The rise of Bond Catastrophes | Complete Edition | The news on Natural Disasters
CCR devotes this new edition to catastrophe bonds, commonly referred to as Cat Bonds. We begin with a report on the recent boom in alternative reinsurance. We will then interview the French insurer Covéa that issued a 90-million-euro Cat Bond in 2017 and we will conclude this edition with the latest industry news from across the globe.
How do Cat Bonds Work?
Alternative reinsurance capacity increases every year despite high levels of risk and the losses that were first recorded in 2017. Why the all the hype? Here is our report.
Gonzague Degruson and Michel Elbilia - Covéa Group
In December 2017, the French insurer Covéa issued a 90-million-euro Cat Bond through the Irish reinsurer Hexagon Re. The bond was issued to cover Covéa Group property insurers against losses from windstorms occurring on the French mainland. We interviewed the Covéa Group about the transaction.
News in pictures
The news of natural disasters in the world
News in pictures provides a glimpse of the latest natural disaster news while focusing on the floods in the Aude department, the typhoons in Japan and the adverse weather events in Italy.