-3281	384	4	0.010	0.010	NUM
fsr-3281	384	5	%	%	NOUN
fsr-3281	384	6	significance	significance	NOUN
fsr-3281	384	7	)	)	PUNCT
fsr-3281	384	8	;	;	PUNCT
fsr-3281	385	1	*	*	PUNCT
fsr-3281	385	2	*	*	PUNCT
fsr-3281	385	3	*	*	PUNCT
fsr-3281	385	4	(	(	PUNCT
fsr-3281	385	5	0.005	0.005	NUM
fsr-3281	385	6	%	%	NOUN
fsr-3281	385	7	significance	significance	NOUN
fsr-3281	385	8	)	)	PUNCT
fsr-3281	385	9	.	.	PUNCT
fsr-3281	386	1	320	320	NUM
fsr-3281	386	2	r.j	r.j	PROPN
fsr-3281	386	3	.	.	PROPN
fsr-3281	386	4	kish	kish	PROPN
fsr-3281	386	5	/	/	SYM
fsr-3281	386	6	financial	financial	ADJ
fsr-3281	386	7	services	service	NOUN
fsr-3281	386	8	review	review	VERB
fsr-3281	386	9	25	25	NUM
fsr-3281	386	10	(	(	PUNCT
fsr-3281	386	11	2016	2016	NUM
fsr-3281	386	12	)	)	PUNCT
fsr-3281	386	13	303–329	303–329	NUM
fsr-3281	386	14	adding	add	VERB
fsr-3281	386	15	to	to	ADP
fsr-3281	386	16	the	the	DET
fsr-3281	386	17	diversification	diversification	NOUN
fsr-3281	386	18	effect	effect	NOUN
fsr-3281	386	19	of	of	ADP
fsr-3281	386	20	the	the	DET
fsr-3281	386	21	cat	cat	NOUN
fsr-3281	386	22	bonds	bond	NOUN
fsr-3281	386	23	is	be	AUX
fsr-3281	386	24	the	the	DET
fsr-3281	386	25	low	low	ADJ
fsr-3281	386	26	level	level	NOUN
fsr-3281	386	27	of	of	ADP
fsr-3281	386	28	correlation	correlation	NOUN
fsr-3281	386	29	between	between	ADP
fsr-3281	386	30	these	these	DET
fsr-3281	386	31	two	two	NUM
fsr-3281	386	32	cat	cat	NOUN
fsr-3281	386	33	bond	bond	NOUN
fsr-3281	386	34	indices	index	NOUN
fsr-3281	386	35	and	and	CCONJ
fsr-3281	386	36	the	the	DET
fsr-3281	386	37	bb	bb	NOUN
fsr-3281	386	38	-	-	PUNCT
fsr-3281	386	39	rated	rate	VERB
fsr-3281	386	40	,	,	PUNCT
fsr-3281	386	41	b	b	X
fsr-3281	386	42	-	-	PUNCT
fsr-3281	386	43	rated	rate	VERB
fsr-3281	386	44	,	,	PUNCT
fsr-3281	386	45	and	and	CCONJ
fsr-3281	386	46	ccc	ccc	PROPN
fsr-3281	386	47	-	-	PUNCT
fsr-3281	386	48	rated	rate	VERB
fsr-3281	386	49	ml	ml	ADP
fsr-3281	386	50	corporate	corporate	ADJ
fsr-3281	386	51	bond	bond	NOUN
fsr-3281	386	52	indices	index	NOUN
fsr-3281	386	53	.	.	PUNCT
fsr-3281	387	1	correlation	correlation	NOUN
fsr-3281	387	2	between	between	ADP
fsr-3281	387	3	micrix	micrix	NOUN
fsr-3281	387	4	and	and	CCONJ
fsr-3281	387	5	the	the	DET
fsr-3281	387	6	bb	bb	PROPN
fsr-3281	387	7	,	,	PUNCT
fsr-3281	387	8	b	b	NOUN
fsr-3281	387	9	,	,	PUNCT
fsr-3281	387	10	and	and	CCONJ
fsr-3281	387	11	ccc	ccc	PROPN
fsr-3281	387	12	corporate	corporate	ADJ
fsr-3281	387	13	bond	bond	NOUN
fsr-3281	387	14	indices	index	NOUN
fsr-3281	387	15	are	be	AUX
fsr-3281	387	16	approximately	approximately	ADV
fsr-3281	387	17	0	0	NUM
fsr-3281	387	18	(	(	PUNCT
fsr-3281	387	19	i.e.	i.e.	X
fsr-3281	387	20	,	,	PUNCT
fsr-3281	387	21	�	�	PROPN
fsr-3281	387	22	0.016	0.016	NUM
fsr-3281	387	23	,	,	PUNCT
fsr-3281	387	24	�	�	NOUN
fsr-3281	387	25	0.103	0.103	NUM
fsr-3281	387	26	,	,	PUNCT
fsr-3281	387	27	and	and	CCONJ
fsr-3281	387	28	�	�	PROPN
fsr-3281	387	29	0.124	0.124	NUM
fsr-3281	387	30	,	,	PUNCT
fsr-3281	387	31	respectively	respectively	ADV
fsr-3281	387	32	)	)	PUNCT
fsr-3281	387	33	.	.	PUNCT
fsr-3281	388	1	for	for	ADP
fsr-3281	388	2	the	the	DET
fsr-3281	388	3	eurekahedge	eurekahedge	NOUN
fsr-3281	388	4	ils	ils	PROPN
fsr-3281	388	5	index	index	NOUN
fsr-3281	388	6	,	,	PUNCT
fsr-3281	388	7	the	the	DET
fsr-3281	388	8	correlations	correlation	NOUN
fsr-3281	388	9	are	be	AUX
fsr-3281	388	10	similar	similar	ADJ
fsr-3281	388	11	but	but	CCONJ
fsr-3281	388	12	slightly	slightly	ADV
fsr-3281	388	13	positive	positive	ADJ
fsr-3281	388	14	(	(	PUNCT
fsr-3281	388	15	i.e.	i.e.	X
fsr-3281	388	16	,	,	PUNCT
fsr-3281	388	17	0.117	0.117	NUM
fsr-3281	388	18	,	,	PUNCT
fsr-3281	388	19	0.016	0.016	NUM
fsr-3281	388	20	,	,	PUNCT
fsr-3281	388	21	and	and	CCONJ
fsr-3281	388	22	0.113	0.113	NUM
fsr-3281	388	23	,	,	PUNCT
fsr-3281	388	24	respectively).24	respectively).24	NOUN
fsr-3281	388	25	further	further	ADJ
fsr-3281	388	26	evidence	evidence	NOUN
fsr-3281	388	27	of	of	ADP
fsr-3281	388	28	the	the	DET
fsr-3281	388	29	diversification	diversification	NOUN
fsr-3281	388	30	effects	effect	NOUN
fsr-3281	388	31	of	of	ADP
fsr-3281	388	32	an	an	DET
fsr-3281	388	33	investment	investment	NOUN
fsr-3281	388	34	in	in	ADP
fsr-3281	388	35	cat	cat	NOUN
fsr-3281	388	36	bonds	bond	NOUN
fsr-3281	388	37	is	be	AUX
fsr-3281	388	38	the	the	DET
fsr-3281	388	39	lack	lack	NOUN
fsr-3281	388	40	of	of	ADP
fsr-3281	388	41	correlation	correlation	NOUN
fsr-3281	388	42	between	between	ADP
fsr-3281	388	43	these	these	DET
fsr-3281	388	44	two	two	NUM
fsr-3281	388	45	broad	broad	ADJ
fsr-3281	388	46	cat	cat	NOUN
fsr-3281	388	47	bond	bond	NOUN
fsr-3281	388	48	proxies	proxy	NOUN
fsr-3281	388	49	and	and	CCONJ
fsr-3281	388	50	the	the	DET
fsr-3281	388	51	s&p	s&p	PROPN
fsr-3281	388	52	500	500	NUM
fsr-3281	388	53	index	index	NOUN
fsr-3281	388	54	and	and	CCONJ
fsr-3281	388	55	a	a	DET
fsr-3281	388	56	one	one	NUM
fsr-3281	388	57	to	to	PART
fsr-3281	388	58	three	three	NUM
fsr-3281	388	59	year	year	NOUN
fsr-3281	388	60	maturity	maturity	NOUN
fsr-3281	388	61	us	us	PROPN
fsr-3281	388	62	treasury	treasury	PROPN
fsr-3281	388	63	index	index	NOUN
fsr-3281	388	64	.	.	PUNCT
fsr-3281	389	1	the	the	DET
fsr-3281	389	2	correlations	correlation	NOUN
fsr-3281	389	3	are	be	AUX
fsr-3281	389	4	summarized	summarize	VERB
fsr-3281	389	5	in	in	ADP
fsr-3281	389	6	table	table	NOUN
fsr-3281	389	7	8	8	NUM
fsr-3281	389	8	.	.	PUNCT
fsr-3281	390	1	a	a	DET
fsr-3281	390	2	second	second	ADJ
fsr-3281	390	3	broad	broad	ADJ
fsr-3281	390	4	comparison	comparison	NOUN
fsr-3281	390	5	was	be	AUX
fsr-3281	390	6	also	also	ADV
fsr-3281	390	7	undertaken	undertake	VERB
fsr-3281	390	8	using	use	VERB
fsr-3281	390	9	swiss	swiss	PROPN
fsr-3281	390	10	re	re	ADJ
fsr-3281	390	11	cat	cat	NOUN
fsr-3281	390	12	bond	bond	NOUN
fsr-3281	390	13	indices	index	NOUN
fsr-3281	390	14	.	.	PUNCT
fsr-3281	391	1	swiss	swiss	ADJ
fsr-3281	391	2	re	re	ADP
fsr-3281	391	3	reports	report	NOUN
fsr-3281	391	4	results	result	VERB
fsr-3281	391	5	from	from	ADP
fsr-3281	391	6	three	three	NUM
fsr-3281	391	7	indices	index	NOUN
fsr-3281	391	8	:	:	PUNCT
fsr-3281	391	9	a	a	DET
fsr-3281	391	10	bb	bb	NOUN
fsr-3281	391	11	rated	rate	VERB
fsr-3281	391	12	cat	cat	PROPN
fsr-3281	391	13	bond	bond	PROPN
fsr-3281	391	14	index	index	NOUN
fsr-3281	391	15	,	,	PUNCT
fsr-3281	391	16	a	a	DET
fsr-3281	391	17	global	global	ADJ
fsr-3281	391	18	cat	cat	NOUN
fsr-3281	391	19	bond	bond	NOUN
fsr-3281	391	20	index	index	NOUN
fsr-3281	391	21	,	,	PUNCT
fsr-3281	391	22	and	and	CCONJ
fsr-3281	391	23	a	a	DET
fsr-3281	391	24	u.s	u.s	PROPN
fsr-3281	391	25	.	.	PROPN
fsr-3281	391	26	based	base	VERB
fsr-3281	391	27	cat	cat	NOUN
fsr-3281	391	28	bond	bond	NOUN
fsr-3281	391	29	index	index	NOUN
fsr-3281	391	30	.	.	PUNCT
fsr-3281	392	1	the	the	DET
fsr-3281	392	2	results	result	NOUN
fsr-3281	392	3	are	be	AUX
fsr-3281	392	4	similar	similar	ADJ
fsr-3281	392	5	to	to	ADP
fsr-3281	392	6	the	the	DET
fsr-3281	392	7	results	result	NOUN
fsr-3281	392	8	from	from	ADP
fsr-3281	392	9	the	the	DET
fsr-3281	392	10	previous	previous	ADJ
fsr-3281	392	11	proxies	proxy	NOUN
fsr-3281	392	12	.	.	PUNCT
fsr-3281	393	1	the	the	DET
fsr-3281	393	2	means	mean	NOUN
fsr-3281	393	3	,	,	PUNCT
fsr-3281	393	4	standard	standard	ADJ
fsr-3281	393	5	deviations	deviation	NOUN
fsr-3281	393	6	,	,	PUNCT
fsr-3281	393	7	and	and	CCONJ
fsr-3281	393	8	sharpe	sharpe	NOUN
fsr-3281	393	9	ratios	ratio	NOUN
fsr-3281	393	10	are	be	AUX
fsr-3281	393	11	similar	similar	ADJ
fsr-3281	393	12	:	:	PUNCT
fsr-3281	393	13	0.48%/	0.48%/	NOUN
fsr-3281	393	14	0.90%/0.1963	0.90%/0.1963	X
fsr-3281	393	15	,	,	PUNCT
fsr-3281	393	16	0.61%/0.80%/0.3894	0.61%/0.80%/0.3894	ADJ
fsr-3281	393	17	,	,	PUNCT
fsr-3281	393	18	and	and	CCONJ
fsr-3281	393	19	0.63%/0.88%/0.3714	0.63%/0.88%/0.3714	NOUN
fsr-3281	393	20	,	,	PUNCT
fsr-3281	393	21	respectively	respectively	ADV
fsr-3281	393	22	,	,	PUNCT
fsr-3281	393	23	for	for	ADP
fsr-3281	393	24	the	the	DET
fsr-3281	393	25	bb	bb	PROPN
fsr-3281	393	26	,	,	PUNCT
fsr-3281	393	27	global	global	ADJ
fsr-3281	393	28	,	,	PUNCT
fsr-3281	393	29	and	and	CCONJ
fsr-3281	393	30	u.s	u.s	PROPN
fsr-3281	393	31	.	.	PROPN
fsr-3281	393	32	cat	cat	PROPN
fsr-3281	393	33	bond	bond	NOUN
fsr-3281	393	34	indices	index	NOUN
fsr-3281	393	35	.	.	PUNCT
fsr-3281	394	1	see	see	VERB
fsr-3281	394	2	the	the	DET
fsr-3281	394	3	last	last	ADJ
fsr-3281	394	4	three	three	NUM
fsr-3281	394	5	columns	column	NOUN
fsr-3281	394	6	of	of	ADP
fsr-3281	394	7	table	table	NOUN
fsr-3281	394	8	5	5	NUM
fsr-3281	394	9	for	for	ADP
fsr-3281	394	10	a	a	DET
fsr-3281	394	11	summary	summary	NOUN
fsr-3281	394	12	of	of	ADP
fsr-3281	394	13	the	the	DET
fsr-3281	394	14	results	result	NOUN
fsr-3281	394	15	.	.	PUNCT
fsr-3281	395	1	using	use	VERB
fsr-3281	395	2	the	the	DET
fsr-3281	395	3	means	mean	NOUN
fsr-3281	395	4	of	of	ADP
fsr-3281	395	5	the	the	DET
fsr-3281	395	6	differences	difference	NOUN
fsr-3281	395	7	hypothesis	hypothesis	NOUN
fsr-3281	395	8	testing	testing	NOUN
fsr-3281	395	9	,	,	PUNCT
fsr-3281	395	10	there	there	PRON
fsr-3281	395	11	is	be	VERB
fsr-3281	395	12	no	no	DET
fsr-3281	395	13	significant	significant	ADJ
fsr-3281	395	14	results	result	NOUN
fsr-3281	395	15	indicating	indicate	VERB
fsr-3281	395	16	that	that	SCONJ
fsr-3281	395	17	speculative	speculative	ADJ
fsr-3281	395	18	bond	bond	NOUN
fsr-3281	395	19	proxies	proxy	NOUN
fsr-3281	395	20	outperformed	outperform	VERB
fsr-3281	395	21	the	the	DET
fsr-3281	395	22	cat	cat	NOUN
fsr-3281	395	23	bond	bond	NOUN
fsr-3281	395	24	proxies	proxy	NOUN
fsr-3281	395	25	.	.	PUNCT
fsr-3281	396	1	with	with	ADP
fsr-3281	396	2	the	the	DET
fsr-3281	396	3	exception	exception	NOUN
fsr-3281	396	4	of	of	ADP
fsr-3281	396	5	one	one	NUM
fsr-3281	396	6	test	test	NOUN
fsr-3281	396	7	,	,	PUNCT
fsr-3281	396	8	all	all	DET
fsr-3281	396	9	the	the	DET
fsr-3281	396	10	results	result	NOUN
fsr-3281	396	11	were	be	AUX
fsr-3281	396	12	negative	negative	ADJ
fsr-3281	396	13	with	with	ADP
fsr-3281	396	14	a	a	DET
fsr-3281	396	15	few	few	ADJ
fsr-3281	396	16	times	time	NOUN
fsr-3281	396	17	periods	period	NOUN
fsr-3281	396	18	showing	show	VERB
fsr-3281	396	19	significant	significant	ADJ
fsr-3281	396	20	results	result	NOUN
fsr-3281	396	21	favoring	favor	VERB
fsr-3281	396	22	the	the	DET
fsr-3281	396	23	cat	cat	NOUN
fsr-3281	396	24	proxies	proxy	NOUN
fsr-3281	396	25	.	.	PUNCT
fsr-3281	397	1	again	again	ADV
fsr-3281	397	2	,	,	PUNCT
fsr-3281	397	3	the	the	DET
fsr-3281	397	4	correlations	correlation	NOUN
fsr-3281	397	5	(	(	PUNCT
fsr-3281	397	6	shown	show	VERB
fsr-3281	397	7	in	in	ADP
fsr-3281	397	8	table	table	NOUN
fsr-3281	397	9	8)	8)	NUM
fsr-3281	397	10	reinforce	reinforce	VERB
fsr-3281	397	11	the	the	DET
fsr-3281	397	12	diversification	diversification	NOUN
fsr-3281	397	13	effects	effect	NOUN
fsr-3281	397	14	offered	offer	VERB
fsr-3281	397	15	by	by	ADP
fsr-3281	397	16	the	the	DET
fsr-3281	397	17	cat	cat	NOUN
fsr-3281	397	18	funds	fund	NOUN
fsr-3281	397	19	.	.	PUNCT
fsr-3281	398	1	correlations	correlation	NOUN
fsr-3281	398	2	with	with	ADP
fsr-3281	398	3	the	the	DET
fsr-3281	398	4	three	three	NUM
fsr-3281	398	5	cat	cat	NOUN
fsr-3281	398	6	fund	fund	NOUN
fsr-3281	398	7	proxies	proxy	NOUN
fsr-3281	398	8	and	and	CCONJ
fsr-3281	398	9	the	the	DET
fsr-3281	398	10	speculative	speculative	ADJ
fsr-3281	398	11	bond	bond	NOUN
fsr-3281	398	12	indices	index	NOUN
fsr-3281	398	13	ranged	range	VERB
fsr-3281	398	14	from	from	ADP
fsr-3281	398	15	0.008	0.008	NUM
fsr-3281	398	16	(	(	PUNCT
fsr-3281	398	17	swiss	swiss	PROPN
fsr-3281	398	18	re	re	NOUN
fsr-3281	398	19	bb	bb	NUM
fsr-3281	398	20	and	and	CCONJ
fsr-3281	398	21	corporate	corporate	ADJ
fsr-3281	398	22	bb	bb	NOUN
fsr-3281	398	23	)	)	PUNCT
fsr-3281	398	24	to	to	PART
fsr-3281	398	25	�	�	VERB
fsr-3281	398	26	0.052	0.052	NUM
fsr-3281	398	27	(	(	PUNCT
fsr-3281	398	28	swiss	swiss	PROPN
fsr-3281	398	29	re	re	NOUN
fsr-3281	398	30	bb	bb	NOUN
fsr-3281	398	31	and	and	CCONJ
fsr-3281	398	32	corporate	corporate	ADJ
fsr-3281	398	33	b	b	NOUN
fsr-3281	398	34	)	)	PUNCT
fsr-3281	398	35	.	.	PUNCT
fsr-3281	399	1	the	the	DET
fsr-3281	399	2	null	null	ADJ
fsr-3281	399	3	hypothesis	hypothesis	NOUN
fsr-3281	399	4	test	test	NOUN
fsr-3281	399	5	results	result	NOUN
fsr-3281	399	6	of	of	ADP
fsr-3281	399	7	the	the	DET
fsr-3281	399	8	mean	mean	NOUN
fsr-3281	399	9	of	of	ADP
fsr-3281	399	10	the	the	DET
fsr-3281	399	11	differences	difference	NOUN
fsr-3281	399	12	of	of	ADP
fsr-3281	399	13	monthly	monthly	ADJ
fsr-3281	399	14	returns	return	NOUN
fsr-3281	399	15	are	be	AUX
fsr-3281	399	16	summarized	summarize	VERB
fsr-3281	399	17	in	in	ADP
fsr-3281	399	18	the	the	DET
fsr-3281	399	19	last	last	ADJ
fsr-3281	399	20	three	three	NUM
fsr-3281	399	21	columns	column	NOUN
fsr-3281	399	22	of	of	ADP
fsr-3281	399	23	table	table	NOUN
fsr-3281	399	24	7	7	NUM
fsr-3281	399	25	.	.	X
fsr-3281	399	26	5.2	5.2	NUM
fsr-3281	399	27	.	.	PUNCT
fsr-3281	400	1	cat	cat	NOUN
fsr-3281	400	2	funds	fund	NOUN
fsr-3281	400	3	our	our	PRON
fsr-3281	400	4	final	final	ADJ
fsr-3281	400	5	set	set	NOUN
fsr-3281	400	6	of	of	ADP
fsr-3281	400	7	proxies	proxy	NOUN
fsr-3281	400	8	for	for	ADP
fsr-3281	400	9	the	the	DET
fsr-3281	400	10	performance	performance	NOUN
fsr-3281	400	11	of	of	ADP
fsr-3281	400	12	cat	cat	NOUN
fsr-3281	400	13	bonds	bond	NOUN
fsr-3281	400	14	are	be	AUX
fsr-3281	400	15	a	a	DET
fsr-3281	400	16	number	number	NOUN
fsr-3281	400	17	of	of	ADP
fsr-3281	400	18	off	off	ADP
fsr-3281	400	19	-	-	PUNCT
fsr-3281	400	20	shore	shore	NOUN
fsr-3281	400	21	hedge	hedge	NOUN
fsr-3281	400	22	funds	fund	NOUN
fsr-3281	400	23	investing	invest	VERB
fsr-3281	400	24	primarily	primarily	ADV
fsr-3281	400	25	in	in	ADP
fsr-3281	400	26	cat	cat	NOUN
fsr-3281	400	27	bonds	bond	NOUN
fsr-3281	400	28	.	.	PUNCT
fsr-3281	401	1	table	table	NOUN
fsr-3281	401	2	9	9	NUM
fsr-3281	401	3	summarize	summarize	VERB
fsr-3281	401	4	the	the	DET
fsr-3281	401	5	monthly	monthly	ADJ
fsr-3281	401	6	returns	return	NOUN
fsr-3281	401	7	from	from	ADP
fsr-3281	401	8	a	a	DET
fsr-3281	401	9	table	table	NOUN
fsr-3281	401	10	8	8	NUM
fsr-3281	401	11	correlations	correlation	NOUN
fsr-3281	401	12	for	for	ADP
fsr-3281	401	13	cat	cat	NOUN
fsr-3281	401	14	indices	indice	VERB
fsr-3281	401	15	spx	spx	PROPN
fsr-3281	401	16	busy13	busy13	NOUN
fsr-3281	401	17	bb	bb	PROPN
fsr-3281	401	18	b	b	PROPN
fsr-3281	401	19	ccc	ccc	PROPN
fsr-3281	401	20	swiss	swiss	PROPN
fsr-3281	401	21	bb	bb	PROPN
fsr-3281	401	22	swiss	swiss	PROPN
fsr-3281	401	23	g	g	PROPN
fsr-3281	401	24	swiss	swiss	ADJ
fsr-3281	401	25	us	us	PROPN
fsr-3281	401	26	micrix	micrix	PROPN
fsr-3281	401	27	ils	ils	X
fsr-3281	401	28	spx	spx	PROPN
fsr-3281	401	29	1.000	1.000	NUM
fsr-3281	401	30	�	�	PROPN
fsr-3281	401	31	0.166	0.166	NUM
fsr-3281	401	32	0.743	0.743	NUM
fsr-3281	401	33	0.727	0.727	NUM
fsr-3281	401	34	0.596	0.596	NUM
fsr-3281	401	35	�	�	PROPN
fsr-3281	401	36	0.136	0.136	NUM
fsr-3281	401	37	�	�	PROPN
fsr-3281	401	38	0.152	0.152	NUM
fsr-3281	401	39	�	�	PROPN
fsr-3281	401	40	0.161	0.161	NUM
fsr-3281	401	41	�	�	PROPN
fsr-3281	401	42	0.092	0.092	NUM
fsr-3281	401	43	�	�	PROPN
fsr-3281	401	44	0.067	0.067	NUM
fsr-3281	401	45	busy13	busy13	NOUN
fsr-3281	401	46	1.000	1.000	NUM
fsr-3281	401	47	0.172	0.172	NUM
fsr-3281	401	48	�	�	PROPN
fsr-3281	401	49	0.046	0.046	NUM
fsr-3281	401	50	�	�	PROPN
fsr-3281	401	51	0.061	0.061	NUM
fsr-3281	401	52	0.159	0.159	NUM
fsr-3281	401	53	0.195	0.195	NUM
fsr-3281	401	54	0.204	0.204	NUM
fsr-3281	401	55	0.100	0.100	NUM
fsr-3281	401	56	0.241	0.241	NUM
fsr-3281	401	57	bb	bb	NUM
fsr-3281	401	58	1.000	1.000	NUM
fsr-3281	401	59	0.894	0.894	NUM
fsr-3281	401	60	0.772	0.772	NUM
fsr-3281	401	61	0.008	0.008	NUM
fsr-3281	401	62	0.034	0.034	NUM
fsr-3281	401	63	0.029	0.029	NUM
fsr-3281	401	64	�	�	PROPN
fsr-3281	401	65	0.016	0.016	NUM
fsr-3281	401	66	0.117	0.117	NUM
fsr-3281	401	67	b	b	NUM
fsr-3281	401	68	1.000	1.000	NUM
fsr-3281	401	69	0.928	0.928	NUM
fsr-3281	401	70	�	�	PROPN
fsr-3281	401	71	0.052	0.052	NUM
fsr-3281	401	72	�	�	PROPN
fsr-3281	401	73	0.003	0.003	NUM
fsr-3281	401	74	�	�	PROPN
fsr-3281	401	75	0.012	0.012	NUM
fsr-3281	401	76	�	�	PROPN
fsr-3281	401	77	0.103	0.103	NUM
fsr-3281	401	78	0.016	0.016	NUM
fsr-3281	401	79	ccc	ccc	PROPN
fsr-3281	401	80	1.000	1.000	NUM
fsr-3281	401	81	0.062	0.062	NUM
fsr-3281	401	82	0.111	0.111	NUM
fsr-3281	401	83	0.100	0.100	NUM
fsr-3281	401	84	�	�	PROPN
fsr-3281	401	85	0.124	0.124	NUM
fsr-3281	401	86	0.113	0.113	NUM
fsr-3281	401	87	swiss	swiss	ADJ
fsr-3281	401	88	bb	bb	ADP
fsr-3281	401	89	1.000	1.000	NUM
fsr-3281	401	90	0.969	0.969	NUM
fsr-3281	401	91	0.971	0.971	NUM
fsr-3281	401	92	0.707	0.707	NUM
fsr-3281	401	93	0.924	0.924	NUM
fsr-3281	401	94	swiss	swiss	ADJ
fsr-3281	401	95	g	g	PROPN
fsr-3281	401	96	1.000	1.000	NUM
fsr-3281	401	97	0.998	0.998	NUM
fsr-3281	401	98	0.682	0.682	NUM
fsr-3281	401	99	0.940	0.940	NUM
fsr-3281	401	100	swiss	swiss	ADJ
fsr-3281	401	101	us	we	PRON
fsr-3281	401	102	1.000	1.000	NUM
fsr-3281	401	103	0.697	0.697	NUM
fsr-3281	401	104	0.939	0.939	NUM
fsr-3281	401	105	micrix	micrix	NOUN
fsr-3281	401	106	1.000	1.000	NUM
fsr-3281	401	107	0.744	0.744	NUM
fsr-3281	401	108	ils	ils	PROPN
fsr-3281	401	109	1.000	1.000	NUM
fsr-3281	401	110	note	note	NOUN
fsr-3281	401	111	:	:	PUNCT
fsr-3281	401	112	cat	cat	PROPN
fsr-3281	401	113	�	�	PROPN
fsr-3281	401	114	catastrophe	catastrophe	PROPN
fsr-3281	401	115	;	;	PUNCT
fsr-3281	401	116	ils	ils	X
fsr-3281	401	117	�	�	PROPN
fsr-3281	401	118	investment	investment	NOUN
fsr-3281	401	119	linked	link	VERB
fsr-3281	401	120	securities	security	NOUN
fsr-3281	401	121	;	;	PUNCT
fsr-3281	401	122	micrix	micrix	PROPN
fsr-3281	401	123	�	�	PROPN
fsr-3281	401	124	mercury	mercury	PROPN
fsr-3281	401	125	investible	investible	ADJ
fsr-3281	401	126	catastrophe	catastrophe	NOUN
fsr-3281	401	127	risk	risk	NOUN
fsr-3281	401	128	index	index	NOUN
fsr-3281	401	129	.	.	PUNCT
fsr-3281	402	1	321r.j	321r.j	PROPN
fsr-3281	402	2	.	.	PUNCT
fsr-3281	403	1	kish	kish	PROPN
fsr-3281	403	2	/	/	SYM
fsr-3281	403	3	financial	financial	ADJ
fsr-3281	403	4	services	service	NOUN
fsr-3281	403	5	review	review	VERB
fsr-3281	403	6	25	25	NUM
fsr-3281	403	7	(	(	PUNCT
fsr-3281	403	8	2016	2016	NUM
fsr-3281	403	9	)	)	PUNCT
fsr-3281	404	1	303–329	303–329	NUM
fsr-3281	404	2	t	t	PROPN
fsr-3281	404	3	ab	ab	X
fsr-3281	404	4	le	le	PROPN
fsr-3281	404	5	9	9	NUM
fsr-3281	404	6	c	c	NOUN
fsr-3281	404	7	at	at	ADV
fsr-3281	404	8	as	as	ADP
fsr-3281	404	9	tr	tr	VERB
fsr-3281	404	10	op	op	NOUN
fsr-3281	404	11	he	he	PRON
fsr-3281	404	12	(	(	PUNCT
fsr-3281	404	13	c	c	PROPN
fsr-3281	404	14	a	a	DET
fsr-3281	404	15	t	t	NOUN
fsr-3281	404	16	)	)	PUNCT
fsr-3281	404	17	fu	fu	PROPN
fsr-3281	405	1	nd	nd	PRON
fsr-3281	405	2	s	s	PART
fsr-3281	405	3	hi	hi	INTJ
fsr-3281	405	4	st	st	PROPN
fsr-3281	406	1	or	or	CCONJ
fsr-3281	406	2	ic	ic	INTJ
fsr-3281	406	3	al	al	PROPN
fsr-3281	406	4	m	m	PROPN
fsr-3281	406	5	on	on	ADP
fsr-3281	406	6	th	th	PRON
fsr-3281	406	7	ly	ly	X
fsr-3281	406	8	pe	pe	INTJ
fsr-3281	407	1	rf	rf	NOUN
fsr-3281	407	2	or	or	CCONJ
fsr-3281	407	3	m	m	PROPN
fsr-3281	407	4	an	an	DET
fsr-3281	407	5	ce	ce	PROPN
fsr-3281	407	6	ja	ja	PROPN
fsr-3281	407	7	n.	n.	PROPN
fsr-3281	407	8	fe	fe	PROPN
fsr-3281	407	9	b.	b.	PROPN
fsr-3281	407	10	m	m	PROPN
fsr-3281	407	11	ar	ar	PROPN
fsr-3281	407	12	.	.	PUNCT
fsr-3281	408	1	a	a	DET
fsr-3281	408	2	pr	pr	NOUN
fsr-3281	408	3	.	.	PUNCT
fsr-3281	409	1	m	m	VERB
fsr-3281	409	2	ay	ay	PROPN
fsr-3281	409	3	ju	ju	PROPN
fsr-3281	409	4	ne	ne	PROPN
fsr-3281	409	5	ju	ju	PROPN
fsr-3281	409	6	ly	ly	X
fsr-3281	409	7	a	a	PRON
fsr-3281	409	8	ug	ug	X
fsr-3281	409	9	.	.	PUNCT
fsr-3281	410	1	se	se	PROPN
fsr-3281	410	2	pt	pt	PROPN
fsr-3281	410	3	.	.	PUNCT
fsr-3281	411	1	o	o	X
fsr-3281	412	1	ct	ct	INTJ
fsr-3281	412	2	.	.	PUNCT
fsr-3281	413	1	n	n	INTJ
fsr-3281	413	2	ov	ov	INTJ
fsr-3281	413	3	.	.	PUNCT
fsr-3281	414	1	d	d	X
fsr-3281	414	2	ec	ec	PROPN
fsr-3281	414	3	.	.	PUNCT
fsr-3281	415	1	a	a	DET
fsr-3281	415	2	z	z	NOUN
fsr-3281	415	3	20	20	NUM
fsr-3281	415	4	16	16	NUM
fsr-3281	415	5	�	�	PROPN
fsr-3281	415	6	0	0	NUM
fsr-3281	415	7	.	.	PROPN
fsr-3281	415	8	21	21	NUM
fsr-3281	415	9	%	%	NOUN
fsr-3281	415	10	0	0	NUM
fsr-3281	415	11	.	.	NOUN
fsr-3281	415	12	27	27	NUM
fsr-3281	415	13	%	%	NOUN
fsr-3281	415	14	0	0	NUM
fsr-3281	415	15	.	.	NUM
fsr-3281	415	16	06	06	NUM
fsr-3281	416	1	%	%	NOUN
fsr-3281	416	2	n/	n/	VERB
fsr-3281	416	3	a	a	DET
fsr-3281	416	4	n/	n/	ADV
fsr-3281	416	5	a	a	DET
fsr-3281	416	6	n/	n/	ADV
fsr-3281	416	7	a	a	DET
fsr-3281	416	8	n/	n/	ADV
fsr-3281	416	9	a	a	DET
fsr-3281	416	10	n/	n/	ADV
fsr-3281	416	11	a	a	DET
fsr-3281	416	12	n/	n/	ADV
fsr-3281	416	13	a	a	DET
fsr-3281	416	14	n/	n/	ADV
fsr-3281	416	15	a	a	DET
fsr-3281	416	16	n/	n/	ADV
fsr-3281	416	17	a	a	DET
fsr-3281	416	18	n/	n/	ADV
fsr-3281	416	19	a	a	DET
fsr-3281	416	20	20	20	NUM
fsr-3281	416	21	15	15	NUM
fsr-3281	416	22	0	0	NUM
fsr-3281	416	23	.	.	PUNCT
fsr-3281	416	24	11	11	NUM
fsr-3281	416	25	%	%	NOUN
fsr-3281	416	26	�	�	PROPN
fsr-3281	416	27	0	0	NUM
fsr-3281	416	28	.	.	PROPN
fsr-3281	416	29	07	07	NUM
fsr-3281	416	30	%	%	NOUN
fsr-3281	416	31	�	�	PROPN
fsr-3281	416	32	0	0	NUM
fsr-3281	416	33	.	.	PROPN
fsr-3281	416	34	19	19	NUM
fsr-3281	416	35	%	%	NOUN
fsr-3281	416	36	�	�	PROPN
fsr-3281	416	37	0	0	NUM
fsr-3281	416	38	.	.	PROPN
fsr-3281	416	39	15	15	NUM
fsr-3281	416	40	%	%	NOUN
fsr-3281	416	41	�	�	PROPN
fsr-3281	416	42	0	0	NUM
fsr-3281	416	43	.	.	PROPN
fsr-3281	416	44	11	11	NUM
fsr-3281	416	45	%	%	NOUN
fsr-3281	416	46	�	�	PROPN
fsr-3281	416	47	0	0	NUM
fsr-3281	416	48	.	.	PROPN
fsr-3281	416	49	11	11	NUM
fsr-3281	416	50	%	%	NOUN
fsr-3281	416	51	�	�	PROPN
fsr-3281	416	52	0	0	NUM
fsr-3281	416	53	.	.	PROPN
fsr-3281	416	54	11	11	NUM
fsr-3281	416	55	%	%	NOUN
fsr-3281	416	56	0	0	NUM
fsr-3281	416	57	.	.	NOUN
fsr-3281	416	58	21	21	NUM
fsr-3281	416	59	%	%	NOUN
fsr-3281	416	60	0	0	NUM
fsr-3281	416	61	.	.	PUNCT
fsr-3281	416	62	28	28	NUM
fsr-3281	416	63	%	%	NOUN
fsr-3281	416	64	�	�	PROPN
fsr-3281	416	65	1	1	NUM
fsr-3281	416	66	.	.	NOUN
fsr-3281	416	67	03	03	NUM
fsr-3281	417	1	%	%	NOUN
fsr-3281	417	2	0	0	NUM
fsr-3281	417	3	.	.	PROPN
fsr-3281	417	4	17	17	NUM
