Using Catastrophe Bonds to Provide Unique Insurance Solutions for Difficult Risk Exposures
- Topics:
- Insurance
- Tags:
- Bond,
- Business Operations,
- Corporate Insurance,
- Finance,
- Hurricane,
- Insurance,
- Insurance Company,
- Investment
- Source:
- Fairbanks Consulting Group
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Overview: Fortunately for the beleaguered risk manager, the ART menu is an ever-expanding one. As another alternative to traditional reinsurance purchasing the corporate entity, whether it is an international corporation, an offshore captive insurance company, or a domestic US property-casualty insurer must look to explore the option presented by the catastrophe bond (cat bond). The document reveals that catastrophe bonds are being used to provide the solution to the following types of exposure: California earthquake; Japanese earthquake; European windstorm and/or hail; Cancellation of the 2006 World Cup scheduled to be held in Germany; Japanese typhoon; Terrorism risk; Puerto Rican hurricanes; and US northeast hurricanes.
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Format: WORD | Size: 38KB | Date: Jul 2004 | Pages: 4




