Territorial Diversification of Catastrophe Bonds

Abstract

One aspect of the growing issuance in catastrophe bonds is the increasing geographic diversity of coverage. Although catastrophe bonds initially focused on a single peril and territory, more recently they have been structured with independent multiple event triggers, differing according to peril and territory. This paper reviews the territorial development of catastrophe bonds and explores the geographical horizon for new issues.

Citation

WOO, G. (2001), "Territorial Diversification of Catastrophe Bonds", Journal of Risk Finance, Vol. 2 No. 4, pp. 39-45. https://doi.org/10.1108/eb043474