fsr-3281	417	5	%	%	NOUN
fsr-3281	417	6	�	�	PROPN
fsr-3281	417	7	0	0	NUM
fsr-3281	417	8	.	.	PUNCT
fsr-3281	418	1	28	28	NUM
fsr-3281	418	2	%	%	NOUN
fsr-3281	418	3	20	20	NUM
fsr-3281	418	4	14	14	NUM
fsr-3281	418	5	0	0	NUM
fsr-3281	418	6	.	.	PUNCT
fsr-3281	418	7	17	17	NUM
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fsr-3281	418	11	08	08	NUM
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fsr-3281	418	15	13	13	NUM
fsr-3281	418	16	%	%	NOUN
fsr-3281	418	17	0	0	NUM
fsr-3281	418	18	.	.	PUNCT
fsr-3281	418	19	02	02	NUM
fsr-3281	418	20	%	%	NOUN
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fsr-3281	418	22	0	0	NUM
fsr-3281	418	23	.	.	NUM
fsr-3281	418	24	06	06	NUM
fsr-3281	418	25	%	%	NOUN
fsr-3281	418	26	�	�	PROPN
fsr-3281	418	27	0	0	NUM
fsr-3281	418	28	.	.	NUM
fsr-3281	418	29	06	06	NUM
fsr-3281	418	30	%	%	NOUN
fsr-3281	418	31	0	0	NUM
fsr-3281	418	32	.	.	PROPN
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fsr-3281	418	34	%	%	NOUN
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fsr-3281	418	36	.	.	PROPN
fsr-3281	418	37	26	26	NUM
fsr-3281	418	38	%	%	NOUN
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fsr-3281	418	41	06	06	NUM
fsr-3281	418	42	%	%	NOUN
fsr-3281	418	43	0	0	NUM
fsr-3281	418	44	.	.	PROPN
fsr-3281	418	45	13	13	NUM
fsr-3281	418	46	%	%	NOUN
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fsr-3281	418	48	.	.	PROPN
fsr-3281	418	49	09	09	NUM
fsr-3281	418	50	%	%	NOUN
fsr-3281	418	51	0	0	NUM
fsr-3281	418	52	.	.	PROPN
fsr-3281	418	53	08	08	NUM
fsr-3281	418	54	%	%	NOUN
fsr-3281	418	55	20	20	NUM
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fsr-3281	418	57	0	0	NUM
fsr-3281	418	58	.	.	NOUN
fsr-3281	418	59	35	35	NUM
fsr-3281	418	60	%	%	NOUN
fsr-3281	418	61	0	0	NUM
fsr-3281	418	62	.	.	NOUN
fsr-3281	418	63	37	37	NUM
fsr-3281	418	64	%	%	NOUN
fsr-3281	418	65	0	0	NUM
fsr-3281	418	66	.	.	PROPN
fsr-3281	418	67	31	31	NUM
fsr-3281	418	68	%	%	NOUN
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fsr-3281	418	70	.	.	PROPN
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fsr-3281	418	72	%	%	NOUN
fsr-3281	418	73	0	0	NUM
fsr-3281	418	74	.	.	NOUN
fsr-3281	418	75	11	11	NUM
fsr-3281	418	76	%	%	NOUN
fsr-3281	418	77	�	�	PROPN
fsr-3281	418	78	0	0	NUM
fsr-3281	418	79	.	.	PUNCT
fsr-3281	418	80	02	02	NUM
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fsr-3281	418	82	0	0	NUM
fsr-3281	418	83	.	.	NOUN
fsr-3281	418	84	04	04	NUM
fsr-3281	418	85	%	%	NOUN
fsr-3281	418	86	0	0	NUM
fsr-3281	418	87	.	.	PROPN
fsr-3281	418	88	29	29	NUM
fsr-3281	418	89	%	%	NOUN
fsr-3281	418	90	0	0	NUM
fsr-3281	418	91	.	.	PROPN
fsr-3281	418	92	36	36	NUM
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fsr-3281	418	95	.	.	PROPN
fsr-3281	418	96	19	19	NUM
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fsr-3281	418	99	.	.	NOUN
fsr-3281	418	100	06	06	NUM
fsr-3281	418	101	%	%	NOUN
fsr-3281	418	102	0	0	NUM
fsr-3281	418	103	.	.	PROPN
fsr-3281	418	104	08	08	NUM
fsr-3281	418	105	%	%	NOUN
fsr-3281	418	106	20	20	NUM
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fsr-3281	418	108	0	0	NUM
fsr-3281	418	109	.	.	PUNCT
fsr-3281	418	110	02	02	NUM
fsr-3281	418	111	%	%	NOUN
fsr-3281	418	112	�	�	PROPN
fsr-3281	418	113	0	0	NUM
fsr-3281	418	114	.	.	PUNCT
fsr-3281	418	115	16	16	NUM
fsr-3281	418	116	%	%	NOUN
fsr-3281	418	117	0	0	NUM
fsr-3281	418	118	.	.	NUM
fsr-3281	418	119	06	06	NUM
fsr-3281	418	120	%	%	NOUN
fsr-3281	418	121	0	0	NUM
fsr-3281	418	122	.	.	PROPN
fsr-3281	418	123	20	20	NUM
fsr-3281	418	124	%	%	NOUN
fsr-3281	418	125	0	0	NUM
fsr-3281	418	126	.	.	PUNCT
fsr-3281	418	127	48	48	NUM
fsr-3281	418	128	%	%	NOUN
fsr-3281	418	129	0	0	NUM
fsr-3281	418	130	.	.	PUNCT
fsr-3281	418	131	38	38	NUM
fsr-3281	418	132	%	%	NOUN
fsr-3281	418	133	0	0	NUM
fsr-3281	418	134	.	.	NOUN
fsr-3281	418	135	43	43	NUM
fsr-3281	418	136	%	%	NOUN
fsr-3281	418	137	0	0	NUM
fsr-3281	418	138	.	.	PROPN
fsr-3281	418	139	31	31	NUM
fsr-3281	418	140	%	%	NOUN
fsr-3281	418	141	0	0	NUM
fsr-3281	418	142	.	.	PUNCT
fsr-3281	418	143	41	41	NUM
fsr-3281	418	144	%	%	NOUN
fsr-3281	418	145	�	�	PROPN
fsr-3281	418	146	0	0	NUM
fsr-3281	418	147	.	.	PROPN
fsr-3281	418	148	08	08	NUM
fsr-3281	418	149	%	%	NOUN
fsr-3281	418	150	0	0	NUM
fsr-3281	418	151	.	.	PROPN
fsr-3281	418	152	10	10	NUM
fsr-3281	418	153	%	%	NOUN
fsr-3281	418	154	0	0	NUM
fsr-3281	418	155	.	.	NOUN
fsr-3281	418	156	39	39	NUM
fsr-3281	418	157	%	%	NOUN
fsr-3281	418	158	m	m	NOUN
fsr-3281	418	159	ea	ea	NOUN
fsr-3281	418	160	n	n	PROPN
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fsr-3281	418	162	.	.	PROPN
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fsr-3281	418	164	%	%	NOUN
fsr-3281	418	165	st	st	PROPN
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fsr-3281	418	167	da	da	PROPN
fsr-3281	418	168	rd	rd	PROPN
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fsr-3281	418	171	at	at	ADP
fsr-3281	418	172	io	io	PROPN
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fsr-3281	418	175	.	.	PROPN
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fsr-3281	418	177	%	%	NOUN
fsr-3281	418	178	m	m	VERB
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fsr-3281	418	181	m	m	VERB
fsr-3281	418	182	um	um	INTJ
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fsr-3281	418	184	.	.	PUNCT
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fsr-3281	418	186	%	%	NOUN
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fsr-3281	418	188	in	in	ADP
fsr-3281	418	189	i	i	PRON
fsr-3281	418	190	m	m	VERB
fsr-3281	418	191	um	um	INTJ
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fsr-3281	418	194	.	.	NOUN
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fsr-3281	419	2	g	g	PROPN
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fsr-3281	419	4	m	m	NOUN
fsr-3281	419	5	20	20	NUM
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fsr-3281	419	8	.	.	PUNCT
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fsr-3281	420	4	.	.	PROPN
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fsr-3281	420	6	%	%	NOUN
fsr-3281	420	7	0	0	NUM
fsr-3281	420	8	.	.	PROPN
fsr-3281	420	9	29	29	NUM
fsr-3281	420	10	%	%	NOUN
fsr-3281	420	11	n/	n/	VERB
fsr-3281	420	12	a	a	DET
fsr-3281	420	13	n/	n/	ADV
fsr-3281	420	14	a	a	DET
fsr-3281	420	15	n/	n/	ADV
fsr-3281	420	16	a	a	DET
fsr-3281	420	17	n/	n/	ADV
fsr-3281	420	18	a	a	DET
fsr-3281	420	19	n/	n/	ADV
fsr-3281	420	20	a	a	DET
fsr-3281	420	21	n/	n/	ADV
fsr-3281	420	22	a	a	DET
fsr-3281	420	23	n/	n/	ADV
fsr-3281	420	24	a	a	DET
fsr-3281	420	25	n/	n/	ADV
fsr-3281	420	26	a	a	DET
fsr-3281	420	27	n/	n/	ADV
fsr-3281	420	28	a	a	DET
fsr-3281	420	29	20	20	NUM
fsr-3281	420	30	15	15	NUM
fsr-3281	420	31	0	0	NUM
fsr-3281	420	32	.	.	PUNCT
fsr-3281	421	1	23	23	NUM
fsr-3281	421	2	%	%	NOUN
fsr-3281	421	3	0	0	NUM
fsr-3281	421	4	.	.	PUNCT
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fsr-3281	422	5	.	.	NOUN
fsr-3281	422	6	03	03	NUM
fsr-3281	422	7	%	%	NOUN
fsr-3281	422	8	�	�	PROPN
fsr-3281	422	9	0	0	NUM
fsr-3281	422	10	.	.	NOUN
fsr-3281	422	11	04	04	NUM
fsr-3281	422	12	%	%	NOUN
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fsr-3281	422	15	.	.	PROPN
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fsr-3281	422	20	.	.	PUNCT
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fsr-3281	423	4	.	.	PROPN
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fsr-3281	423	8	.	.	PUNCT
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fsr-3281	424	4	.	.	PUNCT
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fsr-3281	424	8	.	.	PROPN
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fsr-3281	424	23	.	.	PUNCT
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fsr-3281	424	27	.	.	PUNCT
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fsr-3281	424	31	.	.	PUNCT
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fsr-3281	424	35	.	.	PUNCT
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fsr-3281	424	39	0	0	NUM
fsr-3281	424	40	.	.	PROPN
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fsr-3281	424	42	%	%	NOUN
fsr-3281	424	43	0	0	NUM
fsr-3281	424	44	.	.	NOUN
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fsr-3281	424	46	%	%	NOUN
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fsr-3281	424	48	.	.	PUNCT
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fsr-3281	424	50	%	%	NOUN
fsr-3281	424	51	0	0	NUM
fsr-3281	424	52	.	.	PUNCT
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fsr-3281	424	54	%	%	NOUN
fsr-3281	424	55	1	1	NUM
fsr-3281	424	56	.	.	NOUN
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fsr-3281	424	58	%	%	NOUN
fsr-3281	424	59	0	0	NUM
fsr-3281	424	60	.	.	PUNCT
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fsr-3281	424	69	.	.	PUNCT
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fsr-3281	425	3	20	20	NUM
fsr-3281	425	4	13	13	NUM
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fsr-3281	425	6	.	.	PUNCT
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fsr-3281	428	4	.	.	PROPN
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fsr-3281	428	8	.	.	PUNCT
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fsr-3281	432	22	.	.	PROPN
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fsr-3281	432	30	.	.	PROPN
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fsr-3281	433	4	.	.	X
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fsr-3281	433	8	.	.	PROPN
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fsr-3281	433	14	%	%	NOUN
fsr-3281	433	15	1	1	NUM
fsr-3281	433	16	.	.	X
fsr-3281	433	17	55	55	NUM
fsr-3281	433	18	%	%	NOUN
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fsr-3281	433	21	.	.	PUNCT
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fsr-3281	433	25	.	.	PUNCT
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fsr-3281	434	4	.	.	NOUN
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fsr-3281	434	7	m	m	NOUN
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fsr-3281	434	9	n	n	PROPN
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fsr-3281	434	11	.	.	PROPN
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fsr-3281	434	14	st	st	PROPN
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fsr-3281	434	20	at	at	ADP
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fsr-3281	434	24	.	.	PUNCT
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fsr-3281	434	27	m	m	VERB
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fsr-3281	435	3	um	um	INTJ
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fsr-3281	435	9	in	in	ADP
fsr-3281	435	10	i	i	PRON
fsr-3281	435	11	m	m	VERB
fsr-3281	435	12	um	um	INTJ
fsr-3281	435	13	�	�	PROPN
fsr-3281	435	14	0	0	NUM
fsr-3281	435	15	.	.	PROPN
fsr-3281	436	1	75	75	NUM
fsr-3281	436	2	%	%	NOUN
fsr-3281	436	3	l	l	NOUN
fsr-3281	436	4	g	g	NOUN
fsr-3281	436	5	t	t	PROPN
fsr-3281	436	6	20	20	NUM
fsr-3281	436	7	16	16	NUM
fsr-3281	436	8	�	�	PROPN
fsr-3281	436	9	0	0	NUM
fsr-3281	436	10	.	.	PROPN
fsr-3281	436	11	45	45	NUM
fsr-3281	436	12	%	%	NOUN
fsr-3281	436	13	�	�	PROPN
fsr-3281	436	14	0	0	NUM
fsr-3281	436	15	.	.	PUNCT
fsr-3281	437	1	54	54	NUM
fsr-3281	437	2	%	%	NOUN
fsr-3281	437	3	1	1	NUM
fsr-3281	437	4	.	.	NUM
fsr-3281	437	5	08	08	NUM
fsr-3281	437	6	%	%	NOUN
fsr-3281	437	7	n/	n/	VERB
fsr-3281	437	8	a	a	DET
fsr-3281	437	9	n/	n/	ADV
fsr-3281	437	10	a	a	DET
fsr-3281	437	11	n/	n/	ADV
fsr-3281	437	12	a	a	DET
fsr-3281	437	13	n/	n/	ADV
fsr-3281	437	14	a	a	DET
fsr-3281	437	15	n/	n/	ADV
fsr-3281	437	16	a	a	DET
fsr-3281	437	17	n/	n/	ADV
fsr-3281	437	18	a	a	DET
fsr-3281	437	19	n/	n/	ADV
fsr-3281	437	20	a	a	DET
fsr-3281	437	21	n/	n/	ADV
fsr-3281	437	22	a	a	DET
fsr-3281	437	23	n/	n/	ADV
fsr-3281	437	24	a	a	DET
fsr-3281	437	25	20	20	NUM
fsr-3281	437	26	15	15	NUM
fsr-3281	437	27	1	1	NUM
fsr-3281	437	28	.	.	PUNCT
fsr-3281	437	29	28	28	NUM
fsr-3281	437	30	%	%	NOUN
fsr-3281	437	31	0	0	NUM
fsr-3281	437	32	.	.	PUNCT
fsr-3281	438	1	34	34	NUM
fsr-3281	438	2	%	%	NOUN
fsr-3281	438	3	�	�	PROPN
fsr-3281	438	4	1	1	NUM
fsr-3281	438	5	.	.	NUM
fsr-3281	438	6	68	68	NUM
fsr-3281	438	7	%	%	NOUN
fsr-3281	438	8	1	1	NUM
fsr-3281	438	9	.	.	X
fsr-3281	438	10	71	71	NUM
fsr-3281	438	11	%	%	NOUN
fsr-3281	438	12	�	�	PROPN
fsr-3281	438	13	0	0	NUM
fsr-3281	438	14	.	.	PUNCT
fsr-3281	438	15	34	34	NUM
fsr-3281	438	16	%	%	NOUN
fsr-3281	438	17	�	�	PROPN
fsr-3281	438	18	1	1	NUM
fsr-3281	438	19	.	.	NUM
fsr-3281	438	20	01	01	NUM
fsr-3281	438	21	%	%	NOUN
fsr-3281	438	22	0	0	NUM
fsr-3281	438	23	.	.	NOUN
fsr-3281	438	24	43	43	NUM
fsr-3281	438	25	%	%	NOUN
fsr-3281	438	26	1	1	NUM
fsr-3281	438	27	.	.	X
fsr-3281	438	28	51	51	NUM
fsr-3281	438	29	%	%	NOUN
fsr-3281	438	30	5	5	NUM
fsr-3281	438	31	.	.	SYM
fsr-3281	438	32	99	99	NUM
fsr-3281	438	33	%	%	NOUN
fsr-3281	438	34	1	1	NUM
fsr-3281	438	35	.	.	SYM
fsr-3281	438	36	18	18	NUM
fsr-3281	438	37	%	%	NOUN
fsr-3281	438	38	�	�	PROPN
fsr-3281	438	39	1	1	NUM
fsr-3281	438	40	.	.	NOUN
fsr-3281	438	41	96	96	NUM
fsr-3281	438	42	%	%	NOUN
fsr-3281	438	43	�	�	PROPN
fsr-3281	438	44	4	4	NUM
fsr-3281	438	45	.	.	NOUN
fsr-3281	438	46	10	10	NUM
fsr-3281	438	47	%	%	NOUN
fsr-3281	438	48	20	20	NUM
fsr-3281	438	49	14	14	NUM
fsr-3281	438	50	3	3	NUM
fsr-3281	438	51	.	.	NOUN
fsr-3281	438	52	13	13	NUM
fsr-3281	438	53	%	%	NOUN
fsr-3281	438	54	3	3	NUM
fsr-3281	438	55	.	.	NOUN
fsr-3281	438	56	06	06	NUM
fsr-3281	438	57	%	%	NOUN
fsr-3281	438	58	3	3	NUM
fsr-3281	438	59	.	.	NOUN
fsr-3281	438	60	07	07	NUM
fsr-3281	438	61	%	%	NOUN
fsr-3281	438	62	1	1	NUM
fsr-3281	438	63	.	.	SYM
fsr-3281	438	64	11	11	NUM
fsr-3281	438	65	%	%	NOUN
fsr-3281	438	66	�	�	PROPN
fsr-3281	438	67	3	3	NUM
fsr-3281	438	68	.	.	NOUN
fsr-3281	438	69	13	13	NUM
fsr-3281	438	70	%	%	NOUN
fsr-3281	438	71	�	�	PROPN
fsr-3281	438	72	2	2	NUM
fsr-3281	438	73	.	.	NOUN
fsr-3281	438	74	37	37	NUM
fsr-3281	438	75	%	%	NOUN
fsr-3281	438	76	2	2	NUM
fsr-3281	438	77	.	.	NUM
fsr-3281	438	78	05	05	NUM
fsr-3281	438	79	%	%	NOUN
fsr-3281	438	80	4	4	NUM
fsr-3281	438	81	.	.	NOUN
fsr-3281	438	82	85	85	NUM
fsr-3281	438	83	%	%	NOUN
fsr-3281	438	84	8	8	NUM
fsr-3281	438	85	.	.	NOUN
fsr-3281	438	86	07	07	NUM
fsr-3281	438	87	%	%	NOUN
fsr-3281	438	88	1	1	NUM
fsr-3281	438	89	.	.	NUM
fsr-3281	438	90	26	26	NUM
fsr-3281	438	91	%	%	NOUN
fsr-3281	438	92	�	�	PROPN
fsr-3281	438	93	0	0	NUM
fsr-3281	438	94	.	.	PROPN
fsr-3281	438	95	83	83	NUM
fsr-3281	438	96	%	%	NOUN
fsr-3281	438	97	�	�	PROPN
fsr-3281	438	98	1	1	NUM
fsr-3281	438	99	.	.	NUM
fsr-3281	438	100	59	59	NUM
fsr-3281	438	101	%	%	NOUN
fsr-3281	438	102	20	20	NUM
fsr-3281	438	103	13	13	NUM
fsr-3281	438	104	12	12	NUM
fsr-3281	438	105	.9	.9	NUM
fsr-3281	438	106	1	1	NUM
fsr-3281	438	107	%	%	NOUN
fsr-3281	438	108	15	15	NUM
fsr-3281	438	109	.9	.9	NUM
fsr-3281	438	110	9	9	NUM
fsr-3281	438	111	%	%	NOUN
fsr-3281	438	112	7	7	NUM
fsr-3281	438	113	.	.	NOUN
fsr-3281	438	114	31	31	NUM
fsr-3281	438	115	%	%	NOUN
fsr-3281	438	116	9	9	NUM
fsr-3281	438	117	.	.	PUNCT
fsr-3281	438	118	81	81	NUM
fsr-3281	438	119	%	%	NOUN
fsr-3281	438	120	6	6	NUM
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fsr-3281	438	122	50	50	NUM
fsr-3281	438	123	%	%	NOUN
fsr-3281	438	124	�	�	PROPN
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fsr-3281	438	126	.	.	PROPN
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fsr-3281	438	129	0	0	NUM
fsr-3281	438	130	.	.	NOUN
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fsr-3281	438	132	%	%	NOUN
fsr-3281	438	133	8	8	NUM
fsr-3281	438	134	.	.	X
fsr-3281	438	135	74	74	NUM
fsr-3281	438	136	%	%	NOUN
fsr-3281	438	137	8	8	NUM
fsr-3281	438	138	.	.	PUNCT
fsr-3281	438	139	16	16	NUM
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fsr-3281	438	142	.	.	NOUN
fsr-3281	438	143	07	07	NUM
fsr-3281	438	144	%	%	NOUN
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fsr-3281	438	146	.	.	NOUN
fsr-3281	438	147	83	83	NUM
fsr-3281	438	148	%	%	NOUN
fsr-3281	438	149	4	4	NUM
fsr-3281	438	150	.	.	NOUN
fsr-3281	438	151	77	77	NUM
fsr-3281	438	152	%	%	NOUN
fsr-3281	438	153	m	m	NOUN
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fsr-3281	438	155	n	n	PRON
fsr-3281	438	156	2	2	NUM
fsr-3281	438	157	.	.	NUM
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fsr-3281	438	160	st	st	NOUN
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fsr-3281	438	162	da	da	PROPN
fsr-3281	438	163	rd	rd	PROPN
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fsr-3281	438	166	at	at	ADP
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fsr-3281	438	170	.	.	X
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fsr-3281	439	4	ax	ax	INTJ
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fsr-3281	440	2	m	m	VERB
fsr-3281	440	3	um	um	INTJ
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fsr-3281	440	9	in	in	ADP
fsr-3281	440	10	i	i	PRON
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fsr-3281	440	18	pl	pl	X
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fsr-3281	440	20	um	um	INTJ
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fsr-3281	440	24	.	.	PUNCT
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fsr-3281	440	30	%	%	NOUN
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fsr-3281	440	32	.	.	X
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fsr-3281	440	35	n/	n/	ADV
fsr-3281	440	36	a	a	DET
fsr-3281	440	37	n/	n/	ADV
fsr-3281	440	38	a	a	DET
fsr-3281	440	39	n/	n/	ADV
fsr-3281	440	40	a	a	DET
fsr-3281	440	41	n/	n/	ADV
fsr-3281	440	42	a	a	DET
fsr-3281	440	43	n/	n/	ADV
fsr-3281	440	44	a	a	DET
fsr-3281	440	45	n/	n/	ADV
fsr-3281	440	46	a	a	DET
fsr-3281	440	47	n/	n/	ADV
fsr-3281	440	48	a	a	DET
fsr-3281	440	49	n/	n/	ADV
fsr-3281	440	50	a	a	DET
fsr-3281	440	51	n/	n/	ADV
fsr-3281	440	52	a	a	DET
fsr-3281	440	53	20	20	NUM
fsr-3281	440	54	15	15	NUM
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fsr-3281	440	56	.	.	PUNCT
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fsr-3281	440	62	%	%	NOUN
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fsr-3281	440	65	.	.	PROPN
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fsr-3281	440	70	.	.	X
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fsr-3281	441	4	.	.	X
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fsr-3281	441	9	.	.	PROPN
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fsr-3281	441	13	.	.	PUNCT
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fsr-3281	442	7	6	6	NUM
fsr-3281	442	8	.	.	NOUN
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fsr-3281	442	10	%	%	NOUN
fsr-3281	442	11	2	2	NUM
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fsr-3281	442	13	64	64	NUM
fsr-3281	442	14	%	%	NOUN
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fsr-3281	442	16	.	.	PUNCT
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fsr-3281	442	20	.	.	NUM
fsr-3281	442	21	42	42	NUM
fsr-3281	442	22	%	%	NOUN
fsr-3281	442	23	20	20	NUM
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fsr-3281	442	25	2	2	NUM
fsr-3281	442	26	.	.	X
fsr-3281	442	27	92	92	NUM
fsr-3281	442	28	%	%	NOUN
fsr-3281	442	29	1	1	NUM
fsr-3281	442	30	.	.	NOUN
fsr-3281	442	31	92	92	NUM
fsr-3281	442	32	%	%	NOUN
fsr-3281	442	33	2	2	NUM
fsr-3281	442	34	.	.	NOUN
fsr-3281	442	35	94	94	NUM
fsr-3281	442	36	%	%	NOUN
fsr-3281	442	37	2	2	NUM
fsr-3281	442	38	.	.	SYM
fsr-3281	442	39	78	78	NUM
fsr-3281	442	40	%	%	NOUN
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fsr-3281	442	43	.	.	NUM
fsr-3281	442	44	01	01	NUM
fsr-3281	442	45	%	%	NOUN
fsr-3281	442	46	�	�	PROPN
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fsr-3281	442	48	.	.	NUM
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fsr-3281	442	50	%	%	NOUN
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fsr-3281	442	53	.	.	PROPN
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fsr-3281	442	57	.	.	NOUN
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fsr-3281	442	59	%	%	NOUN
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fsr-3281	442	61	.	.	X
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fsr-3281	442	74	.	.	PROPN
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fsr-3281	442	81	40	40	NUM
fsr-3281	442	82	%	%	NOUN
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fsr-3281	442	86	%	%	NOUN
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fsr-3281	442	88	.	.	NOUN
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fsr-3281	442	90	%	%	NOUN
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fsr-3281	442	93	3	3	NUM
fsr-3281	442	94	%	%	NOUN
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fsr-3281	442	104	.	.	X
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fsr-3281	442	106	%	%	NOUN
fsr-3281	442	107	4	4	NUM
fsr-3281	442	108	.	.	X
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fsr-3281	442	110	%	%	NOUN
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fsr-3281	442	118	%	%	NOUN
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fsr-3281	442	124	.	.	NOUN
fsr-3281	442	125	37	37	NUM
fsr-3281	442	126	%	%	NOUN
fsr-3281	442	127	m	m	NOUN
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fsr-3281	442	129	n	n	PRON
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fsr-3281	442	131	.	.	X
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fsr-3281	442	134	st	st	PROPN
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fsr-3281	442	140	at	at	ADP
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fsr-3281	442	144	.	.	PROPN
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fsr-3281	442	147	m	m	VERB
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fsr-3281	443	2	m	m	VERB
fsr-3281	443	3	um	um	INTJ
fsr-3281	443	4	12	12	NUM
fsr-3281	443	5	.1	.1	NUM
fsr-3281	443	6	7	7	NUM
fsr-3281	443	7	%	%	NOUN
fsr-3281	443	8	m	m	NOUN
fsr-3281	443	9	in	in	ADP
fsr-3281	443	10	i	i	PRON
fsr-3281	443	11	m	m	VERB
fsr-3281	443	12	um	um	INTJ
fsr-3281	443	13	�	�	PROPN
fsr-3281	443	14	2	2	NUM
fsr-3281	443	15	.	.	NUM
fsr-3281	443	16	27	27	NUM
fsr-3281	443	17	%	%	NOUN
fsr-3281	443	18	sc	sc	PROPN
fsr-3281	443	19	hr	hr	NOUN
fsr-3281	443	20	od	od	PROPN
fsr-3281	443	21	20	20	NUM
fsr-3281	443	22	16	16	NUM
fsr-3281	443	23	�	�	PROPN
fsr-3281	443	24	0	0	NUM
fsr-3281	443	25	.	.	NOUN
fsr-3281	443	26	03	03	NUM
fsr-3281	443	27	%	%	NOUN
fsr-3281	443	28	1	1	NUM
fsr-3281	443	29	.	.	NUM
fsr-3281	443	30	72	72	NUM
fsr-3281	443	31	%	%	NOUN
fsr-3281	443	32	2	2	NUM
fsr-3281	443	33	.	.	NOUN
fsr-3281	443	34	83	83	NUM
fsr-3281	443	35	%	%	NOUN
fsr-3281	443	36	n/	n/	VERB
fsr-3281	443	37	a	a	DET
fsr-3281	443	38	n/	n/	ADV
fsr-3281	443	39	a	a	DET
fsr-3281	443	40	n/	n/	ADV
fsr-3281	443	41	a	a	DET
fsr-3281	443	42	n/	n/	ADV
fsr-3281	443	43	a	a	DET
fsr-3281	443	44	n/	n/	ADV
fsr-3281	443	45	a	a	DET
fsr-3281	443	46	n/	n/	ADV
fsr-3281	443	47	a	a	DET
fsr-3281	443	48	n/	n/	ADV
fsr-3281	443	49	a	a	DET
fsr-3281	443	50	n/	n/	ADV
fsr-3281	443	51	a	a	DET
fsr-3281	443	52	n/	n/	ADV
fsr-3281	443	53	a	a	DET
fsr-3281	443	54	20	20	NUM
fsr-3281	443	55	15	15	NUM
fsr-3281	443	56	4	4	NUM
fsr-3281	443	57	.	.	PUNCT
fsr-3281	444	1	56	56	NUM
fsr-3281	444	2	%	%	NOUN
fsr-3281	444	3	1	1	NUM
fsr-3281	444	4	.	.	NUM
fsr-3281	444	5	08	08	NUM
fsr-3281	445	1	%	%	NOUN
fsr-3281	445	2	�	�	PROPN
fsr-3281	445	3	4	4	NUM
fsr-3281	445	4	.	.	NUM
fsr-3281	445	5	44	44	NUM
fsr-3281	445	6	%	%	NOUN
fsr-3281	445	7	2	2	NUM
fsr-3281	445	8	.	.	SYM
fsr-3281	445	9	79	79	NUM
fsr-3281	445	10	%	%	NOUN
fsr-3281	445	11	�	�	PROPN
fsr-3281	445	12	5	5	NUM
fsr-3281	445	13	.	.	NOUN
fsr-3281	445	14	38	38	NUM
fsr-3281	445	15	%	%	NOUN
fsr-3281	445	16	�	�	PROPN
fsr-3281	445	17	8	8	NUM
fsr-3281	445	18	.	.	PUNCT
fsr-3281	445	19	69	69	NUM
fsr-3281	445	20	%	%	NOUN
fsr-3281	445	21	12	12	NUM
fsr-3281	445	22	.0	.0	NUM
fsr-3281	445	23	4	4	NUM
fsr-3281	445	24	%	%	NOUN
fsr-3281	445	25	36	36	NUM
fsr-3281	445	26	.1	.1	NUM
fsr-3281	445	27	6	6	NUM
fsr-3281	445	28	%	%	NOUN
fsr-3281	445	29	19	19	NUM
fsr-3281	445	30	.6	.6	NUM
fsr-3281	445	31	2	2	NUM
fsr-3281	445	32	%	%	NOUN
fsr-3281	445	33	�	�	PROPN
fsr-3281	445	34	1	1	NUM
fsr-3281	445	35	.	.	NUM
fsr-3281	445	36	97	97	NUM
fsr-3281	445	37	%	%	NOUN
fsr-3281	445	38	5	5	NUM
fsr-3281	445	39	.	.	NOUN
fsr-3281	445	40	75	75	NUM
fsr-3281	445	41	%	%	NOUN
fsr-3281	445	42	0	0	NUM
fsr-3281	445	43	.	.	NUM
fsr-3281	445	44	40	40	NUM
fsr-3281	445	45	%	%	NOUN
fsr-3281	445	46	20	20	NUM
fsr-3281	445	47	14	14	NUM
fsr-3281	445	48	37	37	NUM
fsr-3281	445	49	.7	.7	NUM
fsr-3281	445	50	6	6	NUM
fsr-3281	445	51	%	%	NOUN
fsr-3281	445	52	20	20	NUM
fsr-3281	445	53	.9	.9	NUM
fsr-3281	445	54	6	6	NUM
fsr-3281	445	55	%	%	NOUN
fsr-3281	445	56	11	11	NUM
fsr-3281	445	57	.9	.9	NUM
fsr-3281	445	58	2	2	NUM
fsr-3281	445	59	%	%	NOUN
fsr-3281	445	60	�	�	NOUN
fsr-3281	445	61	33	33	NUM
fsr-3281	445	62	.2	.2	NUM
fsr-3281	445	63	5	5	NUM
fsr-3281	445	64	%	%	NOUN
fsr-3281	445	65	13	13	NUM
fsr-3281	445	66	.0	.0	NUM
fsr-3281	445	67	8	8	NUM
fsr-3281	445	68	%	%	NOUN
fsr-3281	445	69	25	25	NUM
fsr-3281	445	70	.6	.6	NUM
fsr-3281	445	71	8	8	NUM
fsr-3281	445	72	%	%	NOUN
fsr-3281	445	73	64	64	NUM
fsr-3281	445	74	.8	.8	NUM
fsr-3281	445	75	8	8	NUM
fsr-3281	445	76	%	%	NOUN
fsr-3281	445	77	32	32	NUM
fsr-3281	445	78	.9	.9	NUM
fsr-3281	445	79	8	8	NUM
fsr-3281	445	80	%	%	NOUN
fsr-3281	445	81	32	32	NUM
fsr-3281	445	82	.2	.2	NUM
fsr-3281	445	83	4	4	NUM
fsr-3281	445	84	%	%	NOUN
fsr-3281	445	85	�	�	PROPN
fsr-3281	445	86	8	8	NUM
fsr-3281	445	87	.	.	NOUN
fsr-3281	445	88	96	96	NUM
fsr-3281	445	89	%	%	NOUN
fsr-3281	445	90	�	�	PROPN
fsr-3281	445	91	3	3	NUM
fsr-3281	445	92	.	.	NOUN
fsr-3281	445	93	56	56	NUM
fsr-3281	445	94	%	%	NOUN
fsr-3281	445	95	m	m	NOUN
fsr-3281	445	96	ea	ea	NOUN
fsr-3281	445	97	n	n	ADP
fsr-3281	445	98	10	10	NUM
fsr-3281	445	99	.0	.0	NUM
fsr-3281	445	100	1	1	NUM
fsr-3281	445	101	%	%	NOUN
fsr-3281	445	102	st	st	PROPN
fsr-3281	445	103	an	an	DET
fsr-3281	445	104	da	da	PROPN
fsr-3281	445	105	rd	rd	PROPN
fsr-3281	445	106	de	de	PROPN
fsr-3281	445	107	vi	vi	PROPN
fsr-3281	445	108	at	at	ADP
fsr-3281	445	109	io	io	PROPN
fsr-3281	445	110	n	n	ADV
fsr-3281	445	111	19	19	NUM
fsr-3281	445	112	.8	.8	NUM
fsr-3281	445	113	1	1	NUM
fsr-3281	445	114	%	%	NOUN
fsr-3281	445	115	m	m	NOUN
fsr-3281	445	116	ax	ax	NOUN
fsr-3281	446	1	i	i	PRON
fsr-3281	446	2	m	m	VERB
fsr-3281	446	3	um	um	INTJ
fsr-3281	446	4	64	64	NUM
fsr-3281	446	5	.8	.8	NUM
fsr-3281	446	6	8	8	NUM
fsr-3281	446	7	%	%	NOUN
fsr-3281	446	8	m	m	NOUN
fsr-3281	446	9	in	in	ADP
fsr-3281	446	10	i	i	PRON
fsr-3281	446	11	m	m	VERB
fsr-3281	446	12	um	um	INTJ
fsr-3281	446	13	�	�	PROPN
fsr-3281	446	14	33	33	NUM
fsr-3281	446	15	.2	.2	NUM
fsr-3281	446	16	5	5	NUM
fsr-3281	446	17	%	%	NOUN
fsr-3281	446	18	so	so	ADV
fsr-3281	446	19	lid	lid	NOUN
fsr-3281	446	20	um	um	INTJ
fsr-3281	446	21	20	20	NUM
fsr-3281	446	22	16	16	NUM
fsr-3281	446	23	�	�	PROPN
fsr-3281	446	24	0	0	NUM
fsr-3281	446	25	.	.	NOUN
fsr-3281	446	26	43	43	NUM
fsr-3281	446	27	%	%	NOUN
fsr-3281	446	28	6	6	NUM
fsr-3281	446	29	.	.	NOUN
fsr-3281	446	30	74	74	NUM
fsr-3281	446	31	%	%	NOUN
fsr-3281	446	32	1	1	NUM
fsr-3281	446	33	.	.	NUM
fsr-3281	446	34	89	89	NUM
fsr-3281	446	35	%	%	NOUN
fsr-3281	446	36	n/	n/	VERB
fsr-3281	446	37	a	a	DET
fsr-3281	446	38	n/	n/	ADV
fsr-3281	446	39	a	a	DET
fsr-3281	446	40	n/	n/	ADV
fsr-3281	446	41	a	a	DET
fsr-3281	446	42	n/	n/	ADV
fsr-3281	446	43	a	a	DET
fsr-3281	446	44	n/	n/	ADV
fsr-3281	446	45	a	a	DET
fsr-3281	446	46	n/	n/	ADV
fsr-3281	446	47	a	a	DET
fsr-3281	446	48	n/	n/	ADV
fsr-3281	446	49	a	a	DET
fsr-3281	446	50	n/	n/	ADV
fsr-3281	446	51	a	a	DET
fsr-3281	446	52	n/	n/	ADV
fsr-3281	446	53	a	a	DET
fsr-3281	446	54	20	20	NUM
fsr-3281	446	55	15	15	NUM
fsr-3281	446	56	1	1	NUM
fsr-3281	446	57	.	.	PUNCT
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fsr-3281	446	59	%	%	NOUN
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fsr-3281	446	61	.	.	PUNCT
fsr-3281	447	1	14	14	NUM
fsr-3281	447	2	%	%	NOUN
fsr-3281	447	3	0	0	NUM
fsr-3281	447	4	.	.	PROPN
fsr-3281	447	5	08	08	NUM
fsr-3281	447	6	%	%	NOUN
fsr-3281	447	7	0	0	NUM
fsr-3281	447	8	.	.	PUNCT
fsr-3281	447	9	28	28	NUM
fsr-3281	447	10	%	%	NOUN
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fsr-3281	447	12	0	0	NUM
fsr-3281	447	13	.	.	PUNCT
fsr-3281	447	14	86	86	NUM
fsr-3281	447	15	%	%	NOUN
fsr-3281	447	16	�	�	PROPN
fsr-3281	447	17	0	0	NUM
fsr-3281	447	18	.	.	PROPN
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fsr-3281	447	20	%	%	NOUN
fsr-3281	447	21	0	0	NUM
fsr-3281	447	22	.	.	NOUN
fsr-3281	448	1	59	59	NUM
fsr-3281	448	2	%	%	NOUN
fsr-3281	448	3	1	1	NUM
fsr-3281	448	4	.	.	NOUN
fsr-3281	448	5	83	83	NUM
fsr-3281	448	6	%	%	NOUN
fsr-3281	448	7	2	2	NUM
fsr-3281	448	8	.	.	X
fsr-3281	448	9	84	84	NUM
fsr-3281	448	10	%	%	NOUN
fsr-3281	448	11	�	�	PROPN
fsr-3281	448	12	4	4	NUM
fsr-3281	448	13	.	.	PUNCT
fsr-3281	448	14	73	73	NUM
fsr-3281	448	15	%	%	NOUN
fsr-3281	448	16	0	0	NUM
fsr-3281	448	17	.	.	NOUN
fsr-3281	449	1	46	46	NUM
fsr-3281	449	2	%	%	NOUN
fsr-3281	449	3	1	1	NUM
fsr-3281	449	4	.	.	NOUN
fsr-3281	449	5	12	12	NUM
fsr-3281	449	6	%	%	NOUN
fsr-3281	449	7	20	20	NUM
fsr-3281	449	8	14	14	NUM
fsr-3281	449	9	1	1	NUM
fsr-3281	449	10	.	.	X
fsr-3281	449	11	59	59	NUM
fsr-3281	449	12	%	%	NOUN
fsr-3281	449	13	1	1	NUM
fsr-3281	449	14	.	.	NOUN
fsr-3281	449	15	00	00	NUM
fsr-3281	450	1	%	%	NOUN
fsr-3281	450	2	0	0	NUM
fsr-3281	450	3	.	.	NOUN
fsr-3281	451	1	91	91	NUM
fsr-3281	451	2	%	%	NOUN
fsr-3281	451	3	0	0	NUM
fsr-3281	451	4	.	.	PUNCT
fsr-3281	452	1	65	65	NUM
fsr-3281	452	2	%	%	NOUN
fsr-3281	452	3	�	�	PROPN
fsr-3281	452	4	0	0	NUM
fsr-3281	452	5	.	.	PROPN
fsr-3281	452	6	88	88	NUM
fsr-3281	452	7	%	%	NOUN
fsr-3281	452	8	0	0	NUM
fsr-3281	452	9	.	.	PROPN
fsr-3281	452	10	44	44	NUM
fsr-3281	452	11	%	%	NOUN
fsr-3281	452	12	0	0	NUM
fsr-3281	452	13	.	.	PUNCT
fsr-3281	453	1	93	93	NUM
fsr-3281	453	2	%	%	NOUN
fsr-3281	453	3	2	2	NUM
fsr-3281	453	4	.	.	NOUN
fsr-3281	453	5	81	81	NUM
fsr-3281	453	6	%	%	NOUN
fsr-3281	453	7	1	1	NUM
fsr-3281	453	8	.	.	NOUN
fsr-3281	453	9	39	39	NUM
fsr-3281	453	10	%	%	NOUN
fsr-3281	453	11	2	2	NUM
fsr-3281	453	12	.	.	SYM
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fsr-3281	453	14	%	%	NOUN
fsr-3281	453	15	�	�	PROPN
fsr-3281	453	16	0	0	NUM
fsr-3281	453	17	.	.	NOUN
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fsr-3281	453	19	%	%	NOUN
fsr-3281	453	20	2	2	NUM
fsr-3281	453	21	.	.	NOUN
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fsr-3281	453	23	%	%	NOUN
fsr-3281	453	24	20	20	NUM
fsr-3281	453	25	13	13	NUM
fsr-3281	453	26	3	3	NUM
fsr-3281	453	27	.	.	PUNCT
fsr-3281	453	28	02	02	NUM
fsr-3281	453	29	%	%	NOUN
fsr-3281	453	30	4	4	NUM
fsr-3281	453	31	.	.	NOUN
fsr-3281	453	32	72	72	NUM
fsr-3281	453	33	%	%	NOUN
fsr-3281	453	34	4	4	NUM
fsr-3281	453	35	.	.	NOUN
fsr-3281	453	36	13	13	NUM
fsr-3281	453	37	%	%	NOUN
fsr-3281	453	38	2	2	NUM
fsr-3281	453	39	.	.	NOUN
fsr-3281	453	40	14	14	NUM
fsr-3281	453	41	%	%	NOUN
fsr-3281	453	42	1	1	NUM
fsr-3281	453	43	.	.	NOUN
fsr-3281	453	44	00	00	NUM
fsr-3281	454	1	%	%	NOUN
fsr-3281	454	2	�	�	PROPN
fsr-3281	454	3	0	0	NUM
fsr-3281	454	4	.	.	PROPN
fsr-3281	454	5	64	64	NUM
fsr-3281	454	6	%	%	NOUN
fsr-3281	454	7	0	0	NUM
fsr-3281	454	8	.	.	PUNCT
fsr-3281	455	1	75	75	NUM
fsr-3281	455	2	%	%	NOUN
fsr-3281	455	3	4	4	NUM
fsr-3281	455	4	.	.	X
fsr-3281	455	5	42	42	NUM
fsr-3281	455	6	%	%	NOUN
fsr-3281	455	7	4	4	NUM
fsr-3281	455	8	.	.	NOUN
fsr-3281	455	9	86	86	NUM
fsr-3281	455	10	%	%	NOUN
fsr-3281	455	11	2	2	NUM
fsr-3281	455	12	.	.	NOUN
fsr-3281	455	13	90	90	NUM
fsr-3281	455	14	%	%	NOUN
fsr-3281	455	15	1	1	NUM
fsr-3281	455	16	.	.	X
fsr-3281	455	17	56	56	NUM
fsr-3281	455	18	%	%	NOUN
fsr-3281	455	19	1	1	NUM
fsr-3281	455	20	.	.	NOUN
fsr-3281	455	21	00	00	NUM
fsr-3281	456	1	%	%	NOUN
fsr-3281	456	2	m	m	PROPN
fsr-3281	456	3	ea	ea	NOUN
fsr-3281	456	4	n	n	ADV
fsr-3281	456	5	1	1	NUM
fsr-3281	456	6	.	.	X
fsr-3281	456	7	37	37	NUM
fsr-3281	456	8	%	%	NOUN
fsr-3281	456	9	st	st	PROPN
fsr-3281	456	10	an	an	DET
fsr-3281	456	11	da	da	PROPN
fsr-3281	456	12	rd	rd	PROPN
fsr-3281	456	13	de	de	PROPN
fsr-3281	456	14	vi	vi	PROPN
fsr-3281	456	15	at	at	ADP
fsr-3281	456	16	io	io	PROPN
fsr-3281	456	17	n	n	PRON
fsr-3281	456	18	1	1	NUM
fsr-3281	456	19	.	.	X
fsr-3281	457	1	99	99	NUM
fsr-3281	457	2	%	%	NOUN
fsr-3281	457	3	m	m	VERB
fsr-3281	457	4	ax	ax	NOUN
fsr-3281	458	1	i	i	PRON
fsr-3281	458	2	m	m	VERB
fsr-3281	458	3	um	um	INTJ
fsr-3281	458	4	6	6	NUM
fsr-3281	458	5	.	.	SYM
fsr-3281	458	6	74	74	NUM
fsr-3281	458	7	%	%	NOUN
fsr-3281	458	8	m	m	VERB
fsr-3281	458	9	in	in	ADP
fsr-3281	458	10	i	i	PRON
fsr-3281	458	11	m	m	VERB
fsr-3281	458	12	um	um	INTJ
fsr-3281	458	13	�	�	PROPN
fsr-3281	458	14	4	4	NUM
fsr-3281	458	15	.	.	PUNCT
fsr-3281	458	16	73	73	NUM
fsr-3281	458	17	%	%	NOUN
fsr-3281	458	18	322	322	NUM
fsr-3281	458	19	r.j	r.j	PROPN
fsr-3281	458	20	.	.	PROPN
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fsr-3281	458	22	/	/	SYM
fsr-3281	458	23	financial	financial	ADJ
fsr-3281	458	24	services	service	NOUN
fsr-3281	458	25	review	review	VERB
fsr-3281	458	26	25	25	NUM
fsr-3281	458	27	(	(	PUNCT
fsr-3281	458	28	2016	2016	NUM
fsr-3281	458	29	)	)	PUNCT
fsr-3281	458	30	303–329	303–329	NUM
fsr-3281	458	31	sample	sample	NOUN
fsr-3281	458	32	of	of	ADP
fsr-3281	458	33	six	six	NUM
fsr-3281	458	34	funds	fund	NOUN
fsr-3281	458	35	representing	represent	VERB
fsr-3281	458	36	the	the	DET
fsr-3281	458	37	six	six	NUM
fsr-3281	458	38	fund	fund	NOUN
fsr-3281	458	39	families	family	NOUN
fsr-3281	458	40	:	:	PUNCT
fsr-3281	458	41	az	az	PROPN
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fsr-3281	458	43	bond	bond	PROPN
fsr-3281	458	44	(	(	PUNCT
fsr-3281	458	45	8	8	NUM
fsr-3281	458	46	funds	fund	NOUN
fsr-3281	458	47	)	)	PUNCT
fsr-3281	458	48	,	,	PUNCT
fsr-3281	458	49	gam	gam	NOUN
fsr-3281	458	50	cat	cat	NOUN
fsr-3281	458	51	bond	bond	NOUN
fsr-3281	458	52	(	(	PUNCT
fsr-3281	458	53	14	14	NUM
fsr-3281	458	54	funds	fund	NOUN
fsr-3281	458	55	)	)	PUNCT
fsr-3281	458	56	,	,	PUNCT
fsr-3281	458	57	lgt	lgt	PROPN
fsr-3281	458	58	cat	cat	NOUN
fsr-3281	458	59	bond	bond	NOUN
fsr-3281	458	60	(	(	PUNCT
fsr-3281	458	61	22	22	NUM
fsr-3281	458	62	funds	fund	NOUN
fsr-3281	458	63	)	)	PUNCT
fsr-3281	458	64	,	,	PUNCT
fsr-3281	458	65	plenum	plenum	PROPN
fsr-3281	458	66	cat	cat	PROPN
fsr-3281	458	67	bond	bond	NOUN
fsr-3281	458	68	(	(	PUNCT
fsr-3281	458	69	15	15	NUM
fsr-3281	458	70	funds	fund	NOUN
fsr-3281	458	71	)	)	PUNCT
fsr-3281	458	72	,	,	PUNCT
fsr-3281	458	73	schroder	schroder	NOUN
fsr-3281	458	74	cat	cat	NOUN
fsr-3281	458	75	bond	bond	NOUN
fsr-3281	458	76	(	(	PUNCT
fsr-3281	458	77	12	12	NUM
fsr-3281	458	78	funds	fund	NOUN
fsr-3281	458	79	)	)	PUNCT
fsr-3281	458	80	,	,	PUNCT
fsr-3281	458	81	and	and	CCONJ
fsr-3281	458	82	solidum	solidum	NOUN
fsr-3281	458	83	cat	cat	NOUN
fsr-3281	458	84	bond	bond	NOUN
fsr-3281	458	85	(	(	PUNCT
fsr-3281	458	86	4	4	NUM
fsr-3281	458	87	funds	fund	NOUN
fsr-3281	458	88	)	)	PUNCT
fsr-3281	458	89	.	.	PUNCT
fsr-3281	459	1	see	see	VERB
fsr-3281	459	2	the	the	DET
fsr-3281	459	3	appendix	appendix	NOUN
fsr-3281	459	4	for	for	ADP
fsr-3281	459	5	a	a	DET
fsr-3281	459	6	fuller	full	ADJ
fsr-3281	459	7	description	description	NOUN
fsr-3281	459	8	of	of	ADP
fsr-3281	459	9	the	the	DET
fsr-3281	459	10	funds	fund	NOUN
fsr-3281	459	11	within	within	ADP
fsr-3281	459	12	lgt	lgt	PROPN
fsr-3281	459	13	cat	cat	NOUN
fsr-3281	459	14	bond	bond	PROPN
fsr-3281	459	15	fund	fund	NOUN
fsr-3281	459	16	family	family	NOUN
fsr-3281	459	17	as	as	ADP
fsr-3281	459	18	representative	representative	NOUN
fsr-3281	459	19	of	of	ADP
fsr-3281	459	20	the	the	DET
fsr-3281	459	21	range	range	NOUN
fsr-3281	459	22	of	of	ADP
fsr-3281	459	23	funds	fund	NOUN
fsr-3281	459	24	found	find	VERB
fsr-3281	459	25	within	within	ADP
fsr-3281	459	26	each	each	PRON
fsr-3281	459	27	of	of	ADP
fsr-3281	459	28	the	the	DET
fsr-3281	459	29	cat	cat	NOUN
fsr-3281	459	30	fund	fund	PROPN
fsr-3281	459	31	families.25	families.25	PROPN
fsr-3281	459	32	note	note	VERB
fsr-3281	459	33	that	that	SCONJ
fsr-3281	459	34	funds	fund	NOUN
fsr-3281	459	35	within	within	ADP
fsr-3281	459	36	each	each	DET
fsr-3281	459	37	fund	fund	NOUN
fsr-3281	459	38	family	family	NOUN
fsr-3281	459	39	may	may	AUX
fsr-3281	459	40	differ	differ	VERB
fsr-3281	459	41	by	by	ADP
fsr-3281	459	42	currency	currency	NOUN
fsr-3281	459	43	,	,	PUNCT
fsr-3281	459	44	fee	fee	NOUN
fsr-3281	459	45	structure	structure	NOUN
fsr-3281	459	46	(	(	PUNCT
fsr-3281	459	47	front	front	NOUN
fsr-3281	459	48	and	and	CCONJ
fsr-3281	459	49	back	back	NOUN
fsr-3281	459	50	loads	load	NOUN
fsr-3281	459	51	,	,	PUNCT
fsr-3281	459	52	management	management	NOUN
fsr-3281	459	53	fees	fee	NOUN
fsr-3281	459	54	,	,	PUNCT
fsr-3281	459	55	and	and	CCONJ
fsr-3281	459	56	performance	performance	NOUN
fsr-3281	459	57	fees	fee	NOUN
fsr-3281	459	58	)	)	PUNCT
fsr-3281	459	59	,	,	PUNCT
fsr-3281	459	60	inception	inception	NOUN
fsr-3281	459	61	dates	date	NOUN
fsr-3281	459	62	,	,	PUNCT
fsr-3281	459	63	and	and	CCONJ
fsr-3281	459	64	country	country	NOUN
fsr-3281	459	65	of	of	ADP
fsr-3281	459	66	incorporation	incorporation	NOUN
fsr-3281	459	67	.	.	PUNCT
fsr-3281	460	1	several	several	ADJ
fsr-3281	460	2	of	of	ADP
fsr-3281	460	3	the	the	DET
fsr-3281	460	4	individual	individual	ADJ
fsr-3281	460	5	funds	fund	NOUN
fsr-3281	460	6	are	be	AUX
fsr-3281	460	7	relatively	relatively	ADV
fsr-3281	460	8	new	new	ADJ
fsr-3281	460	9	(	(	PUNCT
fsr-3281	460	10	i.e.	i.e.	X
fsr-3281	460	11	,	,	PUNCT
fsr-3281	460	12	only	only	ADV
fsr-3281	460	13	established	establish	VERB
fsr-3281	460	14	in	in	ADP
fsr-3281	460	15	2015	2015	NUM
fsr-3281	460	16	)	)	PUNCT
fsr-3281	460	17	.	.	PUNCT
fsr-3281	461	1	fund	fund	NOUN
fsr-3281	461	2	returns	return	NOUN
fsr-3281	461	3	have	have	AUX
fsr-3281	461	4	been	be	AUX
fsr-3281	461	5	mixed	mix	VERB
fsr-3281	461	6	over	over	ADP
fsr-3281	461	7	time	time	NOUN
fsr-3281	461	8	.	.	PUNCT
fsr-3281	462	1	the	the	DET
fsr-3281	462	2	monthly	monthly	ADJ
fsr-3281	462	3	returns	return	NOUN
fsr-3281	462	4	,	,	PUNCT
fsr-3281	462	5	reported	report	VERB
fsr-3281	462	6	for	for	ADP
fsr-3281	462	7	a	a	DET
fsr-3281	462	8	represented	represent	VERB
fsr-3281	462	9	fund	fund	NOUN
fsr-3281	462	10	within	within	ADP
fsr-3281	462	11	each	each	DET
fsr-3281	462	12	fund	fund	NOUN
fsr-3281	462	13	family	family	NOUN
fsr-3281	462	14	,	,	PUNCT
fsr-3281	462	15	are	be	AUX
fsr-3281	462	16	very	very	ADV
fsr-3281	462	17	variable	variable	ADJ
fsr-3281	462	18	as	as	SCONJ
fsr-3281	462	19	shown	show	VERB
fsr-3281	462	20	by	by	ADP
fsr-3281	462	21	the	the	DET
fsr-3281	462	22	range	range	NOUN
fsr-3281	462	23	of	of	ADP
fsr-3281	462	24	monthly	monthly	ADJ
fsr-3281	462	25	returns	return	NOUN
fsr-3281	462	26	that	that	PRON
fsr-3281	462	27	vary	vary	VERB
fsr-3281	462	28	from	from	ADP
fsr-3281	462	29	extremes	extreme	NOUN
fsr-3281	462	30	in	in	ADP
fsr-3281	462	31	the	the	DET
fsr-3281	462	32	schroder	schroder	NOUN
fsr-3281	462	33	fund	fund	NOUN
fsr-3281	462	34	(	(	PUNCT
fsr-3281	462	35	minimum	minimum	PROPN
fsr-3281	462	36	�	�	PROPN
fsr-3281	462	37	33.25	33.25	NUM
fsr-3281	462	38	%	%	NOUN
fsr-3281	462	39	;	;	PUNCT
fsr-3281	462	40	maximum	maximum	PROPN
fsr-3281	462	41	64.88	64.88	NUM
fsr-3281	462	42	%	%	NOUN
fsr-3281	462	43	;	;	PUNCT
fsr-3281	462	44	mean	mean	NOUN
fsr-3281	462	45	10.01	10.01	NUM
fsr-3281	462	46	%	%	NOUN
fsr-3281	462	47	;	;	PUNCT
fsr-3281	462	48	standard	standard	ADJ
fsr-3281	462	49	deviation	deviation	NOUN
fsr-3281	462	50	19.81	19.81	NUM
fsr-3281	462	51	%	%	NOUN
fsr-3281	462	52	)	)	PUNCT
fsr-3281	462	53	to	to	ADP
fsr-3281	462	54	the	the	DET
fsr-3281	462	55	more	more	ADV
fsr-3281	462	56	compact	compact	ADJ
fsr-3281	462	57	set	set	NOUN
fsr-3281	462	58	of	of	ADP
fsr-3281	462	59	returns	return	NOUN
fsr-3281	462	60	fund	fund	NOUN
fsr-3281	462	61	within	within	ADP
fsr-3281	462	62	the	the	DET
fsr-3281	462	63	az	az	PROPN
fsr-3281	462	64	fund	fund	PROPN
fsr-3281	462	65	(	(	PUNCT
fsr-3281	462	66	minimum	minimum	PROPN
fsr-3281	462	67	�	�	PROPN
fsr-3281	462	68	1.03	1.03	NUM
fsr-3281	462	69	%	%	NOUN
fsr-3281	462	70	;	;	PUNCT
fsr-3281	462	71	maximum	maximum	ADJ
fsr-3281	462	72	0.48	0.48	NUM
fsr-3281	462	73	%	%	NOUN
fsr-3281	462	74	;	;	PUNCT
fsr-3281	462	75	mean	mean	NOUN
fsr-3281	462	76	0.09	0.09	NUM
fsr-3281	462	77	%	%	NOUN
fsr-3281	462	78	;	;	PUNCT
fsr-3281	462	79	standard	standard	ADJ
fsr-3281	462	80	deviation	deviation	NOUN
fsr-3281	462	81	0.25	0.25	NUM
fsr-3281	462	82	%	%	NOUN
fsr-3281	462	83	)	)	PUNCT
fsr-3281	462	84	.	.	PUNCT
fsr-3281	463	1	monthly	monthly	ADJ
fsr-3281	463	2	return	return	NOUN
fsr-3281	463	3	values	value	NOUN
fsr-3281	463	4	are	be	AUX
fsr-3281	463	5	reported	report	VERB
fsr-3281	463	6	in	in	ADP
fsr-3281	463	7	table	table	NOUN
fsr-3281	463	8	9	9	NUM
fsr-3281	463	9	.	.	PUNCT
fsr-3281	464	1	the	the	DET
fsr-3281	464	2	percentage	percentage	NOUN
fsr-3281	464	3	of	of	ADP
fsr-3281	464	4	months	month	NOUN
fsr-3281	464	5	with	with	ADP
fsr-3281	464	6	negative	negative	ADJ
fsr-3281	464	7	returns	return	NOUN
fsr-3281	464	8	ranged	range	VERB
fsr-3281	464	9	from	from	ADP
fsr-3281	464	10	a	a	DET
fsr-3281	464	11	low	low	NOUN
fsr-3281	464	12	of	of	ADP
fsr-3281	464	13	15.7	15.7	NUM
fsr-3281	464	14	%	%	NOUN
fsr-3281	464	15	(	(	PUNCT
fsr-3281	464	16	gam	gam	NOUN
fsr-3281	464	17	cat	cat	NOUN
fsr-3281	464	18	bond	bond	PROPN
fsr-3281	464	19	)	)	PUNCT
fsr-3281	464	20	to	to	ADP
fsr-3281	464	21	a	a	DET
fsr-3281	464	22	high	high	NOUN
fsr-3281	464	23	of	of	ADP
fsr-3281	464	24	29.3	29.3	NUM
fsr-3281	464	25	%	%	NOUN
fsr-3281	464	26	(	(	PUNCT
fsr-3281	464	27	lgt	lgt	PROPN
fsr-3281	464	28	cat	cat	NOUN
fsr-3281	464	29	bond	bond	NOUN
fsr-3281	464	30	)	)	PUNCT
fsr-3281	464	31	.	.	PUNCT
fsr-3281	465	1	other	other	ADJ
fsr-3281	465	2	relevant	relevant	ADJ
fsr-3281	465	3	factors	factor	NOUN
fsr-3281	465	4	show	show	VERB
fsr-3281	465	5	low	low	ADJ
fsr-3281	465	6	betas	beta	NOUN
fsr-3281	465	7	(	(	PUNCT
fsr-3281	465	8	0.3	0.3	NUM
fsr-3281	465	9	)	)	PUNCT
fsr-3281	465	10	for	for	ADP
fsr-3281	465	11	all	all	DET
fsr-3281	465	12	six	six	NUM
fsr-3281	465	13	funds	fund	NOUN
fsr-3281	465	14	which	which	PRON
fsr-3281	465	15	supports	support	VERB
fsr-3281	465	16	the	the	DET
fsr-3281	465	17	cat	cat	NOUN
fsr-3281	465	18	bonds	bond	NOUN
fsr-3281	465	19	role	role	NOUN
fsr-3281	465	20	in	in	ADP
fsr-3281	465	21	diversifying	diversify	VERB
fsr-3281	465	22	a	a	DET
fsr-3281	465	23	portfolio	portfolio	NOUN
fsr-3281	465	24	and	and	CCONJ
fsr-3281	465	25	alphas	alpha	NOUN
fsr-3281	465	26	of	of	ADP
fsr-3281	465	27	approximately	approximately	ADV
fsr-3281	465	28	0	0	NUM
fsr-3281	465	29	.	.	PUNCT
fsr-3281	466	1	more	more	ADJ
fsr-3281	466	2	summary	summary	NOUN
fsr-3281	466	3	statistics	statistic	NOUN
fsr-3281	466	4	by	by	ADP
fsr-3281	466	5	time	time	NOUN
fsr-3281	466	6	period	period	NOUN
fsr-3281	466	7	are	be	AUX
fsr-3281	466	8	reported	report	VERB
fsr-3281	466	9	in	in	ADP
fsr-3281	466	10	table	table	NOUN
fsr-3281	466	11	10	10	NUM
fsr-3281	466	12	.	.	PUNCT
fsr-3281	467	1	a	a	DET
fsr-3281	467	2	cautionary	cautionary	ADJ
fsr-3281	467	3	factor	factor	NOUN
fsr-3281	467	4	is	be	AUX
fsr-3281	467	5	that	that	SCONJ
fsr-3281	467	6	not	not	PART
fsr-3281	467	7	every	every	DET
fsr-3281	467	8	fund	fund	NOUN
fsr-3281	467	9	within	within	ADP
fsr-3281	467	10	the	the	DET
fsr-3281	467	11	fund	fund	NOUN
fsr-3281	467	12	family	family	NOUN
fsr-3281	467	13	duplicates	duplicate	VERB
fsr-3281	467	14	these	these	DET
fsr-3281	467	15	results	result	NOUN
fsr-3281	467	16	.	.	PUNCT
fsr-3281	468	1	the	the	DET
fsr-3281	468	2	summaries	summary	NOUN
fsr-3281	468	3	are	be	AUX
fsr-3281	468	4	just	just	ADV
fsr-3281	468	5	representative	representative	ADJ
fsr-3281	468	6	of	of	ADP
fsr-3281	468	7	the	the	DET
fsr-3281	468	8	results	result	NOUN
fsr-3281	468	9	.	.	PUNCT
fsr-3281	469	1	all	all	DET
fsr-3281	469	2	table	table	NOUN
fsr-3281	469	3	10	10	NUM
fsr-3281	469	4	summary	summary	NOUN
fsr-3281	469	5	statistics	statistic	NOUN
fsr-3281	469	6	for	for	ADP
fsr-3281	469	7	catastrophe	catastrophe	NOUN
fsr-3281	469	8	(	(	PUNCT
fsr-3281	469	9	cat	cat	NOUN
fsr-3281	469	10	)	)	PUNCT
fsr-3281	469	11	funds	fund	NOUN
fsr-3281	469	12	period	period	NOUN
fsr-3281	469	13	statistic	statistic	PROPN
fsr-3281	469	14	az	az	PROPN
fsr-3281	469	15	gam	gam	PROPN
fsr-3281	469	16	lgt	lgt	PROPN
fsr-3281	469	17	plenum	plenum	PROPN
fsr-3281	469	18	schroder	schroder	PROPN
fsr-3281	469	19	solidum	solidum	PROPN
