KBRA releases research examining the evolution of the catastrophe bond (CAT bond) market. CAT bonds have become an increasingly important component of insurers' risk and capital management frameworks.

CAT bonds are known to offer highly attractive equity-like returns, low volatility and low correlation to broader financial ...

Catastrophe bonds — as the name may suggest — aren’t for fledgling investors. Even so, these high-yield, high-risk securities are attracting growing interest as natural catastrophes intensify. First ...

The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying ...

A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of ...

When disaster strikes - hurricanes, earthquakes, wildfires - rebuilding is expensive. But our Planet Money team has been reporting on the rise of an unusual type of financial deal that is helping pay ...