Catastrophe Bonds: The Convergence of Capital Markets and Insurance
Author: Lorraine D. Mandel.
Source: Volume 34, Number 03, March 2018 , pp.21-28(8)
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Abstract:
In this article, the author provides an overview of the cat bond industry, discussing the cat bond market, the structure of such bonds, offering materials and the investor community, and types of loss triggers. She closes with a review of the factors accounting for the popularity of cat bonds and the outlook for the cat bond market.Keywords: Insurance-Linked Securities; Loss Triggers; Interest Rate Risk
Affiliations:
1: Private Practice.