Value of multi-peril cat bonds challenged

sendai-japan-flood

Insurance-linked securities market participants have downplayed the attractiveness to investors of multi-peril catastrophe bonds, after Swiss Re issued a combined peril bond this month.

Swiss Re obtained $200 million in coverage against North Atlantic hurricane and UK extreme mortality risk through its new Mythen Re programme. The bond issuance is the first time hurricane and mortality risks have been combined into a bond offering.

The reinsurer said that the combination of the two uncorrelated

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: