Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Natural catastrophe losses neared record levels last year, with Munich Re reporting that $50bn (£41bn) was paid out in natural disaster claims during 2016 alone. Global reinsurers and insurers are now
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