Insights, analysis, and updates on catastrophe bonds and insurance-linked securities
Case Studies
When Hurricane Ian struck Florida in September 2022 as a Category 4 storm, it became the first major "peak peril" loss event to hit the cat bond market in years. What followed — a 10% single-day index drop, a sharp divergence between trigger types, and a historic repricing — tells the most instructive story in the asset class's modern history.
Education
Learn the difference between parametric and indemnity cat bond triggers, including tradeoffs in transparency, speed, and basis risk.
Education
A practical guide to cat bond trigger mechanisms, including indemnity, parametric, industry loss index, and modeled loss triggers.