On the capital side of things, from an economic capital perspective, which is the main constraint that the firm will typically face, this is one of the peak perils from a nat cat perspective, but it's not as large as the two largest, so European windstorm or Atlantic hurricane?If you look at the additional capacity that we have deployed today, I think I understood, I look out the number. We've deployed about 40% more in capacity. I think if you translate that into a capital impact, it would be much, much less than that for this peril, because it partially diversifies. So, from a – I think if you look at it from a probably the simplest, if you switch to S&P, S&P's going to be the easiest way to look at it, because it's factor based. I think if you take about half of the premium growth, I will give you some idea of additional capital deployed. So, the additional capital requirements for this business, this renewal are really, really quite small.
Swiss Re's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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