fsr-3281	469	20	whole	whole	ADV
fsr-3281	469	21	mean	mean	VERB
fsr-3281	469	22	0.10	0.10	NUM
fsr-3281	469	23	%	%	NOUN
fsr-3281	469	24	0.49	0.49	NUM
fsr-3281	469	25	%	%	NOUN
fsr-3281	469	26	3.25	3.25	NUM
fsr-3281	469	27	%	%	NOUN
fsr-3281	469	28	3.39	3.39	NUM
fsr-3281	469	29	%	%	NOUN
fsr-3281	469	30	10.01	10.01	NUM
fsr-3281	469	31	%	%	NOUN
fsr-3281	469	32	1.48	1.48	NUM
fsr-3281	469	33	%	%	NOUN
fsr-3281	469	34	�	�	PROPN
fsr-3281	469	35	0.24	0.24	NUM
fsr-3281	469	36	%	%	NOUN
fsr-3281	469	37	0.51	0.51	NUM
fsr-3281	469	38	%	%	NOUN
fsr-3281	469	39	5.05	5.05	NUM
fsr-3281	469	40	%	%	NOUN
fsr-3281	469	41	4.48	4.48	NUM
fsr-3281	469	42	%	%	NOUN
fsr-3281	469	43	19.81	19.81	NUM
fsr-3281	469	44	%	%	NOUN
fsr-3281	469	45	2.09	2.09	NUM
fsr-3281	469	46	%	%	NOUN
fsr-3281	469	47	max	max	NOUN
fsr-3281	469	48	0.48	0.48	NUM
fsr-3281	469	49	%	%	NOUN
fsr-3281	469	50	1.82	1.82	NUM
fsr-3281	469	51	%	%	NOUN
fsr-3281	469	52	17.09	17.09	NUM
fsr-3281	469	53	%	%	NOUN
fsr-3281	469	54	19.85	19.85	NUM
fsr-3281	469	55	%	%	NOUN
fsr-3281	469	56	64.88	64.88	NUM
fsr-3281	469	57	%	%	NOUN
fsr-3281	469	58	6.74	6.74	NUM
fsr-3281	469	59	%	%	NOUN
fsr-3281	469	60	min	min	NOUN
fsr-3281	469	61	�	�	PROPN
fsr-3281	469	62	1.03	1.03	NUM
fsr-3281	469	63	%	%	NOUN
fsr-3281	469	64	�	�	NOUN
fsr-3281	469	65	0.75	0.75	NUM
fsr-3281	469	66	%	%	NOUN
fsr-3281	469	67	�	�	NOUN
fsr-3281	469	68	4.10	4.10	NUM
fsr-3281	469	69	%	%	NOUN
fsr-3281	469	70	�	�	NOUN
fsr-3281	469	71	2.27	2.27	NUM
fsr-3281	469	72	%	%	NOUN
fsr-3281	469	73	�	�	NOUN
fsr-3281	469	74	33.25	33.25	NUM
fsr-3281	469	75	%	%	NOUN
fsr-3281	469	76	�	�	NOUN
fsr-3281	469	77	4.73	4.73	NUM
fsr-3281	469	78	%	%	NOUN
fsr-3281	469	79	positives	positive	NOUN
fsr-3281	469	80	39	39	NUM
fsr-3281	469	81	43	43	NUM
fsr-3281	469	82	29	29	NUM
fsr-3281	469	83	33	33	NUM
fsr-3281	469	84	18	18	NUM
fsr-3281	469	85	33	33	NUM
fsr-3281	469	86	sharpe	sharpe	PROPN
fsr-3281	469	87	�	�	PROPN
fsr-3281	469	88	0.8332	0.8332	NUM
fsr-3281	469	89	0.3655	0.3655	NUM
fsr-3281	469	90	0.5375	0.5375	NUM
fsr-3281	469	91	0.7320	0.7320	NUM
fsr-3281	469	92	0.4901	0.4901	NUM
fsr-3281	469	93	0.5377	0.5377	NUM
fsr-3281	469	94	alpha	alpha	NOUN
fsr-3281	469	95	�	�	PROPN
fsr-3281	469	96	0.001	0.001	NUM
fsr-3281	469	97	0.076	0.076	NUM
fsr-3281	469	98	0.057	0.057	NUM
fsr-3281	469	99	0.032	0.032	NUM
fsr-3281	469	100	0.147	0.147	NUM
fsr-3281	469	101	0.040	0.040	NUM
fsr-3281	469	102	beta	beta	NOUN
fsr-3281	469	103	0.337	0.337	NUM
fsr-3281	469	104	0.330	0.330	NUM
fsr-3281	469	105	0.372	0.372	NUM
fsr-3281	469	106	0.333	0.333	NUM
fsr-3281	469	107	0.316	0.316	NUM
fsr-3281	469	108	0.325	0.325	NUM
fsr-3281	469	109	count	count	NOUN
fsr-3281	469	110	53	53	NUM
fsr-3281	469	111	51	51	NUM
fsr-3281	469	112	41	41	NUM
fsr-3281	469	113	40	40	NUM
fsr-3281	469	114	26	26	NUM
fsr-3281	469	115	40	40	NUM
fsr-3281	469	116	1	1	NUM
fsr-3281	469	117	year	year	NOUN
fsr-3281	469	118	mean	mean	NOUN
fsr-3281	469	119	�	�	PROPN
fsr-3281	469	120	0.11	0.11	NUM
fsr-3281	469	121	%	%	NOUN
fsr-3281	469	122	0.20	0.20	NUM
fsr-3281	469	123	%	%	NOUN
fsr-3281	469	124	0.28	0.28	NUM
fsr-3281	469	125	%	%	NOUN
fsr-3281	469	126	1.53	1.53	NUM
fsr-3281	469	127	%	%	NOUN
fsr-3281	469	128	5.16	5.16	NUM
fsr-3281	469	129	%	%	NOUN
fsr-3281	469	130	0.19	0.19	NUM
fsr-3281	469	131	%	%	NOUN
fsr-3281	469	132	�	�	PROPN
fsr-3281	469	133	0.34	0.34	NUM
fsr-3281	469	134	%	%	NOUN
fsr-3281	469	135	0.37	0.37	NUM
fsr-3281	469	136	%	%	NOUN
fsr-3281	469	137	2.49	2.49	NUM
fsr-3281	469	138	%	%	NOUN
fsr-3281	469	139	2.12	2.12	NUM
fsr-3281	469	140	%	%	NOUN
fsr-3281	469	141	12.46	12.46	NUM
fsr-3281	469	142	%	%	NOUN
fsr-3281	469	143	1.86	1.86	NUM
fsr-3281	469	144	%	%	NOUN
fsr-3281	469	145	positives	positive	NOUN
fsr-3281	469	146	4	4	NUM
fsr-3281	469	147	7	7	NUM
fsr-3281	469	148	7	7	NUM
fsr-3281	469	149	9	9	NUM
fsr-3281	469	150	8	8	NUM
fsr-3281	469	151	9	9	NUM
fsr-3281	469	152	2	2	NUM
fsr-3281	469	153	years	year	NOUN
fsr-3281	469	154	mean	mean	VERB
fsr-3281	469	155	�	�	NOUN
fsr-3281	469	156	0.01	0.01	NUM
fsr-3281	469	157	%	%	NOUN
fsr-3281	469	158	0.30	0.30	NUM
fsr-3281	469	159	%	%	NOUN
fsr-3281	469	160	0.92	0.92	NUM
fsr-3281	469	161	%	%	NOUN
fsr-3281	469	162	1.75	1.75	NUM
fsr-3281	469	163	%	%	NOUN
fsr-3281	469	164	11.11	11.11	NUM
fsr-3281	469	165	%	%	NOUN
fsr-3281	469	166	0.64	0.64	NUM
fsr-3281	469	167	%	%	NOUN
fsr-3281	469	168	�	�	NOUN
fsr-3281	469	169	0.26	0.26	NUM
fsr-3281	469	170	%	%	NOUN
fsr-3281	469	171	0.37	0.37	NUM
fsr-3281	469	172	%	%	NOUN
fsr-3281	469	173	2.89	2.89	NUM
fsr-3281	469	174	%	%	NOUN
fsr-3281	469	175	2.61	2.61	NUM
fsr-3281	469	176	%	%	NOUN
fsr-3281	469	177	20.85	20.85	NUM
fsr-3281	469	178	%	%	NOUN
fsr-3281	469	179	1.54	1.54	NUM
fsr-3281	469	180	%	%	NOUN
fsr-3281	469	181	positives	positive	NOUN
fsr-3281	469	182	14	14	NUM
fsr-3281	469	183	17	17	NUM
fsr-3281	469	184	15	15	NUM
fsr-3281	469	185	17	17	NUM
fsr-3281	469	186	16	16	NUM
fsr-3281	469	187	19	19	NUM
fsr-3281	469	188	3	3	NUM
fsr-3281	469	189	years	year	NOUN
fsr-3281	469	190	mean	mean	VERB
fsr-3281	469	191	0.06	0.06	NUM
fsr-3281	469	192	%	%	NOUN
fsr-3281	469	193	0.45	0.45	NUM
fsr-3281	469	194	%	%	NOUN
fsr-3281	469	195	2.91	2.91	NUM
fsr-3281	469	196	%	%	NOUN
fsr-3281	469	197	3.13	3.13	NUM
fsr-3281	469	198	%	%	NOUN
fsr-3281	469	199	1.26	1.26	NUM
fsr-3281	469	200	%	%	NOUN
fsr-3281	469	201	�	�	NOUN
fsr-3281	469	202	0.25	0.25	NUM
fsr-3281	469	203	%	%	NOUN
fsr-3281	469	204	0.43	0.43	NUM
fsr-3281	469	205	%	%	NOUN
fsr-3281	469	206	4.56	4.56	NUM
fsr-3281	469	207	%	%	NOUN
fsr-3281	469	208	3.74	3.74	NUM
fsr-3281	469	209	%	%	NOUN
fsr-3281	469	210	1.83	1.83	NUM
fsr-3281	469	211	%	%	NOUN
fsr-3281	469	212	positives	positive	NOUN
fsr-3281	469	213	25	25	NUM
fsr-3281	469	214	29	29	NUM
fsr-3281	469	215	26	26	NUM
fsr-3281	469	216	29	29	NUM
fsr-3281	469	217	30	30	NUM
fsr-3281	469	218	4	4	NUM
fsr-3281	469	219	years	year	NOUN
fsr-3281	469	220	mean	mean	VERB
fsr-3281	469	221	0.10	0.10	NUM
fsr-3281	469	222	%	%	NOUN
fsr-3281	469	223	0.51	0.51	NUM
fsr-3281	469	224	%	%	NOUN
fsr-3281	469	225	�	�	PROPN
fsr-3281	469	226	0.25	0.25	NUM
fsr-3281	469	227	%	%	NOUN
fsr-3281	469	228	0.52	0.52	NUM
fsr-3281	469	229	%	%	NOUN
fsr-3281	469	230	positives	positive	NOUN
fsr-3281	469	231	35	35	NUM
fsr-3281	469	232	40	40	NUM
fsr-3281	469	233	inception	inception	NOUN
fsr-3281	469	234	:	:	PUNCT
fsr-3281	469	235	earliest	early	ADJ
fsr-3281	469	236	11/1/2011	11/1/2011	NUM
fsr-3281	469	237	10/31/2011	10/31/2011	NUM
fsr-3281	469	238	5/1/2001	5/1/2001	NUM
fsr-3281	469	239	9/6/2010	9/6/2010	NOUN
fsr-3281	469	240	10/21/2013	10/21/2013	NUM
fsr-3281	469	241	9/30/2009	9/30/2009	NUM
fsr-3281	469	242	inception	inception	NOUN
fsr-3281	469	243	:	:	PUNCT
fsr-3281	470	1	latest	late	ADJ
fsr-3281	470	2	10/1/2013	10/1/2013	NUM
fsr-3281	470	3	8/31/2015	8/31/2015	NUM
fsr-3281	470	4	12/16/2013	12/16/2013	NUM
fsr-3281	470	5	9/29/2014	9/29/2014	NUM
fsr-3281	470	6	3/31/2015	3/31/2015	NUM
fsr-3281	470	7	4/5/2012	4/5/2012	NUM
fsr-3281	470	8	note	note	NOUN
fsr-3281	470	9	:	:	PUNCT
fsr-3281	470	10	1	1	NUM
fsr-3281	470	11	year	year	NOUN
fsr-3281	470	12	period	period	NOUN
fsr-3281	470	13	(	(	PUNCT
fsr-3281	470	14	1/2015–12/2015	1/2015–12/2015	NUM
fsr-3281	470	15	)	)	PUNCT
fsr-3281	470	16	;	;	PUNCT
fsr-3281	470	17	2	2	NUM
fsr-3281	470	18	year	year	NOUN
fsr-3281	470	19	period	period	NOUN
fsr-3281	470	20	(	(	PUNCT
fsr-3281	470	21	1/2014–12/2015	1/2014–12/2015	NUM
fsr-3281	470	22	)	)	PUNCT
fsr-3281	470	23	;	;	PUNCT
fsr-3281	470	24	3	3	NUM
fsr-3281	470	25	year	year	NOUN
fsr-3281	470	26	period	period	NOUN
fsr-3281	470	27	(	(	PUNCT
fsr-3281	470	28	1/2013–12/2015	1/2013–12/2015	NOUN
fsr-3281	470	29	)	)	PUNCT
fsr-3281	470	30	;	;	PUNCT
fsr-3281	470	31	4	4	NUM
fsr-3281	470	32	year	year	NOUN
fsr-3281	470	33	period	period	NOUN
fsr-3281	470	34	(	(	PUNCT
fsr-3281	470	35	1/2012–12/2015	1/2012–12/2015	NOUN
fsr-3281	470	36	)	)	PUNCT
fsr-3281	470	37	;	;	PUNCT
fsr-3281	470	38	and	and	CCONJ
fsr-3281	470	39	whole	whole	ADJ
fsr-3281	470	40	period	period	NOUN
fsr-3281	470	41	varies	vary	VERB
fsr-3281	470	42	by	by	ADP
fsr-3281	470	43	fund	fund	NOUN
fsr-3281	470	44	.	.	PUNCT
fsr-3281	471	1	323r.j	323r.j	X
fsr-3281	471	2	.	.	PUNCT
fsr-3281	471	3	kish	kish	PROPN
fsr-3281	471	4	/	/	SYM
fsr-3281	471	5	financial	financial	ADJ
fsr-3281	471	6	services	service	NOUN
fsr-3281	471	7	review	review	VERB
fsr-3281	471	8	25	25	NUM
fsr-3281	471	9	(	(	PUNCT
fsr-3281	471	10	2016	2016	NUM
fsr-3281	471	11	)	)	PUNCT
fsr-3281	472	1	303–329	303–329	NUM
fsr-3281	472	2	the	the	DET
fsr-3281	472	3	cat	cat	NOUN
fsr-3281	472	4	funds	fund	NOUN
fsr-3281	472	5	have	have	VERB
fsr-3281	472	6	positive	positive	ADJ
fsr-3281	472	7	correlations	correlation	NOUN
fsr-3281	472	8	among	among	ADP
fsr-3281	472	9	each	each	DET
fsr-3281	472	10	other	other	ADJ
fsr-3281	472	11	ranging	range	VERB
fsr-3281	472	12	from	from	ADP
fsr-3281	472	13	0.44	0.44	NUM
fsr-3281	472	14	(	(	PUNCT
fsr-3281	472	15	az	az	PROPN
fsr-3281	472	16	and	and	CCONJ
fsr-3281	472	17	schroder	schroder	NOUN
fsr-3281	472	18	)	)	PUNCT
fsr-3281	472	19	to	to	ADP
fsr-3281	472	20	0.86	0.86	NUM
fsr-3281	472	21	(	(	PUNCT
fsr-3281	472	22	az	az	PROPN
fsr-3281	472	23	with	with	ADP
fsr-3281	472	24	solidum	solidum	NOUN
fsr-3281	472	25	)	)	PUNCT
fsr-3281	472	26	.	.	PUNCT
fsr-3281	473	1	this	this	PRON
fsr-3281	473	2	offers	offer	VERB
fsr-3281	473	3	support	support	NOUN
fsr-3281	473	4	that	that	SCONJ
fsr-3281	473	5	the	the	DET
fsr-3281	473	6	funds	fund	NOUN
fsr-3281	473	7	are	be	AUX
fsr-3281	473	8	operating	operate	VERB
fsr-3281	473	9	within	within	ADP
fsr-3281	473	10	the	the	DET
fsr-3281	473	11	same	same	ADJ
fsr-3281	473	12	set	set	NOUN
fsr-3281	473	13	of	of	ADP
fsr-3281	473	14	investments	investment	NOUN
fsr-3281	473	15	.	.	PUNCT
fsr-3281	474	1	the	the	DET
fsr-3281	474	2	cat	cat	NOUN
fsr-3281	474	3	funds	fund	NOUN
fsr-3281	474	4	show	show	VERB
fsr-3281	474	5	low	low	ADJ
fsr-3281	474	6	correlations	correlation	NOUN
fsr-3281	474	7	with	with	ADP
fsr-3281	474	8	the	the	DET
fsr-3281	474	9	ml	ml	ADV
fsr-3281	474	10	speculative	speculative	ADJ
fsr-3281	474	11	grade	grade	NOUN
fsr-3281	474	12	bond	bond	NOUN
fsr-3281	474	13	funds	fund	NOUN
fsr-3281	474	14	(	(	PUNCT
fsr-3281	474	15	range	range	NOUN
fsr-3281	474	16	�	�	PROPN
fsr-3281	474	17	0.128	0.128	NUM
fsr-3281	474	18	to	to	ADP
fsr-3281	474	19	0.440	0.440	NUM
fsr-3281	474	20	with	with	ADP
fsr-3281	474	21	most	most	ADJ
fsr-3281	474	22	correlations	correlation	NOUN
fsr-3281	474	23	close	close	ADV
fsr-3281	474	24	to	to	ADP
fsr-3281	474	25	0	0	NUM
fsr-3281	474	26	)	)	PUNCT
fsr-3281	474	27	.	.	PUNCT
fsr-3281	475	1	correlations	correlation	NOUN
fsr-3281	475	2	to	to	ADP
fsr-3281	475	3	the	the	DET
fsr-3281	475	4	s&p500	s&p500	NOUN
fsr-3281	475	5	index	index	NOUN
fsr-3281	475	6	are	be	AUX
fsr-3281	475	7	also	also	ADV
fsr-3281	475	8	close	close	ADJ
fsr-3281	475	9	to	to	ADP
fsr-3281	475	10	0	0	NUM
fsr-3281	475	11	.	.	PUNCT
fsr-3281	476	1	see	see	VERB
fsr-3281	476	2	table	table	NOUN
fsr-3281	476	3	11	11	NUM
fsr-3281	476	4	for	for	ADP
fsr-3281	476	5	the	the	DET
fsr-3281	476	6	complete	complete	ADJ
fsr-3281	476	7	correlation	correlation	NOUN
fsr-3281	476	8	table	table	NOUN
fsr-3281	476	9	.	.	PUNCT
fsr-3281	477	1	similar	similar	ADJ
fsr-3281	477	2	to	to	ADP
fsr-3281	477	3	the	the	DET
fsr-3281	477	4	earlier	early	ADJ
fsr-3281	477	5	analysis	analysis	NOUN
fsr-3281	477	6	,	,	PUNCT
fsr-3281	477	7	the	the	DET
fsr-3281	477	8	null	null	ADJ
fsr-3281	477	9	hypothesis	hypothesis	NOUN
fsr-3281	477	10	of	of	ADP
fsr-3281	477	11	the	the	DET
fsr-3281	477	12	test	test	NOUN
fsr-3281	477	13	of	of	ADP
fsr-3281	477	14	the	the	DET
fsr-3281	477	15	mean	mean	NOUN
fsr-3281	477	16	of	of	ADP
fsr-3281	477	17	the	the	DET
fsr-3281	477	18	differences	difference	NOUN
fsr-3281	477	19	predicting	predict	VERB
fsr-3281	477	20	no	no	DET
fsr-3281	477	21	advantage	advantage	NOUN
fsr-3281	477	22	of	of	ADP
fsr-3281	477	23	to	to	ADP
fsr-3281	477	24	either	either	CCONJ
fsr-3281	477	25	the	the	DET
fsr-3281	477	26	cat	cat	NOUN
fsr-3281	477	27	fund	fund	NOUN
fsr-3281	477	28	or	or	CCONJ
fsr-3281	477	29	the	the	DET
fsr-3281	477	30	speculative	speculative	ADJ
fsr-3281	477	31	rated	rate	VERB
fsr-3281	477	32	corporate	corporate	ADJ
fsr-3281	477	33	funds	fund	NOUN
fsr-3281	477	34	show	show	VERB
fsr-3281	477	35	in	in	ADP
fsr-3281	477	36	general	general	ADJ
fsr-3281	477	37	that	that	SCONJ
fsr-3281	477	38	the	the	DET
fsr-3281	477	39	cat	cat	NOUN
fsr-3281	477	40	funds	fund	NOUN
fsr-3281	477	41	outperformed	outperform	VERB
fsr-3281	477	42	the	the	DET
fsr-3281	477	43	speculative	speculative	ADJ
fsr-3281	477	44	grade	grade	NOUN
fsr-3281	477	45	corporate	corporate	ADJ
fsr-3281	477	46	bond	bond	NOUN
fsr-3281	477	47	indices	index	NOUN
fsr-3281	477	48	as	as	SCONJ
fsr-3281	477	49	indicated	indicate	VERB
fsr-3281	477	50	by	by	ADP
fsr-3281	477	51	their	their	PRON
fsr-3281	477	52	negative	negative	ADJ
fsr-3281	477	53	values	value	NOUN
fsr-3281	477	54	except	except	SCONJ
fsr-3281	477	55	within	within	ADP
fsr-3281	477	56	the	the	DET
fsr-3281	477	57	analysis	analysis	NOUN
fsr-3281	477	58	of	of	ADP
fsr-3281	477	59	the	the	DET
fsr-3281	477	60	outlier	outlier	NOUN
fsr-3281	477	61	fund	fund	PROPN
fsr-3281	477	62	az	az	PROPN
fsr-3281	477	63	cat	cat	PROPN
fsr-3281	477	64	fund	fund	PROPN
fsr-3281	477	65	.	.	PUNCT
fsr-3281	478	1	for	for	ADP
fsr-3281	478	2	example	example	NOUN
fsr-3281	478	3	,	,	PUNCT
fsr-3281	478	4	plenum	plenum	PROPN
fsr-3281	478	5	cat	cat	PROPN
fsr-3281	478	6	bond	bond	PROPN
fsr-3281	478	7	fund	fund	NOUN
fsr-3281	478	8	shows	show	VERB
fsr-3281	478	9	significantly	significantly	ADV
fsr-3281	478	10	higher	high	ADJ
fsr-3281	478	11	returns	return	NOUN
fsr-3281	478	12	over	over	ADP
fsr-3281	478	13	all	all	DET
fsr-3281	478	14	3	3	NUM
fsr-3281	478	15	speculative	speculative	ADJ
fsr-3281	478	16	bond	bond	NOUN
fsr-3281	478	17	funds	fund	NOUN
fsr-3281	478	18	(	(	PUNCT
fsr-3281	478	19	bb	bb	NOUN
fsr-3281	478	20	,	,	PUNCT
fsr-3281	478	21	b	b	NOUN
fsr-3281	478	22	,	,	PUNCT
fsr-3281	478	23	and	and	CCONJ
fsr-3281	478	24	ccc	ccc	PROPN
fsr-3281	478	25	)	)	PUNCT
fsr-3281	478	26	during	during	ADP
fsr-3281	478	27	the	the	DET
fsr-3281	478	28	whole	whole	ADJ
fsr-3281	478	29	period	period	NOUN
fsr-3281	478	30	and	and	CCONJ
fsr-3281	478	31	over	over	ADP
fsr-3281	478	32	both	both	CCONJ
fsr-3281	478	33	the	the	DET
fsr-3281	478	34	twoand	twoand	ADJ
fsr-3281	478	35	three	three	NUM
fsr-3281	478	36	-	-	PUNCT
fsr-3281	478	37	year	year	NOUN
fsr-3281	478	38	periods	period	NOUN
fsr-3281	478	39	.	.	PUNCT
fsr-3281	479	1	however	however	ADV
fsr-3281	479	2	,	,	PUNCT
fsr-3281	479	3	the	the	DET
fsr-3281	479	4	az	az	PROPN
fsr-3281	479	5	cat	cat	PROPN
fsr-3281	479	6	fund	fund	PROPN
fsr-3281	479	7	shows	show	VERB
fsr-3281	479	8	positive	positive	ADJ
fsr-3281	479	9	values	value	NOUN
fsr-3281	479	10	indicating	indicate	VERB
fsr-3281	479	11	subpar	subpar	ADJ
fsr-3281	479	12	performance	performance	NOUN
fsr-3281	479	13	when	when	SCONJ
fsr-3281	479	14	measured	measure	VERB
fsr-3281	479	15	against	against	ADP
fsr-3281	479	16	the	the	DET
fsr-3281	479	17	speculative	speculative	ADJ
fsr-3281	479	18	grade	grade	NOUN
fsr-3281	479	19	corporate	corporate	ADJ
fsr-3281	479	20	bond	bond	NOUN
fsr-3281	479	21	sector	sector	NOUN
fsr-3281	479	22	.	.	PUNCT
fsr-3281	480	1	unlike	unlike	ADP
fsr-3281	480	2	the	the	DET
fsr-3281	480	3	previous	previous	ADJ
fsr-3281	480	4	comparisons	comparison	NOUN
fsr-3281	480	5	for	for	ADP
fsr-3281	480	6	the	the	DET
fsr-3281	480	7	broad	broad	ADJ
fsr-3281	480	8	market	market	NOUN
fsr-3281	480	9	cat	cat	NOUN
fsr-3281	480	10	proxies	proxy	NOUN
fsr-3281	480	11	,	,	PUNCT
fsr-3281	480	12	there	there	PRON
fsr-3281	480	13	are	be	VERB
fsr-3281	480	14	many	many	ADJ
fsr-3281	480	15	cases	case	NOUN
fsr-3281	480	16	of	of	ADP
fsr-3281	480	17	statistically	statistically	ADV
fsr-3281	480	18	significant	significant	ADJ
fsr-3281	480	19	results	result	NOUN
fsr-3281	480	20	.	.	PUNCT
fsr-3281	481	1	a	a	DET
fsr-3281	481	2	summary	summary	NOUN
fsr-3281	481	3	of	of	ADP
fsr-3281	481	4	the	the	DET
fsr-3281	481	5	results	result	NOUN
fsr-3281	481	6	are	be	AUX
fsr-3281	481	7	shown	show	VERB
fsr-3281	481	8	in	in	ADP
fsr-3281	481	9	table	table	NOUN
fsr-3281	481	10	12	12	NUM
fsr-3281	481	11	.	.	PUNCT
fsr-3281	482	1	in	in	ADP
fsr-3281	482	2	general	general	ADJ
fsr-3281	482	3	,	,	PUNCT
fsr-3281	482	4	the	the	DET
fsr-3281	482	5	null	null	ADJ
fsr-3281	482	6	hypothesis	hypothesis	NOUN
fsr-3281	482	7	of	of	ADP
fsr-3281	482	8	equal	equal	ADJ
fsr-3281	482	9	returns	return	NOUN
fsr-3281	482	10	between	between	ADP
fsr-3281	482	11	the	the	DET
fsr-3281	482	12	speculative	speculative	ADJ
fsr-3281	482	13	bond	bond	NOUN
fsr-3281	482	14	sector	sector	NOUN
fsr-3281	482	15	and	and	CCONJ
fsr-3281	482	16	the	the	DET
fsr-3281	482	17	cat	cat	NOUN
fsr-3281	482	18	bond	bond	NOUN
fsr-3281	482	19	sector	sector	NOUN
fsr-3281	482	20	could	could	AUX
fsr-3281	482	21	not	not	PART
fsr-3281	482	22	be	be	AUX
fsr-3281	482	23	supported	support	VERB
fsr-3281	482	24	.	.	PUNCT
fsr-3281	483	1	6	6	X
fsr-3281	483	2	.	.	X
fsr-3281	483	3	conclusion	conclusion	NOUN
fsr-3281	483	4	cat	cat	NOUN
fsr-3281	483	5	bonds	bond	NOUN
fsr-3281	483	6	were	be	AUX
fsr-3281	483	7	created	create	VERB
fsr-3281	483	8	to	to	PART
fsr-3281	483	9	give	give	VERB
fsr-3281	483	10	insurance	insurance	NOUN
fsr-3281	483	11	firms	firm	NOUN
fsr-3281	483	12	,	,	PUNCT
fsr-3281	483	13	reinsurance	reinsurance	NOUN
fsr-3281	483	14	firms	firm	NOUN
fsr-3281	483	15	,	,	PUNCT
fsr-3281	483	16	and	and	CCONJ
fsr-3281	483	17	government	government	NOUN
fsr-3281	483	18	entities	entity	NOUN
fsr-3281	483	19	an	an	DET
fsr-3281	483	20	additional	additional	ADJ
fsr-3281	483	21	option	option	NOUN
fsr-3281	483	22	for	for	ADP
fsr-3281	483	23	hedging	hedge	VERB
fsr-3281	483	24	catastrophic	catastrophic	ADJ
fsr-3281	483	25	risks	risk	NOUN
fsr-3281	483	26	from	from	ADP
fsr-3281	483	27	disasters	disaster	NOUN
fsr-3281	483	28	(	(	PUNCT
fsr-3281	483	29	both	both	CCONJ
fsr-3281	483	30	natural	natural	ADJ
fsr-3281	483	31	and	and	CCONJ
fsr-3281	483	32	man	man	NOUN
fsr-3281	483	33	-	-	PUNCT
fsr-3281	483	34	made	make	VERB
fsr-3281	483	35	)	)	PUNCT
fsr-3281	483	36	.	.	PUNCT
fsr-3281	484	1	these	these	DET
fsr-3281	484	2	risks	risk	NOUN
fsr-3281	484	3	are	be	AUX
fsr-3281	484	4	documented	document	VERB
fsr-3281	484	5	as	as	ADP
fsr-3281	484	6	extremes	extreme	NOUN
fsr-3281	484	7	further	far	ADV
fsr-3281	484	8	justifying	justify	VERB
fsr-3281	484	9	the	the	DET
fsr-3281	484	10	need	need	NOUN
fsr-3281	484	11	for	for	ADP
fsr-3281	484	12	an	an	DET
fsr-3281	484	13	offset	offset	NOUN
fsr-3281	484	14	.	.	PUNCT
fsr-3281	485	1	through	through	ADP
fsr-3281	485	2	a	a	DET
fsr-3281	485	3	set	set	NOUN
fsr-3281	485	4	of	of	ADP
fsr-3281	485	5	proxies	proxy	NOUN
fsr-3281	485	6	(	(	PUNCT
fsr-3281	485	7	indices	index	NOUN
fsr-3281	485	8	and	and	CCONJ
fsr-3281	485	9	hedge	hedge	NOUN
fsr-3281	485	10	funds	fund	NOUN
fsr-3281	485	11	)	)	PUNCT
fsr-3281	485	12	,	,	PUNCT
fsr-3281	485	13	the	the	DET
fsr-3281	485	14	returns	return	NOUN
fsr-3281	485	15	generated	generate	VERB
fsr-3281	485	16	more	more	ADV
fsr-3281	485	17	than	than	ADP
fsr-3281	485	18	offset	offset	VERB
fsr-3281	485	19	the	the	DET
fsr-3281	485	20	risks	risk	NOUN
fsr-3281	485	21	undertaken	undertake	VERB
fsr-3281	485	22	by	by	ADP
fsr-3281	485	23	investors	investor	NOUN
fsr-3281	485	24	,	,	PUNCT
fsr-3281	485	25	as	as	SCONJ
fsr-3281	485	26	indicated	indicate	VERB
fsr-3281	485	27	by	by	ADP
fsr-3281	485	28	the	the	DET
fsr-3281	485	29	results	result	NOUN
fsr-3281	485	30	from	from	ADP
fsr-3281	485	31	the	the	DET
fsr-3281	485	32	mean	mean	NOUN
fsr-3281	485	33	of	of	ADP
fsr-3281	485	34	the	the	DET
fsr-3281	485	35	difference	difference	NOUN
fsr-3281	485	36	tests	test	NOUN
fsr-3281	485	37	.	.	PUNCT
fsr-3281	486	1	the	the	DET
fsr-3281	486	2	cat	cat	NOUN
fsr-3281	486	3	bond	bond	NOUN
fsr-3281	486	4	indices	index	NOUN
fsr-3281	486	5	produced	produce	VERB
fsr-3281	486	6	similar	similar	ADJ
fsr-3281	486	7	to	to	ADP
fsr-3281	486	8	superior	superior	ADJ
fsr-3281	486	9	monthly	monthly	ADJ
fsr-3281	486	10	returns	return	NOUN
fsr-3281	486	11	versus	versus	ADP
fsr-3281	486	12	those	those	PRON
fsr-3281	486	13	within	within	ADP
fsr-3281	486	14	the	the	DET
fsr-3281	486	15	speculative	speculative	ADJ
fsr-3281	486	16	grade	grade	NOUN
fsr-3281	486	17	bond	bond	NOUN
fsr-3281	486	18	sector	sector	NOUN
fsr-3281	486	19	.	.	PUNCT
fsr-3281	487	1	with	with	ADP
fsr-3281	487	2	returns	return	NOUN
fsr-3281	487	3	at	at	ADP
fsr-3281	487	4	or	or	CCONJ
fsr-3281	487	5	above	above	ADP
fsr-3281	487	6	the	the	DET
fsr-3281	487	7	speculative	speculative	ADJ
fsr-3281	487	8	grade	grade	NOUN
fsr-3281	487	9	bond	bond	NOUN
fsr-3281	487	10	sector	sector	NOUN
fsr-3281	487	11	coupled	couple	VERB
fsr-3281	487	12	with	with	ADP
fsr-3281	487	13	a	a	DET
fsr-3281	487	14	low	low	ADJ
fsr-3281	487	15	probability	probability	NOUN
fsr-3281	487	16	of	of	ADP
fsr-3281	487	17	the	the	DET
fsr-3281	487	18	bondholder	bondholder	NOUN
fsr-3281	487	19	losing	lose	VERB
fsr-3281	487	20	both	both	CCONJ
fsr-3281	487	21	interest	interest	NOUN
fsr-3281	487	22	and	and	CCONJ
fsr-3281	487	23	principal	principal	NOUN
fsr-3281	487	24	if	if	SCONJ
fsr-3281	487	25	the	the	DET
fsr-3281	487	26	threshold	threshold	NOUN
fsr-3281	487	27	losses	loss	NOUN
fsr-3281	487	28	experienced	experience	VERB
fsr-3281	487	29	by	by	ADP
fsr-3281	487	30	the	the	DET
fsr-3281	487	31	underlying	underlie	VERB
fsr-3281	487	32	insurance	insurance	NOUN
fsr-3281	487	33	firm	firm	NOUN
fsr-3281	487	34	are	be	AUX
fsr-3281	487	35	met	meet	VERB
fsr-3281	487	36	offer	offer	VERB
fsr-3281	487	37	an	an	DET
fsr-3281	487	38	additional	additional	ADJ
fsr-3281	487	39	investment	investment	NOUN
fsr-3281	487	40	opportunity	opportunity	NOUN
fsr-3281	487	41	for	for	ADP
fsr-3281	487	42	a	a	DET
fsr-3281	487	43	diversified	diversified	ADJ
fsr-3281	487	44	investment	investment	NOUN
fsr-3281	487	45	strategy	strategy	NOUN
fsr-3281	487	46	.	.	PUNCT
fsr-3281	488	1	thus	thus	ADV
fsr-3281	488	2	,	,	PUNCT
