Matt was instrumental in helping Cadwalader evolve, develop and grow its catastrophe bond
business, including his work on the first catastrophe bond
issued for a sovereign government to support Mexico's disaster relief efforts.
Nowadays, the sponsor's first catastrophe bond
issue might cost a little bit more in terms of getting all the structures set up, but subsequent bonds are going to be as cost-effective or perhaps even cheaper than traditional reinsurance.
The activity followed one of the slowest third quarters since the P&C catastrophe bonds
were first issued in the mid-1990s, according to a new briefing and analysis by GC Securities, a division of MMC Securities Corp.
Notable transactions in the fourth quarter included Everest Re s Kilimanjaro Re Series 2014-2 Class C notes, which provide the firm with USD500m of earthquake coverage for Canada and the United States, and represents the largest ever five-year term catastrophe bond
The introduction of the catastrophe bond
in the 1990s was hailed by many as the vanguard of a revolution in insurance.
And while it is still too early to predict whether the economy will affect the catastrophe bond
market, the 2009 first-quarter resurgence is a positive sign.
issued a $400 million catastrophe bond
in a single tranche.
bm, a leading online source of news, analysis and data on the growing ILS, catastrophe bond
and alternative reinsurance capital markets.
8 billion of non-life catastrophe bond
capacity raised in seven deals, whereas the fourth quarter of 2012 saw $1.
The report, "PCS third-Quarter 2013 Catastrophe Bond
Report: Broader and Deeper" states, "More than $5.
to discuss trends that are playing out in the catastrophe bond
2 million) catastrophe bond
transferring European winter storm and Turkish earthquake risks to the capital markets.
Give the catastrophe bond
market a few years, and you might be looking at $50 billion in issued capacity.
Both criteria reports include an update to the industry totals for catastrophe bond
issuances during 2011.
The report, Capital Revolution-Alternative Markets Fuel Dynamic Environment, reveals that annual catastrophe bond
issuance reached a record USD9.