Betting Against the Storm: The Architecture of Catastrophe Bonds

When a Category 5 hurricane destroys an entire coastline, the property damage can run into the hundreds of billions. Traditional insurance companies simply do not have the capital to cover this level of absolute devastation. To survive, they offload the ultimate apocalyptic risk directly onto Wall Street through Catastrophe Bonds (CAT Bonds). This book exposes the extreme, high-stakes casino of ...