fsr-3281	488	3	cat	cat	NOUN
fsr-3281	488	4	bonds	bond	NOUN
fsr-3281	488	5	which	which	PRON
fsr-3281	488	6	table	table	VERB
fsr-3281	488	7	11	11	NUM
fsr-3281	488	8	correlations	correlation	NOUN
fsr-3281	488	9	spx	spx	NOUN
fsr-3281	488	10	busy13	busy13	NOUN
fsr-3281	488	11	bb	bb	PROPN
fsr-3281	488	12	b	b	PROPN
fsr-3281	488	13	ccc	ccc	PROPN
fsr-3281	488	14	az	az	PROPN
fsr-3281	488	15	gam	gam	PROPN
fsr-3281	488	16	lgt	lgt	PROPN
fsr-3281	488	17	plenum	plenum	PROPN
fsr-3281	488	18	schrod	schrod	PROPN
fsr-3281	488	19	solidum	solidum	PROPN
fsr-3281	488	20	spx	spx	PROPN
fsr-3281	488	21	1.000	1.000	NUM
fsr-3281	488	22	�	�	PROPN
fsr-3281	488	23	0.166	0.166	NUM
fsr-3281	488	24	0.743	0.743	NUM
fsr-3281	488	25	0.727	0.727	NUM
fsr-3281	488	26	0.596	0.596	NUM
fsr-3281	488	27	�	�	NUM
fsr-3281	488	28	0.242	0.242	NUM
fsr-3281	488	29	0.044	0.044	NUM
fsr-3281	488	30	0.142	0.142	NUM
fsr-3281	488	31	0.088	0.088	NUM
fsr-3281	488	32	�	�	PROPN
fsr-3281	488	33	0.050	0.050	NUM
fsr-3281	488	34	�	�	PROPN
fsr-3281	488	35	0.166	0.166	NUM
fsr-3281	488	36	busy13	busy13	NOUN
fsr-3281	488	37	1.000	1.000	NUM
fsr-3281	488	38	0.172	0.172	NUM
fsr-3281	488	39	�	�	PROPN
fsr-3281	488	40	0.046	0.046	NUM
fsr-3281	488	41	�	�	PROPN
fsr-3281	488	42	0.061	0.061	NUM
fsr-3281	488	43	0.207	0.207	NUM
fsr-3281	488	44	0.205	0.205	NUM
fsr-3281	488	45	�	�	NOUN
fsr-3281	488	46	0.004	0.004	NUM
fsr-3281	488	47	0.166	0.166	NUM
fsr-3281	488	48	0.095	0.095	NUM
fsr-3281	488	49	0.231	0.231	NUM
fsr-3281	488	50	bb	bb	NUM
fsr-3281	488	51	1.000	1.000	NUM
fsr-3281	488	52	0.894	0.894	NUM
fsr-3281	488	53	0.772	0.772	NUM
fsr-3281	488	54	�	�	NOUN
fsr-3281	488	55	0.128	0.128	NUM
fsr-3281	488	56	0.170	0.170	NUM
fsr-3281	488	57	0.210	0.210	NUM
fsr-3281	488	58	0.137	0.137	NUM
fsr-3281	488	59	0.021	0.021	NUM
fsr-3281	488	60	�	�	PROPN
fsr-3281	488	61	0.016	0.016	NUM
fsr-3281	488	62	b	b	PROPN
fsr-3281	488	63	1.000	1.000	NUM
fsr-3281	488	64	0.928	0.928	NUM
fsr-3281	488	65	�	�	NOUN
fsr-3281	488	66	0.059	0.059	NUM
fsr-3281	488	67	0.136	0.136	NUM
fsr-3281	488	68	0.299	0.299	NUM
fsr-3281	488	69	0.132	0.132	NUM
fsr-3281	488	70	�	�	NOUN
fsr-3281	488	71	0.029	0.029	NUM
fsr-3281	488	72	0.002	0.002	NUM
fsr-3281	488	73	ccc	ccc	PROPN
fsr-3281	488	74	1.000	1.000	NUM
fsr-3281	488	75	0.126	0.126	NUM
fsr-3281	488	76	0.229	0.229	NUM
fsr-3281	488	77	0.437	0.437	NUM
fsr-3281	488	78	0.179	0.179	NUM
fsr-3281	488	79	�	�	NOUN
fsr-3281	488	80	0.067	0.067	NUM
fsr-3281	488	81	0.103	0.103	NUM
fsr-3281	488	82	az	az	PROPN
fsr-3281	488	83	1.000	1.000	NUM
fsr-3281	488	84	0.601	0.601	NUM
fsr-3281	488	85	0.568	0.568	NUM
fsr-3281	488	86	0.469	0.469	NUM
fsr-3281	488	87	0.440	0.440	NUM
fsr-3281	488	88	0.863	0.863	NUM
fsr-3281	488	89	gam	gam	NOUN
fsr-3281	488	90	1.000	1.000	NUM
fsr-3281	488	91	0.838	0.838	NUM
fsr-3281	488	92	0.846	0.846	NUM
fsr-3281	488	93	0.796	0.796	NUM
fsr-3281	488	94	0.751	0.751	NUM
fsr-3281	488	95	lgt	lgt	NOUN
fsr-3281	488	96	1.000	1.000	NUM
fsr-3281	488	97	0.789	0.789	NUM
fsr-3281	488	98	0.700	0.700	NUM
fsr-3281	488	99	0.672	0.672	NUM
fsr-3281	488	100	plenum	plenum	NOUN
fsr-3281	488	101	1.000	1.000	NUM
fsr-3281	488	102	0.518	0.518	NUM
fsr-3281	488	103	0.652	0.652	NUM
fsr-3281	488	104	schroder	schroder	NOUN
fsr-3281	488	105	1.000	1.000	NUM
fsr-3281	488	106	0.593	0.593	NUM
fsr-3281	488	107	solidum	solidum	NOUN
fsr-3281	488	108	1.000	1.000	NUM
fsr-3281	488	109	324	324	NUM
fsr-3281	488	110	r.j	r.j	PROPN
fsr-3281	488	111	.	.	PROPN
fsr-3281	488	112	kish	kish	PROPN
fsr-3281	488	113	/	/	SYM
fsr-3281	488	114	financial	financial	ADJ
fsr-3281	488	115	services	service	NOUN
fsr-3281	488	116	review	review	VERB
fsr-3281	488	117	25	25	NUM
fsr-3281	488	118	(	(	PUNCT
fsr-3281	488	119	2016	2016	NUM
fsr-3281	488	120	)	)	PUNCT
fsr-3281	489	1	303–329	303–329	NUM
fsr-3281	489	2	provide	provide	VERB
fsr-3281	489	3	returns	return	NOUN
fsr-3281	489	4	comparable	comparable	ADJ
fsr-3281	489	5	to	to	ADP
fsr-3281	489	6	the	the	DET
fsr-3281	489	7	risk	risk	NOUN
fsr-3281	489	8	undertaken	undertake	VERB
fsr-3281	489	9	with	with	ADP
fsr-3281	489	10	the	the	DET
fsr-3281	489	11	added	add	VERB
fsr-3281	489	12	benefit	benefit	NOUN
fsr-3281	489	13	of	of	ADP
fsr-3281	489	14	diversification	diversification	NOUN
fsr-3281	489	15	could	could	AUX
fsr-3281	489	16	be	be	AUX
fsr-3281	489	17	used	use	VERB
fsr-3281	489	18	to	to	PART
fsr-3281	489	19	supplement	supplement	VERB
fsr-3281	489	20	a	a	DET
fsr-3281	489	21	small	small	ADJ
fsr-3281	489	22	portion	portion	NOUN
fsr-3281	489	23	of	of	ADP
fsr-3281	489	24	a	a	DET
fsr-3281	489	25	diversified	diversified	ADJ
fsr-3281	489	26	portfolio	portfolio	NOUN
fsr-3281	489	27	.	.	PUNCT
fsr-3281	490	1	notes	note	VERB
fsr-3281	490	2	1	1	NUM
fsr-3281	490	3	the	the	DET
fsr-3281	490	4	un	un	PROPN
fsr-3281	490	5	office	office	PROPN
fsr-3281	490	6	for	for	ADP
fsr-3281	490	7	disaster	disaster	NOUN
fsr-3281	490	8	risk	risk	NOUN
fsr-3281	490	9	reduction	reduction	NOUN
fsr-3281	490	10	reports	report	VERB
fsr-3281	490	11	economic	economic	ADJ
fsr-3281	490	12	losses	loss	NOUN
fsr-3281	490	13	from	from	ADP
fsr-3281	490	14	natural	natural	ADJ
fsr-3281	490	15	disasters	disaster	NOUN
fsr-3281	490	16	average	average	ADJ
fsr-3281	490	17	between	between	ADP
fsr-3281	490	18	$	$	SYM
fsr-3281	490	19	250	250	NUM
fsr-3281	490	20	billion	billion	NUM
fsr-3281	490	21	and	and	CCONJ
fsr-3281	490	22	$	$	SYM
fsr-3281	490	23	300	300	NUM
fsr-3281	490	24	billion	billion	NUM
fsr-3281	490	25	annually	annually	ADV
fsr-3281	490	26	.	.	PUNCT
fsr-3281	491	1	this	this	DET
fsr-3281	491	2	average	average	NOUN
fsr-3281	491	3	includes	include	VERB
fsr-3281	491	4	two	two	NUM
fsr-3281	491	5	components	component	NOUN
fsr-3281	491	6	:	:	PUNCT
fsr-3281	491	7	(	(	PUNCT
fsr-3281	491	8	1	1	X
fsr-3281	491	9	)	)	PUNCT
fsr-3281	491	10	the	the	DET
fsr-3281	491	11	international	international	ADJ
fsr-3281	491	12	insurance	insurance	NOUN
fsr-3281	491	13	industry	industry	NOUN
fsr-3281	491	14	’s	’s	PART
fsr-3281	491	15	global	global	ADJ
fsr-3281	491	16	loss	loss	NOUN
fsr-3281	491	17	(	(	PUNCT
fsr-3281	491	18	$	$	SYM
fsr-3281	491	19	180	180	NUM
fsr-3281	491	20	billion	billion	NUM
fsr-3281	491	21	to	to	PART
fsr-3281	491	22	$	$	SYM
fsr-3281	491	23	200	200	NUM
fsr-3281	491	24	billion	billion	NUM
fsr-3281	491	25	)	)	PUNCT
fsr-3281	491	26	and	and	CCONJ
fsr-3281	491	27	(	(	PUNCT
fsr-3281	491	28	2	2	NUM
fsr-3281	491	29	)	)	PUNCT
fsr-3281	491	30	$	$	SYM
fsr-3281	491	31	70	70	NUM
fsr-3281	491	32	billion	billion	NUM
fsr-3281	491	33	to	to	PART
fsr-3281	491	34	$	$	SYM
fsr-3281	491	35	100	100	NUM
fsr-3281	491	36	billion	billion	NUM
fsr-3281	491	37	in	in	ADP
fsr-3281	491	38	losses	loss	NOUN
fsr-3281	491	39	from	from	ADP
fsr-3281	491	40	developing	develop	VERB
fsr-3281	491	41	countries	country	NOUN
fsr-3281	491	42	from	from	ADP
fsr-3281	491	43	smaller	small	ADJ
fsr-3281	491	44	-	-	PUNCT
fsr-3281	491	45	scale	scale	NOUN
fsr-3281	491	46	floods	flood	NOUN
fsr-3281	491	47	,	,	PUNCT
fsr-3281	491	48	fires	fire	NOUN
fsr-3281	491	49	,	,	PUNCT
fsr-3281	491	50	and	and	CCONJ
fsr-3281	491	51	storms	storm	NOUN
fsr-3281	491	52	.	.	PUNCT
fsr-3281	492	1	http://globalnews.ca/news/1865514/economic-losses-from-natural-disasters-between-250-billion-and-300-billion-un/	http://globalnews.ca/news/1865514/economic-losses-from-natural-disasters-between-250-billion-and-300-billion-un/	NOUN
fsr-3281	492	2	2	2	NUM
fsr-3281	492	3	for	for	ADP
fsr-3281	492	4	data	datum	NOUN
fsr-3281	492	5	on	on	ADP
fsr-3281	492	6	the	the	DET
fsr-3281	492	7	afghanistan	afghanistan	PROPN
fsr-3281	492	8	and	and	CCONJ
fsr-3281	492	9	pakistan	pakistan	PROPN
fsr-3281	492	10	earthquake	earthquake	NOUN
fsr-3281	492	11	see	see	VERB
fsr-3281	492	12	http://www	http://www	PROPN
fsr-3281	492	13	.	.	PUNCT
fsr-3281	493	1	huffingtonpost.com/entry/afghan-quake-death-toll-mounts-as-survivors-still-waitfor-aid_5630c8a4e4b063179910268d	huffingtonpost.com/entry/afghan-quake-death-toll-mounts-as-survivors-still-waitfor-aid_5630c8a4e4b063179910268d	PROPN
fsr-3281	493	2	3	3	NUM
fsr-3281	493	3	swiss	swiss	PROPN
fsr-3281	493	4	re	re	PROPN
fsr-3281	493	5	sigma	sigma	PROPN
fsr-3281	493	6	no	no	PRON
fsr-3281	493	7	.	.	PUNCT
fsr-3281	494	1	2/2015	2/2015	NUM
fsr-3281	494	2	http://media.swissre.com/documents/sigma2_2015_en	http://media.swissre.com/documents/sigma2_2015_en	NOUN
fsr-3281	494	3	_	_	PUNCT
fsr-3281	494	4	final.pdf	final.pdf	X
fsr-3281	494	5	4	4	NUM
fsr-3281	494	6	see	see	VERB
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fsr-3281	494	8	for	for	ADP
fsr-3281	494	9	more	more	ADJ
fsr-3281	494	10	information	information	NOUN
fsr-3281	494	11	.	.	PUNCT
fsr-3281	495	1	5	5	NUM
fsr-3281	495	2	see	see	VERB
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fsr-3281	495	4	6	6	NUM
fsr-3281	495	5	at	at	ADP
fsr-3281	495	6	the	the	DET
fsr-3281	495	7	end	end	NOUN
fsr-3281	495	8	of	of	ADP
fsr-3281	495	9	2015	2015	NUM
fsr-3281	495	10	,	,	PUNCT
fsr-3281	495	11	there	there	PRON
fsr-3281	495	12	were	be	VERB
fsr-3281	495	13	over	over	ADP
fsr-3281	495	14	$	$	SYM
fsr-3281	495	15	25.9	25.9	NUM
fsr-3281	495	16	billion	billion	NUM
fsr-3281	495	17	of	of	ADP
fsr-3281	495	18	cat	cat	NOUN
fsr-3281	495	19	bonds	bond	NOUN
fsr-3281	495	20	outstanding	outstanding	ADJ
fsr-3281	495	21	.	.	PUNCT
fsr-3281	496	1	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecurities	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecuritie	NOUN
fsr-3281	496	2	7	7	NUM
fsr-3281	496	3	a	a	DET
fsr-3281	496	4	comprehensive	comprehensive	ADJ
fsr-3281	496	5	database	database	NOUN
fsr-3281	496	6	containing	contain	VERB
fsr-3281	496	7	the	the	DET
fsr-3281	496	8	details	detail	NOUN
fsr-3281	496	9	of	of	ADP
fsr-3281	496	10	these	these	DET
fsr-3281	496	11	cat	cat	NOUN
fsr-3281	496	12	bonds	bond	NOUN
fsr-3281	496	13	can	can	AUX
fsr-3281	496	14	be	be	AUX
fsr-3281	496	15	found	find	VERB
fsr-3281	496	16	at	at	ADP
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fsr-3281	496	19	12	12	NUM
fsr-3281	496	20	means	mean	NOUN
fsr-3281	496	21	of	of	ADP
fsr-3281	496	22	the	the	DET
fsr-3281	496	23	differences	difference	NOUN
fsr-3281	496	24	tests	test	NOUN
fsr-3281	496	25	for	for	ADP
fsr-3281	496	26	catastrophe	catastrophe	NOUN
fsr-3281	496	27	(	(	PUNCT
fsr-3281	496	28	cat	cat	NOUN
fsr-3281	496	29	)	)	PUNCT
fsr-3281	496	30	funds	fund	NOUN
fsr-3281	496	31	t	t	PROPN
fsr-3281	496	32	-	-	PUNCT
fsr-3281	496	33	values	value	NOUN
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fsr-3281	496	35	gam	gam	PROPN
fsr-3281	496	36	lgt	lgt	PROPN
fsr-3281	496	37	plenum	plenum	PROPN
fsr-3281	496	38	schroder	schroder	PROPN
fsr-3281	496	39	solidum	solidum	PROPN
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fsr-3281	496	41	corp	corp	PROPN
fsr-3281	496	42	whole	whole	ADJ
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fsr-3281	496	44	*	*	PUNCT
fsr-3281	496	45	*	*	PUNCT
fsr-3281	496	46	*	*	X
fsr-3281	496	47	�	�	PROPN
fsr-3281	496	48	0.126	0.126	NUM
fsr-3281	496	49	�	�	NOUN
fsr-3281	496	50	3.763	3.763	NUM
fsr-3281	496	51	*	*	PUNCT
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fsr-3281	496	53	*	*	NOUN
fsr-3281	496	54	�	�	PROPN
fsr-3281	496	55	4.359	4.359	NUM
fsr-3281	496	56	*	*	PUNCT
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fsr-3281	496	58	*	*	PUNCT
fsr-3281	496	59	�	�	PROPN
fsr-3281	496	60	2.518	2.518	NUM
fsr-3281	496	61	*	*	SYM
fsr-3281	496	62	*	*	NOUN
fsr-3281	496	63	�	�	PROPN
fsr-3281	496	64	3.298	3.298	NUM
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fsr-3281	496	68	1	1	NUM
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fsr-3281	496	82	year	year	NOUN
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fsr-3281	496	86	�	�	PROPN
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fsr-3281	496	88	�	�	NOUN
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fsr-3281	496	91	*	*	PUNCT
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fsr-3281	496	108	�	�	X
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fsr-3281	496	118	4	4	NUM
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fsr-3281	496	141	�	�	X
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fsr-3281	497	1	*	*	SYM
fsr-3281	497	2	4	4	NUM
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fsr-3281	499	8	)	)	PUNCT
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fsr-3281	500	1	325r.j	325r.j	NUM
fsr-3281	500	2	.	.	PUNCT
fsr-3281	501	1	kish	kish	PROPN
fsr-3281	501	2	/	/	SYM
fsr-3281	501	3	financial	financial	ADJ
fsr-3281	501	4	services	service	NOUN
fsr-3281	501	5	review	review	VERB
fsr-3281	501	6	25	25	NUM
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fsr-3281	501	9	)	)	PUNCT
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fsr-3281	502	2	8	8	NUM
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fsr-3281	502	7	21.32	21.32	NUM
fsr-3281	502	8	%	%	NOUN
fsr-3281	502	9	of	of	ADP
fsr-3281	502	10	the	the	DET
fsr-3281	502	11	securities	security	NOUN
fsr-3281	502	12	outstanding	outstanding	ADJ
fsr-3281	502	13	.	.	PUNCT
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fsr-3281	503	2	five	five	NUM
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fsr-3281	503	30	10.61	10.61	NUM
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fsr-3281	503	40	)	)	PUNCT
fsr-3281	503	41	;	;	PUNCT
fsr-3281	503	42	and	and	CCONJ
fsr-3281	503	43	falcon	falcon	PROPN
fsr-3281	503	44	fund	fund	PROPN
fsr-3281	503	45	management	management	PROPN
fsr-3281	503	46	ltd	ltd	PROPN
fsr-3281	503	47	(	(	PUNCT
fsr-3281	503	48	7.03	7.03	NUM
fsr-3281	503	49	%	%	NOUN
fsr-3281	503	50	)	)	PUNCT
fsr-3281	503	51	.	.	PUNCT
fsr-3281	504	1	9	9	NUM
fsr-3281	504	2	since	since	SCONJ
fsr-3281	504	3	2008	2008	NUM
fsr-3281	504	4	,	,	PUNCT
fsr-3281	504	5	the	the	DET
fsr-3281	504	6	sec	sec	PROPN
fsr-3281	504	7	has	have	AUX
fsr-3281	504	8	granted	grant	VERB
fsr-3281	504	9	exceptions	exception	NOUN
fsr-3281	504	10	to	to	PART
fsr-3281	504	11	allow	allow	VERB
fsr-3281	504	12	resales	resale	NOUN
fsr-3281	504	13	after	after	ADP
fsr-3281	504	14	a	a	DET
fsr-3281	504	15	6	6	NUM
fsr-3281	504	16	-	-	PUNCT
fsr-3281	504	17	month	month	NOUN
fsr-3281	504	18	window	window	NOUN
fsr-3281	504	19	.	.	PUNCT
fsr-3281	505	1	see	see	VERB
fsr-3281	505	2	http://media.mofo.com/files/uploads/images/faqrule144a.pdf	http://media.mofo.com/files/uploads/images/faqrule144a.pdf	PROPN
fsr-3281	505	3	for	for	ADP
fsr-3281	505	4	answers	answer	NOUN
fsr-3281	505	5	to	to	PART
fsr-3281	505	6	frequently	frequently	ADV
fsr-3281	505	7	asked	ask	VERB
fsr-3281	505	8	questions	question	NOUN
fsr-3281	505	9	about	about	ADP
fsr-3281	505	10	rule	rule	NOUN
fsr-3281	505	11	144a	144a	PROPN
fsr-3281	505	12	.	.	PUNCT
fsr-3281	506	1	10	10	NUM
fsr-3281	506	2	the	the	DET
fsr-3281	506	3	correlation	correlation	NOUN
fsr-3281	506	4	of	of	ADP
fsr-3281	506	5	a	a	DET
fsr-3281	506	6	representative	representative	ADJ
fsr-3281	506	7	number	number	NOUN
fsr-3281	506	8	of	of	ADP
fsr-3281	506	9	cat	cat	NOUN
fsr-3281	506	10	funds	fund	NOUN
fsr-3281	506	11	,	,	PUNCT
fsr-3281	506	12	used	use	VERB
fsr-3281	506	13	as	as	ADP
fsr-3281	506	14	proxies	proxy	NOUN
fsr-3281	506	15	for	for	ADP
fsr-3281	506	16	the	the	DET
fsr-3281	506	17	cat	cat	NOUN
fsr-3281	506	18	bonds	bond	NOUN
fsr-3281	506	19	,	,	PUNCT
fsr-3281	506	20	with	with	SCONJ
fsr-3281	506	21	the	the	DET
fsr-3281	506	22	market	market	NOUN
fsr-3281	506	23	is	be	AUX
fsr-3281	506	24	approximately	approximately	ADV
fsr-3281	506	25	0	0	NUM
fsr-3281	506	26	.	.	PUNCT
fsr-3281	507	1	see	see	VERB
fsr-3281	507	2	tables	table	NOUN
fsr-3281	507	3	8	8	NUM
fsr-3281	507	4	and	and	CCONJ
fsr-3281	507	5	11	11	NUM
fsr-3281	507	6	.	.	X
fsr-3281	507	7	11	11	NUM
fsr-3281	507	8	see	see	VERB
fsr-3281	507	9	swiss	swiss	PROPN
fsr-3281	507	10	re	re	X
fsr-3281	507	11	(	(	PUNCT
fsr-3281	507	12	2012b	2012b	NOUN
fsr-3281	507	13	)	)	PUNCT
fsr-3281	507	14	.	.	PUNCT
fsr-3281	508	1	12	12	NUM
fsr-3281	508	2	see	see	VERB
fsr-3281	508	3	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecurities	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecuritie	NOUN
fsr-3281	508	4	13	13	NUM
fsr-3281	508	5	see	see	VERB
fsr-3281	508	6	following	follow	VERB
fsr-3281	508	7	3	3	NUM
fsr-3281	508	8	web	web	NOUN
fsr-3281	508	9	links	link	NOUN
fsr-3281	508	10	:	:	PUNCT
fsr-3281	508	11	http://www.bankrate.com/finance/insurance/top-10-costliestnatural-disasters-11.aspx	http://www.bankrate.com/finance/insurance/top-10-costliestnatural-disasters-11.aspx	NOUN
fsr-3281	508	12	;	;	PUNCT
fsr-3281	508	13	:	:	PUNCT
fsr-3281	508	14	http://citywire.co.uk/money/the-world-s-10-biggest-insuranceclaims/a433781#i�10	http://citywire.co.uk/money/the-world-s-10-biggest-insuranceclaims/a433781#i�10	PROPN
fsr-3281	508	15	;	;	PUNCT
fsr-3281	508	16	and	and	CCONJ
fsr-3281	508	17	http://www.iii.org/fact-statistic/catastrophes-global	http://www.iii.org/fact-statistic/catastrophes-global	ADJ
fsr-3281	508	18	14	14	NUM
fsr-3281	508	19	see	see	NOUN
fsr-3281	508	20	mcchristian	mcchristian	PROPN
fsr-3281	508	21	(	(	PUNCT
fsr-3281	508	22	2012	2012	NUM
fsr-3281	508	23	)	)	PUNCT
fsr-3281	508	24	and	and	CCONJ
fsr-3281	508	25	cummins	cummin	NOUN
fsr-3281	508	26	(	(	PUNCT
fsr-3281	508	27	2007	2007	NUM
fsr-3281	508	28	)	)	PUNCT
fsr-3281	508	29	.	.	PUNCT
fsr-3281	509	1	15	15	NUM
fsr-3281	509	2	see	see	VERB
fsr-3281	509	3	http://www.propertycasualty360.com/2013/03/15/top-5-catastrophe-bond-markettrends?page�5	http://www.propertycasualty360.com/2013/03/15/top-5-catastrophe-bond-markettrends?page�5	PROPN
fsr-3281	509	4	16	16	NUM
fsr-3281	509	5	see	see	VERB
fsr-3281	509	6	http://www.insurancejournal.com/news/southeast/2012/08/21/2559960.htm	http://www.insurancejournal.com/news/southeast/2012/08/21/2559960.htm	PROPN
fsr-3281	509	7	17	17	NUM
fsr-3281	509	8	see	see	VERB
fsr-3281	509	9	http://www.florir.com/pressreleases/viewmediarelease.aspx?id�2069	http://www.florir.com/pressreleases/viewmediarelease.aspx?id�2069	PROPN
fsr-3281	509	10	18	18	NUM
fsr-3281	509	11	see	see	VERB
fsr-3281	509	12	http://www.sbafla.com/fhcf/portals/5/advisory%20council/20150514_fhcf	http://www.sbafla.com/fhcf/portals/5/advisory%20council/20150514_fhcf	PROPN
fsr-3281	509	13	_	_	PUNCT
fsr-3281	509	14	may2015bondingcapacity.pdf	may2015bondingcapacity.pdf	NOUN
fsr-3281	509	15	;	;	PUNCT
fsr-3281	509	16	19	19	NUM
fsr-3281	509	17	see	see	VERB
fsr-3281	509	18	http://www.artemis.bm/blog/2015/03/02/reinsurance-the-engine-of-berkshire-hath	http://www.artemis.bm/blog/2015/03/02/reinsurance-the-engine-of-berkshire-hath	PRON
fsr-3281	509	19	away	away	PROPN
fsr-3281	509	20	-	-	PUNCT
fsr-3281	509	21	warren	warren	NOUN
fsr-3281	509	22	-	-	PUNCT
fsr-3281	509	23	buffett/	buffett/	PROPN
fsr-3281	509	24	and	and	CCONJ
fsr-3281	509	25	http://www.artemis.bm/blog/2014/03/15/warren-buffett-u-scatastrophe-rates-too-low-for-berkshire-hathaway/	http://www.artemis.bm/blog/2014/03/15/warren-buffett-u-scatastrophe-rates-too-low-for-berkshire-hathaway/	NOUN
fsr-3281	509	26	for	for	ADP
fsr-3281	509	27	summaries	summary	NOUN
fsr-3281	509	28	and	and	CCONJ
fsr-3281	509	29	http://berkshire	http://berkshire	ADP
fsr-3281	509	30	hathaway.com/letters/2014ltr.pdf	hathaway.com/letters/2014ltr.pdf	NOUN
fsr-3281	509	31	for	for	ADP
fsr-3281	509	32	the	the	DET
fsr-3281	509	33	actual	actual	ADJ
fsr-3281	509	34	buffett	buffett	PROPN
fsr-3281	509	35	letter	letter	NOUN
fsr-3281	509	36	.	.	PUNCT
fsr-3281	510	1	20	20	NUM
fsr-3281	510	2	see	see	VERB
fsr-3281	510	3	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecurities	http://www.finra.org/investors/alerts/catastrophe-bonds-and-other-event-linkedsecuritie	NOUN
fsr-3281	510	4	21	21	NUM
fsr-3281	510	5	see	see	NOUN
fsr-3281	510	6	insurance	insurance	NOUN
fsr-3281	510	7	journal	journal	NOUN
fsr-3281	510	8	article	article	NOUN
fsr-3281	510	9	“	"	PUNCT
fsr-3281	510	10	pension	pension	NOUN
fsr-3281	510	11	funds	fund	NOUN
fsr-3281	510	12	looking	look	VERB
fsr-3281	510	13	for	for	ADP
fsr-3281	510	14	higher	high	ADJ
fsr-3281	510	15	yields	yield	NOUN
fsr-3281	510	16	from	from	ADP
fsr-3281	510	17	cat	cat	NOUN
fsr-3281	510	18	bonds	bond	NOUN
fsr-3281	510	19	.	.	PUNCT
fsr-3281	510	20	”	"	PUNCT
fsr-3281	511	1	http://www.insurancejournal.com/news/international/2013/04/09/287723.htm	http://www.insurancejournal.com/news/international/2013/04/09/287723.htm	PROPN
fsr-3281	511	2	22	22	NUM
fsr-3281	511	3	two	two	NUM
fsr-3281	511	4	other	other	ADJ
fsr-3281	511	5	speculative	speculative	ADJ
fsr-3281	511	6	bond	bond	NOUN
fsr-3281	511	7	indices	index	NOUN
fsr-3281	511	8	(	(	PUNCT
fsr-3281	511	9	bank	bank	NOUN
fsr-3281	511	10	of	of	ADP
fsr-3281	511	11	america	america	PROPN
fsr-3281	511	12	/	/	SYM
fsr-3281	511	13	merrill	merrill	PROPN
fsr-3281	511	14	lynch	lynch	PROPN
fsr-3281	511	15	1–3	1–3	PROPN
fsr-3281	511	16	year	year	NOUN
fsr-3281	511	17	u.s	u.s	PROPN
fsr-3281	511	18	.	.	PROPN
fsr-3281	511	19	cash	cash	NOUN
fsr-3281	511	20	pay	pay	VERB
fsr-3281	511	21	fixed	fix	VERB
fsr-3281	511	22	maturity	maturity	NOUN
fsr-3281	511	23	high	high	ADJ
fsr-3281	511	24	yield	yield	NOUN
fsr-3281	511	25	constrained	constrain	VERB
fsr-3281	511	26	index	index	NOUN
fsr-3281	511	27	—	—	PUNCT
fsr-3281	511	28	j1hc	j1hc	PUNCT
fsr-3281	511	29	and	and	CCONJ
fsr-3281	511	30	bank	bank	PROPN
fsr-3281	511	31	of	of	ADP
fsr-3281	511	32	america/	america/	NUM
fsr-3281	511	33	merrill	merrill	NOUN
fsr-3281	511	34	lynch	lynch	PROPN
fsr-3281	511	35	1–3	1–3	PROPN
fsr-3281	511	36	year	year	NOUN
fsr-3281	511	37	u.s	u.s	PROPN
fsr-3281	511	38	.	.	PROPN
fsr-3281	511	39	cash	cash	NOUN
fsr-3281	511	40	pay	pay	VERB
fsr-3281	511	41	high	high	ADJ
fsr-3281	511	42	yield	yield	NOUN
fsr-3281	511	43	index	index	NOUN
fsr-3281	511	44	—	—	PUNCT
fsr-3281	511	45	j1a0	j1a0	X
fsr-3281	511	46	)	)	PUNCT
fsr-3281	511	47	were	be	AUX
fsr-3281	511	48	used	use	VERB
fsr-3281	511	49	with	with	ADP
fsr-3281	511	50	similar	similar	ADJ
fsr-3281	511	51	results	result	NOUN
fsr-3281	511	52	.	.	PUNCT
fsr-3281	512	1	23	23	NUM
fsr-3281	513	1	the	the	DET
fsr-3281	513	2	differences	difference	NOUN
fsr-3281	513	3	between	between	ADP
fsr-3281	513	4	two	two	NUM
fsr-3281	513	5	populations	population	NOUN
fsr-3281	513	6	of	of	ADP
fsr-3281	513	7	means	mean	NOUN
fsr-3281	513	8	is	be	AUX
fsr-3281	513	9	not	not	PART
fsr-3281	513	10	an	an	DET
fsr-3281	513	11	appropriate	appropriate	ADJ
fsr-3281	513	12	test	test	NOUN
fsr-3281	513	13	.	.	PUNCT
fsr-3281	514	1	the	the	DET
fsr-3281	514	2	null	null	ADJ
fsr-3281	514	3	hypothesis	hypothesis	NOUN
fsr-3281	514	4	that	that	SCONJ
fsr-3281	514	5	there	there	PRON
fsr-3281	514	6	is	be	VERB
fsr-3281	514	7	no	no	DET
fsr-3281	514	8	difference	difference	NOUN
fsr-3281	514	9	in	in	ADP
fsr-3281	514	10	the	the	DET
fsr-3281	514	11	mean	mean	ADJ
fsr-3281	514	12	returns	return	NOUN
fsr-3281	514	13	from	from	ADP
fsr-3281	514	14	the	the	DET
fsr-3281	514	15	cat	cat	NOUN
fsr-3281	514	16	bonds	bond	NOUN
fsr-3281	514	17	proxies	proxy	NOUN
fsr-3281	514	18	(	(	PUNCT
fsr-3281	514	19	mutual	mutual	ADJ
fsr-3281	514	20	funds	fund	NOUN
fsr-3281	514	21	and	and	CCONJ
fsr-3281	514	22	indices	index	NOUN
fsr-3281	514	23	)	)	PUNCT
fsr-3281	514	24	and	and	CCONJ
fsr-3281	514	25	similarly	similarly	ADV
fsr-3281	514	26	rated	rate	VERB
fsr-3281	514	27	corporate	corporate	ADJ
fsr-3281	514	28	debt	debt	NOUN
fsr-3281	514	29	(	(	PUNCT
fsr-3281	514	30	bb	bb	PROPN
fsr-3281	514	31	,	,	PUNCT
fsr-3281	514	32	b	b	NOUN
fsr-3281	514	33	or	or	CCONJ
fsr-3281	514	34	ccc	ccc	NOUN
fsr-3281	514	35	:	:	PUNCT
fsr-3281	514	36	speculative	speculative	ADJ
fsr-3281	514	37	grade	grade	NOUN
fsr-3281	514	38	debt	debt	NOUN
fsr-3281	514	39	or	or	CCONJ
fsr-3281	514	40	junk	junk	NOUN
fsr-3281	514	41	bonds	bond	NOUN
fsr-3281	514	42	)	)	PUNCT
fsr-3281	514	43	matched	match	VERB
fsr-3281	514	44	with	with	ADP
fsr-3281	514	45	the	the	DET
fsr-3281	514	46	alternative	alternative	ADJ
fsr-3281	514	47	hypothesis	hypothesis	NOUN
fsr-3281	514	48	is	be	AUX
fsr-3281	514	49	that	that	SCONJ
fsr-3281	514	50	there	there	PRON
fsr-3281	514	51	is	be	VERB
fsr-3281	514	52	a	a	DET
fsr-3281	514	53	significant	significant	ADJ
fsr-3281	514	54	difference	difference	NOUN
fsr-3281	514	55	in	in	ADP
fsr-3281	514	56	their	their	PRON
fsr-3281	514	57	monthly	monthly	ADJ
fsr-3281	514	58	returns	return	NOUN
fsr-3281	514	59	(	(	PUNCT
fsr-3281	514	60	i.e.	i.e.	X
fsr-3281	514	61	,	,	PUNCT
fsr-3281	514	62	h0	h0	PROPN
fsr-3281	514	63	:	:	PUNCT
fsr-3281	514	64	(	(	PUNCT
fsr-3281	514	65	�	�	PROPN
fsr-3281	514	66	cat	cat	PROPN
fsr-3281	514	67	�	�	PROPN
fsr-3281	514	68	�	�	PROPN
fsr-3281	514	69	junk	junk	NOUN
fsr-3281	514	70	)	)	PUNCT
fsr-3281	514	71	�	�	PROPN
fsr-3281	514	72	0	0	NUM
fsr-3281	514	73	versus	versus	ADP
fsr-3281	514	74	ha	ha	INTJ
fsr-3281	514	75	:	:	PUNCT
fsr-3281	514	76	(	(	PUNCT
fsr-3281	514	77	�	�	PROPN
fsr-3281	514	78	cat	cat	PROPN
fsr-3281	514	79	�	�	PROPN
fsr-3281	514	80	�	�	PROPN
fsr-3281	514	81	junk	junk	NOUN
fsr-3281	514	82	)	)	PUNCT
fsr-3281	514	83	�	�	PROPN
fsr-3281	514	84	0	0	NUM
fsr-3281	514	85	)	)	PUNCT
fsr-3281	514	86	fails	fail	VERB
fsr-3281	514	87	to	to	PART
fsr-3281	514	88	consider	consider	VERB
fsr-3281	514	89	the	the	DET
fsr-3281	514	90	timing	timing	NOUN
fsr-3281	514	91	of	of	ADP
fsr-3281	514	92	the	the	DET
fsr-3281	514	93	returns	return	NOUN
fsr-3281	514	94	.	.	PUNCT
fsr-3281	515	1	thus	thus	ADV
fsr-3281	515	2	,	,	PUNCT
fsr-3281	515	3	a	a	DET
fsr-3281	515	4	test	test	NOUN
fsr-3281	515	5	that	that	PRON
fsr-3281	515	6	relies	rely	VERB
fsr-3281	515	7	on	on	ADP
fsr-3281	515	8	the	the	DET
fsr-3281	515	9	two	two	NUM
fsr-3281	515	10	-	-	PUNCT
fsr-3281	515	11	sample	sample	NOUN
fsr-3281	515	12	t	t	NOUN
fsr-3281	515	13	statistic	statistic	NOUN
fsr-3281	515	14	where	where	SCONJ
fsr-3281	515	15	sp	sp	ADP
fsr-3281	515	16	2	2	NUM
fsr-3281	515	17	�	�	PROPN
fsr-3281	515	18	�	�	PROPN
fsr-3281	515	19	ncat	ncat	ADJ
fsr-3281	515	20	�	�	PROPN
fsr-3281	515	21	1	1	NUM
fsr-3281	515	22	�	�	PROPN
fsr-3281	515	23	scat	scat	NOUN
fsr-3281	515	24	2	2	NUM
fsr-3281	515	25	�	�	PROPN
fsr-3281	515	26	�	�	PROPN
fsr-3281	515	27	njunk	njunk	PROPN
fsr-3281	515	28	�	�	PROPN
fsr-3281	515	29	1	1	NUM
fsr-3281	515	30	�	�	PROPN
fsr-3281	515	31	sjunk	sjunk	NOUN
fsr-3281	515	32	2	2	NUM
fsr-3281	515	33	ncat	ncat	NOUN
fsr-3281	515	34	�	�	PROPN
fsr-3281	515	35	njunk	njunk	PROPN
fsr-3281	515	36	�	�	PROPN
fsr-3281	515	37	2	2	NUM
fsr-3281	515	38	and	and	CCONJ
fsr-3281	515	39	326	326	NUM
fsr-3281	515	40	r.j	r.j	PROPN
fsr-3281	515	41	.	.	PROPN
fsr-3281	515	42	kish	kish	PROPN
fsr-3281	515	43	/	/	SYM
fsr-3281	515	44	financial	financial	ADJ
fsr-3281	515	45	services	service	NOUN
fsr-3281	515	46	review	review	VERB
fsr-3281	515	47	25	25	NUM
fsr-3281	515	48	(	(	PUNCT
fsr-3281	515	49	2016	2016	NUM
fsr-3281	515	50	)	)	PUNCT
fsr-3281	515	51	303–329	303–329	NUM
fsr-3281	515	52	t	t	PROPN
fsr-3281	515	53	�	�	PROPN
fsr-3281	515	54	�	�	PROPN
fsr-3281	515	55	x	x	SYM
fsr-3281	515	56	�	�	PROPN
fsr-3281	515	57	cat	cat	PROPN
fsr-3281	515	58	�	�	PROPN
fsr-3281	515	59	x	x	SYM
fsr-3281	515	60	�	�	PROPN
fsr-3281	515	61	junk	junk	PROPN
fsr-3281	515	62	�	�	PROPN
fsr-3281	515	63	�	�	PROPN
fsr-3281	515	64	0	0	NUM
fsr-3281	515	65	�	�	PROPN
fsr-3281	515	66	sp	sp	ADP
fsr-3281	515	67	2	2	NUM
fsr-3281	515	68	�	�	PROPN
fsr-3281	515	69	1	1	NUM
fsr-3281	515	70	ncat	ncat	ADJ
fsr-3281	515	71	�	�	PROPN
fsr-3281	515	72	1	1	NUM
fsr-3281	515	73	njunk	njunk	PROPN
fsr-3281	515	74	�	�	PROPN
fsr-3281	515	75	is	be	AUX
fsr-3281	515	76	not	not	PART
fsr-3281	515	77	appropriate	appropriate	ADJ
fsr-3281	515	78	for	for	ADP
fsr-3281	515	79	this	this	DET
fsr-3281	515	80	analysis	analysis	NOUN
fsr-3281	515	81	because	because	SCONJ
fsr-3281	515	82	the	the	DET
fsr-3281	515	83	assumption	assumption	NOUN
fsr-3281	515	84	of	of	ADP
fsr-3281	515	85	independent	independent	ADJ
fsr-3281	515	86	samples	sample	NOUN
fsr-3281	515	87	is	be	AUX
fsr-3281	515	88	invalid	invalid	ADJ
fsr-3281	515	89	.	.	PUNCT
fsr-3281	516	1	24	24	NUM
fsr-3281	516	2	the	the	DET
fsr-3281	516	3	correlation	correlation	NOUN
fsr-3281	516	4	between	between	ADP
fsr-3281	516	5	the	the	DET
fsr-3281	516	6	ils	ils	NOUN
fsr-3281	516	7	-	-	PUNCT
fsr-3281	516	8	eurekahedge	eurekahedge	NOUN
fsr-3281	516	9	index	index	NOUN
fsr-3281	516	10	and	and	CCONJ
fsr-3281	516	11	the	the	DET
fsr-3281	516	12	bb	bb	NOUN
fsr-3281	516	13	-	-	PUNCT
fsr-3281	516	14	rated	rate	VERB
fsr-3281	516	15	and	and	CCONJ
fsr-3281	516	16	b	b	X
fsr-3281	516	17	-	-	PUNCT
fsr-3281	516	18	rated	rate	VERB
fsr-3281	516	19	debt	debt	NOUN
fsr-3281	516	20	was	be	AUX
fsr-3281	516	21	0.21	0.21	NUM
fsr-3281	516	22	and	and	CCONJ
fsr-3281	516	23	0.17	0.17	NUM
fsr-3281	516	24	,	,	PUNCT
fsr-3281	516	25	respectively	respectively	ADV
fsr-3281	516	26	.	.	PUNCT
fsr-3281	517	1	for	for	ADP
fsr-3281	517	2	the	the	DET
fsr-3281	517	3	micrix	micrix	PROPN
fsr-3281	517	4	index	index	NOUN
fsr-3281	517	5	the	the	DET
fsr-3281	517	6	corresponding	corresponding	ADJ
fsr-3281	517	7	correlation	correlation	NOUN
fsr-3281	517	8	values	value	NOUN
fsr-3281	517	9	were	be	AUX
fsr-3281	517	10	0.002	0.002	NUM
fsr-3281	517	11	and	and	CCONJ
fsr-3281	517	12	0.013	0.013	NUM
fsr-3281	517	13	.	.	PUNCT
fsr-3281	518	1	the	the	DET
fsr-3281	518	2	analysis	analysis	NOUN
fsr-3281	518	3	was	be	AUX
fsr-3281	518	4	also	also	ADV
fsr-3281	518	5	undertaken	undertake	VERB
fsr-3281	518	6	against	against	ADP
fsr-3281	518	7	the	the	DET
fsr-3281	518	8	ccc	ccc	PROPN
fsr-3281	518	9	bond	bond	NOUN
fsr-3281	518	10	index	index	NOUN
fsr-3281	518	11	with	with	ADP
fsr-3281	518	12	similar	similar	ADJ
fsr-3281	518	13	results	result	NOUN
fsr-3281	518	14	.	.	PUNCT
fsr-3281	519	1	25	25	NUM
fsr-3281	519	2	a	a	DET
fsr-3281	519	3	listing	listing	NOUN
fsr-3281	519	4	of	of	ADP
fsr-3281	519	5	the	the	DET
fsr-3281	519	6	funds	fund	NOUN
fsr-3281	519	7	within	within	ADP
fsr-3281	519	8	each	each	PRON
fsr-3281	519	9	of	of	ADP
fsr-3281	519	10	the	the	DET
fsr-3281	519	11	six	six	NUM
fsr-3281	519	12	cat	cat	NOUN
fsr-3281	519	13	fund	fund	NOUN
fsr-3281	519	14	families	family	NOUN
fsr-3281	519	15	is	be	AUX
fsr-3281	519	16	available	available	ADJ
fsr-3281	519	17	from	from	ADP
fsr-3281	519	18	the	the	DET
fsr-3281	519	19	author	author	NOUN
fsr-3281	519	20	.	.	PUNCT
fsr-3281	520	1	appendix	appendix	NOUN
fsr-3281	520	2	:	:	PUNCT
fsr-3281	520	3	fund	fund	NOUN
fsr-3281	520	4	summaries	summary	NOUN
fsr-3281	520	5	lgt	lgt	PROPN
fsr-3281	520	6	cat	cat	NOUN
fsr-3281	520	7	bond	bond	NOUN
fsr-3281	520	8	fund	fund	NOUN
fsr-3281	520	9	is	be	AUX
fsr-3281	520	10	a	a	DET
fsr-3281	520	11	family	family	NOUN
fsr-3281	520	12	of	of	ADP
fsr-3281	520	13	funds	fund	NOUN
fsr-3281	520	14	.	.	PUNCT
fsr-3281	521	1	the	the	DET
fsr-3281	521	2	first	first	ADJ
fsr-3281	521	3	group	group	NOUN
fsr-3281	521	4	is	be	AUX
fsr-3281	521	5	an	an	DET
fsr-3281	521	6	open	open	ADJ
fsr-3281	521	7	-	-	PUNCT
fsr-3281	521	8	end	end	NOUN
fsr-3281	521	9	fund	fund	NOUN
fsr-3281	521	10	incorporated	incorporate	VERB
fsr-3281	521	11	in	in	ADP
fsr-3281	521	12	luxembourg	luxembourg	PROPN
fsr-3281	521	13	.	.	PUNCT
fsr-3281	522	1	the	the	DET
fsr-3281	522	2	objective	objective	NOUN
fsr-3281	522	3	of	of	ADP
fsr-3281	522	4	the	the	DET
fsr-3281	522	5	fund	fund	NOUN
fsr-3281	522	6	is	be	AUX
fsr-3281	522	7	to	to	PART
fsr-3281	522	8	achieve	achieve	VERB
fsr-3281	522	9	a	a	DET
fsr-3281	522	10	return	return	NOUN
fsr-3281	522	11	in	in	ADP
fsr-3281	522	12	the	the	DET
fsr-3281	522	13	reference	reference	NOUN
fsr-3281	522	14	currency	currency	NOUN
fsr-3281	522	15	of	of	ADP
fsr-3281	522	16	the	the	DET
fsr-3281	522	17	individual	individual	ADJ
fsr-3281	522	18	share	share	NOUN
fsr-3281	522	19	classes	class	NOUN
fsr-3281	522	20	in	in	ADP
fsr-3281	522	21	excess	excess	NOUN
fsr-3281	522	22	of	of	ADP
fsr-3281	522	23	the	the	DET
fsr-3281	522	24	three	three	NUM
fsr-3281	522	25	-	-	PUNCT
fsr-3281	522	26	month	month	NOUN
fsr-3281	522	27	money	money	NOUN
fsr-3281	522	28	market	market	NOUN
fsr-3281	522	29	(	(	PUNCT
fsr-3281	522	30	libor	libor	PROPN
fsr-3281	522	31	)	)	PUNCT
fsr-3281	522	32	.	.	PUNCT
fsr-3281	523	1	the	the	DET
fsr-3281	523	2	fund	fund	NOUN
fsr-3281	523	3	invests	invest	NOUN
fsr-3281	523	4	in	in	ADP
fsr-3281	523	5	insurance	insurance	NOUN
fsr-3281	523	6	-	-	PUNCT
fsr-3281	523	7	linked	link	VERB
fsr-3281	523	8	securities	security	NOUN
fsr-3281	523	9	of	of	ADP
fsr-3281	523	10	all	all	DET
fsr-3281	523	11	kinds	kind	NOUN
fsr-3281	523	12	that	that	PRON
fsr-3281	523	13	are	be	AUX
fsr-3281	523	14	traded	trade	VERB
fsr-3281	523	15	on	on	ADP
fsr-3281	523	16	a	a	DET
fsr-3281	523	17	stock	stock	NOUN
fsr-3281	523	18	exchange	exchange	NOUN
fsr-3281	523	19	.	.	PUNCT
fsr-3281	524	1	this	this	DET
fsr-3281	524	2	fund	fund	NOUN
fsr-3281	524	3	family	family	NOUN
fsr-3281	524	4	consists	consist	VERB
fsr-3281	524	5	11	11	NUM
fsr-3281	524	6	of	of	ADP
fsr-3281	524	7	separate	separate	ADJ
fsr-3281	524	8	funds	fund	NOUN
fsr-3281	524	9	:	:	PUNCT
fsr-3281	524	10	luxembourg	luxembourg	PROPN
fsr-3281	524	11	based	base	VERB
fsr-3281	524	12	:	:	PUNCT
fsr-3281	524	13	(	(	PUNCT
fsr-3281	524	14	1	1	X
fsr-3281	524	15	)	)	PUNCT
fsr-3281	524	16	lgt	lgt	NOUN
fsr-3281	524	17	-	-	PUNCT
fsr-3281	524	18	cat	cat	ADJ
fsr-3281	524	19	bd	bd	PROPN
fsr-3281	524	20	—	—	PROPN
fsr-3281	524	21	chf	chf	PROPN
fsr-3281	524	22	c	c	PROPN
fsr-3281	524	23	(	(	PUNCT
fsr-3281	524	24	figi	figi	PROPN
fsr-3281	524	25	bbg003fwf7n9	bbg003fwf7n9	NOUN
fsr-3281	524	26	;	;	PUNCT
fsr-3281	524	27	front	front	ADJ
fsr-3281	524	28	load	load	NOUN
fsr-3281	524	29	n.a	n.a	PROPN
fsr-3281	524	30	.	.	PROPN
fsr-3281	524	31	;	;	PUNCT
fsr-3281	524	32	back	back	NOUN
fsr-3281	524	33	load	load	NOUN
fsr-3281	524	34	n.a	n.a	PROPN
fsr-3281	524	35	.	.	PROPN
fsr-3281	524	36	;	;	PUNCT
fsr-3281	524	37	management	management	NOUN
fsr-3281	524	38	fee	fee	NOUN
fsr-3281	524	39	n.a	n.a	PROPN
fsr-3281	524	40	.	.	PROPN
fsr-3281	524	41	;	;	PUNCT
fsr-3281	524	42	performance	performance	NOUN
fsr-3281	524	43	fee	fee	NOUN
fsr-3281	524	44	n.a	n.a	PROPN
fsr-3281	524	45	.	.	PROPN
fsr-3281	524	46	;	;	PUNCT
fsr-3281	524	47	inception	inception	NOUN
fsr-3281	524	48	date	date	NOUN
fsr-3281	524	49	9/28/2012	9/28/2012	NUM
fsr-3281	524	50	;	;	PUNCT
fsr-3281	524	51	share	share	NOUN
fsr-3281	524	52	class	class	NOUN
fsr-3281	524	53	institutional	institutional	NOUN
fsr-3281	524	54	)	)	PUNCT
fsr-3281	524	55	;	;	PUNCT
fsr-3281	524	56	(	(	PUNCT
fsr-3281	524	57	2	2	X
fsr-3281	524	58	)	)	PUNCT
fsr-3281	524	59	lgt	lgt	NOUN
fsr-3281	524	60	-	-	PUNCT
fsr-3281	524	61	cat	cat	ADJ
fsr-3281	524	62	bd	bd	PROPN
fsr-3281	524	63	—	—	PUNCT
fsr-3281	524	64	eur	eur	PROPN
fsr-3281	524	65	b	b	PROPN
fsr-3281	524	66	(	(	PUNCT
fsr-3281	524	67	figi	figi	PROPN
fsr-3281	524	68	bbg003fwdrx6	bbg003fwdrx6	NOUN
fsr-3281	524	69	;	;	PUNCT
fsr-3281	524	70	front	front	NOUN
fsr-3281	524	71	load	load	NOUN
fsr-3281	524	72	n.a	n.a	PROPN
fsr-3281	524	73	.	.	PROPN
fsr-3281	524	74	;	;	PUNCT
fsr-3281	524	75	back	back	NOUN
fsr-3281	524	76	load	load	NOUN
fsr-3281	524	77	n.a	n.a	PROPN
fsr-3281	524	78	.	.	PROPN
fsr-3281	524	79	;	;	PUNCT
fsr-3281	524	80	management	management	NOUN
fsr-3281	524	81	fee	fee	NOUN
fsr-3281	524	82	n.a	n.a	PROPN
fsr-3281	524	83	.	.	PROPN
fsr-3281	524	84	;	;	PUNCT
fsr-3281	524	85	performance	performance	NOUN
fsr-3281	524	86	fee	fee	NOUN
fsr-3281	524	87	n.a	n.a	PROPN
fsr-3281	524	88	.	.	PROPN
fsr-3281	524	89	;	;	PUNCT
fsr-3281	524	90	inception	inception	NOUN
fsr-3281	524	91	date	date	NOUN
fsr-3281	524	92	9/28/2012	9/28/2012	NUM
fsr-3281	524	93	;	;	PUNCT
fsr-3281	524	94	share	share	NOUN
fsr-3281	524	95	class	class	NOUN
fsr-3281	524	96	institutional	institutional	NOUN
fsr-3281	524	97	)	)	PUNCT
fsr-3281	524	98	;	;	PUNCT
fsr-3281	524	99	(	(	PUNCT
fsr-3281	524	100	3	3	X
fsr-3281	524	101	)	)	PUNCT
fsr-3281	524	102	lgt	lgt	NOUN
fsr-3281	524	103	-	-	PUNCT
fsr-3281	524	104	cat	cat	ADJ
fsr-3281	524	105	bd	bd	PROPN
fsr-3281	524	106	—	—	PUNCT
fsr-3281	524	107	usd	usd	NOUN
fsr-3281	524	108	c	c	NOUN
fsr-3281	524	109	(	(	PUNCT
fsr-3281	524	110	figi	figi	PROPN
fsr-3281	524	111	bbg003fwf6t5	bbg003fwf6t5	NUM
fsr-3281	524	112	;	;	PUNCT
fsr-3281	524	113	front	front	ADJ
fsr-3281	524	114	load	load	NOUN
fsr-3281	524	115	n.a	n.a	PROPN
fsr-3281	524	116	.	.	PROPN
fsr-3281	524	117	;	;	PUNCT
fsr-3281	524	118	back	back	NOUN
fsr-3281	524	119	load	load	NOUN
fsr-3281	524	120	n.a	n.a	PROPN
fsr-3281	524	121	.	.	PROPN
fsr-3281	524	122	;	;	PUNCT
fsr-3281	524	123	management	management	NOUN
fsr-3281	524	124	fee	fee	NOUN
fsr-3281	524	125	n.a	n.a	PROPN
fsr-3281	524	126	.	.	PROPN
fsr-3281	524	127	;	;	PUNCT
fsr-3281	524	128	performance	performance	NOUN
fsr-3281	524	129	fee	fee	NOUN
fsr-3281	524	130	n.a	n.a	PROPN
fsr-3281	524	131	.	.	PROPN
fsr-3281	524	132	;	;	PUNCT
fsr-3281	524	133	inception	inception	NOUN
fsr-3281	524	134	date	date	NOUN
fsr-3281	524	135	9/28/2012	9/28/2012	NUM
fsr-3281	524	136	;	;	PUNCT
fsr-3281	524	137	share	share	NOUN
fsr-3281	524	138	class	class	NOUN
fsr-3281	524	139	institutional	institutional	NOUN
fsr-3281	524	140	)	)	PUNCT
fsr-3281	524	141	;	;	PUNCT
fsr-3281	524	142	(	(	PUNCT
fsr-3281	524	143	4	4	X
fsr-3281	524	144	)	)	PUNCT
fsr-3281	524	145	lgt	lgt	NOUN
fsr-3281	524	146	-	-	PUNCT
fsr-3281	524	147	cat	cat	ADJ
fsr-3281	524	148	bd	bd	PROPN
fsr-3281	524	149	—	—	PUNCT
fsr-3281	524	150	eur	eur	PROPN
fsr-3281	524	151	b2	b2	NOUN
fsr-3281	524	152	(	(	PUNCT
fsr-3281	524	153	figi	figi	PROPN
fsr-3281	524	154	bbg003fwf2v1	bbg003fwf2v1	NOUN
fsr-3281	524	155	;	;	PUNCT
fsr-3281	524	156	front	front	ADJ
fsr-3281	524	157	load	load	NOUN
fsr-3281	524	158	n.a	n.a	PROPN
fsr-3281	524	159	.	.	PROPN
fsr-3281	524	160	;	;	PUNCT
fsr-3281	524	161	back	back	NOUN
fsr-3281	524	162	load	load	NOUN
fsr-3281	524	163	n.a	n.a	PROPN
fsr-3281	524	164	.	.	PROPN
fsr-3281	524	165	;	;	PUNCT
fsr-3281	524	166	management	management	NOUN
fsr-3281	524	167	fee	fee	NOUN
fsr-3281	524	168	n.a	n.a	PROPN
fsr-3281	524	169	.	.	PROPN
fsr-3281	524	170	;	;	PUNCT
fsr-3281	524	171	performance	performance	NOUN
fsr-3281	524	172	fee	fee	NOUN
fsr-3281	524	173	n.a	n.a	PROPN
fsr-3281	524	174	.	.	PROPN
fsr-3281	524	175	;	;	PUNCT
fsr-3281	524	176	inception	inception	NOUN
fsr-3281	524	177	date	date	NOUN
fsr-3281	524	178	9/28/2012	9/28/2012	NUM
fsr-3281	524	179	;	;	PUNCT
fsr-3281	524	180	share	share	NOUN
fsr-3281	524	181	class	class	NOUN
fsr-3281	524	182	institutional	institutional	NOUN
fsr-3281	524	183	)	)	PUNCT
fsr-3281	524	184	;	;	PUNCT
fsr-3281	524	185	(	(	PUNCT
fsr-3281	524	186	5	5	X
fsr-3281	524	187	)	)	PUNCT
fsr-3281	524	188	lgt	lgt	NOUN
fsr-3281	524	189	-	-	PUNCT
fsr-3281	524	190	cat	cat	ADJ
fsr-3281	524	191	bd	bd	PROPN
fsr-3281	524	192	—	—	PUNCT
fsr-3281	524	193	b	b	PROPN
fsr-3281	524	194	eur	eur	X
fsr-3281	524	195	(	(	PUNCT
fsr-3281	524	196	figi	figi	PROPN
fsr-3281	524	197	bbg003fwf1h9	bbg003fwf1h9	NOUN
fsr-3281	524	198	;	;	PUNCT
fsr-3281	524	199	front	front	ADJ
fsr-3281	524	200	load	load	NOUN
fsr-3281	524	201	n.a	n.a	PROPN
fsr-3281	524	202	.	.	PROPN
fsr-3281	524	203	;	;	PUNCT
fsr-3281	524	204	back	back	NOUN
fsr-3281	524	205	load	load	NOUN
fsr-3281	524	206	n.a	n.a	PROPN
fsr-3281	524	207	.	.	PROPN
fsr-3281	524	208	;	;	PUNCT
fsr-3281	524	209	management	management	NOUN
fsr-3281	524	210	fee	fee	NOUN
fsr-3281	524	211	n.a	n.a	PROPN
fsr-3281	524	212	.	.	PROPN
fsr-3281	524	213	;	;	PUNCT
fsr-3281	524	214	performance	performance	NOUN
fsr-3281	524	215	fee	fee	NOUN
fsr-3281	524	216	n.a	n.a	PROPN
fsr-3281	524	217	.	.	PROPN
fsr-3281	524	218	;	;	PUNCT
fsr-3281	524	219	inception	inception	NOUN
fsr-3281	524	220	date	date	NOUN
fsr-3281	524	221	9/28/2012	9/28/2012	NUM
fsr-3281	524	222	;	;	PUNCT
fsr-3281	524	223	share	share	NOUN
fsr-3281	524	224	class	class	NOUN
fsr-3281	524	225	retail	retail	NOUN
fsr-3281	524	226	)	)	PUNCT
fsr-3281	524	227	;	;	PUNCT
fsr-3281	524	228	(	(	PUNCT
fsr-3281	524	229	6	6	X
fsr-3281	524	230	)	)	PUNCT
fsr-3281	524	231	lgt	lgt	NOUN
fsr-3281	524	232	-	-	PUNCT
fsr-3281	524	233	cat	cat	ADJ
fsr-3281	524	234	bd	bd	PROPN
fsr-3281	524	235	—	—	PUNCT
fsr-3281	524	236	eur	eur	PROPN
fsr-3281	524	237	b2	b2	NOUN
fsr-3281	524	238	(	(	PUNCT
fsr-3281	524	239	figi	figi	PROPN
fsr-3281	524	240	bbg003fwf2d1	bbg003fwf2d1	NOUN
fsr-3281	524	241	;	;	PUNCT
fsr-3281	524	242	front	front	ADJ
fsr-3281	524	243	load	load	NOUN
fsr-3281	524	244	n.a	n.a	PROPN
fsr-3281	524	245	.	.	PROPN
fsr-3281	524	246	;	;	PUNCT
fsr-3281	524	247	back	back	NOUN
fsr-3281	524	248	load	load	NOUN
fsr-3281	524	249	n.a	n.a	PROPN
fsr-3281	524	250	.	.	PROPN
fsr-3281	524	251	;	;	PUNCT
fsr-3281	524	252	management	management	NOUN
fsr-3281	524	253	fee	fee	NOUN
fsr-3281	524	254	n.a	n.a	PROPN
fsr-3281	524	255	.	.	PROPN
fsr-3281	524	256	;	;	PUNCT
fsr-3281	524	257	performance	performance	NOUN
fsr-3281	524	258	fee	fee	NOUN
fsr-3281	524	259	n.a	n.a	PROPN
fsr-3281	524	260	.	.	PROPN
fsr-3281	524	261	;	;	PUNCT
fsr-3281	524	262	inception	inception	NOUN
fsr-3281	524	263	date	date	NOUN
fsr-3281	524	264	9/28/2012	9/28/2012	NUM
fsr-3281	524	265	;	;	PUNCT
fsr-3281	524	266	share	share	NOUN
fsr-3281	524	267	class	class	NOUN
fsr-3281	524	268	institutional	institutional	NOUN
fsr-3281	524	269	)	)	PUNCT
fsr-3281	524	270	;	;	PUNCT
fsr-3281	524	271	(	(	PUNCT
fsr-3281	524	272	7	7	X
fsr-3281	524	273	)	)	PUNCT
fsr-3281	524	274	lgt	lgt	NOUN
fsr-3281	524	275	-	-	PUNCT
fsr-3281	524	276	cat	cat	ADJ
fsr-3281	524	277	bd	bd	PROPN
fsr-3281	524	278	—	—	PROPN
fsr-3281	524	279	chf	chf	PROPN
fsr-3281	524	280	b2	b2	PROPN
fsr-3281	524	281	(	(	PUNCT
fsr-3281	524	282	figi	figi	PROPN
fsr-3281	524	283	bbg003fwf544	bbg003fwf544	PROPN
fsr-3281	524	284	;	;	PUNCT
fsr-3281	524	285	front	front	ADJ
fsr-3281	524	286	load	load	NOUN
fsr-3281	524	287	n.a	n.a	PROPN
fsr-3281	524	288	.	.	PROPN
fsr-3281	524	289	;	;	PUNCT
fsr-3281	524	290	back	back	NOUN
fsr-3281	524	291	load	load	NOUN
fsr-3281	524	292	n.a	n.a	PROPN
fsr-3281	524	293	.	.	PROPN
fsr-3281	524	294	;	;	PUNCT
fsr-3281	524	295	management	management	NOUN
fsr-3281	524	296	fee	fee	NOUN
fsr-3281	524	297	n.a	n.a	PROPN
fsr-3281	524	298	.	.	PROPN
fsr-3281	524	299	;	;	PUNCT
fsr-3281	524	300	performance	performance	NOUN
fsr-3281	524	301	fee	fee	NOUN
fsr-3281	524	302	n.a	n.a	PROPN
fsr-3281	524	303	.	.	PROPN
fsr-3281	524	304	;	;	PUNCT
fsr-3281	524	305	inception	inception	NOUN
fsr-3281	524	306	date	date	NOUN
fsr-3281	524	307	9/28/2012	9/28/2012	NUM
fsr-3281	524	308	;	;	PUNCT
fsr-3281	524	309	share	share	NOUN
fsr-3281	524	310	class	class	NOUN
fsr-3281	524	311	institutional	institutional	NOUN
fsr-3281	524	312	)	)	PUNCT
fsr-3281	524	313	;	;	PUNCT
fsr-3281	524	314	(	(	PUNCT
fsr-3281	524	315	8)	8)	NUM
fsr-3281	524	316	lgt	lgt	NOUN
fsr-3281	524	317	-	-	PUNCT
fsr-3281	524	318	cat	cat	ADJ
fsr-3281	524	319	bd	bd	PROPN
fsr-3281	524	320	—	—	PUNCT
fsr-3281	524	321	eur	eur	PROPN
fsr-3281	524	322	c	c	PROPN
fsr-3281	524	323	(	(	PUNCT
fsr-3281	524	324	figi	figi	PROPN
fsr-3281	524	325	bbg003fwf759	bbg003fwf759	PROPN
fsr-3281	524	326	;	;	PUNCT
fsr-3281	524	327	front	front	ADJ
fsr-3281	524	328	load	load	NOUN
fsr-3281	524	329	n.a	n.a	PROPN
fsr-3281	524	330	.	.	PROPN
fsr-3281	524	331	;	;	PUNCT
fsr-3281	524	332	back	back	NOUN
fsr-3281	524	333	load	load	NOUN
fsr-3281	524	334	n.a	n.a	PROPN
fsr-3281	524	335	.	.	PROPN
fsr-3281	524	336	;	;	PUNCT
fsr-3281	524	337	management	management	NOUN
fsr-3281	524	338	fee	fee	NOUN
fsr-3281	524	339	n.a	n.a	PROPN
fsr-3281	524	340	.	.	PROPN
fsr-3281	524	341	;	;	PUNCT
fsr-3281	524	342	performance	performance	NOUN
fsr-3281	524	343	fee	fee	NOUN
fsr-3281	524	344	n.a	n.a	PROPN
fsr-3281	524	345	.	.	PROPN
fsr-3281	524	346	;	;	PUNCT
fsr-3281	524	347	inception	inception	NOUN
fsr-3281	524	348	date	date	NOUN
fsr-3281	524	349	9/28/2012	9/28/2012	NUM
fsr-3281	524	350	;	;	PUNCT
fsr-3281	524	351	share	share	NOUN
fsr-3281	524	352	class	class	NOUN
fsr-3281	524	353	institutional	institutional	NOUN
fsr-3281	524	354	)	)	PUNCT
fsr-3281	524	355	;	;	PUNCT
fsr-3281	524	356	(	(	PUNCT
fsr-3281	524	357	9	9	X
fsr-3281	524	358	)	)	PUNCT
fsr-3281	524	359	lgt	lgt	NOUN
fsr-3281	524	360	-	-	PUNCT
fsr-3281	524	361	cat	cat	ADJ
fsr-3281	524	362	bd	bd	PROPN
fsr-3281	524	363	—	—	PROPN
fsr-3281	524	364	chf	chf	PROPN
fsr-3281	524	365	b	b	PROPN
fsr-3281	524	366	(	(	PUNCT
fsr-3281	524	367	figi	figi	NOUN
fsr-3281	524	368	bbg003fwf1z9	bbg003fwf1z9	NOUN
fsr-3281	524	369	;	;	PUNCT
fsr-3281	524	370	front	front	ADJ
fsr-3281	524	371	load	load	NOUN
fsr-3281	524	372	n.a	n.a	PROPN
fsr-3281	524	373	.	.	PROPN
fsr-3281	524	374	;	;	PUNCT
fsr-3281	524	375	back	back	NOUN
fsr-3281	524	376	load	load	NOUN
fsr-3281	524	377	n.a	n.a	PROPN
fsr-3281	524	378	.	.	PROPN
fsr-3281	524	379	;	;	PUNCT
fsr-3281	524	380	management	management	NOUN
fsr-3281	524	381	fee	fee	NOUN
fsr-3281	524	382	n.a	n.a	PROPN
fsr-3281	524	383	.	.	PROPN
fsr-3281	524	384	;	;	PUNCT
fsr-3281	524	385	performance	performance	NOUN
fsr-3281	524	386	fee	fee	NOUN
fsr-3281	524	387	n.a	n.a	PROPN
fsr-3281	524	388	.	.	PROPN
fsr-3281	524	389	;	;	PUNCT
fsr-3281	524	390	inception	inception	NOUN
fsr-3281	524	391	date	date	NOUN
fsr-3281	524	392	9/28/2012	9/28/2012	NUM
fsr-3281	524	393	;	;	PUNCT
fsr-3281	524	394	share	share	NOUN
fsr-3281	524	395	class	class	NOUN
fsr-3281	524	396	retail	retail	NOUN
fsr-3281	524	397	)	)	PUNCT
fsr-3281	524	398	;	;	PUNCT
fsr-3281	524	399	(	(	PUNCT
fsr-3281	524	400	10	10	X
fsr-3281	524	401	)	)	PUNCT
fsr-3281	524	402	lgt	lgt	NOUN
fsr-3281	524	403	lux	lux	VERB
fsr-3281	524	404	i	i	NOUN
fsr-3281	524	405	-	-	PUNCT
fsr-3281	524	406	cat	cat	NOUN
fsr-3281	524	407	bond	bond	NOUN
fsr-3281	524	408	fund	fund	NOUN
fsr-3281	524	409	—	—	PUNCT
fsr-3281	524	410	imusd	imusd	PROPN
fsr-3281	524	411	(	(	PUNCT
fsr-3281	524	412	figi	figi	PROPN
fsr-3281	524	413	bbg003qtsbh8	bbg003qtsbh8	NOUN
fsr-3281	524	414	;	;	PUNCT
fsr-3281	524	415	front	front	ADJ
fsr-3281	524	416	load	load	NOUN
fsr-3281	524	417	n.a	n.a	PROPN
fsr-3281	524	418	.	.	PROPN
fsr-3281	524	419	;	;	PUNCT
fsr-3281	524	420	back	back	NOUN
fsr-3281	524	421	load	load	NOUN
fsr-3281	524	422	n.a	n.a	PROPN
fsr-3281	524	423	.	.	PROPN
fsr-3281	524	424	;	;	PUNCT
fsr-3281	524	425	management	management	NOUN
fsr-3281	524	426	fee	fee	NOUN
fsr-3281	524	427	n.a	n.a	PROPN
fsr-3281	524	428	.	.	PROPN
fsr-3281	524	429	;	;	PUNCT
fsr-3281	524	430	performance	performance	NOUN
fsr-3281	524	431	fee	fee	NOUN
fsr-3281	524	432	n.a	n.a	PROPN
fsr-3281	524	433	.	.	PROPN
fsr-3281	524	434	;	;	PUNCT
fsr-3281	524	435	inception	inception	ADJ
fsr-3281	524	436	date	date	NOUN
fsr-3281	524	437	12/27/2012	12/27/2012	NUM
fsr-3281	524	438	;	;	PUNCT
fsr-3281	524	439	share	share	NOUN
fsr-3281	524	440	class	class	NOUN
fsr-3281	524	441	institutional	institutional	NOUN
fsr-3281	524	442	)	)	PUNCT
fsr-3281	524	443	;	;	PUNCT
fsr-3281	524	444	and	and	CCONJ
fsr-3281	524	445	(	(	PUNCT
fsr-3281	524	446	11	11	NUM
fsr-3281	524	447	)	)	PUNCT
fsr-3281	524	448	lgt	lgt	NOUN
fsr-3281	524	449	-	-	PUNCT
fsr-3281	524	450	cat	cat	ADJ
fsr-3281	524	451	bd	bd	PROPN
fsr-3281	524	452	—	—	PUNCT
fsr-3281	524	453	chf	chf	PROPN
fsr-3281	524	454	f	f	PROPN
fsr-3281	524	455	(	(	PUNCT
fsr-3281	524	456	figi	figi	PROPN
fsr-3281	524	457	bbg007qvl1v7	bbg007qvl1v7	NOUN
fsr-3281	524	458	;	;	PUNCT
fsr-3281	524	459	front	front	ADJ
fsr-3281	524	460	load	load	NOUN
fsr-3281	524	461	n.a	n.a	PROPN
fsr-3281	524	462	.	.	PROPN
fsr-3281	524	463	;	;	PUNCT
fsr-3281	524	464	back	back	NOUN
fsr-3281	524	465	load	load	NOUN
fsr-3281	524	466	n.a	n.a	PROPN
fsr-3281	524	467	.	.	PROPN
fsr-3281	524	468	;	;	PUNCT
fsr-3281	524	469	management	management	NOUN
fsr-3281	524	470	fee	fee	NOUN
fsr-3281	524	471	n.a	n.a	PROPN
fsr-3281	524	472	.	.	PROPN
fsr-3281	524	473	;	;	PUNCT
fsr-3281	524	474	performance	performance	NOUN
fsr-3281	524	475	fee	fee	NOUN
fsr-3281	524	476	n.a	n.a	PROPN
fsr-3281	524	477	.	.	PROPN
fsr-3281	524	478	;	;	PUNCT
fsr-3281	524	479	inception	inception	NOUN
fsr-3281	524	480	date	date	NOUN
fsr-3281	524	481	12/22/2014	12/22/2014	NUM
fsr-3281	524	482	;	;	PUNCT
fsr-3281	524	483	share	share	NOUN
fsr-3281	524	484	class	class	NOUN
fsr-3281	524	485	retail	retail	NOUN
fsr-3281	524	486	)	)	PUNCT
fsr-3281	524	487	.	.	PUNCT
fsr-3281	525	1	327r.j	327r.j	X
fsr-3281	525	2	.	.	PUNCT
fsr-3281	525	3	kish	kish	PROPN
fsr-3281	525	4	/	/	SYM
fsr-3281	525	5	financial	financial	ADJ
fsr-3281	525	6	services	service	NOUN
fsr-3281	525	7	review	review	VERB
fsr-3281	525	8	25	25	NUM
fsr-3281	525	9	(	(	PUNCT
fsr-3281	525	10	2016	2016	NUM
fsr-3281	525	11	)	)	PUNCT
fsr-3281	526	1	303–329	303–329	NUM
fsr-3281	526	2	the	the	DET
fsr-3281	526	3	second	second	ADJ
fsr-3281	526	4	group	group	NOUN
fsr-3281	526	5	of	of	ADP
fsr-3281	526	6	funds	fund	NOUN
fsr-3281	526	7	are	be	AUX
fsr-3281	526	8	based	base	VERB
fsr-3281	526	9	in	in	ADP
fsr-3281	526	10	switzerland	switzerland	PROPN
fsr-3281	526	11	.	.	PUNCT
fsr-3281	527	1	this	this	DET
fsr-3281	527	2	open	open	ADJ
fsr-3281	527	3	-	-	PUNCT
fsr-3281	527	4	end	end	NOUN
fsr-3281	527	5	fund	fund	NOUN
fsr-3281	527	6	invests	invest	NOUN
fsr-3281	527	7	in	in	ADP
fsr-3281	527	8	a	a	DET
fsr-3281	527	9	broadly	broadly	ADV
fsr-3281	527	10	diversified	diversify	VERB
fsr-3281	527	11	portfolio	portfolio	NOUN
fsr-3281	527	12	of	of	ADP
fsr-3281	527	13	catastrophic	catastrophic	ADJ
fsr-3281	527	14	bonds	bond	NOUN
fsr-3281	527	15	.	.	PUNCT
fsr-3281	528	1	the	the	DET
fsr-3281	528	2	fund	fund	NOUN
fsr-3281	528	3	’s	’s	PART
fsr-3281	528	4	objective	objective	NOUN
fsr-3281	528	5	is	be	AUX
fsr-3281	528	6	a	a	DET
fsr-3281	528	7	stable	stable	ADJ
fsr-3281	528	8	return	return	NOUN
fsr-3281	528	9	that	that	PRON
fsr-3281	528	10	is	be	AUX
fsr-3281	528	11	above	above	ADP
fsr-3281	528	12	the	the	DET
fsr-3281	528	13	money	money	NOUN
fsr-3281	528	14	-	-	PUNCT
fsr-3281	528	15	market	market	NOUN
fsr-3281	528	16	yield	yield	NOUN
fsr-3281	528	17	and	and	CCONJ
fsr-3281	528	18	has	have	VERB
fsr-3281	528	19	only	only	ADV
fsr-3281	528	20	a	a	DET
fsr-3281	528	21	low	low	ADJ
fsr-3281	528	22	correlation	correlation	NOUN
fsr-3281	528	23	to	to	ADP
fsr-3281	528	24	other	other	ADJ
fsr-3281	528	25	movements	movement	NOUN
fsr-3281	528	26	on	on	ADP
fsr-3281	528	27	the	the	DET
fsr-3281	528	28	financial	financial	ADJ
fsr-3281	528	29	markets	market	NOUN
fsr-3281	528	30	.	.	PUNCT
fsr-3281	529	1	this	this	DET
fsr-3281	529	2	fund	fund	NOUN
fsr-3281	529	3	family	family	NOUN
fsr-3281	529	4	consists	consist	VERB
fsr-3281	529	5	five	five	NUM
fsr-3281	529	6	of	of	ADP
fsr-3281	529	7	separate	separate	ADJ
fsr-3281	529	8	funds	fund	NOUN
fsr-3281	529	9	:	:	PUNCT
fsr-3281	529	10	switzerland	switzerland	NOUN
fsr-3281	529	11	based	base	VERB
fsr-3281	529	12	:	:	PUNCT
fsr-3281	529	13	(	(	PUNCT
fsr-3281	529	14	s1	s1	NOUN
fsr-3281	529	15	)	)	PUNCT
fsr-3281	529	16	lgt	lgt	PROPN
fsr-3281	529	17	ch	ch	NOUN
fsr-3281	529	18	-	-	PUNCT
fsr-3281	529	19	cat	cat	NOUN
fsr-3281	529	20	bond	bond	NOUN
fsr-3281	529	21	fund	fund	NOUN
fsr-3281	529	22	—	—	PUNCT
fsr-3281	529	23	eur	eur	PROPN
fsr-3281	529	24	a	a	PROPN
fsr-3281	529	25	(	(	PUNCT
fsr-3281	529	26	figi	figi	PROPN
fsr-3281	529	27	bbg000lxpp00	bbg000lxpp00	PROPN
fsr-3281	529	28	;	;	PUNCT
fsr-3281	529	29	front	front	NOUN
fsr-3281	529	30	load	load	VERB
fsr-3281	529	31	3.0	3.0	NUM
fsr-3281	529	32	%	%	NOUN
fsr-3281	529	33	back	back	NOUN
fsr-3281	529	34	load	load	NOUN
fsr-3281	529	35	0.0	0.0	NUM
fsr-3281	529	36	%	%	NOUN
fsr-3281	529	37	;	;	PUNCT
fsr-3281	529	38	management	management	NOUN
fsr-3281	529	39	fee	fee	NOUN
fsr-3281	529	40	1.75	1.75	NUM
fsr-3281	529	41	%	%	NOUN
fsr-3281	529	42	;	;	PUNCT
fsr-3281	529	43	performance	performance	NOUN
fsr-3281	529	44	fee	fee	NOUN
fsr-3281	529	45	0.0	0.0	NUM
fsr-3281	529	46	%	%	NOUN
fsr-3281	529	47	;	;	PUNCT
fsr-3281	529	48	inception	inception	ADJ
fsr-3281	529	49	date	date	NOUN
fsr-3281	529	50	5/01/2001	5/01/2001	NUM
fsr-3281	529	51	;	;	PUNCT
fsr-3281	529	52	share	share	NOUN
fsr-3281	529	53	class	class	NOUN
fsr-3281	529	54	retail	retail	NOUN
fsr-3281	529	55	)	)	PUNCT
fsr-3281	529	56	;	;	PUNCT
fsr-3281	529	57	(	(	PUNCT
fsr-3281	529	58	s2	s2	NOUN
fsr-3281	529	59	)	)	PUNCT
fsr-3281	529	60	lgt	lgt	PROPN
fsr-3281	529	61	ch	ch	NOUN
fsr-3281	529	62	-	-	PUNCT
fsr-3281	529	63	cat	cat	NOUN
fsr-3281	529	64	bond	bond	NOUN
fsr-3281	529	65	fund	fund	NOUN
fsr-3281	529	66	—	—	PUNCT
fsr-3281	529	67	usd	usd	NOUN
fsr-3281	529	68	a	a	PRON
fsr-3281	529	69	(	(	PUNCT
fsr-3281	529	70	figi	figi	PROPN
fsr-3281	529	71	bbg000lxppp3	bbg000lxppp3	NUM
fsr-3281	529	72	;	;	PUNCT
fsr-3281	529	73	front	front	ADJ
fsr-3281	529	74	load	load	NOUN
fsr-3281	529	75	3.0	3.0	NUM
fsr-3281	529	76	%	%	NOUN
fsr-3281	529	77	;	;	PUNCT
fsr-3281	529	78	back	back	NOUN
fsr-3281	529	79	load	load	NOUN
fsr-3281	529	80	0.0	0.0	NUM
fsr-3281	529	81	%	%	NOUN
fsr-3281	529	82	;	;	PUNCT
fsr-3281	529	83	management	management	NOUN
fsr-3281	529	84	fee	fee	NOUN
fsr-3281	529	85	1.75	1.75	NUM
fsr-3281	529	86	%	%	NOUN
fsr-3281	529	87	;	;	PUNCT
fsr-3281	529	88	performance	performance	NOUN
fsr-3281	529	89	fee	fee	NOUN
fsr-3281	529	90	0.0	0.0	NUM
fsr-3281	529	91	%	%	NOUN
fsr-3281	529	92	;	;	PUNCT
fsr-3281	529	93	inception	inception	ADJ
fsr-3281	529	94	date	date	NOUN
fsr-3281	529	95	5/01/2001	5/01/2001	NUM
fsr-3281	529	96	;	;	PUNCT
fsr-3281	529	97	share	share	NOUN
fsr-3281	529	98	class	class	NOUN
fsr-3281	529	99	retail	retail	NOUN
fsr-3281	529	100	)	)	PUNCT
fsr-3281	529	101	;	;	PUNCT
fsr-3281	529	102	(	(	PUNCT
fsr-3281	529	103	s3	s3	NOUN
fsr-3281	529	104	)	)	PUNCT
fsr-3281	529	105	lgt	lgt	PROPN
fsr-3281	529	106	ch	ch	NOUN
fsr-3281	529	107	-	-	PUNCT
fsr-3281	529	108	cat	cat	NOUN
fsr-3281	529	109	bond	bond	NOUN
fsr-3281	529	110	fund	fund	NOUN
fsr-3281	529	111	—	—	PUNCT
fsr-3281	529	112	chf	chf	PROPN
fsr-3281	529	113	a	a	PRON
fsr-3281	529	114	(	(	PUNCT
fsr-3281	529	115	figi	figi	PROPN
fsr-3281	529	116	bbg000lxpb47	bbg000lxpb47	NOUN
fsr-3281	529	117	;	;	PUNCT
fsr-3281	529	118	front	front	ADJ
fsr-3281	529	119	load	load	NOUN
fsr-3281	529	120	3.0	3.0	NUM
fsr-3281	529	121	%	%	NOUN
fsr-3281	529	122	;	;	PUNCT
fsr-3281	529	123	back	back	NOUN
fsr-3281	529	124	load	load	NOUN
fsr-3281	529	125	0.0	0.0	NUM
fsr-3281	529	126	%	%	NOUN
fsr-3281	529	127	;	;	PUNCT
fsr-3281	529	128	management	management	NOUN
fsr-3281	529	129	fee	fee	NOUN
fsr-3281	529	130	1.75	1.75	NUM
fsr-3281	529	131	%	%	NOUN
fsr-3281	529	132	;	;	PUNCT
fsr-3281	529	133	performance	performance	NOUN
fsr-3281	529	134	fee	fee	NOUN
fsr-3281	529	135	0.0	0.0	NUM
fsr-3281	529	136	%	%	NOUN
fsr-3281	529	137	;	;	PUNCT
fsr-3281	529	138	inception	inception	ADJ
fsr-3281	529	139	date	date	NOUN
fsr-3281	529	140	5/01/2001	5/01/2001	NUM
fsr-3281	529	141	;	;	PUNCT
fsr-3281	529	142	share	share	NOUN
fsr-3281	529	143	class	class	NOUN
fsr-3281	529	144	retail	retail	NOUN
fsr-3281	529	145	)	)	PUNCT
fsr-3281	529	146	;	;	PUNCT
fsr-3281	529	147	(	(	PUNCT
fsr-3281	529	148	s4	s4	PROPN
fsr-3281	529	149	)	)	PUNCT
fsr-3281	529	150	lgt	lgt	PROPN
fsr-3281	529	151	ch	ch	NOUN
fsr-3281	529	152	-	-	PUNCT
fsr-3281	529	153	cat	cat	NOUN
fsr-3281	529	154	bond	bond	NOUN
fsr-3281	529	155	fund	fund	NOUN
fsr-3281	529	156	—	—	PUNCT
fsr-3281	529	157	chf	chf	PROPN
fsr-3281	529	158	ia	ia	PROPN
fsr-3281	529	159	(	(	PUNCT
fsr-3281	529	160	figi	figi	PROPN
fsr-3281	529	161	bbg000vbxyz1	bbg000vbxyz1	PROPN
fsr-3281	529	162	;	;	PUNCT
fsr-3281	529	163	front	front	ADJ
fsr-3281	529	164	load	load	NOUN
fsr-3281	529	165	2.5	2.5	NUM
fsr-3281	529	166	%	%	NOUN
fsr-3281	529	167	;	;	PUNCT
fsr-3281	529	168	back	back	NOUN
fsr-3281	529	169	load	load	NOUN
fsr-3281	529	170	0.0	0.0	NUM
fsr-3281	529	171	%	%	NOUN
fsr-3281	529	172	;	;	PUNCT
fsr-3281	529	173	management	management	NOUN
fsr-3281	529	174	fee	fee	NOUN
fsr-3281	529	175	1.25	1.25	NUM
fsr-3281	529	176	%	%	NOUN
fsr-3281	529	177	;	;	PUNCT
fsr-3281	529	178	performance	performance	NOUN
fsr-3281	529	179	fee	fee	NOUN
fsr-3281	529	180	0.0	0.0	NUM
fsr-3281	529	181	%	%	NOUN
fsr-3281	529	182	;	;	PUNCT
fsr-3281	529	183	inception	inception	ADJ
fsr-3281	529	184	date	date	NOUN
fsr-3281	529	185	2/29/2008	2/29/2008	NOUN
fsr-3281	529	186	;	;	PUNCT
fsr-3281	529	187	share	share	NOUN
fsr-3281	529	188	class	class	NOUN
fsr-3281	529	189	institutional	institutional	NOUN
fsr-3281	529	190	)	)	PUNCT
fsr-3281	529	191	;	;	PUNCT
fsr-3281	529	192	and	and	CCONJ
fsr-3281	529	193	(	(	PUNCT
fsr-3281	529	194	s5	s5	NOUN
fsr-3281	529	195	)	)	PUNCT
fsr-3281	529	196	lgt	lgt	PROPN
fsr-3281	529	197	ch	ch	NOUN
fsr-3281	529	198	-	-	PUNCT
fsr-3281	529	199	cat	cat	NOUN
fsr-3281	529	200	bond	bond	NOUN
fsr-3281	529	201	fund	fund	NOUN
fsr-3281	529	202	—	—	PUNCT
fsr-3281	529	203	eur	eur	PROPN
fsr-3281	529	204	1a	1a	X
fsr-3281	529	205	(	(	PUNCT
fsr-3281	529	206	figi	figi	PROPN
fsr-3281	529	207	bbg000v1tvf6	bbg000v1tvf6	NOUN
fsr-3281	529	208	;	;	PUNCT
fsr-3281	530	1	front	front	ADJ
fsr-3281	530	2	load	load	NOUN
fsr-3281	530	3	n.a	n.a	PROPN
fsr-3281	530	4	.	.	PROPN
fsr-3281	530	5	back	back	PROPN
fsr-3281	530	6	load	load	NOUN
fsr-3281	530	7	n.a	n.a	PROPN
fsr-3281	530	8	.	.	PROPN
fsr-3281	530	9	;	;	PUNCT
fsr-3281	530	10	management	management	NOUN
fsr-3281	530	11	fee	fee	NOUN
fsr-3281	530	12	n.a	n.a	PROPN
fsr-3281	530	13	.	.	PROPN
fsr-3281	530	14	;	;	PUNCT
fsr-3281	530	15	performance	performance	NOUN
fsr-3281	530	16	fee	fee	NOUN
fsr-3281	530	17	n.a	n.a	PROPN
fsr-3281	530	18	.	.	PROPN
fsr-3281	530	19	;	;	PUNCT
fsr-3281	530	20	inception	inception	NOUN
fsr-3281	530	21	date	date	NOUN
fsr-3281	530	22	5/31/2010	5/31/2010	NUM
fsr-3281	530	23	;	;	PUNCT
fsr-3281	530	24	share	share	NOUN
fsr-3281	530	25	class	class	NOUN
fsr-3281	530	26	institutional	institutional	NOUN
fsr-3281	530	27	)	)	PUNCT
fsr-3281	530	28	.	.	PUNCT
fsr-3281	531	1	the	the	DET
fsr-3281	531	2	third	third	ADJ
fsr-3281	531	3	group	group	NOUN
fsr-3281	531	4	of	of	ADP
fsr-3281	531	5	funds	fund	NOUN
fsr-3281	531	6	are	be	AUX
fsr-3281	531	7	based	base	VERB
fsr-3281	531	8	in	in	ADP
fsr-3281	531	9	liechtenstein	liechtenstein	PROPN
fsr-3281	531	10	.	.	PUNCT
fsr-3281	532	1	the	the	DET
fsr-3281	532	2	fund	fund	NOUN
fsr-3281	532	3	invests	invest	VERB
fsr-3281	532	4	in	in	ADP
fsr-3281	532	5	a	a	DET
fsr-3281	532	6	broadly	broadly	ADV
fsr-3281	532	7	diversified	diversify	VERB
fsr-3281	532	8	portfolio	portfolio	NOUN
fsr-3281	532	9	of	of	ADP
fsr-3281	532	10	catastrophic	catastrophic	ADJ
fsr-3281	532	11	bonds	bond	NOUN
fsr-3281	532	12	.	.	PUNCT
fsr-3281	533	1	this	this	DET
fsr-3281	533	2	open	open	ADJ
fsr-3281	533	3	-	-	PUNCT
fsr-3281	533	4	end	end	NOUN
fsr-3281	533	5	fund	fund	NOUN
fsr-3281	533	6	’s	’s	PART
fsr-3281	533	7	objective	objective	NOUN
fsr-3281	533	8	is	be	AUX
fsr-3281	533	9	a	a	DET
fsr-3281	533	10	stable	stable	ADJ
fsr-3281	533	11	return	return	NOUN
fsr-3281	533	12	above	above	ADP
fsr-3281	533	13	the	the	DET
fsr-3281	533	14	money	money	NOUN
fsr-3281	533	15	-	-	PUNCT
fsr-3281	533	16	market	market	NOUN
fsr-3281	533	17	yield	yield	NOUN
fsr-3281	533	18	and	and	CCONJ
fsr-3281	533	19	has	have	VERB
fsr-3281	533	20	a	a	DET
fsr-3281	533	21	low	low	ADJ
fsr-3281	533	22	correlation	correlation	NOUN
fsr-3281	533	23	to	to	ADP
fsr-3281	533	24	other	other	ADJ
fsr-3281	533	25	movements	movement	NOUN
fsr-3281	533	26	on	on	ADP
fsr-3281	533	27	the	the	DET
fsr-3281	533	28	financial	financial	ADJ
fsr-3281	533	29	market	market	NOUN
fsr-3281	533	30	.	.	PUNCT
fsr-3281	534	1	this	this	DET
fsr-3281	534	2	fund	fund	NOUN
fsr-3281	534	3	family	family	NOUN
fsr-3281	534	4	consists	consist	VERB
fsr-3281	534	5	six	six	NUM
fsr-3281	534	6	of	of	ADP
fsr-3281	534	7	separate	separate	ADJ
fsr-3281	534	8	funds	fund	NOUN
fsr-3281	534	9	:	:	PUNCT
fsr-3281	534	10	liechtenstein	liechtenstein	PROPN
fsr-3281	534	11	based	base	VERB
fsr-3281	534	12	:	:	PUNCT
fsr-3281	534	13	(	(	PUNCT
fsr-3281	534	14	l1	l1	PROPN
fsr-3281	534	15	)	)	PUNCT
fsr-3281	534	16	lgt	lgt	VERB
fsr-3281	534	17	select	select	ADJ
fsr-3281	534	18	-	-	PUNCT
fsr-3281	534	19	cat	cat	NOUN
fsr-3281	534	20	bond	bond	NOUN
fsr-3281	534	21	—	—	PUNCT
fsr-3281	534	22	im	im	PUNCT
fsr-3281	534	23	(	(	PUNCT
fsr-3281	534	24	figi	figi	PROPN
fsr-3281	534	25	bbg005t7cjj6	bbg005t7cjj6	NOUN
fsr-3281	534	26	;	;	PUNCT
fsr-3281	534	27	front	front	ADJ
fsr-3281	534	28	load	load	NOUN
fsr-3281	534	29	n.a	n.a	PROPN
fsr-3281	534	30	.	.	PROPN
fsr-3281	534	31	;	;	PUNCT
fsr-3281	534	32	back	back	NOUN
fsr-3281	534	33	load	load	NOUN
fsr-3281	534	34	0.0	0.0	NUM
fsr-3281	534	35	%	%	NOUN
fsr-3281	534	36	.	.	PUNCT
fsr-3281	534	37	;	;	PUNCT
fsr-3281	534	38	management	management	NOUN
fsr-3281	534	39	fee	fee	NOUN
fsr-3281	534	40	n.a	n.a	PROPN
fsr-3281	534	41	.	.	PROPN
fsr-3281	534	42	;	;	PUNCT
fsr-3281	534	43	performance	performance	NOUN
fsr-3281	534	44	fee	fee	NOUN
fsr-3281	534	45	0.0	0.0	NUM
fsr-3281	534	46	%	%	NOUN
fsr-3281	534	47	;	;	PUNCT
fsr-3281	535	1	inception	inception	ADJ
fsr-3281	535	2	date	date	NOUN
fsr-3281	535	3	12/16/2013	12/16/2013	NUM
fsr-3281	535	4	;	;	PUNCT
fsr-3281	535	5	share	share	NOUN
fsr-3281	535	6	class	class	NOUN
fsr-3281	535	7	institutional	institutional	NOUN
fsr-3281	535	8	)	)	PUNCT
fsr-3281	535	9	;	;	PUNCT
fsr-3281	535	10	(	(	PUNCT
fsr-3281	535	11	l2	l2	NOUN
fsr-3281	535	12	)	)	PUNCT
fsr-3281	535	13	lgt	lgt	NOUN
fsr-3281	535	14	lie	lie	NOUN
fsr-3281	535	15	-	-	PUNCT
fsr-3281	535	16	cat	cat	NOUN
fsr-3281	535	17	bond	bond	NOUN
fsr-3281	535	18	fund	fund	NOUN
fsr-3281	535	19	—	—	PUNCT
fsr-3281	535	20	chf	chf	PROPN
fsr-3281	535	21	b	b	PROPN
fsr-3281	535	22	(	(	PUNCT
fsr-3281	535	23	figi	figi	PROPN
fsr-3281	535	24	bbg000nfwsz5	bbg000nfwsz5	NOUN
fsr-3281	535	25	;	;	PUNCT
fsr-3281	535	26	front	front	ADJ
fsr-3281	535	27	load	load	NOUN
fsr-3281	535	28	n.a	n.a	PROPN
fsr-3281	535	29	.	.	PROPN
fsr-3281	535	30	back	back	PROPN
fsr-3281	535	31	load	load	NOUN
fsr-3281	535	32	n.a	n.a	PROPN
fsr-3281	535	33	.	.	PROPN
fsr-3281	535	34	;	;	PUNCT
fsr-3281	535	35	management	management	NOUN
fsr-3281	535	36	fee	fee	NOUN
fsr-3281	535	37	n.a	n.a	PROPN
fsr-3281	535	38	.	.	PROPN
fsr-3281	535	39	;	;	PUNCT
fsr-3281	535	40	performance	performance	NOUN
fsr-3281	535	41	fee	fee	NOUN
fsr-3281	535	42	n.a	n.a	PROPN
fsr-3281	535	43	.	.	PROPN
fsr-3281	535	44	;	;	PUNCT
fsr-3281	535	45	inception	inception	NOUN
fsr-3281	535	46	date	date	NOUN
fsr-3281	535	47	7/31/2009	7/31/2009	NUM
fsr-3281	535	48	;	;	PUNCT
fsr-3281	535	49	share	share	NOUN
fsr-3281	535	50	class	class	NOUN
fsr-3281	535	51	retail	retail	NOUN
fsr-3281	535	52	)	)	PUNCT
fsr-3281	535	53	;	;	PUNCT
fsr-3281	535	54	(	(	PUNCT
fsr-3281	535	55	l3	l3	NOUN
fsr-3281	535	56	)	)	PUNCT
fsr-3281	535	57	lgt	lgt	PROPN
fsr-3281	535	58	lie	lie	NOUN
fsr-3281	535	59	-	-	PUNCT
fsr-3281	535	60	cat	cat	NOUN
fsr-3281	535	61	bond	bond	NOUN
fsr-3281	535	62	fund	fund	NOUN
fsr-3281	535	63	—	—	PUNCT
fsr-3281	535	64	usd	usd	PROPN
fsr-3281	535	65	b	b	PROPN
fsr-3281	535	66	(	(	PUNCT
fsr-3281	535	67	figi	figi	PROPN
fsr-3281	535	68	bbg0030nfwxd8	bbg0030nfwxd8	PROPN
fsr-3281	535	69	;	;	PUNCT
fsr-3281	535	70	front	front	ADJ
fsr-3281	535	71	load	load	NOUN
fsr-3281	535	72	n.a	n.a	PROPN
fsr-3281	535	73	.	.	PROPN
fsr-3281	535	74	;	;	PUNCT
fsr-3281	535	75	back	back	NOUN
fsr-3281	535	76	load	load	NOUN
fsr-3281	535	77	n.a	n.a	PROPN
fsr-3281	535	78	.	.	PROPN
fsr-3281	535	79	;	;	PUNCT
fsr-3281	535	80	management	management	NOUN
fsr-3281	535	81	fee	fee	NOUN
fsr-3281	535	82	n.a	n.a	PROPN
fsr-3281	535	83	.	.	PROPN
fsr-3281	535	84	;	;	PUNCT
fsr-3281	535	85	performance	performance	NOUN
fsr-3281	535	86	fee	fee	NOUN
fsr-3281	535	87	n.a	n.a	PROPN
fsr-3281	535	88	.	.	PROPN
fsr-3281	535	89	;	;	PUNCT
fsr-3281	535	90	inception	inception	NOUN
fsr-3281	535	91	date	date	NOUN
fsr-3281	535	92	7/31/2009	7/31/2009	NUM
fsr-3281	535	93	;	;	PUNCT
fsr-3281	535	94	share	share	NOUN
fsr-3281	535	95	class	class	NOUN
fsr-3281	535	96	retail	retail	NOUN
fsr-3281	535	97	)	)	PUNCT
fsr-3281	535	98	;	;	PUNCT
fsr-3281	535	99	(	(	PUNCT
fsr-3281	535	100	l4	l4	PROPN
fsr-3281	535	101	)	)	PUNCT
fsr-3281	535	102	lgt	lgt	PROPN
fsr-3281	535	103	lie	lie	NOUN
fsr-3281	535	104	-	-	PUNCT
fsr-3281	535	105	cat	cat	NOUN
fsr-3281	535	106	bond	bond	NOUN
fsr-3281	535	107	fund	fund	NOUN
fsr-3281	535	108	—	—	PUNCT
fsr-3281	535	109	eur	eur	PROPN
fsr-3281	535	110	d	d	PROPN
fsr-3281	535	111	(	(	PUNCT
fsr-3281	535	112	figi	figi	PROPN
fsr-3281	535	113	bbg000nfxzy9	bbg000nfxzy9	NOUN
fsr-3281	535	114	;	;	PUNCT
fsr-3281	535	115	front	front	ADJ
fsr-3281	535	116	load	load	NOUN
fsr-3281	535	117	n.a	n.a	PROPN
fsr-3281	535	118	.	.	PROPN
fsr-3281	535	119	;	;	PUNCT
fsr-3281	535	120	back	back	NOUN
fsr-3281	535	121	load	load	NOUN
fsr-3281	535	122	n.a	n.a	PROPN
fsr-3281	535	123	.	.	PROPN
fsr-3281	535	124	;	;	PUNCT
fsr-3281	535	125	management	management	NOUN
fsr-3281	535	126	fee	fee	NOUN
fsr-3281	535	127	n.a	n.a	PROPN
fsr-3281	535	128	.	.	PROPN
fsr-3281	535	129	;	;	PUNCT
fsr-3281	535	130	performance	performance	NOUN
fsr-3281	535	131	fee	fee	NOUN
fsr-3281	535	132	n.a	n.a	PROPN
fsr-3281	535	133	.	.	PROPN
fsr-3281	535	134	;	;	PUNCT
fsr-3281	535	135	inception	inception	NOUN
fsr-3281	535	136	date	date	NOUN
fsr-3281	535	137	7/31/2009	7/31/2009	NUM
fsr-3281	535	138	;	;	PUNCT
fsr-3281	535	139	share	share	NOUN
fsr-3281	535	140	class	class	NOUN
fsr-3281	535	141	institutional	institutional	NOUN
fsr-3281	535	142	)	)	PUNCT
fsr-3281	535	143	;	;	PUNCT
fsr-3281	535	144	(	(	PUNCT
fsr-3281	535	145	l5	l5	PROPN
fsr-3281	535	146	)	)	PUNCT
fsr-3281	535	147	lgt	lgt	NOUN
fsr-3281	535	148	lie	lie	NOUN
fsr-3281	535	149	-	-	PUNCT
fsr-3281	535	150	cat	cat	NOUN
fsr-3281	535	151	bond	bond	NOUN
fsr-3281	535	152	fund	fund	NOUN
fsr-3281	535	153	—	—	PUNCT
fsr-3281	535	154	eur	eur	PROPN
fsr-3281	535	155	b	b	PROPN
fsr-3281	535	156	(	(	PUNCT
fsr-3281	535	157	figi	figi	PROPN
fsr-3281	535	158	bbg000nfwvn1	bbg000nfwvn1	PROPN
fsr-3281	535	159	;	;	PUNCT
fsr-3281	535	160	front	front	ADJ
fsr-3281	535	161	load	load	NOUN
fsr-3281	535	162	n.a	n.a	PROPN
fsr-3281	535	163	.	.	PROPN
fsr-3281	535	164	;	;	PUNCT
fsr-3281	535	165	back	back	NOUN
fsr-3281	535	166	load	load	NOUN
fsr-3281	535	167	n.a	n.a	PROPN
fsr-3281	535	168	.	.	PROPN
fsr-3281	535	169	;	;	PUNCT
fsr-3281	535	170	management	management	NOUN
fsr-3281	535	171	fee	fee	NOUN
fsr-3281	535	172	n.a	n.a	PROPN
fsr-3281	535	173	.	.	PROPN
fsr-3281	535	174	;	;	PUNCT
fsr-3281	535	175	performance	performance	NOUN
fsr-3281	535	176	fee	fee	NOUN
fsr-3281	535	177	n.a	n.a	PROPN
fsr-3281	535	178	.	.	PROPN
fsr-3281	535	179	;	;	PUNCT
fsr-3281	535	180	inception	inception	NOUN
fsr-3281	535	181	date	date	NOUN
fsr-3281	535	182	7/31/2009	7/31/2009	NUM
fsr-3281	535	183	;	;	PUNCT
fsr-3281	535	184	share	share	NOUN
fsr-3281	535	185	class	class	NOUN
fsr-3281	535	186	retail	retail	NOUN
fsr-3281	535	187	)	)	PUNCT
fsr-3281	535	188	;	;	PUNCT
fsr-3281	535	189	and	and	CCONJ
fsr-3281	535	190	(	(	PUNCT
fsr-3281	535	191	l6	l6	PROPN
fsr-3281	535	192	)	)	PUNCT
fsr-3281	535	193	lgt	lgt	NOUN
fsr-3281	535	194	lie	lie	NOUN
fsr-3281	535	195	-	-	PUNCT
fsr-3281	535	196	cat	cat	NOUN
fsr-3281	535	197	bond	bond	NOUN
fsr-3281	535	198	fund	fund	NOUN
fsr-3281	535	199	—	—	PUNCT
fsr-3281	536	1	chf	chf	PROPN
fsr-3281	536	2	d	d	PROPN
fsr-3281	536	3	(	(	PUNCT
fsr-3281	536	4	figi	figi	PROPN
fsr-3281	536	5	bbg000nfwxy5	bbg000nfwxy5	PROPN
fsr-3281	536	6	;	;	PUNCT
fsr-3281	536	7	front	front	ADJ
fsr-3281	536	8	load	load	NOUN
fsr-3281	536	9	n.a	n.a	PROPN
fsr-3281	536	10	.	.	PROPN
fsr-3281	536	11	;	;	PUNCT
fsr-3281	536	12	back	back	NOUN
fsr-3281	536	13	load	load	NOUN
fsr-3281	536	14	n.a	n.a	PROPN
fsr-3281	536	15	.	.	PROPN
fsr-3281	536	16	;	;	PUNCT
fsr-3281	536	17	management	management	NOUN
fsr-3281	536	18	fee	fee	NOUN
fsr-3281	536	19	n.a	n.a	PROPN
fsr-3281	536	20	.	.	PROPN
fsr-3281	536	21	;	;	PUNCT
fsr-3281	536	22	performance	performance	NOUN
fsr-3281	536	23	fee	fee	NOUN
fsr-3281	536	24	n.a	n.a	PROPN
fsr-3281	536	25	.	.	PROPN
fsr-3281	536	26	;	;	PUNCT
fsr-3281	536	27	inception	inception	NOUN
fsr-3281	536	28	date	date	NOUN
fsr-3281	536	29	7/31/2009	7/31/2009	NUM
fsr-3281	536	30	;	;	PUNCT
fsr-3281	536	31	share	share	NOUN
fsr-3281	536	32	class	class	NOUN
fsr-3281	536	33	institutional	institutional	NOUN
fsr-3281	536	34	)	)	PUNCT
fsr-3281	536	35	.	.	PUNCT
fsr-3281	537	1	references	reference	NOUN
fsr-3281	537	2	bantwal	bantwal	NOUN
fsr-3281	537	3	,	,	PUNCT
fsr-3281	537	4	v	v	NOUN
fsr-3281	537	5	,	,	PUNCT
fsr-3281	537	6	&	&	CCONJ
fsr-3281	537	7	kunreuther	kunreuther	PROPN
fsr-3281	537	8	,	,	PUNCT
fsr-3281	537	9	h.	h.	PROPN
fsr-3281	537	10	(	(	PUNCT
fsr-3281	537	11	2000	2000	NUM
fsr-3281	537	12	)	)	PUNCT
fsr-3281	537	13	.	.	PUNCT
fsr-3281	538	1	a	a	DET
fsr-3281	538	2	cat	cat	NOUN
fsr-3281	538	3	bond	bond	NOUN
fsr-3281	538	4	premium	premium	NOUN
fsr-3281	538	5	puzzle	puzzle	NOUN
fsr-3281	538	6	?	?	PUNCT
fsr-3281	539	1	journal	journal	NOUN
fsr-3281	539	2	of	of	ADP
fsr-3281	539	3	psychology	psychology	NOUN
fsr-3281	539	4	and	and	CCONJ
fsr-3281	539	5	financial	financial	ADJ
fsr-3281	539	6	market	market	NOUN
fsr-3281	539	7	,	,	PUNCT
fsr-3281	539	8	1	1	NUM
fsr-3281	539	9	,	,	PUNCT
fsr-3281	539	10	76–91	76–91	NUM
fsr-3281	539	11	.	.	PUNCT
fsr-3281	540	1	barrieu	barrieu	PROPN
fsr-3281	540	2	,	,	PUNCT
fsr-3281	540	3	p.	p.	NOUN
fsr-3281	540	4	,	,	PUNCT
fsr-3281	540	5	&	&	CCONJ
fsr-3281	540	6	louberge	louberge	PROPN
fsr-3281	540	7	,	,	PUNCT
fsr-3281	540	8	h.	h.	PROPN
fsr-3281	540	9	(	(	PUNCT
fsr-3281	540	10	2009	2009	NUM
fsr-3281	540	11	)	)	PUNCT
fsr-3281	540	12	.	.	PUNCT
fsr-3281	541	1	hybird	hybird	PROPN
fsr-3281	541	2	cat	cat	PROPN
fsr-3281	541	3	bonds	bond	NOUN
fsr-3281	541	4	.	.	PUNCT
fsr-3281	542	1	journal	journal	NOUN
fsr-3281	542	2	of	of	ADP
fsr-3281	542	3	risk	risk	NOUN
fsr-3281	542	4	and	and	CCONJ
fsr-3281	542	5	insurance	insurance	NOUN
fsr-3281	542	6	,	,	PUNCT
fsr-3281	542	7	76	76	NUM
fsr-3281	542	8	,	,	PUNCT
fsr-3281	542	9	547–578	547–578	NUM
fsr-3281	542	10	.	.	PUNCT
fsr-3281	543	1	cummins	cummins	PROPN
fsr-3281	543	2	,	,	PUNCT
fsr-3281	543	3	j.	j.	PROPN
fsr-3281	543	4	d.	d.	PROPN
fsr-3281	543	5	(	(	PUNCT
fsr-3281	543	6	2008	2008	NUM
fsr-3281	543	7	)	)	PUNCT
fsr-3281	543	8	.	.	PUNCT
fsr-3281	544	1	cat	cat	NOUN
fsr-3281	544	2	bonds	bond	NOUN
fsr-3281	544	3	and	and	CCONJ
fsr-3281	544	4	other	other	ADJ
fsr-3281	544	5	risk	risk	NOUN
fsr-3281	544	6	-	-	PUNCT
fsr-3281	544	7	linked	link	VERB
fsr-3281	544	8	securities	security	NOUN
fsr-3281	544	9	:	:	PUNCT
fsr-3281	544	10	state	state	NOUN
fsr-3281	544	11	of	of	ADP
fsr-3281	544	12	the	the	DET
fsr-3281	544	13	market	market	NOUN
fsr-3281	544	14	and	and	CCONJ
fsr-3281	544	15	recent	recent	ADJ
fsr-3281	544	16	developments	development	NOUN
fsr-3281	544	17	.	.	PUNCT
fsr-3281	545	1	risk	risk	NOUN
fsr-3281	545	2	management	management	NOUN
fsr-3281	545	3	and	and	CCONJ
fsr-3281	545	4	insurance	insurance	NOUN
fsr-3281	545	5	review	review	NOUN
fsr-3281	545	6	,	,	PUNCT
fsr-3281	545	7	11	11	NUM
fsr-3281	545	8	,	,	PUNCT
fsr-3281	545	9	23–47	23–47	NUM
fsr-3281	545	10	.	.	PUNCT
fsr-3281	545	11	cummins	cummins	PROPN
fsr-3281	545	12	,	,	PUNCT
fsr-3281	545	13	j.	j.	PROPN
fsr-3281	545	14	d.	d.	PROPN
fsr-3281	545	15	(	(	PUNCT
fsr-3281	545	16	2012	2012	NUM
fsr-3281	545	17	)	)	PUNCT
fsr-3281	545	18	.	.	PUNCT
fsr-3281	546	1	cat	cat	NOUN
fsr-3281	546	2	bonds	bond	NOUN
fsr-3281	546	3	and	and	CCONJ
fsr-3281	546	4	other	other	ADJ
fsr-3281	546	5	risk	risk	NOUN
fsr-3281	546	6	-	-	PUNCT
fsr-3281	546	7	linked	link	VERB
fsr-3281	546	8	securities	security	NOUN
fsr-3281	546	9	:	:	PUNCT
fsr-3281	546	10	product	product	NOUN
fsr-3281	546	11	design	design	NOUN
fsr-3281	546	12	and	and	CCONJ
fsr-3281	546	13	evolution	evolution	NOUN
fsr-3281	546	14	of	of	ADP
fsr-3281	546	15	the	the	DET
fsr-3281	546	16	market	market	NOUN
fsr-3281	546	17	.	.	PUNCT
fsr-3281	547	1	the	the	DET
fsr-3281	547	2	geneva	geneva	PROPN
fsr-3281	547	3	reports	report	NOUN
fsr-3281	547	4	:	:	PUNCT
fsr-3281	547	5	risk	risk	NOUN
fsr-3281	547	6	and	and	CCONJ
fsr-3281	547	7	insurance	insurance	NOUN
fsr-3281	547	8	research	research	NOUN
fsr-3281	547	9	,	,	PUNCT
fsr-3281	547	10	5	5	NUM
fsr-3281	547	11	,	,	PUNCT
fsr-3281	547	12	39–61	39–61	NUM
fsr-3281	547	13	.	.	PUNCT
fsr-3281	547	14	328	328	NUM
fsr-3281	547	15	r.j	r.j	PROPN
fsr-3281	547	16	.	.	PROPN
fsr-3281	547	17	kish	kish	PROPN
fsr-3281	547	18	/	/	SYM
fsr-3281	547	19	financial	financial	ADJ
fsr-3281	547	20	services	service	NOUN
fsr-3281	547	21	review	review	VERB
fsr-3281	547	22	25	25	NUM
fsr-3281	547	23	(	(	PUNCT
fsr-3281	547	24	2016	2016	NUM
fsr-3281	547	25	)	)	PUNCT
fsr-3281	547	26	303–329	303–329	NUM
fsr-3281	547	27	cummins	cummin	NOUN
fsr-3281	547	28	,	,	PUNCT
fsr-3281	547	29	j.	j.	PROPN
fsr-3281	547	30	d.	d.	PROPN
fsr-3281	547	31	,	,	PUNCT
fsr-3281	547	32	lalonde	lalonde	PROPN
fsr-3281	547	33	,	,	PUNCT
fsr-3281	547	34	d.	d.	PROPN
fsr-3281	547	35	,	,	PUNCT
fsr-3281	547	36	&	&	CCONJ
fsr-3281	547	37	phillips	phillips	PROPN
fsr-3281	547	38	,	,	PUNCT
fsr-3281	547	39	r.	r.	PROPN
fsr-3281	547	40	d.	d.	PROPN
fsr-3281	547	41	(	(	PUNCT
fsr-3281	547	42	2004	2004	NUM
fsr-3281	547	43	)	)	PUNCT
fsr-3281	547	44	.	.	PUNCT
fsr-3281	548	1	the	the	DET
fsr-3281	548	2	basis	basis	NOUN
fsr-3281	548	3	risk	risk	NOUN
fsr-3281	548	4	of	of	ADP
fsr-3281	548	5	catastrophic	catastrophic	ADJ
fsr-3281	548	6	-	-	PUNCT
fsr-3281	548	7	loss	loss	NOUN
fsr-3281	548	8	index	index	NOUN
fsr-3281	548	9	securities	security	NOUN
fsr-3281	548	10	.	.	PUNCT
fsr-3281	549	1	journal	journal	PROPN
fsr-3281	549	2	of	of	ADP
fsr-3281	549	3	financial	financial	ADJ
fsr-3281	549	4	economics	economic	NOUN
fsr-3281	549	5	,	,	PUNCT
fsr-3281	549	6	71	71	NUM
fsr-3281	549	7	,	,	PUNCT
fsr-3281	549	8	77–111	77–111	PROPN
fsr-3281	549	9	.	.	PUNCT
fsr-3281	549	10	cummins	cummins	PROPN
fsr-3281	549	11	,	,	PUNCT
fsr-3281	549	12	j.	j.	PROPN
fsr-3281	549	13	d.	d.	PROPN
fsr-3281	549	14	,	,	PUNCT
fsr-3281	549	15	&	&	CCONJ
fsr-3281	549	16	trainar	trainar	PROPN
fsr-3281	549	17	,	,	PUNCT
fsr-3281	549	18	p.	p.	NOUN
fsr-3281	549	19	(	(	PUNCT
fsr-3281	549	20	2009	2009	NUM
fsr-3281	549	21	)	)	PUNCT
fsr-3281	549	22	.	.	PUNCT
fsr-3281	550	1	securitization	securitization	NOUN
fsr-3281	550	2	,	,	PUNCT
fsr-3281	550	3	insurance	insurance	NOUN
fsr-3281	550	4	,	,	PUNCT
fsr-3281	550	5	and	and	CCONJ
fsr-3281	550	6	reinsurance	reinsurance	NOUN
fsr-3281	550	7	.	.	PUNCT
fsr-3281	551	1	journal	journal	NOUN
fsr-3281	551	2	of	of	ADP
fsr-3281	551	3	risk	risk	NOUN
fsr-3281	551	4	and	and	CCONJ
fsr-3281	551	5	insurance	insurance	NOUN
fsr-3281	551	6	,	,	PUNCT
fsr-3281	551	7	76	76	NUM
fsr-3281	551	8	,	,	PUNCT
fsr-3281	551	9	463–492	463–492	NUM
fsr-3281	551	10	.	.	PUNCT
fsr-3281	552	1	dieckmann	dieckmann	PROPN
fsr-3281	552	2	,	,	PUNCT
fsr-3281	552	3	s.	s.	PROPN
fsr-3281	552	4	(	(	PUNCT
fsr-3281	552	5	2011	2011	NUM
fsr-3281	552	6	)	)	PUNCT
fsr-3281	552	7	.	.	PUNCT
fsr-3281	553	1	a	a	DET
fsr-3281	553	2	consumption	consumption	NOUN
fsr-3281	553	3	-	-	PUNCT
fsr-3281	553	4	based	base	VERB
fsr-3281	553	5	evaluation	evaluation	NOUN
fsr-3281	553	6	of	of	ADP
fsr-3281	553	7	the	the	DET
fsr-3281	553	8	cat	cat	NOUN
fsr-3281	553	9	bond	bond	NOUN
fsr-3281	553	10	market	market	NOUN
fsr-3281	553	11	.	.	PUNCT
fsr-3281	554	1	working	work	VERB
fsr-3281	554	2	paper	paper	NOUN
fsr-3281	554	3	(	(	PUNCT
fsr-3281	554	4	darden	darden	PROPN
fsr-3281	554	5	school	school	NOUN
fsr-3281	554	6	of	of	ADP
fsr-3281	554	7	business	business	NOUN
fsr-3281	554	8	,	,	PUNCT
fsr-3281	554	9	university	university	PROPN
fsr-3281	554	10	of	of	ADP
fsr-3281	554	11	virginia	virginia	PROPN
fsr-3281	554	12	)	)	PUNCT
fsr-3281	554	13	.	.	PUNCT
fsr-3281	555	1	durbin	durbin	PROPN
fsr-3281	555	2	,	,	PUNCT
fsr-3281	555	3	d.	d.	PROPN
fsr-3281	555	4	(	(	PUNCT
fsr-3281	555	5	2001	2001	NUM
fsr-3281	555	6	)	)	PUNCT
fsr-3281	555	7	.	.	PUNCT
fsr-3281	556	1	managing	manage	VERB
fsr-3281	556	2	natural	natural	ADJ
fsr-3281	556	3	catastrophe	catastrophe	NOUN
fsr-3281	556	4	risks	risk	NOUN
fsr-3281	556	5	:	:	PUNCT
fsr-3281	556	6	the	the	DET
fsr-3281	556	7	structure	structure	NOUN
fsr-3281	556	8	and	and	CCONJ
fsr-3281	556	9	dynamics	dynamic	NOUN
fsr-3281	556	10	of	of	ADP
fsr-3281	556	11	reinsurance	reinsurance	NOUN
fsr-3281	556	12	.	.	PUNCT
fsr-3281	557	1	the	the	DET
fsr-3281	557	2	geneva	geneva	PROPN
fsr-3281	557	3	papers	paper	NOUN
fsr-3281	557	4	on	on	ADP
fsr-3281	557	5	risk	risk	NOUN
fsr-3281	557	6	and	and	CCONJ
fsr-3281	557	7	insurance	insurance	NOUN
fsr-3281	557	8	,	,	PUNCT
fsr-3281	557	9	26	26	NUM
fsr-3281	557	10	,	,	PUNCT
fsr-3281	557	11	297–309	297–309	NUM
fsr-3281	557	12	.	.	PUNCT
fsr-3281	558	1	finken	finken	PROPN
fsr-3281	558	2	,	,	PUNCT
fsr-3281	558	3	s.	s.	PROPN
fsr-3281	558	4	,	,	PUNCT
fsr-3281	558	5	&	&	CCONJ
fsr-3281	558	6	laux	laux	PROPN
fsr-3281	558	7	,	,	PUNCT
fsr-3281	558	8	c.	c.	PROPN
fsr-3281	558	9	(	(	PUNCT
fsr-3281	558	10	2009	2009	NUM
fsr-3281	558	11	)	)	PUNCT
fsr-3281	558	12	.	.	PUNCT
fsr-3281	559	1	catastrophe	catastrophe	NOUN
fsr-3281	559	2	bonds	bond	NOUN
fsr-3281	559	3	and	and	CCONJ
fsr-3281	559	4	reinsurance	reinsurance	NOUN
fsr-3281	559	5	:	:	PUNCT
fsr-3281	559	6	the	the	DET
fsr-3281	559	7	competitive	competitive	ADJ
fsr-3281	559	8	effect	effect	NOUN
fsr-3281	559	9	of	of	ADP
fsr-3281	559	10	informationinsensitive	informationinsensitive	ADJ
fsr-3281	559	11	triggers	trigger	NOUN
fsr-3281	559	12	.	.	PUNCT
fsr-3281	560	1	journal	journal	NOUN
fsr-3281	560	2	of	of	ADP
fsr-3281	560	3	risk	risk	NOUN
fsr-3281	560	4	and	and	CCONJ
fsr-3281	560	5	insurance	insurance	NOUN
fsr-3281	560	6	,	,	PUNCT
fsr-3281	560	7	76	76	NUM
fsr-3281	560	8	,	,	PUNCT
fsr-3281	560	9	597–605	597–605	NUM
fsr-3281	560	10	.	.	PUNCT
fsr-3281	561	1	froot	froot	PROPN
fsr-3281	561	2	,	,	PUNCT
fsr-3281	561	3	k.	k.	PROPN
fsr-3281	561	4	a.	a.	PROPN
fsr-3281	561	5	(	(	PUNCT
fsr-3281	561	6	2001	2001	NUM
fsr-3281	561	7	)	)	PUNCT
fsr-3281	561	8	.	.	PUNCT
fsr-3281	562	1	the	the	DET
fsr-3281	562	2	market	market	NOUN
fsr-3281	562	3	for	for	ADP
fsr-3281	562	4	catastrophe	catastrophe	NOUN
fsr-3281	562	5	risk	risk	NOUN
fsr-3281	562	6	:	:	PUNCT
fsr-3281	562	7	a	a	DET
fsr-3281	562	8	clinical	clinical	ADJ
fsr-3281	562	9	examination	examination	NOUN
fsr-3281	562	10	.	.	PUNCT
fsr-3281	563	1	journal	journal	NOUN
fsr-3281	563	2	of	of	ADP
fsr-3281	563	3	financial	financial	ADJ
fsr-3281	563	4	economics	economic	NOUN
fsr-3281	563	5	,	,	PUNCT
fsr-3281	563	6	60	60	NUM
fsr-3281	563	7	,	,	PUNCT
fsr-3281	563	8	529–571	529–571	NUM
fsr-3281	563	9	.	.	PUNCT
fsr-3281	563	10	froot	froot	PROPN
fsr-3281	563	11	,	,	PUNCT
fsr-3281	563	12	k.	k.	PROPN
fsr-3281	563	13	a.	a.	PROPN
fsr-3281	563	14	,	,	PUNCT
fsr-3281	563	15	&	&	CCONJ
fsr-3281	563	16	o’connell	o’connell	PROPN
fsr-3281	563	17	,	,	PUNCT
fsr-3281	563	18	p.	p.	NOUN
fsr-3281	563	19	g.	g.	PROPN
fsr-3281	563	20	(	(	PUNCT
fsr-3281	563	21	2008	2008	NUM
fsr-3281	563	22	)	)	PUNCT
fsr-3281	563	23	.	.	PUNCT
fsr-3281	564	1	on	on	ADP
fsr-3281	564	2	the	the	DET
fsr-3281	564	3	pricing	pricing	NOUN
fsr-3281	564	4	of	of	ADP
fsr-3281	564	5	intermediated	intermediate	VERB
fsr-3281	564	6	risks	risk	NOUN
fsr-3281	564	7	:	:	PUNCT
fsr-3281	564	8	theory	theory	NOUN
fsr-3281	564	9	and	and	CCONJ
fsr-3281	564	10	application	application	NOUN
fsr-3281	564	11	to	to	ADP
fsr-3281	564	12	catastrophe	catastrophe	NOUN
fsr-3281	564	13	reinsurance	reinsurance	NOUN
fsr-3281	564	14	.	.	PUNCT
fsr-3281	565	1	journal	journal	NOUN
fsr-3281	565	2	of	of	ADP
fsr-3281	565	3	banking	banking	NOUN
fsr-3281	565	4	&	&	CCONJ
fsr-3281	565	5	finance	finance	PROPN
fsr-3281	565	6	,	,	PUNCT
fsr-3281	565	7	32	32	NUM
fsr-3281	565	8	,	,	PUNCT
fsr-3281	565	9	69–85	69–85	NUM
fsr-3281	565	10	.	.	PUNCT
fsr-3281	566	1	hagendorff	hagendorff	PROPN
fsr-3281	566	2	,	,	PUNCT
fsr-3281	566	3	b.	b.	PROPN
fsr-3281	566	4	,	,	PUNCT
fsr-3281	566	5	hagendorff	hagendorff	PROPN
fsr-3281	566	6	,	,	PUNCT
fsr-3281	566	7	j.	j.	PROPN
fsr-3281	566	8	,	,	PUNCT
fsr-3281	566	9	&	&	CCONJ
fsr-3281	566	10	keasey	keasey	PROPN
fsr-3281	566	11	,	,	PUNCT
fsr-3281	566	12	k.	k.	PROPN
fsr-3281	566	13	(	(	PUNCT
fsr-3281	566	14	2013	2013	NUM
fsr-3281	566	15	)	)	PUNCT
fsr-3281	566	16	.	.	PUNCT
fsr-3281	567	1	the	the	DET
fsr-3281	567	2	shareholder	shareholder	NOUN
fsr-3281	567	3	wealth	wealth	NOUN
fsr-3281	567	4	effects	effect	NOUN
fsr-3281	567	5	of	of	ADP
fsr-3281	567	6	insurance	insurance	NOUN
fsr-3281	567	7	securitization	securitization	NOUN
fsr-3281	567	8	:	:	PUNCT
fsr-3281	567	9	preliminary	preliminary	ADJ
fsr-3281	567	10	evidence	evidence	NOUN
fsr-3281	567	11	from	from	ADP
fsr-3281	567	12	the	the	DET
fsr-3281	567	13	catastrophe	catastrophe	NOUN
fsr-3281	567	14	bond	bond	NOUN
fsr-3281	567	15	market	market	NOUN
fsr-3281	567	16	.	.	PUNCT
fsr-3281	568	1	journal	journal	NOUN
fsr-3281	568	2	of	of	ADP
fsr-3281	568	3	financial	financial	ADJ
fsr-3281	568	4	services	service	NOUN
fsr-3281	568	5	research	research	NOUN
fsr-3281	568	6	,	,	PUNCT
fsr-3281	568	7	44	44	NUM
fsr-3281	568	8	,	,	PUNCT
fsr-3281	568	9	281–301	281–301	NUM
fsr-3281	568	10	.	.	PUNCT
fsr-3281	569	1	hagendorff	hagendorff	PROPN
fsr-3281	569	2	,	,	PUNCT
fsr-3281	569	3	b.	b.	PROPN
fsr-3281	569	4	,	,	PUNCT
fsr-3281	569	5	hagendorff	hagendorff	PROPN
fsr-3281	569	6	,	,	PUNCT
fsr-3281	569	7	j.	j.	PROPN
fsr-3281	569	8	,	,	PUNCT
fsr-3281	569	9	keasey	keasey	PROPN
fsr-3281	569	10	,	,	PUNCT
fsr-3281	569	11	k.	k.	PROPN
fsr-3281	569	12	,	,	PUNCT
fsr-3281	569	13	&	&	CCONJ
fsr-3281	569	14	gonzalez	gonzalez	PROPN
fsr-3281	569	15	,	,	PUNCT
fsr-3281	569	16	a.	a.	NOUN
fsr-3281	569	17	(	(	PUNCT
fsr-3281	569	18	2014	2014	NUM
fsr-3281	569	19	)	)	PUNCT
fsr-3281	569	20	.	.	PUNCT
fsr-3281	570	1	the	the	DET
fsr-3281	570	2	risk	risk	NOUN
fsr-3281	570	3	implications	implication	NOUN
fsr-3281	570	4	of	of	ADP
fsr-3281	570	5	insurance	insurance	NOUN
fsr-3281	570	6	securitization	securitization	NOUN
fsr-3281	570	7	:	:	PUNCT
fsr-3281	570	8	the	the	DET
fsr-3281	570	9	case	case	NOUN
fsr-3281	570	10	of	of	ADP
fsr-3281	570	11	catastrophe	catastrophe	NOUN
fsr-3281	570	12	bonds	bond	NOUN
fsr-3281	570	13	.	.	PUNCT
fsr-3281	571	1	journal	journal	NOUN
fsr-3281	571	2	of	of	ADP
fsr-3281	571	3	corporate	corporate	ADJ
fsr-3281	571	4	finance	finance	NOUN
fsr-3281	571	5	,	,	PUNCT
fsr-3281	571	6	25	25	NUM
fsr-3281	571	7	,	,	PUNCT
fsr-3281	571	8	387–402	387–402	NUM
fsr-3281	571	9	.	.	PUNCT
fsr-3281	572	1	jarzabkowski	jarzabkowski	PROPN
fsr-3281	572	2	,	,	PUNCT
fsr-3281	572	3	p.	p.	NOUN
fsr-3281	572	4	,	,	PUNCT
fsr-3281	572	5	bednarek	bednarek	PROPN
fsr-3281	572	6	,	,	PUNCT
fsr-3281	572	7	r.	r.	PROPN
fsr-3281	572	8	,	,	PUNCT
fsr-3281	572	9	&	&	CCONJ
fsr-3281	572	10	spee	spee	PROPN
fsr-3281	572	11	,	,	PUNCT
fsr-3281	572	12	p.	p.	NOUN
fsr-3281	572	13	(	(	PUNCT
fsr-3281	572	14	2015	2015	NUM
fsr-3281	572	15	)	)	PUNCT
fsr-3281	572	16	.	.	PUNCT
fsr-3281	573	1	making	make	VERB
fsr-3281	573	2	a	a	DET
fsr-3281	573	3	market	market	NOUN
fsr-3281	573	4	for	for	ADP
fsr-3281	573	5	acts	act	NOUN
fsr-3281	573	6	of	of	ADP
fsr-3281	573	7	god	god	PROPN
fsr-3281	573	8	:	:	PUNCT
fsr-3281	573	9	the	the	DET
fsr-3281	573	10	practice	practice	NOUN
fsr-3281	573	11	of	of	ADP
fsr-3281	573	12	risk	risk	NOUN
fsr-3281	573	13	-	-	PUNCT
fsr-3281	573	14	trading	trading	NOUN
fsr-3281	573	15	in	in	ADP
fsr-3281	573	16	the	the	DET
fsr-3281	573	17	global	global	ADJ
fsr-3281	573	18	reinsurance	reinsurance	NOUN
fsr-3281	573	19	industry	industry	NOUN
fsr-3281	573	20	.	.	PUNCT
fsr-3281	574	1	cambridge	cambridge	PROPN
fsr-3281	574	2	:	:	PUNCT
fsr-3281	574	3	oxford	oxford	PROPN
fsr-3281	574	4	university	university	PROPN
fsr-3281	574	5	press	press	NOUN
fsr-3281	574	6	.	.	PUNCT
fsr-3281	575	1	lakdawalla	lakdawalla	PROPN
fsr-3281	575	2	,	,	PUNCT
fsr-3281	575	3	d.	d.	PROPN
fsr-3281	575	4	,	,	PUNCT
fsr-3281	575	5	&	&	CCONJ
fsr-3281	575	6	zanjani	zanjani	PROPN
fsr-3281	575	7	,	,	PUNCT
fsr-3281	575	8	g.	g.	PROPN
fsr-3281	575	9	(	(	PUNCT
fsr-3281	575	10	2012	2012	NUM
fsr-3281	575	11	)	)	PUNCT
fsr-3281	575	12	.	.	PUNCT
fsr-3281	576	1	catastrophe	catastrophe	NOUN
fsr-3281	576	2	bonds	bond	NOUN
fsr-3281	576	3	,	,	PUNCT
fsr-3281	576	4	reinsurance	reinsurance	NOUN
fsr-3281	576	5	,	,	PUNCT
fsr-3281	576	6	and	and	CCONJ
fsr-3281	576	7	the	the	DET
fsr-3281	576	8	optimal	optimal	ADJ
fsr-3281	576	9	collateralization	collateralization	NOUN
fsr-3281	576	10	of	of	ADP
fsr-3281	576	11	risk	risk	NOUN
fsr-3281	576	12	transfer	transfer	NOUN
fsr-3281	576	13	.	.	PUNCT
fsr-3281	577	1	the	the	DET
fsr-3281	577	2	journal	journal	NOUN
fsr-3281	577	3	of	of	ADP
fsr-3281	577	4	risk	risk	NOUN
fsr-3281	577	5	and	and	CCONJ
fsr-3281	577	6	insurance	insurance	NOUN
fsr-3281	577	7	,	,	PUNCT
fsr-3281	577	8	79	79	NUM
fsr-3281	577	9	,	,	PUNCT
fsr-3281	577	10	449–476	449–476	NUM
fsr-3281	577	11	.	.	PUNCT
fsr-3281	577	12	mcchristen	mcchristen	VERB
fsr-3281	577	13	,	,	PUNCT
fsr-3281	577	14	l.	l.	PROPN
fsr-3281	577	15	(	(	PUNCT
fsr-3281	577	16	2012	2012	NUM
fsr-3281	577	17	)	)	PUNCT
fsr-3281	577	18	.	.	PUNCT
fsr-3281	578	1	hurricane	hurricane	PROPN
fsr-3281	578	2	andrew	andrew	PROPN
fsr-3281	578	3	and	and	CCONJ
fsr-3281	578	4	insurance	insurance	PROPN
fsr-3281	578	5	:	:	PUNCT
fsr-3281	578	6	the	the	DET
fsr-3281	578	7	enduring	endure	VERB
fsr-3281	578	8	impact	impact	NOUN
fsr-3281	578	9	of	of	ADP
fsr-3281	578	10	an	an	DET
fsr-3281	578	11	historic	historic	ADJ
fsr-3281	578	12	storm	storm	NOUN
fsr-3281	578	13	.	.	PUNCT
fsr-3281	579	1	insurance	insurance	NOUN
fsr-3281	579	2	information	information	PROPN
fsr-3281	579	3	institute	institute	PROPN
fsr-3281	579	4	,	,	PUNCT
fsr-3281	579	5	august	august	PROPN
fsr-3281	579	6	2012	2012	NUM
fsr-3281	579	7	,	,	PUNCT
fsr-3281	579	8	1–19	1–19	PROPN
fsr-3281	579	9	.	.	PUNCT
fsr-3281	580	1	subramanian	subramanian	PROPN
fsr-3281	580	2	,	,	PUNCT
fsr-3281	580	3	a.	a.	PROPN
fsr-3281	580	4	&	&	CCONJ
fsr-3281	580	5	wang	wang	PROPN
fsr-3281	580	6	,	,	PUNCT
fsr-3281	580	7	j.	j.	PROPN
fsr-3281	580	8	(	(	PUNCT
fsr-3281	580	9	2015	2015	NUM
fsr-3281	580	10	)	)	PUNCT
fsr-3281	580	11	.	.	PUNCT
fsr-3281	581	1	catastrophe	catastrophe	NOUN
fsr-3281	581	2	risk	risk	NOUN
fsr-3281	581	3	transfer	transfer	NOUN
fsr-3281	581	4	.	.	PUNCT
fsr-3281	582	1	working	work	VERB
fsr-3281	582	2	paper	paper	NOUN
fsr-3281	582	3	.	.	PUNCT
fsr-3281	583	1	(	(	PUNCT
fsr-3281	583	2	available	available	ADJ
fsr-3281	583	3	at	at	ADP
fsr-3281	583	4	http://ssm.com/	http://ssm.com/	NOUN
fsr-3281	583	5	abstract	abstract	PROPN
fsr-3281	583	6	�	�	PROPN
fsr-3281	583	7	2321415	2321415	NUM
fsr-3281	583	8	)	)	PUNCT
fsr-3281	583	9	.	.	PUNCT
fsr-3281	584	1	swiss	swiss	PROPN
fsr-3281	584	2	,	,	PUNCT
fsr-3281	584	3	r.	r.	PROPN
fsr-3281	584	4	(	(	PUNCT
fsr-3281	584	5	2012a	2012a	NUM
fsr-3281	584	6	)	)	PUNCT
fsr-3281	584	7	.	.	PUNCT
fsr-3281	585	1	what	what	PRON
fsr-3281	585	2	are	be	AUX
fsr-3281	585	3	insurance	insurance	NOUN
fsr-3281	585	4	linked	link	VERB
fsr-3281	585	5	securities	security	NOUN
fsr-3281	585	6	(	(	PUNCT
fsr-3281	585	7	ils	ils	NOUN
fsr-3281	585	8	)	)	PUNCT
fsr-3281	585	9	,	,	PUNCT
fsr-3281	585	10	and	and	CCONJ
fsr-3281	585	11	why	why	SCONJ
fsr-3281	585	12	should	should	AUX
fsr-3281	585	13	they	they	PRON
fsr-3281	585	14	be	be	AUX
fsr-3281	585	15	considered	consider	VERB
fsr-3281	585	16	?	?	PUNCT
fsr-3281	586	1	presentation	presentation	NOUN
fsr-3281	586	2	to	to	ADP
fsr-3281	586	3	the	the	DET
fsr-3281	586	4	cane	cane	NOUN
fsr-3281	586	5	fall	fall	NOUN
fsr-3281	586	6	meeting	meeting	NOUN
fsr-3281	586	7	,	,	PUNCT
fsr-3281	586	8	september	september	PROPN
fsr-3281	586	9	.	.	PUNCT
fsr-3281	587	1	1–12	1–12	PROPN
fsr-3281	587	2	.	.	PUNCT
fsr-3281	588	1	swiss	swiss	PROPN
fsr-3281	588	2	,	,	PUNCT
fsr-3281	588	3	r.	r.	PROPN
fsr-3281	588	4	(	(	PUNCT
fsr-3281	588	5	2012b	2012b	NUM
fsr-3281	588	6	)	)	PUNCT
fsr-3281	588	7	.	.	PUNCT
fsr-3281	589	1	long	long	ADJ
fsr-3281	589	2	point	point	NOUN
fsr-3281	589	3	re	re	VERB
fsr-3281	589	4	iii	iii	NOUN
fsr-3281	589	5	case	case	NOUN
fsr-3281	589	6	study	study	NOUN
fsr-3281	589	7	.	.	PUNCT
fsr-3281	590	1	presentation	presentation	NOUN
fsr-3281	590	2	to	to	ADP
fsr-3281	590	3	the	the	DET
fsr-3281	590	4	cane	cane	NOUN
fsr-3281	590	5	fall	fall	NOUN
fsr-3281	590	6	meeting	meeting	NOUN
fsr-3281	590	7	,	,	PUNCT
fsr-3281	590	8	september	september	PROPN
fsr-3281	590	9	13–17	13–17	NUM
fsr-3281	590	10	.	.	PUNCT
fsr-3281	591	1	329r.j	329r.j	X
fsr-3281	591	2	.	.	PUNCT
fsr-3281	591	3	kish	kish	PROPN
fsr-3281	591	4	/	/	SYM
fsr-3281	591	5	financial	financial	ADJ
fsr-3281	591	6	services	service	NOUN
fsr-3281	591	7	review	review	VERB
fsr-3281	591	8	25	25	NUM
fsr-3281	591	9	(	(	PUNCT
fsr-3281	591	10	2016	2016	NUM
fsr-3281	591	11	)	)	PUNCT
fsr-3281	591	12	303–329	303–329	NUM